Employees of the valley country club are allowed to use the golf course without charge before and after working hours on mondays when the number of players on the course is at its lowest. tom, an employee of the country club, played 40 rounds of golf during the year at no charge when the nonemployee charge was $20 per round.
a. tom must include $800 in gross income.
b. tom is not required to include anything in gross income because it is a de minimis fringe benefit.
c. tom is not required to include the $800 in gross income because the use of the course was a gift.
d. tom is not required to include anything in gross income because this is a "no-additional-cost service" fringe benefit.
e. none of the above

Consider how health insurance affects the quantity of health care services performed. suppose that the typical medical procedure has a cost of $160, yet a person with health insurance pays only $40 out of pocket. her insurance company pays the remaining $120. (the insurance company recoups the $120 through premiums, but the premium a person pays does not depend on how many procedures that person chooses to undergo.) consider the following demand curve in the market for medical care. use the black point (plus symbol) to indicate the quantity of procedures demanded if each procedure has a price of $160. then use the grey point (star symbol) to indicate the quantity of procedures demanded if each procedure has a price of $40. q d at p=$160 q d at p=$40 0 10 20 30 40 50 60 70 80 90 100 200 180 160 140 120 100 80 60 40 20 0 price of medical procedures quantity of medical procedures demand if the cost of each procedure to society is truly $160, the quantity that maximizes total surplus is procedures. economists often blame the health insurance system for excessive use of medical care. given your analysis, the use of care might be viewed as excessive because consumers get procedures whose value is than the cost of producing them.

Which of the following is not a consideration when determining your asset allocation

Which law would encourage more people to become homeowners but not encourage risky loans that could end in foreclosure? options: offering first time homebuyers tax-free accounts to save for down payments requiring all mortgages to be more affordable, interest-only loans outlawing home inspections and appraisals by mortgage companies limiting rent increases to less than 2% a year