If an individual's income falls at the 15% tax bracket then his/her income is taxed at first 10% and then the excess 5% should be levied in the next bracket.
<h3>What is a tax bracket?</h3>
A tax bracket is the income range made by the tax authorities relating to income earned by taxpayers with different rates of taxes.
According to the US taxation rules, the tax levied on the income of the taxpayer should be in the progressive system, which means, that the income should be charged with the different tax rates and not the one single tax rate. As the tax rates are started from 10%, so at the rate of 15%, it should not be the same rate rather the excess 5% would be levied.
Therefore, the provided statement relating to the imposition of tax is false.
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Answer:
The description as per the given statement is summarized in the below segment.
Explanation:
- There should priorities immigrants, although it has its inherent consequences since it damages the morality of all other project teams and thereby discourages them.
- This would also dissuade customer prejudice from purchasing the merchandise of the company and then so this might not be beneficial to priorities it.
The break-even point of Warner Company is 3,500 units.
Here, we are going to calculate the break-even point of Warner Company.
Product Product Mix Contribution margin Weighted Average unit
[1] per unit[2} contribution margin[1*2]
A 40% $8 $3.2
B 60% $4 <u>$2.4</u>
Total <u>$5,6</u>
- Formula for Break Even point is <em>Fixed cost / Weighted average unit contribution margin</em>
Break-even point = $196,000 / $5,6
Break-even point = 3,500 units
Therefore, the break-even point of Warner Company is 3,500 units.
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Answer:
cumulative discounts
Explanation:
Options:
- A) allowance
- B )cash
- C) seasonal
- D) noncumulative
- E) cumulative
A cumulative discount refers to a company offering a discount in the sales price of an item or items if the total purchase is higher than a certain threshold. It is similar to offering discounts for buying in bulk (which refers to quantity), only that this type of discount is offered to customers that purchase over a certain amount of money.
