During the current year, Sam received interest income from the following investments: $400 from State of Wyoming bonds, $200 from Ford Motor Co., $50 from City of Laramie bonds, $100 from U.S. Treasury bonds. How much of the interest received will be included in gross income

Answers

Answer 1

Answer:

Answer:

$300

Explanation:

We know that The State of Wyoming and City of Laramie bonds are not taxable, so we just caculate the interest income that are taxible into the gross income:

$200 from Ford Motor Co. + $100 from U.S. Treasury bonds

= $300

So $300 of the interest received will be included in gross income

Answer 2

Answer:

Answer:

$300

Explanation:

According to the Internal Revenue Service (IRS), interest on a state or local government obligation may be tax-exempt even if the obligation is not a bond.

Therefore the interest received that will be included in gross income will exclude interest income from the following investments: $400 from State of Wyoming bonds and $50 from City of Laramie bonds.

$100 from U.S. Treasury bonds are taxable at federal level, hence will be included.

Therefore taxable amount = $100 from treasury bonds and $200 from Ford Motor Co.

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How are consumer buying decisions related to successful financial management?

Answers

Answer:

The correct answer is " If the consumer spends their money according to their financial plan it would be successful".

Explanation:

If the consumer decides to spend their money according to the financial plan that was developed to achieve the objectives that the company has, then we can say that the financial management that was previously planned is successful.

Have a nice day!

Answer: Consumer buying decisions are related to successful financial management because of spending habits, do you tend to overspend or under-spend? If the consumer is spending their money according to their financial plan then their financial management would be successful.

What represents the value of the second-best alternative that a person gives up when making a choice?A.marginal spending
B.marginal benefit
C.opportunity cost
D.marginal cost

Answers

Opportunity cost represents the value of the second-best alternative that a person gives up when making a choice. Correct answer: C

Opportunity cost is the value of something that is given up to get something else that is wanted and is expressed as the value of the next best alternative to the choice made.

Opportunity cost is what represents the value of the second-best alternative that a person gives up when making a choice. When someone has to decide between two or more alternatives to a decision, what has been given up is known as the opportunity cost.

Suppose taxpayers are given a one-time only rebate on previous taxes paid. If consumers spend all of their tax rebate checks, what takes place in the economy? A.

Aggregate demand shifts to the right.

B.

The LRAS curve shifts left.

C.

Aggregate demand shifts to the left.

D.

Inflation decreases.

Answers

Answer:

Aggregate demand shifts to the right.

Explanation:

Tax rebate means that the people have a tax benefit that increases their disposable income.

When there is additional income available for people to spend, there is an increased demand that shifts to the right the aggregate demand curve.

It is unconnected to the supply curve and inflation so the correct answer is option A.

Hope that helps.

A decline in the real GDP that occurs for at least two or more quarters is called a _______.

Answers

when a decline in the real GDP occurs for at least two or more quarters it is usually known as a recession

Lumber Company owns several large pieces of mobile equipment used in its lumbering operations. What type of inland marine coverage form would best be used to insure Lumber's equipment? A. Transit (transportation) B. Builders risk C. Motor truck cargo D. Contractors equipment

Answers

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Step two there is so much we can do

A collective bundle of shares is called?

Answers

Portfolio of shares
Or Index of shares

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The first step in developing an ABC system is A. calculate an activity cost allocation rate for each activity. B. allocate the costs to the cost object using the activity cost allocation rates. C. select an allocation base for each activity. D. identify the primary activities and estimate a total cost pool for each.

The process of evaluating each market segment's attractiveness and selecting one or more segments to enter.