Problem 301
(a) In Problem 200, suppose that Bruno filed his tax return and paid his tax owing on
September 1, 2016. Show with paper and pencil the amount of the late filing penalty.
Calculate this amount with paper and pencil, and then do the same calcul

Solution for Problem 301
Part (a)
Brunos tax return was due on June 15, 2016. The extra time beyond the normal April 30
deadline is available because Bruno has business income. The penalty is 5% of the tax unpaid on
April 30 plus 1% per full month that fi

Application to Participate in an International Study Trip 2017
Date _
Name: _ Student ID#: _
Academic Term: _
The School of Accounting and Finance is offering an International Study Trip as a for credit program for
selected AFM, Math/CPA, CFM, and BioTech

Friday September 16, 2016
Tutorial #1 Extra Problem
Since he was a young boy, Frank Williams (born on June 17, 1974 with SIN 444 980 791 and address 17
Albert Street, For McMurray, Alberta, G4A 5Y7) always had a dream of one day opening up his own electro

Lecture #8
Some Applications of Demand Theory Some Applications of Demand Theory
1. Deriving an Individual Workers Labour Supply Curve A workers supply curve can be determined once they can report how much pp labour they are willing to offer at each conce

LECTURE 7 The Slutsky Equation (continued)
E. Giffen Goods as a (Very) Special Case If good X is SO inferior that its income effect more than offsets the (opposite) substitution effect then the total effect is positively related to the price change (price

LECTURE 6: Consumer Equilibrium (continued)
Recall from last class
Y
H
The necessary condition is sufficient only when the ICs are convex to the origin We can verify the ICs are convex to the origin. We can verify that if indifference curves are concave,

LECTURE 5: Indifference Curves Theory Some assumptions 1. Axioms of Consumer Behaviour
RATIONALITY: The consumer acts in such a manner as to maximize total utility. The consumer acts in such manner as to maximize total utility COMPLETE ORDERING: The consu

LECTURE 4: Consumer Behaviour: Cardinal Utility Theory We will consider two theories of demand (cardinal utility theory and indifference curve theory). Both of these theories are built on the assumption that consumers act in their own best interests so as

LECTURE #2: Income Elasticity of Demand (eI)
Definition: eI = % in Q = Q _I_ % in I I Q If eI > 0 then we have a normal good.
eI > 1 means a luxury good. eI < 1 means a necessity. means necessity
If eI < 0 then we have an inferior good. Engel Curves: An E