b. in the period that income taxes are paid
c. when it is earned.
d. at the end of the month.
C. When it is earned. The revenue recognition principle is one of the basic concepts of accounting. It is the principle behind the accrual method of accounting and matching principle. Revenue recognition states that revenue is recorded when they are realized, realizable or earned. Normally, it is when the goods have already been delivered or when the service has already been rendered regardless of when the cash is received.
Answer:
SEP-IRA
Explanation:
It's a retirement savings plan made by employers including people that are self-employed for the benefit of their employees and themselves. The employer may make tax-deducible contributions for certain employees towards their SEP-IRA
Public goods are typically provided by the state because they possess two key characteristics: non-excludability and non-rivalry. Non-excludability means that once the good is provided, it is difficult to exclude anyone from benefiting from it. Non-rivalry means that one person's use of the good does not diminish its availability for others.
Public goods are underprovided in the free market due to the free-rider problem. This occurs when individuals can benefit from the public good without contributing to its provision. Since people have no incentive to pay for something they can enjoy for free, private businesses may not have the motivation to produce public goods.
Therefore, state provision of public goods is necessary to ensure their provision and availability to everyone in society. Governments can use taxation and public funding to finance the production and maintenance of public goods, ensuring that they are accessible to all members of society.
B) The housing industry is not a big part of the economy.
C) No one really knows how many building permits are issued in the U.S. each month.
D) The total net housing wealth was less than 1 billion dollars in 2006.