Scenario 1 In 2007-09, the U.S. economy went through its worst economic downturn in 30 years. As a consequence of the sharp increase in the price of housing in the U.S. in the mid-2000s, a rapid increase in the demand for oil drove up oil prices. Additionally, the collapse of the housing market, which led to Lehman Brothers' bankruptcy, generated a financial crisis that reduced private spending. Refer to scenario 1 and question 68. In February 2009, the Congress approved the American Recovery and Reinvestment Act (ARRA) put forward by President Obama, consisting of US$ 78 billion in fiscal stimulus. Starting from the equilibrium at point B, how did the ARRA affect the economy? O The fiscal stimulus reduced government expenditure, shifting the AD curve to the right. The fiscal stimulus increased government expenditure, shifting the SRAS curve to the right. O The fiscal stimulus increased government expenditure, shifting the AD curve to the right. The fiscal stimulus reduced government expenditure, shifting the SRAS curve to the right.

What are standard deductions?

What are the Revenue projects?

A $700 laptop has 10% tax. Find the total amount due.

QUESTION 6 Money can be saved and used later. True False

Jose buys a motorcycle for 125,000 and plans to keep it for 10 years after which it will be sold for some amount if tge motorcycle depreciates by 10,500 every year how much is the book value of the motorcycle on its 7th year?

QUESTION 20 You need to retain physical proof of your income and expenses in case the IRS questions the accuracy of your tax return. O True O False

Explain ZONING AND LAND USE?

So what does it look like if it is right after the tax year?

A device that cost 50000 at the start of the year lose 10% of its value each year. find out how much a book is worth when is 10 years old