Adjusted gross income (AGI) is your total income from all sources minus certain deductions, such as alimony payments, certain business expenses, and IRA contributions.
What is income?
Income, which is typically expressed in monetary terms, is the consumption as well as saving opportunity gained by such an entity within a given timeframe. Conceptually, income is hard to define, and different fields may have different definitions. Page not found For instance, a person's income may differ from their revenue as defined by law and in an economic sense. Haig-Simons income, which describes income as Consumption + Change in Net Worth and therefore is widely applied in economics, is a very significant definition of income. Income is a total that includes any wages, salaries, profits, interest payments, rent, or other forms of earnings received inside a calendar year for individuals and households in the United States, as defined by tax law.
It is your total income before any deductions are taken for taxes. Taxable income is the amount of income on which you must pay taxes. It is calculated by subtracting allowable deductions and credits from your adjusted gross income.
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the city government spent $500 million more than it had in tax revenue this year. what would be the impact on the city's budget and national debt?
The city government spent $500 million more than it had in tax revenue this year. There is a deficit in the budget, and as a result, the debt will grow by a deficit of $500 million
What is tax revenue as it relates to budget?Generally, Tax revenue is defined as the sum of all revenues collected from various types of taxation, including but not limited to taxes on income and profits, social security contributions, taxes imposed on goods and services, payroll taxes, taxes on the ownership and disposition of ownership, and other types of taxes.
This year, the municipal administration had expenditures that were $500 million more than the tax money it had collected. Due to the fact that there is a deficit in the budget, the amount of debt will continue to increase.
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role of collective bargaining in industrial relations
An way of solving issues at work is through collective bargaining. It's the most effective way to increase pay in America. Indeed, workers support higher salaries, perks, and safer working conditions due to trade unions.
What serves as a means for provision?A provision is cash saved in the funds to cover any liabilities that may arise in the future. To improve the accuracy of something like the current year's balance, a provision is utilized to allow for costs that could, in some cases, be offset with in current or prior financial year.
Which preparations are required?A "business make better term" lease clause stipulates that the tenant must return the doors to the home in the same condition that they found it.
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Which of the following is NOT an element of the promotion mix?
A. advertising
B. sales promotion
C. Internet ordering
D. personal selling
E. public relations
Answer:
the answeris the option C
What goods are considered elastic?
Elastic goods encompass luxurious gadgets and sure food and liquids as changes of their charges affect demand. Inelastic goods may also encompass items consisting of tobacco and pharmaceuticals as demand frequently remains regular no matter fee adjustments.
An elastic good is described as one where a trade in rate results in a vast shift in call for and in which substitutes are available for an item, the more elastic the best may be.
The charge elasticity of demand is calculated by way of dividing the proportion exchange in quantity demanded through the share exchange in charge.
Elastic goods are goods which have a significant change in demand or deliver in reaction to a change in rate. generally, these are items that are not considered requirements, or goods for which there are substitutes without problems available.
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What the difference between standard deduction and itemized?
Standard deduction is a benefit that eliminates the need for many taxpayers to itemize actual deductions. However, if your ITEMIZED DEDUCTIONS are higher, you will want to itemize to get the lower tax liability.
The standard deduction is a set monetary amount that lowers your taxable income. Your filing status affects the standard deduction you are eligible for. Second, you might be interested in knowing the standard deduction amounts.
Your adjusted gross income (AGI) is also reduced by itemized deductions, although they operate differently from a basic deduction. The amount of itemized deductions varies from taxpayer to taxpayer, unlike the standard deduction.
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the listing of the account names and the sum of the account balances is called what
The listing of the account names and the sum of the account balances is called a trial balance. All significant accounting items, including as assets, liabilities, equity, revenues, expenses, gains, and losses are tied to the accounts shown on a trial balance.
A trial balance is a financial report that displays the general ledger's closing balances for all accounts at a certain point in time. The first stage in closing the books at the conclusion of an accounting month is to create a trial balance. The trial balance is a financial report that includes the closing balances for all of the company's general ledgers.
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What are 3 advantages of a loan?
The 3 advantages of a loan are:
Flexible Options.
Lower Interest Rates or Interest-Free Rates. ...
A Longer Repayment Period.
