Business, 05.05.2020 17:04 levicorey846
Cazenovia is in the midst of a bad? recession, and its Congress has placed economic recovery at the top of its political agenda. Different expansionary fiscal policies are currently being? examined, but members of Congress are aware of the problems associated with? large, sustained government deficits and will not accept any proposal that increases the deficit by more than
?$4 million.
After lengthy? discussions, these are the final? proposals:
Plan? A: Spend$4 million on highways
Plan? B: Reduce taxes by $4million
Assume the economy of Cazenovia is characterized by the following four equations in the short? run:
Y
?=
C? + I? + G? + NX
I
?=
I0
? (a constant)
C
?=
C0
? +
CY?(Yminus?T?)
NX
?=
0
where
C0
? =
4040
and
CY
? =
0.750.75.
Using the government expenditure multiplier from the simple model presented in the? chapter, the plan to spend
?$4 million on highways will increase Y? (GDP) by ?$___ million.? (click the following icon for help answering this? question)
Using the government taxation multiplier from the simple model presented in the? chapter, the plan to reduce taxes by
?$4 million will increase Y? (GDP) by
?$ million. ? (click the following icon for help answering this? question)
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The plan that appears to be the most effective in achieving? Congress's goal is to? .
A.
reduce taxes by
?$44
million.
B.
spend
?$44
million on highways.
C.
both are equally effective.
D.
neither achieves the goal of Congress.
Answers: 1
Business, 22.06.2019 15:20, babyduck0664
Martinez company has the following two temporary differences between its income tax expense and income taxes payable. 2017 2018 2019 pretax financial income $873,000 $866,000 $947,000 (2017' 2018, 2019) excess depreciation expense on tax return (29,400 ) (39,000 ) (9,600 ) (2017' 2018, 2019) excess warranty expense in financial income 20,000 9,900 8,300 (2017' 2018, 2019) taxable income $863,600 $836,900 $945,700(2017' 2018, 2019) the income tax rate for all years is 40%. instructions: a. prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2017, 2018, and 2019. b. assuming there were no temporary differences prior to 2016, indicate how deferred taxes will be reported on the 2016 balance sheet. button's warranty is for 12 months. c. prepare the income tax expense section of the income statement for 2017, beginning with the line, "pretax financial income."
Answers: 3
Business, 22.06.2019 21:00, graysonisok
Noah met an old friend at a coffee shop. he jotted down the friend's new phone number, but later that afternoon he could not find it or remember what he had done with it. a couple of days later, noah went back to the coffee shop, and while waiting in line, he suddenly remembered where he had put the phone number. this is an example of:
Answers: 1
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