The Standard Deduction in 2015 for a Married Couple, Under

question 16

True/False

The standard deduction in 2015 for a married couple, under 65 and not blind, is $12,600.

Apply the concept of net present value (NPV) and the use of discount factors in evaluating the viability of projects.

Calculate and interpret the total cash flow net of income taxes for different years of a project’s life.

Understand the impact of depreciation on cash flows and tax liabilities in capital budgeting decisions.

Analyze the effects of one-time costs such as equipment purchases and renovation costs on the financial outcomes of projects.

---

Definitions:

Money Supply

The entire pool of monetary assets at a specific point in an economy's timeline.

Aggregate Demand

The aggregate bid for all goods and services in an economy, pegged at a given price level throughout an agreed-upon time period.

Price Expectations

Anticipations or forecasts by consumers and businesses about future prices, which can influence their current buying and selling decisions.

Short-run Aggregate Supply

The total supply of goods and services that firms in an economy plan on selling during a short time period, taking into consideration the price levels of the market.