Answer:
b. Scotty did not itemize deductions in 2017
Explanation:
Let's assume that Scotty didn't itemize in 2015, that means that he will be able to remove the reimbursement from gross income in 2016. Also, assuming Scotty itemized deductions in 2015, he has to report the reimbursement as gross income in 2016 to the extent he received a tax benefit from deducting medical expenses in 2015. If he itemized in 2016 there will not be an impact on the treatment of the reimbursement.
It is both true and false in a way that some mothers get pregnant to have a baby and some don't get pregnant on purpose. But usually these mothers connect with their baby in the womb. So true?
Answer:D. Moral codes and social sanctions
Explanation:
Moral codes refers to acceptable or right ethics that guides people's conducts . Social sanctions refers to actions not necessarily back or enforceable legally that force the people to behave in the right manner.
In the above scenario Brian was not willing to litter the floor due to anticipated public negative reaction s to her littering the floor with cigarettes butt.
It's not a contract for no two parties are involved, nor involved busines merger and neither is it a charity action.
Answer:
True
Explanation:
According to the American Economics Association, economics is the study of limited resources or scarcity. Many economists say people have unlimited wants and needs because it is an assumption that human beings are never satisfied at all. But this is an important and valid assumption because in many situations, more is better.
Also economics is the study of how people make choices and which incentivates people to make them.
Answer:
30%
Explanation:
Credit utilization can be regarded as the percentage of the total credit that individual is utilizing. It's financially advisable to keep the credit utilization ratio in order to have a good credit score.
To calculate credit utilization rate;
✓ one need to know the information about one credit account.
/✓Then divide the total balance by the total credit limit
✓then multiply by 100
For instance if the total balance is $5000 and total credit limit is $25000 then the credit utilization ratio is ($5000/$25000)×100%
= 20%
Whenever the credit utilization ratio is
higher than 30% it will bring about the decrease of credit score, as a result of this , the lender can be worried because he/she may think the ratio is overextended, and paying back new debt might not be easy.
Therefore, with general rule of thumb is to keep your credit utilization rate at 30% or lower. your approximate credit utilization rate for this current billing cycle is 30%
