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Take the American Govt Final
#10
(06-24-2019, 09:16 PM)BmorePat87 Wrote: Not bad, 36/40. 90%

10. A since not "all" property is seized. This one is from a county question bank, the wording can be argued. 
13. Since she has a house and kids, she'd use a 1040 instead of the simpler 1040ez. Usually use the 1040ez if you make under 100k, have no property, and don't have kids. 
14. Audit is what the IRS does
26. both would be the cost since he gave those up

I had A for #14. It looks like you pasted my answer for 16 over 14?

And your opportunity cost isn't everything else you could have done. Opportunity cost is the cost of giving up the next best option. So since he had $50 and everything cost $50, only choice #2 is his opportunity cost. 

Number 6 I got wrong because I read the question wrong. lol
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Messages In This Thread
Take the American Govt Final - BmorePat87 - 06-24-2019, 03:36 PM
RE: Take the American Govt Final - 6andcounting - 06-25-2019, 07:00 PM
RE: Take the American Govt Final - GMDino - 06-25-2019, 09:25 AM
RE: Take the American Govt Final - GMDino - 06-25-2019, 11:31 AM

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