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Where necessary you will need to support the tax return using spread sheets, databases and internet information. In completing this activity you must show that you can apply statute, regulation and precedent to a client's circumstances, develop options to resolve client related taxation matters and plan and sequence your work correctly. This will involve conducting research and making appropriate notes for submission to your assessor. What other information would you need to gather and how would it be used? How would you verify your data and ensure compliance? Are there any extra client related taxation matters that might need to be addressed? Explain.
Suppose a liquidity trap exists and current output is below its natural level.(i.e. an economy is currently operating at the zero nominal interest rate) can this economy return to its natural level automatically? if it can not, explain the mechanism ..
The marginal propensity to consume in an economy is 0.8. If the price level is fixed, a $400 increase in net exports would be expected to increase real GDP by how much?
The price elasticity of demand for imported mineral water is estimated to be ?0.20 over a wide interval of prices. The federal government decides to raise the import tariff on foreign mineral water, causing its price to rise by 20 percent.
Which of the following is a leakage from the circular flow?
Jane obtains utility W1/2 from wealth W. Jane has $100, but there is a 25% chance she will require surgery which costs $64. Sketch this utility function, indicating the values of Jane’s wealth if she does and if she does not need surgery. calculate t..
Is there some summary article on using variation in US bequest taxation as natural experiments? Has there been variation over time or over different states? Is there perhaps a paper that already has used this?
If nominal GDP in some year is $280 and real GDP is $160. The GDP price index for that year is.
Explain the relationship between one's beliefs about whether the minimum jobs program presented in the chapter actually solves the unemployment problem and one's normative view of responsibility for unemployment.
The following are hypothetical data for the U.S. balance of payments. Use the data to calculate each of the following:
For a repayment schedule that starts at EOY three at $Z and proceeds for years 3 through 8 at $2Z, $3Z,..., what is the value of Z if the principal of this loan is $10,200 and the interest rate is 9% per year? Use a uniform gradient amount (G) in you..
Recommend appropriate pricing and nonpricing strategies for your new or existing good or service based on the projected economy’s stage in the business cycle and the prevailing projected economic conditions for one or more macroeconomic factors. Expl..
Other things remaining the same, what would happen to the supply of a particular commodity if the following changes occur?
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