Why was no federal income tax withheld from my paycheck 2021?.

Answers

Answer 1

There are several reasons why no federal income tax might have been withheld from a paycheck in 2021.

These include:

Employment status: If you are self-employed, you are responsible for paying your own federal income taxes through estimated tax payments rather than having them withheld from your paycheck.

Tax withholding allowances: If you filled out your W-4 form incorrectly or claimed too many withholding allowances, your employer may not have withheld enough federal income tax from your paycheck to cover your tax liability.

Tax bracket: If you didn't earn enough money in the year to owe federal income tax or if your income was below the taxable income threshold for your tax bracket, no federal income tax would be withheld from your paycheck.

CARES Act: The Coronavirus Aid, Relief, and Economic Security (CARES) Act provided some relief to taxpayers in 2020 by allowing employers to defer the withholding and payment of the employee's portion of the Social Security tax. If your employer took advantage of this deferral, your paycheck may have had no federal income tax withheld to make up for the Social Security tax deferral.

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Related Questions

If you were marketing a product to a particular target market and you only knew the demographic characteristics, what product benefits (WIIFM, or “What’s in it for me?”) would you highlight in your marketing

Answers

The product benefits to be highlighted in the marketing based on demographic characteristics are

beneficial to particular agebeneficial to particular working classbeneficial to particular gender etc

What is the demographic segmentation?

In marketing, this refers to the segmenting of customers according to gender, age, ethnicity, family size, religion etc.

The use of demographic segmentation in marketing helps to provide the needs and want to consumers based on the demograph gathered from them.

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Which of the following is not a business-to-business (B2B) market.

A. Raw Materials
B. Process materials
C. Major equipment
D. Shopping Goods

Answers

Answer:

I don't know the exact answer but I guess it will be option (B) process materials

In traditional economies, government controls all manufacturing.

Answers

Answer:

true

Explanation:

3. what is the purpose of performing an asset classification, asset assessment and risk assessment as part of the security strategy? take each item in turn describing what it is, how it is implemented and the purpose of it.

Answers

Asset classification is the process of locating and classifying assets according to their worth and relevance. Set protective activities in order of importance.

Assessing assets involves determining their present condition and any possible weaknesses. Determine and reduce security threats is the goal. Risk assessment is the process of analysing and assessing the probability and potential consequences of security risks. Create a security plan that is informed by risk. The practise of classifying assets into distinct groups according to their attributes, such as liquidity, risk, and return, is known as asset classification. By enabling them to make wise investment choices and keep an eye on their financial performance, this aids businesses in managing their assets more efficiently. Cash and cash equivalents, fixed income securities, stocks, commodities, real estate, and alternative investments are examples of common asset types.

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Richard’s annual college expenses are expected to total $17,745. He will receive $5,320 in grants. How much will Richard need to contribute to his annual college expenses?
$11,425
$11,465
$12,425
$12,465

Answers

Answer:

$12,425

Explanation:

Richard we will contribute the difference between the expected annual expenses and the grant.

Expected expenses = $17,745

Grants, $5,320

Richard Contribution :

=$17,745 - $5,320

=$12,425

Answer:

the answer is C. 12,425

Explanation:

If a bank sells off all of its assets and pays all of its liabilities, the amount remaining would be its:
a. net profit.
b. reserves.
c. net worth.
d. excess reserves.

Answers

If a bank sells off all of its assets and pays all of its liabilities, the amount remaining would be its net worth. Thus, the correct answer is option C.

Net worth is the value of a person's or corporation's assets less the obligations they owe. It is a key indicator for assessing a company's health because it provides a valuable snapshot of the company's present financial state.

Net value is determined by deducting all liabilities from all assets. Net worth can be positive or negative, with the former indicating that assets outweigh obligations and the latter indicating that liabilities exceed assets. Positive net worth that is increasing implies healthy financial health. Declining net worth, on the other hand, is cause for concern because it may indicate a reduction in assets relative to liabilities.

Therefore, the ideal selection is option C.

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If martha set a goal for employees to sell $60,000 of merchandise during the month of december and gave them a directive to reorganize the break-room under the same deadline, then employees might question which of the five essential goal-accomplishment factors?.

