Which of the following activities would be considered tax avoidance?
a. increasing your level of charitable contributions in December
b. selling illegal drugs on the street
c. underestimating your income that is subject to taxation
d. failure of a waitress to report all tips earned on the job
e. buying a house and neglecting to deduct interest payments
A
You might also like to view...
Assume that the expectation of declining housing prices cause households to reduce their demand for new houses and the financing that accompanies it. If the nation has highly mobile international capital markets and a flexible exchange rate system, what happens to the quantity of real loanable funds per time period and GDP Price Index in the context of the Three-Sector-Model?
a. The quantity of real loanable funds per time period rises, and GDP Price Index falls. b. The quantity of real loanable funds per time period falls, and GDP Price Index remains the same. c. There is not enough information to determine what happens to these two macroeconomic variables. d. The quantity of real loanable funds per time period falls, and GDP Price Index rises. e. The quantity of real loanable funds per time period falls, and GDP Price Index falls.
A decrease in human capital will increase output.
Answer the following statement true (T) or false (F)
Refer to the diagram. If eurozone nations decide to import more agricultural products from the United States, we would expect:
A. the demand for euros to increase and the euro to appreciate.
B. the demand for euros to increase and the dollar to appreciate.
C. the supply of euros to increase and the euro to depreciate.
D. the supply of euros to decrease and the dollar to depreciate.
Within perfect competition, an individual firm would not be able to affect ______ and is therefore known as a price-taker, yet a market as a whole can affect price by changing market output.
Fill in the blank(s) with the appropriate word.