How does the tax benefit rule apply in the following cases? a. in 2017, the orange furniture store, an accrual method sole proprietorship, sold furniture on credit for $1,000 to sammy. the cost of the furniture was $600. in 2018, orange took a bad debt deduction for the $1,000. in 2019, sammy inherited some money and paid orange the $1,000 he owed. orange’s owner was in the 35% marginal tax bracket in 2017, the 12% marginal tax bracket in 2018, and the 35% marginal tax bracket in 2019.

The interaction of individual choices because a type of fish is on the verge of extinction, the government imposes rules that prohibit fishing in the publicly owned spawning grounds. at first owners of fshing bouts complain about this restriction on where they can fish, but soon they notice that the number of adult fish swimming outside the protected area is much higher than it was before. with the restriction, each fishing boat ends up catching more fish than it did before the r which of the following principles of economic interaction best describes this scenario? o there is a tradeoff between equality and efficiency o markets usually lead to efficiency. o when markets do not achieve efficiency, government intervention can improve overall welfare o markets allocate goodseffectively