Answers

If martha set a goal for employees to sell $60,000 of merchandise during the month of december and gave them a directive to reorganize the break-room under the same deadline, then employees might question Relevancy of the five essential goal-accomplishment factors.

Why is relevance important?

The connection between something and the topic at hand. alternatives significance. Synonyms for irrelevance include irrelevancy. the absence of any connection between something and the issue at hand.something not having any connection to the situation at hand.Relevance is a measure of how well something fits in with what is being said or done at a certain moment. The discussion of soil Ph during a gardening instruction serves as an illustration of relevance.

What significance does relevance have?

Relevance has established itself as an essential yet difficult concept in formal reasoning. It is crucial because identifying the pertinent components from which a solution can be built is the first step in solving any problem.

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PLZ HELP EXTRA POINTS!!!
Without freedom of expression ____.

A. Congress would have too much power
B. democracy could not exist
C. all kinds of unpopular ideas would become popular
D. the result would be a utopia

Answers

Answer:

A. Congress would have too much power

Explanation: I hope this helps :)

Most plants want to have their supplies delivered just before they are needed to be used in production

Answers

Answer:

  True

Explanation:

The modern notion of "just in time" material delivery supports reduction of inventory and its associated costs. Plants that have sufficiently steady raw material usage will prefer supplies delivered "just in time."

Plants that have wildly varying production schedules or product mix may prefer a generous "safety stock." They may also prefer a generous supply inventory if their supply chain is unreliable.

It is true that most plants want to have supplies delivered just in time, but circumstances may make needs differ from wants.

Answer:

TRUE

Explanation:

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A 30-year Treasury bond is issued with face value of $1,000, paying interest of $60 per year. If market yields increase shortly after the T-bond is issued, what is the bond’s coupon rate?

Answers

Answer:

6%

Explanation:

The face value of the bond is $1,000 and the coupon of the bond is $60.

The coupon rate of the bond = $60 / $1,000 = 0.06 = 6%

Hence, the coupon rate is 6%

The main difference between variable taxes and fixed taxes is that unlike fixed taxes, variable taxes (do not vary with GDP / rise and fall with GDP)

a. True
b. False

Answers

The statement "The main difference between variable taxes and fixed taxes is that, unlike fixed taxes, variable taxes do not vary with GDP / rise and fall with GDP" is false.

In fact, variable taxes are taxes that do vary with changes in GDP, while fixed taxes remain the same regardless of economic conditions. Variable taxes are taxes that are based on a percentage of income or a specific economic activity.

For example, income tax is a variable tax because it is calculated as a percentage of a person's income, and therefore will increase or decrease with changes in their income.

Similarly, sales tax is a variable tax because it is calculated as a percentage of the price of a product, and therefore will increase or decrease with changes in the price of goods.

Fixed taxes, on the other hand, are taxes that do not change with economic conditions.

Examples of fixed taxes include property taxes, which are based on the value of a property and remain the same regardless of whether the property is rented or vacant, and flat taxes, which are a fixed percentage of income or consumption.

In summary, the main difference between variable taxes and fixed taxes is that variable taxes do in fact vary with changes in GDP, while fixed taxes remain constant regardless of economic conditions.

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Journalize Smart Touch Learning's closing entries for December 31 in RED order. Record debits first, then credits. Check your spelling carefully and do not abbreviate. Enter account names exactly as provided in the adjusted trial balance. Select the dates from the dropdown provided.


SMART TOUCH LEARNING


Adjusted Trial Balance


December 31, 2016


Balance


Account Title Debit Credit


Cash 35,270


Accounts Receivable 1,700


Office Supplies 290


Prepaid Insurance 1,350


Furniture 13,400


Accumulated Depreciation - Furniture 200


Salaries Payable 4,600


Unearned Revenue 3,400


Common Stock 36,800


Retained Earnings 0


Dividends 4,200


Service Revenue 20,800


Salaries Expense 6,600


Depreciation Expense - Furniture 200


Insurance Expense 450


Utilities Expense 230


Rent Expense 2,000


Supplies Expense 110


Total 65,800 65,800

Answers

Journalize Smart Touch Learning's closing entries for December 31 in RED order. Record debits first, then credits.