Banks may additionally approve you for a loan and provide you with the money within the same day, but the whole method of making use of and getting investment should take several business days. a few credit unions offer identical-day (or very fast) alternatives. Alliant Credit Union, as an example, may provide funding on the identical day you observe online.
Borrow is a kind of quick-term loan provided via the coins App platform. that is how it works: if you're eligible you could take out a loan from $20 to $2 hundred. then you have four weeks to pay returned the loaned quantity plus a 5% flat charge.
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Which US president used dollar diplomacy in Nicaragua?
The US president used dollar diplomacy in Nicaragua was President William H. Taft.
Diplomacy is the art and technological know-how of keeping peaceful relationships among countries, agencies, or individuals. frequently, diplomacy refers to representatives of different agencies discussing such issues as war, change, the surroundings, era, or protection. those who exercise international relations are known as diplomats.
This might consist of negotiating exchange deals, discussing mutual issues, enforcing new guidelines, and tackling disputes. The effects that can get up if diplomatic family members aren't had can be very critical – warfare, violence, or even war.
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Why does the US import oil because it does not produce any oil at all because it needs higher quality oil than it produces?
He informed Newsweek that the U.S. uses extra barrels of oil in step with the day than it produces, necessitating imports from overseas. "The U.S. imports oil due to the fact consumption of oil products—approximately 20 million barrels in step with day—is extra than the quantity of crude oil it produces, approximately 18 million barrels consistent with day," Kaufmann said.
And yet that equal document exhibits that the U.S. imported 7.86 million barrels of oil according to day remaining yr. That occurs because of a combination of economics and chemistry. The economics are simple: In remote places oil, even after transport fees, is frequently less expensive than domestically-produced crude.
Crude oil imports of approximately 6.11 million b/d accounted for approximately 72% of U.S. overall gross petroleum imports in 2021, and non-crude oil petroleum accounted for approximately 28% of U.S. general gross petroleum imports. In 2021, the united states exported approximately eight.54 million b/d of petroleum to 176 international locations and four U.S. territories.
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What does the repetition of the word neutral throughout how we entered?
The way we Entered World War I" emphasize Primarily based on "How We Entered global conflict I," which element explains why the sinking of the Lusitania led the united states to enter world struggle I? Of the 1,195 passengers killed, 124 have been from America.
World War 1 turned referred to as exquisite warfare and become an international struggle that originated in Europe and would ultimately eat many countries all through the world. It lasted from July 29, 1914, to November eleven, 1918, and brought about greater than 70 million navy personnel being deployed all through the arena.
Germany sought to break up the French-Russian alliance and was fully prepared to take the threat that this would bring about the main battle. some inside the German elite welcomed the possibility of beginning an expansionist war of conquest. The response of Russia, France, and later Britain had been reactive and protective.
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characteristics of bureaucracy and examples
A distinct hierarchy, specialization, a division of labor, and a system of written rules, or standard operating procedures, are the four main characteristics of bureaucracies.
What is meant by bureaucracy?a method of administering or regulating a nation, business, or organization that is run by a large number of officials paid to strictly adhere to regulations: When I applied for financial help at the university, I ran into a lot of red tape. Organizing and managing. administer.
What is an example of bureaucracy?Large enterprises, the military, and government organizations are typical examples of bureaucracy. Each of these organizations has a codified decision-making process, written rules and regulations, a hierarchical organizational structure, and a division of work.
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Does a CD have a higher interest rate than a savings account?
With a set annual percentage yield (APY), CDs often provide higher interest rates than conventional savings accounts.
To avoid having all of your money tied up at a lower rate when yields climb, it makes sense to establish a CD ladder in a rising-rate environment. It typically takes a minimum deposit to open a CD account.
CDs may provide greater interest rates on deposits compared to savings or money market accounts. You consent to keep your funds in the CD for a specific amount of time, which is why. The bank, the CD term, and the current interest rate environment all affect the interest rate and annual percentage yield you get.
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Is the Fed part of the banking system?
The Federal Reserve, our primary bank of ours, offers the state a safe, flexible, and stable financial and monetary device.
The framers of the Federal Reserve Act developed a critical banking gadget that might broadly represent the general public interest. Nonmember banks are monetary establishments that aren't contributors to the Federal Reserve machine. They may be network banks, credit unions, or business banks. national banks are required to sign up for the Fed, whilst country banks can be part of it in the event that they meet sure necessities.
