Hansel and gretel, a married couple, manage apartments and they are required to live in the managers' apartment as a condition of their employment. instead of providing the apartment to hansel and gretel rent-free, the owner of the apartment building gives hansel and gretel a housing allowance of $600, which they use to pay rent on the managers' apartment. hansel and gretel pay $600 per month in rent. if they did not live in the managers' apartment, hansel and gretel could live in another apartment building where they would only pay $500 in rent. what amount, if any, must be included in hansel and gretel's gross income?

In year 1, the bennetts' 25-year-old daughter, jane, is a full-time student at an out-of-state university but she plans to return home after the school year ends. in previous years, jane has never worked and her parents have always been able to claim her as a dependent. in year 1, a kind neighbor offers to pay for all of jane's educational and living expenses. which of the following statements is most accurate regarding whether jane's parents would be allowed to claim an exemption for jane in year 1 assuming the neighbor pays for all of jane's support? a. no, jane must include her neighbor's gift as income and thus fails the gross income test for a qualifying relative. b.yes, because she is a full-time student and does not provide more than half of her own support, jane is considered her parent's qualifying child. c.no, jane is too old to be considered a qualifying child and fails the support test of a qualifying relative. d.yes, because she is a student, her absence is considered as "temporary." consequently she meets the residence test and is a considered a qualifying child of the bennetts.

What impact might an economic downturn have on a borrower’s fixed-rate mortgage? a. it might cause a borrower’s payments to go up. b. it might cause a borrower’s payments to go down. c. it has no impact because a fixed-rate mortgage cannot change. d. it has no impact because the economy does not affect interest rates.

What is the sequence of events that could lead to trade surplus