Mark and Sue are married and U. S. citizens with valid Social Security numbers. The Malones received wages and a large amount of taxable income not subject to withholding. Mark did not have health insurance coverage for 2019 and Sue had health insurance coverage through her employer. The Malones have a $2,500 balance due on their joint return and want advice on how to prevent a balance due next year. They do not anticipate a change in their sources of income and amounts received next year.

One of the ways Mark and Sue can prevent having a balance due next year is to use the Tax Withholding Estimator at IRS. gov and then adjust their withholding.

(A) True

(B) False

Wo firms, a and b, each currently dump 50 tons of chemicals into the local river. the government has decided to reduce the pollution and from now on will require a pollution permit for each ton of pollution dumped into the river. it costs firm a $100 for each ton of pollution that it eliminates before it reaches the river, and it costs firm b $50 for each ton of pollution that it eliminates before it reaches the river. the government gives each firm 20 pollution permits. government officials are not sure whether to allow the firms to buy or sell the pollution permits to each other. what is the total cost of reducing pollution if firms are not allowed to buy and sell pollution permits from each other? what is the total cost of reducing pollution if the firms are allowed to buy and sell permits from each other? a. $3,000; $1,500 b. $4,500; $3,500 c. $4,500; $4,000 d. $4,500; $2,500