Economics is a complicated subject matter most people do not comprehend entirely. According to Colander (2010)‚ economics is the study of how human beings manage their wants and desires. Buyers based their wants and needs on marginal costs and marginal benefits. Sellers based their supply production on the consumer demand shift‚ and seller set their prices according to the demand change. That is just some of the basics of economics. There are two types of economic structure: macroeconomics and
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on subsequent disposition. I.e. transferred loss cannot create/increase a loss on subsequent disposition by the related party purchaser. 4. Primary personal use rental property: Limited Deductions re: allocable expenses to rental income i.e. TP can’t deduct a loss but‚ TP can always deduct the full amount of his/her real estate taxes and mortgage interest on the property Treat as “Primarily Personal Use” if personal use is: More than 14 days or 10% of the number of days rented‚ whichever is
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Purchasing a Home Buying a house for most is the American dream‚ but with today’s economy many people are unsure if the dream can be obtained. The main concern for most people would be the financial responsibility. Many people believe that the financial responsibility is overwhelming and they are just not ready. Although some people believe they are not financially ready to purchase a home‚ buying a house is a better option than renting an apartment for three main reasons. First‚ becoming a first
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fully employed. For this economy the supply of capital and labour are 10000 and 50625 respectively. In addition‚ labour’s share of output is equal to three quarters. Initially‚ the government collects one-eighth of the economy’s output as (income) taxes‚ and the size of
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have many advantages over the traditional local stores taxes are not the only disadvantages they have there is also other operational expenses like rental of showrooms‚ storage‚ utilities‚ distribution cost‚ payroll‚ advertising; but small mom and papa shops also are competing with Warehouse clubs and superstore giants like Walt-mart; there is no a legal way to level the playing field for all the disadvantages. However paying sales taxes in all goods and services is the law and there should not
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| | 1) Villar ‚ Michelle No Check-In | Baggage PNR JYRFUA - Page 1 of 3 | Total Price PHP 1‚200.00 Fare .00 Fuel Surcharge 300.00 Security Fee 15.00 CEB Terminal Fee 200.00 VAT 37.80 Service Fees (including taxes) 647.20 Total Paid PHP 1‚200.00 | MS Michelle Villar Lapu-Lapu St. Baclaran Paranaque City 1702 PHILIPPINES | Check-in counters open 2 hours before departure and close strictly 45 minutes prior to scheduled departure time. For all
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BuyGasCo Corporation: The Use of Alternative Costing Methods in a Predatory Pricing Lawsuit 1 BACKGROUND2 BuyGasCo Corporation (BuyGasCo) is a major national chain of retail motor fuel (gasoline) service centers. This privately held company is very successful and has been in existence for 35 years. The service centers‚ owned and operated by BuyGasCo‚ are straightforward and typical of those in the industry. The main function of these service centers is to sell gasoline. The company sells three types
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property‚ excluding both of the following: a. Contingent rentals b. Any guarantee by the lessee of the lessor’s debt and the lessee’s obligation to pay (apart from the rental payments) executory costs such as insurance‚ maintenance‚ and taxes in connection with the leased property.” The nature of the legal counseling fee $500‚000 is similar to the executory cost—to make sure the whole process of the lease legally‚ just like paying taxes or buying insurance to avoid trouble from government and
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8. The Federal estate and gift taxes are examples of progressive taxes. True False 9. The Federal excise tax on cigarettes is an example of a proportional tax. True False 10. Currently‚ the Federal income tax is more progressive than it ever has been in the past. True False 11. Mona inherits her mother’s personal residence‚ which she converts to a furnished rent house. These changes should not affect the amount of ad valorem property taxes levied on the properties. True
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reasonable to ask the extent to which professional sports serve to promote local economic development. Who Gains Benefits from Funding? When cities‚ counties‚ or states agree to help pay for a new stadium‚ whether via direct financing‚ tax breaks‚ or taxes to directly pay for them‚ all government groups are actively deciding to use their scarce resources to further millionaires at the
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