Answer:
The individual will plan to spend or consume more of his wages than usual; since he believes there'll be a tax cut.
Explanation:
C = consumption
W = wages
Note: No graph is attached to the question so we can't make use of certain information in the question.
Suppose there is an announced change in tax policy - a tax cut/reduction - and a tax increase later; <em>what is the impact of this policy on consumption if the consumer believes that the policy will be implemented?</em>
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Reasoning as an economist, the first reaction of a rational consumer is to begin to consume more since he believes the tax reduction policy will be implemented.
NOTE that sometimes the government or financial ministry in a country intentionally announce policies just so citizens can begin adjusting their consumption and investment patterns in line with them. They do not necessarily follow up with implementation of the policies.
So for a consumer who believes that there'll be a tax cut, he'll be excited and will either consume more of his present wage or consume all and borrow or dissave.
1 ).which of the following is the term for day-to-day and long-term tasks you are assinged to complete?
Job responsibilities.
2 ). why is career planing important?
It can help you narrow down your options and get the training you need.
3 ). which statement was true in the past, but not generally true today?
Young people tend to go into the job that their parents and grandparents did.
4 ). which of the following statements is accurate?
People with the same job title may perform different duties.
5 ). which of these principles would be most helpful to a young person deciding on a career?
A realistic assessment of your abilities and interests will help you find an appropriate career.
Answer:
$3140
Explanation:
It is given that,
Weekly salary of Emily Casper is $785. We need to find her earning after 4 weeks. It is a type of question based on the unitary method.
1 week = $785
4 week = 4 × $785
= $3140
Hence, her salary after 4 weeks is $3140.
Answer:
$4,687.50
Explanation:
The computation of the depreciation expense of the second year using the double-declining method is shown below:
First we have to determine the depreciation rate which is given below:
= One ÷ useful life
= 1 ÷ 4
= 12.5%
Now the rate is double So, 25%
In year 1, the original cost is $25,000, so the depreciation is $6,250 after applying the 25% depreciation rate
And, in year 2, the ($25,000 - $6,250) × 25% = $4,687.50