Emily Smith files her tax return on the basis of a fiscal year. Her records show that she received income in November 2018 and February 2019 from which there was backup withholding ($100 and $50, respectively). Emily takes credit for what amount of backup withholding on her tax return for the fiscal year ending September 30, 2019

$150

Explanation:

Calculation for what amount of backup withholding on her tax return for the fiscal year ending September 30, 2019 will Emily takes credit for

Using this formula

Credit amount of backup withholding on her tax return for the fiscal year ending September 30, 2019= November 2018 backup withholding+February 2019 backup withholding

Let plug in the formula

Credit amount of backup withholding on her tax return for the fiscal year ending September 30, 2019=$100 + $50

Credit amount of backup withholding on her tax return for the fiscal year ending September 30, 2019 = $150

Therefore the amount of backup withholding on her tax return for the fiscal year ending September 30, 2019 will Emily takes credit for will be $150

I believe the answer is: Prices for goods and services increased, and a dollar bought less than it previously had

In the 1970s, united states was experiencing a period of economic stagnation which later known as called the great inflation of the 1970s.

During this period, the number of unemployment skyrocketed and the value of our currency fall dramatically, which caused an increase in overall products and less amount of products it can obtain with previously same amount.