Answer:
Knowledge can be defined as a public good, since it is both nonrival and nonexcludable. Everyone is entitled to increase their personal knowledge, and that also applies to businesses.
By issuing patents the government restrains the use of new technologies that temporarily belong to a person or a company. This is done to protect investment in research and development.
Subsidies are handed out by government entities to promote research on several areas including health, new technologies, environmental protection, etc.
Public education is crucial once you understand that knowledge is also public, ideas don't belong to just one person, and the government has the responsibility of educating the population. The more educated the nation's population is, the more it can develop new technologies.
You just have to add 233,200 + 153,700,and the multiply it by 6 and what ever u get u mutliply it by 30
Question Completion:
Chris and Heather are engaged and plan to get married. Chris is a full-time student and earns $8,500 from a part-time job. With this income, student loans, savings, and nontaxable scholarships, he is self-supporting. For the year, Heather is employed and reports $83,600 in wages.
Answer:
Chris and Heather
Taxable income and income tax (jointly):
Gross income $92,100
Standard deduction 24,000
Taxable income $68,100
Income tax $14,982
Explanation:
Chris' income = $8,500
Healther's wage= $83,600
Gross income = $92,100
Standard deduction (jointly) = $24,000
Income tax rate = 22%
Income tax (jointly) = 22% of $68,100 = $14,982
