Answer:
In the year 2020 --- Not taxable Hence -Nil
In the year 2050----Taxable. Hence $5000
Explanation:
Assumed that the tax payer purchased the annuity from Tax paid Income'.
In this case the tax payers income of $5000 is partly taxable . That is the percentage of the payment that's considered a return on your initial investment will not be taxable. the rest, which is your gain on the investment, will be taxed. In this case for the first twenty years($100000/$5000) =20 years will not be taxable. Hence
In the year 2020 --- Not taxable Hence -Nil
In the year 2050----Taxable. Hence $5000
Kevin gates kevin gates kevin gates
Answer:
3) AD shifts right and output would decrease.
Explanation:
Aggregate demand (AD) is the total number of goods demanded in an economy in a period of time.
If Congress decides to cut the National debt (or accumulated debt of the government) by half, this will make interest rates lower and will encourage investment from the private sector.
The shifting to the right occurs when these components; consumption spending and investment spending increases due to cut in National debt.
The AD curve will shift back to the left as these components decreases.
To attract customers to their store and not their more expensive competitors?
