Tarik, a Single Taxpayer, Has AGI of $55,000 Which Includes

question 2124

Multiple Choice

Tarik, a single taxpayer, has AGI of $55,000 which includes $1,000 of qualified dividends. Tarik does not of itemize deductions. What is his 2018 federal income tax?

• A) $5,550
• B) $5,400
• C) $5,330
• D) None of the above.

Illustrate how external benefits influence the socially optimal level of good or service provision.

Explain the rationale and effects of emissions taxes and tradable emissions permits.

Understand the effects of positive externalities on the level of production and consumption in the absence of government intervention.

Understand the characteristics of monopolistic competition, including product differentiation and market entry/exit conditions.

---

Definitions:

Consumption Bundle

A combination of goods and services that a consumer chooses to consume.

Subsidy

Financial support given by the government or a public body to assist an industry or business so that the price of a commodity or service may remain low or competitive.

Housing

Refers to the construction and assignment of houses or buildings for the purpose of providing shelters or places to live.

Income

The money received by an individual or business in exchange for labor, services, or investments over a given period.