Answer:
Julie
The percent of her monthly income that will be budgeted for transportation is:
= 13%.
Explanation:
a) Data and Calculations:
Amount budgeted for transportation = $175
Amount being spent on transportation = $250
Total monthly income = $1,900
Percentage of monthly income that will be budgeted for transportation = $250/$1,900 * 100
= 13.16%
= 13.2%
= 13%
Percentage of monthly income earlier budgeted for transportation = 9% ($175/$1,900 * 100)
The additional spending on transportation represents 4% ($75/$1,900 * 100)
New percentage spending on transportation = 13% (9% + 4%)
Answer:
b. $160,700
Explanation:
In the case of ordinary taxable income limitation, the taxable income for the single person is up to $160,700 and for married who filled jointly have a limit up to $321,400.
Plus, if the income is covered within the threshold limit then the tax payee is eligible for the deduction which is equal to 20% of qualified business income irrespective whether they engaged or not engaged in any specified service trade or business
True because I said so and i don’t really care but I hope this helped
Answer:
Partly by the market mechanism and partly by the political process.
Explanation:
Capitalist Economy is private owned economy, with no state control, having profit maximisation objective. Socialist economy is state (govt) owned economy, having social welfare objective.
Mixed Economy is an economy co-owned by private & government sector. The goal is to achieve balance between profit maximisation & social welfare. The central problems of economy 'what, how, for whom to produce' are solved by both private & government sector. Output is allocated both on the basis of free market demand & supply mechanism, also on the basis of state/ govt (political) process. The govt (political) process regulates & monitors private role through various market interventions :- maximum quotas, price ceiling, price floor etc.
Rebecca sells her personal scooter = $550
And she purchased three years ago for $700
loss in the selling of scooter = $700 - $550
= $150
she sell painting for $1200
and he purchased that painting five years ago = $900
profit = $1200 - $900
$300
So $300 - $150 = $150
She still get benefit on selling both things
