•doreen has no special circumstances.
• sanja is paying a mortgage on a condominium. she paid $8,000 in mortgage interest and $950 in property tax during the tax year.
• ben bought new energy-efficient windows.
doreen sanja ben
gross income: 36,400 36,400 36,400
adjusted gross income: 36,400 36,400 36,400
deductions: 5,700 8,950 5,700
exemptions 3,650 3,650 3,650
taxable income 27,050 23,800 27,050
tax 3,635 3,155 3,635
tax credits 0 0 1,300
total federal income tax 3,635 3,155 2,335
1. which taxpayer received a tax credit that lowered the tax due?
2. (a) what was the value of that tax credit? (b) how did the taxes that taxpayer owed compare to the taxes owed by doreen? (c) based on these examples, which is better for a taxpayer—a deduction or a tax credit? why?
3. (a) which taxpayer itemized deductions? how can you tell? (b) what was the impact of itemizing on that taxpayer’s taxes?

If you want to compare two different investments, what should you calculate

Suppose that kenji, an economist from an am talk radio program, and lucia, an economist from a school of industrial relations, are arguing over health insurance. the following dialogue shows an excerpt from their debate: lucia: a popular topic for debate among politicians as well as economists is the idea of providing government assistance for health benefits. kenji: i think it is oppressive for the government to tax people who take care of themselves in order to pay for health insurance for those who are obese. lucia: i disagree. i think government funding of health insurance is useful to ensure basic fairness. the disagreement between these economists is most likely due to . despite their differences, with which proposition are two economists chosen at random most likely to agree? lawyers make up an excessive percentage of elected officials. minimum wage laws do more to harm low-skilled workers than them. tariffs and import quotas generally reduce economic welfare.

Which of the following best describes why you need to establish goals for your program?