Debit entries: Debit Service Revenue, Income Summary, and Retained Earnings for their respective amounts.Credit entries: Credit Income Summary, followed by the expenses (Salaries Expense, Depreciation Expense - Furniture, Insurance Expense, Utilities Expense, Rent Expense, and Supplies Expense).Final credit entry: Credit Dividends to close the dividends account.

To journalize Smart Touch Learning's closing entries for December 31 in RED order, follow these steps:

1. Record the debit entries first, starting with the balances in the temporary accounts (revenues and expenses) and ending with the balance in the income summary account.

- Debit Service Revenue for $20,800
- Debit Income Summary for $9,090 (this is the sum of all the expenses and revenues)
- Debit Retained Earnings for $9,090

2. Record the credit entries next, starting with the income summary account and ending with the balances in the temporary accounts.

- Credit Income Summary for $9,090
- Credit Salaries Expense for $6,600
- Credit Depreciation Expense - Furniture for $200
- Credit Insurance Expense for $450
- Credit Utilities Expense for $230
- Credit Rent Expense for $2,000
- Credit Supplies Expense for $110

3. Record the final credit entry to close the dividends account.

- Credit Dividends for $4,200

After these entries are posted, the balances in the temporary accounts will be zero and the net income or loss for the period will be reflected in the Retained Earnings account.

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Question 6 of 20
What is outsourcing?
A. Keeping trade secrets from competing organizations
B. Hiring workers outside the company to work on a temporary basis
C. Maintaining a balance between work life and personal life
O D. Sending instructions to a computer in another location

Answers

The answer would be B.
Explanation:

“Outsourcing is an agreement in which one company hires another company to be responsible for a planned or existing activity that is or could be done internally, and sometimes involves transferring employees and assets from one firm to another”

If there are five goods in a barter​ economy, one needs to know ten prices in order to exchange one good for another.​ If, however, there are ten goods in a barter​ economy, then one needs to know​ ________ prices in order to exchange one good for another.

Answers

Why is the type like this???

Donald is a business development executive in a big retail company based in Omaha. His company now wants to expand and has sent Donald as their representative. Donald is also authorized to deal and negotiate with different vendors directly and in his own capacity. What role is Donaldplaying as per the contract law?

Donald is a business development executive in a big retail company based in Omaha. His company now wants

Answers

Answer:

C. Agent

Explanation:

Agent Law- the agent deals with third parties on behalf of the company in a contract and the company defines the control an agent can exert

A __________ is a way in which a testator can change his will and is a separate testamentary document whose purpose is to amend an existing will.

Answers

A codicil is a separate legal document that allows a testator to make changes to an existing will without creating a new one, providing flexibility in updating testamentary intentions.

A codicil is a way in which a testator can change his will. It is a separate testamentary document specifically created to amend an existing will. A codicil allows the testator to make modifications, additions, or revocations to their original will without having to create an entirely new will.

It is a legally recognized instrument that must adhere to the same formalities as a will, such as being in writing, signed, and witnessed.

By using a codicil, the testator can ensure that their testamentary intentions are updated and accurately reflected, providing flexibility in managing their estate planning without completely rewriting the will.

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HELP TAKING TEST!! Suppose you are a treatment specialist and desire additional training and certification. What would the best avenue for you to
obtain this?
O counselor certification
O specialist certification
O therapist certification
O crisis certification

Answers

The answer is crisis certification

What is vulnerability? Give examples of vulnerability and the
mitigation method can be taken to remove it.

Answers

Vulnerability refers to a weakness or flaw in a system, process, or infrastructure that can be exploited by malicious actors to gain unauthorized access, disrupt operations, or compromise data integrity and confidentiality. Vulnerabilities can exist in software, networks, hardware, and even human factors.

Software Vulnerability: A software application may contain coding errors or design flaws that can be exploited.

Network Vulnerability: Weak network configurations, unsecured wireless networks, or outdated protocols can leave networks vulnerable.

