CHAPTER 3 National Income: Where It Comes From and Where It Goes Questions for Review 1. The factors of production and the production technology determine the amount of output an economy can produce. The factors of production are the inputs used to produce goods and services: the most important factors are capital and labor. The production technology determines how much output can be produced from any given amounts of these inputs. An increase in one of the factors of production or
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Your rental property needs new occupants‚ so where find potential tenants. Before handing over the keys to the home‚ you need to make sure quality tenants are signing the lease. Besides the tenants‚ there are other things you need to keep in mind. Here are three things a property management company can help you avoid. The Unruly Tenant and the Eviction Process A terrible tenant is a landlord’s worst nightmare. Handling the daily tasks of being a landlord is stressful‚ but unruly tenants can make
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going through this lesson‚ you will be able to understand: The meaning of house property Who is treated as owner of house property? The treatment of rental income from properties under different circumstances Determination of the annual value of a house property The expenses deductible from rental/notional income from house property Special treatment given to self-occupied house property Treatment of income/loss from house property. Basis
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from two sources; taxes and federal receipts. “Currently‚ Texas is one of nine states that does not levy a personal income tax on its residents and‚ in addition‚ its property tax system is a function of local governments. This makes Texas somewhat unique‚ in that‚ its state government largely relies on revenue generated from sales taxes and a business tax.” (Texas Public Policy Foundation‚ 2012) For the 2010-2011 biennium‚ 43.1 percent of Texas’s revenue was generated through taxes and 37.3 percent
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UNIVERSITY OF NAIROBI SCHOOL OF BUSINESS MASTER OF BUSINESS ADMINISTRATION ADVANCED FINANCIAL ACCOUNTING DAC 601 TOPIC: ACCOUNTING FOR LEASES PRESENTED BY: Mbogo Stella Mumbi……………...……...…………….D61/60246/2013 Albert Kalute Maingi……………...……...…………….D61/62221/2013 PRESENTED TO: DR. KAMASARA TABLE OF CONTENTS: 1.0: INTRODUCTION……………………………………………………………………….. 3 1.1: Leasing………………………………………………………………………………….. 3 1.2: Definition of Terms……………………………………………………………………
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The notion of “fairness” is often the justification given for the government intervention in the market. Do you agree or disagree. 1.0 Introduction Fairness in the market can be defined as the equally distribution in the proportion of economic pie to every party. In the past‚ the economic prosperity is not uniformly allocated among the members of society. The wealthier will have a larger proportion of the economic pie whereas the poorer parties will only occupy a smaller part of the economic
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deductions from AGI Legal and accounting fees – may deduct if incurred in conduct of trade or business or for the production of income * Deductions for AGI if incurred in trade or business and any fees incurred in the determination or collection of taxes * All other legal and acct fees incurred by taxpayer are from AGI * Cannot deduct legal fees incurred in the acquisition of property (these are capitalized) Ordinary expense – reasonable in amount‚ bears reasonable and proximate relationship
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2/8/2014 Terms‚ Conditions & Disclosures By submitting this application‚ I certify that I have read‚ met‚ and agreed to all of the terms‚ conditions‚ and disclosures outlined below /as stated below ‚ w hich contain rates‚ fee and other important cost information. Print this page IMPORTANT INFORMATION REGARDING RATES‚ FEE‚ AND OTHER COST INFORMATION INTEREST RATES AND INTEREST CHARGES Annual Percentage Rate (APR) for Purchases 0.0% introductory APR for the first 15 months. After
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7) All of the following items are included in gross income except A) alimony received. B) rental income. (from rental property you own) C) interest earned on a bank account. D) child support payments received. 8) All of the following items are deductions for adjusted gross income except A) alimony paid. B) moving expenses. C) student loan interest. D) real estate taxes. 9) All of the following items are deductions from adjusted gross income except A) itemized deductions
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Netflix‚ Inc. Case October 2‚ 2011 1. Netflix‚ Inc. has several competitive advantages in the movie rental business. * The strongest advantage they have would be the comprehensive library of titles that they are able to offer to their customers. They have developed a strong relationship with top studios and distributors to enable them to offer a broad selection. Netflix’s is constantly adding new releases and carrying numerous copies of the popular titles. * High levels of customer
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