A person who earns $50,000 per year donates $2,000 to charity. As a result, the state only taxes $48,000 of that person's income.This is an example of a _____.

Answers

Answer 1
Answer:

Final answer:

The scenario presented is an example of a Tax Deduction in the context of a progressive tax system, reducing the taxable income by the amount donated to charity.

Explanation:

The situation described in the question is an example of a Tax Deduction. A tax deduction reduces the amount of income that is subject to taxation. In this specific case, the individual earned $50,000, but because they donated $2,000 to charity, they were able to deduct this amount from their taxable income. Thus, they are only taxed on an income of $48,000. This principle is part of the federal income tax system, a progressive tax system which is set up such that individuals with higher incomes usually pay a larger share of their income in taxes than those with lower incomes.

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Answer 2
Answer: Itemised deduction, pays less for tax

Related Questions

HELP I AM BEING TIMED!!!!!Damell has an eye for detail and is good at drawing realistic pictures. His friend Riannon is very good with herhands and at following directions to assemble materials. Considering Damell and Riannon's skills, how would theybest fit into careers in architecture and construction?Damell is bemer fit for work in construction, while Riannon is better fit for work in architecture.O Riannon is better fit for work in construction, while Damell is better fit for work in architecture.Both Damell and Riannon would be more successful in architecture than in construction.O Both Damell and Riannon would be more successful in construction than in architecture.
How does a country's GDP help you determine if its economy is strong or weak?
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rental apartments and private homes are examples of what? complementary goods, alternativebgoods, neutral goods, simultaneous goods
1. A market where tenants negotiate rent and other terms with property owners or their managers is referred to as a: a. Property market. b. User market. c. Housing market. d. Capital market.

An entrepreneur takes a risk to create a new product or a better way to operate a 4. a. True
b. False

Answers

It is true :) :) :) like if this helped 

Answer:

ture

Explanation:

Slide presentations are user friendly for which of the following reasons?A. Videos, the main source of media for today's youth, can be easily put into a slide presentation.
B. Since they are sequential, they help users stay on track during a presentation.
C. They can be created and stored with all varieties of free software.
D. All slide programs look and function alike.

Answers

Answer:

The reason appropriate for the slide presentation to be user friendly is:

Option C. They can be created and stored with all varieties of free software.

Explanation:

Slide presentations are the visual way to present thoughts or deliver a project. It is prepared using Microsoft Powerpoint. There are various tools that help the user to prepare the slide presentations. But, the most appropriate reason which makes the slide presentation user-friendly is that it can be created and stored with all varieties of free software excluding the Mircosoft Powerpoint.

Reason for other options:

  • Option A, is incorrect as putting videos in the slide presentation is not user-friendly, the operator needs to know all the tools for inserting and playing the video in sync with the presentation.
  • Option B is incorrect as although the slide presentations are sequential, but if the speaker wants to go back to the previous slide then he needs to stop entire presentation for this.
  • Option D is incorrect as all slide programs' looks and functions are never alike.

Therefore, the most appropriate reason for the slide presentation to be user-friendly is that it can be created and stored with all varieties of free softwares.

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You open a clothing business and have to pay rent even if you do not produce any clothing. Rent is a _____. fixed cost variable cost profit

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Rent is a fixed cost. Regardless of if you produce any clothing, you are still using that building to make the clothes. Even if you aren't making any clothes, but you are still occupying the building, you will have to pay the rent. The rent is based on the building, not the clothes.

Answer:

You open a clothing business and have to pay rent even if you do not produce any clothing. Rent is a fixed cost.

Indicate how each of the following developments would affect the supply of money, the demand for money, and the interest rate. development effect on... supply of money demand for money interest rate the fed’s bond traders buy bonds in open-market operations. an increase in credit-card availability reduces the cash people hold. the federal reserve reduces banks’ reserve requirements. households decide to hold more money to use for holiday shopping. a wave of optimism boosts business investment and expands aggregate demand.

Answers

1) The Fed's bond traders buy bonds in open-market operations.
- Increase supply of money
-Decrease demand for money
2) Increase in Credit Card availability reduces the cash people hold
- Increase supply of money
- Decrease demand for money
3) The federal reserve reduces banks' reserve requirements 
- Decrease supply of money
- Increase demand for money
4) Households decide to hold more money to use for holiday shopping.
- Decrease supply of money
- Increase demand for money
5) A wave of optimism boosts business investment and expands aggregate demand. 
- Increase supply of money
- Decrease demand for money 

Which statement is true about Responsive Display Ads? a. The ads adjust to available screen space when delivered. b. The ads can meet exact branding requirements. c. They offer the advertiser more creative control than uploaded ads. d. The ads can be manually uploaded.

Answers

Answer:

a. The ads adjust to available screen space when delivered.

Explanation:

"Responsive Display Ads" are considered the default format being used by Google Ads. This allows the advertiser to have more creativity when it comes to controlling their ads. Through the "machine learning technology," an artificial intelligence tool, the computer is able to learn about the things that correlate to the buying ability of the user. This will then automatically display the things or products which the users want.

The ads are capable of adjusting in order to fit any size, appearance or format. This means that they can adjust to available screen space. This is the reason why you can see one advertisement of a product as a banner while the other as a text.

So, this explains the answer.

Option a. The ads adjust to available screen space when delivered, which is the only valid statement concerning Responsive Display Ads. As a result, the answer is a.

Responsive Display Ads are a sort of display ad that adapts its size, style, and format to match almost any available ad space. This makes them an excellent alternative for marketers that want their commercials to be seen by as many people as possible, regardless of ad space size or type.

Therefore, Responsive Display Ads are a strong tool for marketers to reach a larger audience and increase their effectiveness. However, before employing them, it is critical to recognize their limits.

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If the dollar appreciates, perhaps because of speculation or government policy, then U.S. net exports Group of answer choices increase which shifts aggregate demand right. increase which shifts aggregate demand left. decrease which shifts aggregate demand right. decrease which shifts aggregate demand left.

Answers

Answer: decrease which shifts aggregate demand left

Explanation:

Net exports is calculated when the value of a nation's total imports is deducted from the value of the nation's total exports.

When the dollar appreciates, perhaps because of speculation or government policy, then U.S. net exports decrease which shifts aggregate demand left. This is because due to the appreciation, goods that are made in other countries, that's the import will become cheaper and import rises while export reduces.