Social Engineering Vulnerability: Humans can be a weak link in security.

Hardware Vulnerability: Flaws or weaknesses in hardware components can create vulnerabilities. For example, a hardware keylogger inserted between a keyboard and computer can record keystrokes.

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Marketing and distribution system of Sole proprietorship

Answers

Answer:

Direct selling;

Selling through intermediaries;

Dual distribution; and.

Reverse channels.

Explanation:

1.the balance of an account is calculated as
A the total of the debit side
B the total of the credit side
C the difference between the totals of the debit and credit side
D.the sum of all entries

2.the total on the debit of an account is greater than the credit side.what does this mean?
A the account has a debit balance
B the account has a credit balance
C the account cannot be balanced
D the account has no balance

3.a credit balance occurs in a ledger account when
A the total on its debit side is greater than the credit side
B the total on its debit side is less than the total on its credit side
C the total on its debit side is equal to the total on its credit side
D the total is zero in the ledger account ​

Answers

Answer:

1.A

2.C

3.D

Explanation:

hope its help

Which of the following is NOT a repayment plan option?
O Extended repayment plan
O Loan forgiveness repayment plan
O Income sensitive repayment plan
O Graduated repayment plan

Answers

Answer: Loan forgiveness repayment plan.

Explanation:

The Extended Repayment Plan: This is a repayment plan option whereby the loan can be paid back for a period of about 25 years.

The Income-Sensitive Repayment Plan: This is a repayment plan option for those who want low income. Here, payment can either increase or reduce based on what the person earns annually.

The Graduated Repayment Plan: This is a repayment plan option which increases every two years.

The loan forgiveness repayment plan is not a repayment plan option.

Over 50% of Americans have no long-term savings. Why do you think it's so
difficult for so many people to save money? Explain your opinion.

Answers

Answer:

because they cant stop spending money

Explanation:

money is money

HELP PLEASE

20 points :)

HELP PLEASE20 points :)

Answers

O think is c, but I think I’m not sure

Answer:

the last one.

Explanation:

they both are traveling at the same speed. the size (mass) won't matter because only temperature affects average kinetic energy.

hope this helps :)

Linda, the listing broker, is planning to forward her commission claim to the closing agent for a commercial property. the owner refuses to pay commission. the property has a value of $1,000,000 and linda's commission is 7% of it. the owner had taken out $1,125,000 in mortgages on the property. can linda recover her commission?

Answers

Linda can still recover her commission because, the property value is $1,000,000 of which her commission is 7% or $70,000. The amount that is left after the property is mortgaged is enough for Linda's commission.

What is commission?

It is a payment made to a representative or employee for carrying out a task or rendering a service. A portion of the money collected from the total amount paid to the agent in charge of the business makes up the majority of it. For each automobile he sells, he receives a commission.

Value of the property =  $1,000,000

Amount of Linda's commission =  $1,000,000× 7% = $70,000

Amount taken out for mortgage = $1,125,000

Amount left = $1,125,000- $1,000,000 = $125,000

Therefore, Linda can recover her commission.

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What is a difference between employee withholding adjusted by means of the 2020 Form W-4 and pension withholding adjusted by means of Form W-4P

Answers

The main difference between employee withholding adjusted by means of the 2020 Form W-4 and pension withholding adjusted by means of Form W-4P is that they have different filing requirements and are designed for different types of payments.

Explanation:The 2020 Form W-4 is used by employees to adjust their federal income tax withholding amounts from their paycheck. It was redesigned to reflect changes made by the Tax Cuts and Jobs Act of 2017. The form considers the number of dependents and personal exemptions, as well as any additional income you may have, such as interest and dividends.

It is a requirement for all new employees and is typically updated by employees who experience a significant life change, such as marriage or the birth of a child. On the other hand, the Form W-4P is used by retirees or beneficiaries who receive pension payments to adjust their federal income tax withholding amounts. The form considers the amount of pension income received and the marital status of the individual. It is not a requirement for individuals to file this form, but it is recommended to ensure that the proper amount of tax is being withheld from pension payments.In summary, the 2020 Form W-4 is used by employees to adjust federal income tax withholding from their paycheck, while Form W-4P is used by retirees or beneficiaries who receive pension payments to adjust their federal income tax withholding amounts.

