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Deffense [45]
2 years ago
13

Sandy is a single taxpayer who collected Social Security benefits of $22,000. The Social Security benefits were her only income

for the tax year. What is the amount of taxes she will owe when she files her income tax return
Business
1 answer:
butalik [34]2 years ago
8 0

Answer: $0

Explanation:

A tax is a levy that's being paid to the government which is basically used to improve the economy and provide necessary infrastructural facilities.

Once an individual has an income that's less than $25,000, social security won't be taxed. In this scenario, Sandy has an income of $22000, therefore she won't be taxed.

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Copa Cabana Corporation is considering the purchase of a new machine costing $30,000. The machine would generate net cash inflow
olga_2 [115]

Answer:

C. 20.00 percent

Explanation:

The computation of the accounting rate of return is shown below:

The formula to compute the accounting rate of return is shown below:

= Annual net income ÷ initial investment

where,  

Annual net income is

= Net cash flows - depreciation expense

= $12,000 - $6,000

= $6,000

And, the initial investment is $30,000

So, the accounting rate of return on initial investment is

= $6,000 ÷ $30,000

= 20%

The depreciation expense is

= $30,000 ÷ 5 years

= $6,000

6 0
3 years ago
If equilibrium is achieved in a competitive market the deadweight loss will equal the sum of consumer surplus and producer surpl
marysya [2.9K]

Answer:

there is no deadweight loss.

Explanation:

In a perfect competition, there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.

This simply means that, in a perfectly competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.

Generally, a perfectly competitive market is characterized by the following features;

1. Perfect information.

2. No barriers, it is typically free.

3. Equilibrium price and quantity.

4. Many buyers and sellers.

5. Homogeneous products.

Examples of a perfectly competitive market are the Agricultural sector, e-commerce and the foreign exchange market.

Hence, if equilibrium is achieved in a competitive market then, there is no deadweight loss i.e a loss of economic efficiency due to a lack of balance in competing economical influences for goods or services.

4 0
3 years ago
Briefly describe the trauma that is associated with GBV​
SVETLANKA909090 [29]

Explanation:

<h3>Mental health impacts for survivors of gender-based violence include Post Traumatic Stress Disorder (PTSD), depression, anxiety, substance misuse, self-harm and suicidal behaviour, and sleep disturbances. In addition, a survivor of GBV may also face stigma and rejection from her community and family.</h3>
7 0
3 years ago
Harold and Zack have pooled their money together to buy real estate but have filed no formal papers to form a business. Harold,
Alex777 [14]

Answer: a. Partnership

Explanation:

Partnership could be defined as a process where two or more group of persons join their resources together to form a business or an investment, if it's a business, it is ran by both of them and the profit and loss realised is been shared amongst them. During partnership, the ratio of capital invested determines the ratio of profit that would be realised by the different persons. Harold and Zack combining resources to own a real estate investment is known as capital despite not signing legally for it yet.

7 0
3 years ago
Suppose that interest rates decrease. Holding everything else constant, determine what happens to aggregate demand and its compo
RUDIKE [14]

Answer:

When interest rates decrease, It causes a ripple effect in the economy that stimulates growth and wealth creation. In the long run, it might cause inflation.

Explanation:

  • If interest rates decrease, consumption increases because there is more disposable income available in each household.
  • If interest rates decrease, investment increases since the cost of borrowing is cheaper.
  • If interest rates decrease, government spending decreases .
  • If interest rates decrease, the value of net exports increase because the economy us stimulated as a result of a business boom facilitated by low and affordable loans.
5 0
3 years ago
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