42,750 = gross income standard deduction reduces your taxable income - 5700.00 exemption acts like a tax deduction, reducing taxable income - 3650.00 IRA contributions are tax deductible - 537.56 donating to charity is tax deductible - 918 mortgage interest payments are tax deductible - 1351.35 income NOT taxable - 5700 + 3650 + 537.56 + 918 + 1351.35 = 12,156.91. 42,750.00 - 12,156.91 = 30,593.09 <---taxable income I think I did this correctly, but just in case, you might want to get a second opinion :)
Dancer wasn't thinking question because he needed things to do
Answer:
Instructions are listed below
Explanation:
Giving the following information:
For each of the following, indicate the possible effects on demand, supply, or both as well as equilibrium price and quantity of chocolate ice cream.
a. A severe drought in the Midwest causes dairy farmers to reduce the number of milk-producing cattle in their herds by a third. These dairy farmers supply cream that is used to manufacture chocolate ice cream.
Demand: decreases (because of the higher price)
Supply: restrains.
Equilibrium price: rises
Equilibrium quantity: decreases
b. A new report by the American Medical Association reveals that chocolate does, in fact, have significant health benefits.
Demand: increases
Supply: increases
Equilibrium price: rise
Equilibrium quantity: increases
c. The discovery of cheaper synthetic vanilla flavoring lowers the price of vanilla ice cream.
Demand: decreases
Supply: decreases
Equilibrium price: decrease
Equilibrium quantity: decrease
d. New technology for mixing and freezing ice cream lowers manufacturers' costs of producing chocolate ice cream.
Demand: remains
Supply: increase
Equilibrium price:
Equilibrium quantity:
All of them it was a really hard time