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How do the elements of the marketing mix work together to help create a
marketing strategy?​

Answers

Answer:

The marketing mix refers to the actions a company takes to market its product(s) and/or service(s). Typically, it acts as a framework for breaking down the four key components of marketing — product, price, place, and promotion.

Explanation:

5a) Change
the given angle
into
degress-
i) 10ʻl6' 15"​

Answers

Given :

An angle 10 16' 15".

To Find :

The given angle into degrees.

Solution :

We know, 1° = 60' and 1' = 60".

Now,

\(15" = (15\times \dfrac{1}{60})^{'}\\\\15"= \dfrac{1}{4}^{'}=0.25^{'}\)

Now,  total minutes are :

(16 + 0.25)' = 16.25'

Converting 16.25' to degrees.

\(16.25^{'} = 16.25\times \dfrac{1}{60} ^o\\\\16.25^{'} = 0.271^o\)

Therefore, angle in degree is ( 10+0.271 )° = 10.271° .

Pick two of these 4 short answer questions. If you complete more than two questions, only the first two will be graded.
1. Discuss at least 6 important tasks that most individuals face when developing through emergent adulthood.

2. Discuss three aspects of an adolescent girl’s life that impact the onset of menarche/puberty.
(Be sure to state the characteristics and how they impact the timing.)

3. What is the difference between extrinsic and intrinsic motivation?
4. Why does conflict between kids and their parents increase during adolescence?


PICK ONE OF THE THREE options below. Give a comprehensive response to the prompt.
I. What signifies that someone is an adult? Discuss how biology, emotional changes, cognitive changes, social changes, legal changes, age, and cultural practices combine to determine when a child becomes an adult.
II. People often recommend that individuals should take their hobbies and turn them into careers. Is this good advice? Explain why or why not.
III. Describe the typical progression of relationships from finding a partner up until marriage. What characteristics of the relationship partners and their behaviors in the relationship predict success?

Answers

III. Describe the typical progression of relationships from finding a partner up until marriage. What characteristics of the relationship partners and their behaviors in the relationship predict success.

The typical progression of relationships from finding a partner up until marriage is different for every couple. Generally, it begins with two people meeting and getting to know each other, followed by a series of dates and romantic gestures, and ultimately, a decision to become committed partners. Some couples may choose to live together before marriage, while others may decide to tie the knot right away.In terms of the characteristics of the relationship partners and their behaviors in the relationship that predict success, there are several factors that are important to consider.

First, communication is key. Couples who are able to effectively communicate with one another tend to have healthier relationships and are better able to resolve conflicts when they arise.Second, shared values and goals are important. Couples who have similar beliefs and aspirations are more likely to be successful in the long term. This includes things like religious beliefs, political views, and life goals such as having children or traveling the world together.Third, mutual respect and trust are essential.

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I need help on my assignment this is what i have so far guys let me know if it is wrong or what i should change

Question : Nancy and Shawn Miller are a newly married couple in their early 30s. They are currently renting a one-bedroom apartment in the city but would like to purchase a two-bedroom condominium within the next two years. Their combined gross annual income is $96 000. Each month, they pay $700 in wedding debt and $610 for student loans. Rent is $1200 and includes utilities. Their monthly transit passes cost $200. They spend $520 each month on groceries and an additional $275 for cable, Internet, and telephone. Approximately $250 is spent every month on clothing. They like to have about $350 per week in discretionary income for leisure and miscellaneous expenses, such as movies, books, and CDs. They would like to save $15 000 over the next two years for a down payment. Create a monthly budget for Nancy and Shawn. Assume tax deductions of 30 percent

My answers :

Gross Income XXX $96 000
Deductions (XXX) TAX (30%)
Disposable Income XXX $67 200 every month= 5600
Necessities
Rent $1200 xxx
Debt Payments $700 xxx
Student Loan Payments $610 xxx
Cable, Internet, Phone $275 xxx
Groceries $520 xxx
Transit Passes $200 xxx
Clothes $250 xxx
Total Necessities XXX $15,255
Discretionary Income XXX $51975
Every month = 4331.25
Entertainment $350 xxx
Leftover Income for Savings (help)
XXX

and 3 other questiosn i need help with
Questions (15 Marks)
⦁ How much money is left over at the end of the month? Is this enough to save $15,000 in two years?


