Shanika lives in oregon which imposes a state tax on income. for 2019, shanika had the following transactions related to her state income taxes:

state taxes withheld in 2019 $ 3,500
state refund received in 2019 of 2018 tax 600
additional assessment paid in 2019 of 2017 tax 750

shanika plans to itemize on her 2019 return.
what amount of state and local taxes should shanika deduct in calculating itemized deductions for her 2019 federal income tax return?

The retained earnings account has a credit balance of $24,650 before closing entries are made. if total revenues for the period are $77,700, total expenses are $56,900, and dividends are $13,050, what is the ending balance in the retained earnings account after all closing entries are made?

Suppose there is a 6 percent increase in the price of good x and a resulting 6 percent decrease in the quantity of x demanded. price elasticity of demand for x is a. 0 b. 6 c. 1 d. 36

Suppose that a government that is skeptical of efforts to regulate prices charged by private companies is nevertheless concerned that an electric utility company is taking advantage of consumers with unfair pricing policies. which of the following policy options might most effectively enable the government to achieve its objectives in this situation? do nothing to all. turn the company into a public enterprise. use antitrust laws to increase competition. regulate the firm's pricing behavior.