In any given week, Anne receives satisfaction only from the consumption of goods and from the consumption of leisure L, which is measured in hours. Obviously, Anne consumes many different types of goods, but for simplicity we aggregate the dollar value of all the goods that she consumes during the week and call it C. Assume that if Anne chooses to work, the hourly wage rate is w=8 and she has to sleep 8 hours per day. (Sleeping time is not considered leisure.) Potentially, if she wants, she can work up to 7 days a week. If Anne chooses to devote 0 hours to leisure during the week, how much can she consume? C = If Anne chooses to devote all available hours (except those she has to sleep) to leisure during the week, how much can she consume? C = If Anne chooses to devote 27 hours to leisure during the week, how much can she consume? C = Suppose w = 5 and the government gives Anne a subsidy of $300. She receives this money unconditionally, regardless of how many hours she works. We define Anne's budget set over bundles of C and L, i.e. (C,L). Placing C on the horizontal axis and L on the vertical axis, depict Anne's budget set. The outer boundary of Anne's budget set has a kink at (C,L)=(300, (fill in the blank) Suppose w = 5 and the government gives Anne a subsidy such that her consumption is at least $300. That is, if she does not work at all, the government gives her $300. If she works enough to earn some d dollars towards consumption, the government gives her $300-d. If she works enough to earn d≥ 300, the government does not give her anything. We define Anne's budget set. over bundles of C and L, i.e. (C,L). Placing C on the horizontal axis and L on the vertical axis, depict Anne's budget set. The outer boundary of Anne's budget set has two kinks. One kink - the one with the higher L of the two - is at (C,L)=(300) (fill in the blank) ... while the other kink - the one with the lower L of the two is at is at (C,L)=(300,) (fill in the blank).....

Question 1 Use the numbers below for questions #1-3. Filing Status: Single Total Income: $73, 883 Income Adjustments: $0 Itemized Deductions: $14,239 What is the Adjusted Gross Income for this individual?

13) Property that is titled as “joint tenants” allows for: a. the property to pass outside of the probate process to a surviving joint ownerr b. tenants to remain in a leased property if the lessor dies. c. the decedent’s interest in the property to avoid inclusion in his or her estate for estate tax purposes. d. a distribution to the joint survivor that is recognized as taxable income.

3. ood and most ancilsumammoss ewans oy bouo Seszneuxa anauort at bofovab ed. asa emooni viridnomjorts Carissa wishes to borrow $280,000. Lender A qualifies her for a rate of 4.59% Lender B will give her 3.29% for a 20-year loan. Excluding taxes, amount of the loan payment for each. Round goizuol ont of animosaA to our worl 000 822 over a 30-year and term, all other charges, find the insurance and your answer to the nearest whole dollar.