Finals Summary Quiz Answers - Finals Summary Quiz Answers...

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Problem Solving. ANSWER DIRECTLY. If applicable, round off all of your answers to 2 decimal points. 1 pt per item. Income from Partnerships 6780 Machinery Purchases 3200 Direct Government Purchases 5410 Rent 8990 Depreciation 1000 Corporate Profits 2130 Fringe Benefits 1230 Exports 2100 Social Security 1360 Consumption on services 8430 Government Spending 4680 Income from sole proprietorships 6780 Gross Investment 2100 Construction Investment 7210 Equipment Purchases 3450 Wages 10340 Imports 3200 Interest 5670 Consumption on durable and nondurable goods 4500 Finish the Table: Year GDP Deflator Nominal GDP Real GDP 2010 104.67 12560 12000 2011 109.21 13,580 12435 2012 107.36 14440 13,450 2013 112.81 15670 13,890 2014 109.89 15,780 14360 2015 102.68 20310 19780 2016 107.21 23050 21,500 Year 2014 Year 2015 Year 2016 P Q N P Q N R P Q N R Good A 1.3 45 58.5 1.5 50 75 65 1.8 58 104.4 75.4 Good B 2.6 34 88.4 2.9 40 116 104 3 43 129 111.8 Good C 3 24 72 3.7 27 99.9 81 4 29 116 87 Good D 1.2 78 93.6 1.3 83 107.9 99.6 1.4 90 126 108 Good E 2.7 20 54 3 26 78 70.2 3.1 30 93 81 366.5 476.8 419.8 568.4 463.2 Deflator 113.58 Deflator 122.71 Calculate for the total tax payable/refundable: (25) Mark is a single expat working for a multinational telecommunications company. He earns, 80,000 a month. Monthly Income 80,000 Multiplied by: 12 Annual Income 960000 Tax Exemption 50,000 Additional Exemption 0 Taxable Income 910,000 Tax on 125,000 Tax on excess 131,200 Tax due and payable 256,200 (26) Justin is a father of 7 children. 5 of his children are under 21; of the 5, 1 is married and is living with her spouse, 1 has a stable acting
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