⦁ How much would they have to save each month to achieve their $15 000 goal within two years?


⦁ How would you recommend Shawn and Nancy trim their budget in order to have more money for savings?

Answers

Answer:

No ; $625 ; cut down expenses

Explanation:

Annual Gross =$96000

Amount after tax : (1 - 0.3) * 96000 = $67,200

Monthly Total Expenses :

$(700 + 610 + 1200 + 200 + 520 + 275 + 250 + (350*4)) = $5,155

After - tax monthly :

67,200 / 12 = $5600

Amount left :

$5600 - $5155 = $445

If total amout left is saved for 2 years :

Amount saved = ($445 * 24) = $10,680

$10,680 < $15,000 ; therefore, it won't be enough for the purchase.

Monthly saving to earn $15000 in 2 years

2years = 24 months

$15000 / 24

= $625

Grocery expenses , clothing, discretionary cost and cable expenses could be all be cut down in other to increase saving.

You are paid $11.75/hr. You work 40 hr/wk. Your deductions are FICA (7.65%), Federal tax withholding (10.75%), and state tax withholding (7.5%). What am I making?

Answers

Answer:i have no answer but you are making more income

Explanation:

cause

Answer:

These are the answers

Explanation:

Other Questions
sustainable development is defined as the idea that improvements in present standards of living must not be made at the expense of future populations. Carol has several test tubes of different liquids. If Carol removes heat from the liquid substances, which of the following is most likely to occur?a The temperature of the particles will decrease and then become a gas. b The temperature of the particles will increase and then become solid. c The temperature of the particles will increase and then become gases. d The temperature of the particles will decrease and take up less space. Rewrite: 4x^2-9y^2-20x+25 Drag the tiles to the correct boxes to complete the pairs. Not all tiles will be used. Consider the vectors u = , V = , W = , and z = . Based on the components of vectors U, V, W, and Z match each vector subtraction with the magnitude of the resulting vector. which decision increased the american public's distrust of the government by expanding the president's war-making powers? Please help Find the area of a rhombus Which of the following took place in 1933 thatallowed Adolf Hitler to rise to power inGermany?A. He was elected as Chancellor of Germany by the people.B. He was named Commander-In-Chief of the German Army.C. He served as Ambassador to the United States for Germany.D. He was chosen as Secretary of War in Germany.4 Which factor plays the biggest role in motivating economic decisions in acommand economy?A. A belief in the power of international cooperationB. A desire to maximize individual profitsO C. A commitment to a traditional way of livingO D. An interest in promoting the common good help please because i am very dumb I NEED HELP ASAP I WILL GIVE BRAINLIEST ........some people might need to hear this. lot of us are struggling in school rn, but I am proud of any progress you have made.have a great day!:) 7. The function A(t) = Pe" is used to calculate the balance. A, of aninvestment in which the interest is compounded continuously at anannual rate, r, over t years. Find the inverse of the formula. Describewhat information the inverse gives. I need help with this problem Kalit food complex has three types of direct material input and standards to produce 9 pounds of output 5 pound of meat a at actual cost of $0.70/pound =$3.50 3pound of meat b at actual cost of $1.05/pound =$3.00 2 pound of meat c at actual cost of $0.80/pound =$1.60 total $ 8.10 calculate the budgeted quantity of direct material inputs for each type of meat 10. Skin care products and grooming aides are kinds of health information. true or false which of the following impacts did the agreement between Zebulon PIke and the Dakota eventually have on Native Americans? In the Medieval era, a tambourine was mainly referred to as a _____.a.cymbalsb.trianglec.tabord.timbrel 13. Find m/VWZ. (5r 12) V Y Z (2x - 3) W X Why were conservatives opposed to the New Deal? I didnt want to sit on the wet ground. Identify the adjective