Tyler holdlong owns a small retail property that he inherited from his father. there are no mortgages or interest expenses connected with the property. tyler takes an annual cost recovery expense of $3,000. the property has a monthly gross income of $3,500 and monthly operating expenses of $1,100. tyler's taxable income from this property will be taxed at a rate of 25%. what is the tax liability for the year?
a. $10,500b. $7,950c. $7,200d. $6,450

In a macroeconomic context, what are implicit liabilities? money owed to people possessing government issued bonds. the amount of money that firms collectively owe to shareholders. money that the government has promised to pay in the future. payments that the federal government undertakes only during periods of recession. which of the choices is a significant implicit liability in the united states? military spending education spending national science foundation spending social security

While on vacation in las vegas jennifer, who is from utah, wins a progressive jackpot playing cards worth $15,875 at the casino royale. what implication does she encounter when she goes to collect her prize?

Which represents a surplus in the market? a market price equals equilibrium price. b quantity supplied is greater than quantity demanded. c market price is less than equilibrium price. d quantity supplied equals quantity demanded.