On Dec. 15, 2020, Julie’s Tax Prep, a cash-method taxpayer, prepaid $5,000 worth of deductible interest on a business loan. The interest won’t accrue until January 2021. Julie’s Tax Prep will be displaying for the first time at a trade show in July 2021. On Dec. 16, 2020, Julie’s prepaid the $7,000 trade show booth rental expense. The payment isn’t due until May 2021, and use of the booth will occur in July 2021. In addition, on Dec. 28, 2020, Ed’s Equipment repaired some equipment in Julie’s office and billed Julie’s $2,000. Julie’s received the invoice on Dec. 28, 2020 and paid the $2,000 invoice on Jan. 29, 2021. How much of the $14,000 in deductible business expenses may Julie’s Tax Prep deduct in 2020?

Awidower devised his fee simple interest in his residence as follows: “to my daughter for life, then to my oldest grandchild who survives her.” at the time of the widower’s death, he was survived by his only two children, a son and a daughter, and by one grandchild, his daughter’s son. a short time later, the daughter together with her son entered into a contract to sell the residence in fee simple to a buyer. the applicable jurisdiction continues to follow the common law rule against perpetuities, but has abrogated the rule in shelley’s case. at the closing, the buyer refused to purchase the residence. can the sellers compel the buyer to do so?

Assume that the following conditions exist: a. all banks are fully loaned up- there are no excess reserves, and desired excess reserves are always zero. b. the money multiplier is 5 .     c. the planned investment schedule is such that at a 4 percent rate of interest, investment =$1450 billion. at 5 percent, investment is $1420 billion. d. the investment multiplier is 3 . e.. the initial equilibrium level of real gdp is $12 trillion. f. the equilibrium rate of interest is 4 percent now the fed engages in contractionary monetary policy. it sells $1 billion worth of bonds, which reduces the money supply, which in turn raises the market rate of interest by 1 percentage point. calculate the decrease in money supply after fed's sale of bonds: $nothing billion.

Given the following information about the closed economy of brittania, what is the level of investment spending and private savings, and what is the budget balance? assume there are no government transfers. gdp=$1180.00 million =$510.00 million =$380.00 million =$280.00 million