Answer:
B. people with high incomes
Explanation:
A progressive tax system imposes high tax rates to high-income earners. In a progressive tax system, the applicable tax rates are based on income level. The higher the income, the higher the tax rate.
Low-income earners will be taxed at a lower rate, hence only a small proposition will be used for taxes. High-income earners will be taxed using a higher tax rate, meaning a bigger proposition of their income will be spent on taxes.
Answer:
(a) Profit margin for A = 5.40%, For division B =9.25% (b) Division B has a superior higher profit margin
Explanation:
Solution
Given that
Division A has a profit = 150,000
sales = $2,780,000
Division B profit = $28,400
Sales =$307,000
Now
(a)We compute for the margin profit for each division which is giving below:
Profit margin=Profit/Sales
Profit margin for A=(150000/2,780,000)
=5.40%
Profit margin for B = (28400/307000)
=9.25%
(b The division B is superior having higher profit margin.
The option that is not a characteristic of a successful resume is that It must be handwritten.
<h3 /><h3>What are characteristics of successful resumes?</h3>
They are written in such a way that they are easy to read and have correct and checked spelling and grammer. The details within should be completely true and it should be free of gimmicks.
It is not important that the resume is handwritten, in fact, it shouldn't be handwritten at all but rather typed.
Find out more on successful resumes at brainly.com/question/12923976.
Addition to Retained Earnings will be the amount will be Net Income as calculated using the above information:
Net income will be calculated as below:
Sales...........................................................$680000
Less: Cost of Sales.................................$342000
Less: Depreciation..................................$86000
Less: Interest Expense.........................$53000
Earnings Before Tax...............................$199000
Less [email protected] 23%.........................................$45770
Net Income..............................................$153230
Thus Income of $153230 will be added to Retained earnings and Cash dividend of $40000 will be reduced from therein.
Answer:
We can say First National Bank has 2 million dollars in required reserves
Explanation:
In order to calculate the required reserves we would have to make the following calculation:
Required reserves = Total reserves - excess reserves = vault cash + deposits with Federal Reserve - excess reserves
vault cash= 4 million dollars
deposits with Federal Reserve= 16 million dollars
excess reserves=18 million dollars
Therefore, Required reserves=4 million dollars+ 16 million dollars-=18 million dollars
Required reserves= 2 million dollars
We can say First National Bank has 2 million dollars in required reserves