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During 2016,Mark's employer withheld $2,000 from his wages for state income tax.Mark claimed the $2,000 as an itemized deduction on his 2016 federal income tax return.His total itemized deductions for 2016 were $9,000.Mark's taxable income for 2016 was a negative $20,000 due to substantial business losses.Mark received the $2,000 as a refund from the state during 2017.What amount must Mark include in income in 2017?
Bilateral Trade Agreements
A trade agreement between just two countries.
Most Favored Nation Clause
A clause applying to members of WTO which states that any deal reached between WTO member countries extends to every other member as well.
Mercantilism
An economic theory and practice dominant in Europe from the 16th to the 18th century, advocating that a nation's prosperity depends upon its supply of capital, and that the global volume of international trade is "unchangeable."
David Hume
David Hume was an 18th-century Scottish philosopher, historian, economist, and essayist known for his influential contributions to empiricism, skepticism, and naturalism in philosophy.
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