Answer:
1. The act of reducing taxes by deliberately understating income or overstating deductions is called ______
Tax evasion
2. Leaving the tip earnings out of her income on her tax returns is
Tax evasion
Explanation:
Tax evasion is deliberate reduction of gross income either by excluding, understating, omitting income, or overstating deductions. It is not legal. Tax avoidance is managing taxable income by effective tax planning (e.g. through investments, insurance, etc.) so that less tax is paid. It is legal and allowed.
Answer:
A. People creating different governments around the world
Explanation:
economics looks at how the world’s resources are used by and distributed among individuals and organizations.
The supply curve for gasoline will change as a result of the discovery of a new crude oil reserve, resulting in a decrease in market-clearing prices.
<h3>What is the clearing price on the market?</h3>
The price at which the amount provided and the quantity demanded are equal is known as the market-clearing price. The market can only be "cleared" or balanced by this price. Prices typically rise toward market-clearing levels as a result of market competition.
When a business has an excess of a particular product that hasn't been sold at its regular price (such unsold summer apparel as the cooler season approaches), the store will often reduce the price until the surplus stock is sold, which is a straightforward example of "market clearing."
To learn more about market-clearing price, refer to:
brainly.com/question/1888517
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Answer:
A debit to Bonds Payable for $132,000
Explanation:
This is because The face value or face amount of a bond payable is the amount printed on the bond. We always record Bond Payable as the amount we have to pay back which is the face value or principal amount of the bond.
Answer:
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