Countrywide banks must be members of the Federal Reserve machine; however, they may be regulated by means of the workplace of the Comptroller of the Currency (OCC). The Federal Reserve supervises and regulates many large banking establishments due to the fact it's far the federal regulator for bank-keeping companies (BHCs).
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What are the 4 types of financial markets and its functions?
According to the Corporate Finance Institute, financial markets can be classified into four types: Stock market, Bond market, Derivatives market, and Commodities market.
Stock market: shares of public companies' properties are traded. Each share has an assigned price, and those who invest in this market obtain profits when the shares behave positively.
Bond market: companies and the government are offered the possibility of obtaining money to finance a project. Investors acquires bonds from companies that later returns them the value of the bonds plus interest.
Derivatives market: includes derivatives and contracts, the value is based on the market value of the asset traded.
Commodities market: trade of natural resources and commodities such as oil, gold, corn and meat.
The main benefits of financial markets are the possibility of accessing savings accounts and loans/credits for personal, business, or education loans. They are also institutionalized spaces where individuals can access businesses for different assets, generate profits, add value to their products and goods, etc.
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What are the differences between retail banks credit unions and online banks?
Savings accounts and term deposits are among the financial services that are provided by banks or credit unions (CDs).
What is a financial issue?
Inability to pay off debts in the short- or long-term is a sign of financial difficulty. Debt reduces one's purchasing power and makes managing money more difficult. Stressful situations arise due to financial issues until all debts are paid.
What is stress due to finances?
Financially stressful situations can include quitting your job or getting laid off, being out of work for an extended period of time, being unable to find full-time employment, and are unable to pay your bills, or being unable to cope with the rising cost of living.
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What is it called when supply and demand are equal to each other?
A market is in equilibrium when a product's demand is equal to supply. As a result, neither an excess nor a shortage of products exist.
What Is Equilibrium in the Economy?An economic equilibrium is said to exist when all market factors are in harmony. Without external inputs, economic variables largely stay at their equilibrium values. There are two different types of equilibrium: microeconomic and macroeconomic. Supply and demand among sellers and buyers are balanced in microeconomics.
The significance of equilibrium in economics.Equilibrium is essential for a marketplace to be both effective and balanced. As long as the quantities offered and sought are in balance, a market cannot deviate from its equilibrium price.
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What is the purpose of economic regulation?
Economic regulation readily offers a guarantee to customers who need to bear the fee of those selections that the ones fees are certainly fair and affordable.
Economic regulation refers to a hard and fast of restrictions or rules promulgated by means of government administrative corporations thru rulemaking supported by a threat of sanction or a best. Regulatory economics is the economics of regulation. it's miles the utility of regulation by authorities or regulatory groups for diverse functions, including remedying market failure, protective the environment and monetary control.
Examples of monetary regulation consist of the manipulate of the Federal Reserve on banks to decide their reserve necessities and the regulation of wages to decide the minimal salary of employees.
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when the fed sells bonds in the open market we can expect the
When the fed sells bonds in the open market we can expect the it will result in a decrease in the money supply by removing cash from the economy in exchange for bonds.
What do you mean by open market?A market that is open to competition has little to no restrictions on how businesses can operate. Tariffs, taxes, licensing requirements, subsidies, unionization, and any other laws or practices that obstruct free-market activity are not present in an open market.
What is the meaning of bonds?When they need to raise money, governments and businesses issue bonds. By purchasing a bond, you are effectively lending the issuer money. In exchange, they commit to repay you the face amount of the loan on a particular date and to make periodic interest payments—typically twice a year—along the way.
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Why is it necessary for an entrepreneur to start a new business?
When establishing a business with the potential for expansion, entrepreneur's wealth increases along with it. The company is a great asset in and of itself. The business' worth increases as it expands.
What is entrepreneurship so crucial?Entrepreneurs are crucial to market economies because they may drive the nation's economic expansion. They encourage new employment by developing new goods and services, which eventually accelerates economic growth.
