Nancy Yamasaki is a Chief Financial Officer for GoMax Corp. She is single (no children), age 45, and lives at 826 Vista Drive Street in San Carlos, CA 94025. Her social security number is 555-86-1212. Her W-2 for 2016 reads as follows:
Earnings from GoMax Corp.: $188,000 (this is net of medical premiums)
2016 Federal Income tax withheld: $40,000
2016 State Income tax withheld: $18,000
Nancy’s other income is as follows: interest of $3,000 from a CD at Bank of America and interest of $3,750 from corporate bonds issued by PG & E. She also earned $32,000 of tax-exempt private activity bond interest.
Nancy also has the following payments and written proof of each of them:
Home mortgage interest (acquisition mortgage) $42,210 (debt amount is under $1 million)
Home equity loan interest $7,000 (debt amount is under $100,000)
Credit card interest $2,950
California auto registration value based property tax ( i. e. the deductible part) on her 2012 sports cars $770
Auto Insurance Premium $1,770
State Income taxes paid in April 2016 (for the 2015 California tax return) $17,150
Federal income taxes paid in April 2016 (for the 2015 Federal return) $2,990
Property taxes on her home $11,260
Medical insurance premium withheld from salary $2,740
Other medical expenses (i. e. prescriptions, doctor co-pays, legitimate stuff) $1,025
CPA tax preparer fees to handle 2012 IRS audit (no extra tax was due) $9,100
Charitable contributions:
American Cancer Society $2,000
University of California, Berkley $12,000
Esperanza Orphanage ( a charity incorporated in Chile) $500
Required: Complete Nancy’s federal tax return for 2016. You will prepare and turn in Form 1040, Sch. A, Sch B and Form 6251. No California tax return is required.

Part three of three how are exchange rates determined in a flexible exchange rate system? us dollar compared to the pound inflation and deflation us dollar compared to the euro supply and demand read the statement. country a is running a trade deficit. what must country a do to reverse this trend? it must hire more workers to increase products for export. it must continue the course it is currently following. it must print more money so people will spend more. it must increase trade exports with other countries. what are consequences of a weak dollar? (select all that apply.) increase in the cost of exports unemployment in import industries increase in the cost of imports unemployment in export industries which is an example of regional cooperation to promote economic growth? neighboring countries negotiate tariffs and duties regarding trade. neighboring countries sign a pact to limit immigration into their countries. neighboring countries remain separate but work together to promote peace. neighboring countries set up quotas on resources that can be sold. why would wealthy nations have an interest in the development of poor nations? (select all that apply.) it opens up new markets for goods and services. it leads to migration between the countries. they want to improve tariff revenues with imports. they feel an ethical or moral obligation to do so. how can the world bank developing nations economically? it can work to remove serious health problems so resources can shift to economic growth. it can provide loans to developing countries to build new infrastructures. it can protect and negotiate free trade deals between neighboring nations. it can sell medical drugs and other treatments to clinics at a very low cost, saving the patients money. which is a characteristic of the takeoff stage of rostow's five stages of economic growth? the population as a whole has its basic needs met and enjoys a high standard of living focused on consumer goods. advancements in technology require a skilled labor force competent in electronics, medicine, and engineering. a country begins to grow rapidly and new industries start to emerge that drive further economic development. the labor of a country is unskilled and focuses on agricultural production, animal husbandry, and the harvesting of timber. how can a developing nation improve its economy if it lacks natural resources? it can default on loans owed to foreign banks. it can place high tariffs on all of its imports. it can engage in international trade. it can flood foreign exchange markets with its currency. how might developing countries obtain funding? (select all that apply.) they can obtain financial assistance from world bank. they can attain microloans from neighboring countries. they can gain loans from private investors. they can acquire grants from foreign countries. what reasons do protectionists cite most for restricting trade? (select all that apply.) to protect national security and prohibit us reliance on other countries to protect us taxpayers from increased income and corporate tax rates to protect us infant industries that tend to have high production costs to protect us jobs due to cheap labor in other countries