In each of the following independent cases, indicate the amount (1) deductible for agi, (2) deductible from agi, and (3) deductible neither for nor from agi before considering income limitations or the standard deduction. (leave no answer blank. enter zero if applicable.)
a. ted paid $87 rent on a safety deposit box at the bank. in this box he kept the few shares of stock that he owned.
b. tyler paid $154 for minor repairs to the fence at a rental house he owned.
c. timmy paid $775 for health insurance premiums this year. timmy is employed full-time and his employer paid the remaining premiums as a qualified fringe benefit.
d. tess paid $1,880 of state income taxes on her consulting income.

answer; /// the above statement is (true);

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

the answerr would be 1