Herger corporation does business in california, nevada, and oregon and has income tax nexus in these states as well. herger’s california state tax base was $921,023 after making the required federal/state adjustments. herger’s federal tax return contains the following items: item

amount

federal t-note interest income

$
5,900

nevada municipal bond interest income

$
3,690

california municipal bond interest income

$
5,500

interest expense related to t-note interest income

$
1,540

royalty income

$
181,000

travel expenses

$
10,100

determine herger’s california business income.

answer; personality;

answer decisions made by individual households and firms;

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.

false! basically!

i hope i'm correct.