How is entrepreneurship categorized?Small enterprises, scalable startups, major firms, and social entrepreneurs are the traditional divisions of entrepreneurship. These models go over the fundamentals of starting a business and place more emphasis on the business itself than the entrepreneur's personal traits.
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the last such reversal occurred about how many years ago? a. 680,000 years b. 780,000 years c. 880,000 years d. 980,000 years
last such reversal occurred about B. 780,000 years which was so many years ago.
What are magnetic reversals ?These reversals can be seen as one that is random with no apparent periodicity to their occurrence.
It an be deduced that their occurence is as often as every 10 thousand years or so and as infrequently compare to 50 million years or more how ever the las one took place around the 780,000 years ago.
It should be noted that Since the original discovery of magnetic reversals, it was establisehed that the reversals have occurred over the past 10 million years .
Therefore, option B is correct.
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missing option:
Since the original discovery of magnetic reversals, scientists have shown that these reversals have occurred over the past 10 million years at an average rate of 4 to 5 reversals per million years. The last such reversal occurred about how many years ago?
What are the 4 types of credit?
There are 4 types of credit which are as follows Revolving Credit, Charge Card, Installment Credit and Non-Installment or Service Credit.
Credit is the trust that permits one party to lend money or resources to another party, with the understanding that the second party will not immediately refund the first party but will instead repay it or return the resources at a later time. Credit is a strategy for formalizing reciprocity, making it enforceable by law, and extending it to a sizable number of unrelated parties.
The resources offered might be monetary or they could be in the form of products or services. Any postponed payment arrangement is considered credit. A debtor, also known as a borrower, is given credit by a creditor, also known as a lender.
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u s oil exports vs imports by year
u s oil exports vs imports by year?
Crude oil imports of about 6.eleven million b/d accounted for approximately seventy two% of U.S. general gross petroleum imports in 2021, and non-crude oil petroleum accounted for about 28% of U.S. general gross petroleum imports. In 2021, the us exported approximately eight. Fifty four million b/d of petroleum to 176 international locations and 4 U.S. territories.
despite the fact that U.S. annual total petroleum exports had been extra than overall petroleum imports in 2020 and 2021, America nevertheless imported a few crude oil and petroleum products from other nations to assist to deliver home demand for petroleum and to deliver global markets.
Oil Exports inside the USA averaged 959.37 USD Million from 1989 until 2022, reaching an all time excessive of 11384.88 USD Million in July of 2022 and a record low of 0.00 USD Million in October of 1992.
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What are the first 10 amendments to the Constitution which are a summary of citizens rights & Freedoms?
A constitution is the collection of fundamental principles or established precedents that serve as the legal foundation of a polity, organization, or other type of entity and commonly govern how that entity is to be governed. "elected by the people.
The first ten Amendments to the Constitution are known as the Bill of Rights. It outlines the rights of Americans in relation to their government. It guarantees the individual's civil rights and liberties, such as freedom of speech, press, and religion. It establishes rules for due process of law and delegated to the people or the states all powers not delegated to the federal government. It also states that "the enumeration of certain rights in the Constitution shall not be construed to deny or disparage others retained by the people."
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what is one major difference between income tax and property tax
Property tax levied on the annual property value and is based on the number of properties the owner has. Income tax levied directly on personal income.
You must pay property tax to the urban local body that oversees the property if you own a residence. You must pay taxes to the Municipal Corporation of Delhi, for instance, if your property is located in Delhi (depending of which subdivision of the trifurcated MCD you belong to).
Even though paying property tax may seem difficult, doing it on time can let you take advantage of early-payer incentives. Additionally, paying late will result in a fee. You can even receive penalties if you don't pay your property taxes on time. However, compared to other countries' property taxes, India has exceptionally low rates, so this isn't as much of a bother as you may think.
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trade barriers examples
Trade boundaries include price lists (taxes) on imports (and from time to time exports) and non-tariff boundaries to trade which include import quotas, subsidies to domestic industry, embargoes on alternate with unique nations (commonly for geopolitical reasons), and licenses to import items into the economic system.
Imports can be finished products, like vehicles, television sets, computer systems, or shoes, or they can be uncooked substances, together with zinc, oil, timber, or grains. They also can be offerings, like financial services, travel offerings, and coverage. Imports are an important part of the U.S. and worldwide financial system.
Exporting refers back to the selling of goods and services from the house united states to a foreign country. while uploading refers to the purchase of overseas products and bringing them into one's domestic united states.
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Are goods that are necessities elastic or inelastic?
Are goods in general, necessities and medical treatments tend to be inelastic, while luxury goods tend to be most elastic.
Goods which can be taken into consideration critical have a low elasticity of call for. Electricity, gas, oil, and water are all tremendously inelastic due to the fact purchasers depend upon those as requirements as opposed to luxuries. Goods with an elastic call for have a tendency to be non-requirements, consisting of amusement objects or luxuries.
Goods with an inelastic call for have a tendency to be important objects, consisting of food, fuel, and medicine. Elastic call for is resulting from fee, income, advertising, availability of substitutes, and different productsThe call for for requirements or important items is inelastic due to the fact something can be the modifications withinside the fee of those items, their call for does now no longer extrade drastically. For instance call for for milk, salt,etc.
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What is tamper-evident container?
TEP, or tamper evident packaging, is a kind of packaging that lets the customer or end user know when the product has been opened. One aspect of tamper-evident packaging that makes.
It successful is that it is hard to copy because it is not easily accessible for purchase. A tamper-evident seal is a type of sealing mechanism used to indicate when a container's opening has been tampered with. Before opening the package, you can check to determine whether there has been tampering because it is customer with a tamper-evident seal. For situations where extra security is needed, our tamper-evident envelopes are perfect. damaging and deteriorating adulterate.
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How would you estimate the revenue that Camp Nou stadium in Barcelona generates per year? Please provide a detailed analysis.
Since its establishment in 1957, Camp Nou has served as the soccer team's home, seating 99,354 supporters. According to the club's website, sponsorship, title rights, VIP boxes, premium accommodation facilities, event space, and the club's refurbished museum will produce a revenue of about $207 million (€200 million) every year.
What are the methods of estimating revenue?Revenue is most easily computed by multiplying the volume of sales by the selling price. Because revenues exclude costs and expenses, a company's earnings, or bottom line, will be lower than its revenue.
Revenue refers to the amount of money received by a company in return for its goods and services, or what a consumer pays a corporation for its goods or services. A company's revenue is commonly stated on the first item of the income statement as income, sales, net sales, or net revenue.
Using sales representatives' opinions is a common way of sales estimation. Other methods are:
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You are considering acquiring a firm that you believe can generate expected cash flows of $10,000 a year forever. However, you recognize that those cash flows are uncertain. (LO12-2)
a. Suppose you believe that the beta of the firm is .4. How much is the firm worth if the risk-
free rate is 4% and the expected rate of return on the market portfolio is 11%?
b. By how much will you overvalue the firm if its beta is actually .6?
The price of the company or really well worth of the company is $147058.eighty two rounded off to two decimal places.
The required details for price in given paragraph
We first want to calculate the specified price of go back for this company to be able to be used as the cut price price within side the valuation of the company the usage of the discounted coins waft methods.
Using the CAPM we will calculate the specified price of go back as,
r = rRF + Beta * (rM - rRF)
Where,
rRF is the hazard unfastened price
rM is the go back on Market
So,
r = 0.04 + 0.4 * (0.11 - 0.04)
r = 0.068 or 6.8%
As the coins flows the company can generate are anticipated to stay consistent thru out and they're generated after identical c programming language of time, this could be handled as a perpetuity. The gift price of a perpetuity is calculated as follows,
Present Value of perpetuity = Cash Flow / r
Present price of perpetuity = 10000 / 0.068
Present price of perpetuity = $147058.8235
So, the price of the company or really well worth of the company is $147058.eighty two rounded off to two decimal places.
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What 4 things motivate an entrepreneur?
Four things motivate an entrepreneur: control, freedom, impact and wealth
An entrepreneur is an person who identifies a need inside the marketplace and works to fulfill it. The term, traditionally, has been carried out to an individual who begins a business, seeing the ability to meet that diagnosed need as an economic possibility.
There are two conventional categories of wealthy and successful entrepreneurs – the commercial enterprise proprietor entrepreneur and the angel investor entrepreneur. There are some distinct activities on the path to becoming a business owner entrepreneur as opposed to an angel investor entrepreneur.
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