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iragen [17]
3 years ago
8

What effect would a tax increase have on income

Business
2 answers:
trasher [3.6K]3 years ago
7 0
The Answer is D. It would not affect gross income. Gross income is the total amount of income you gain before expenses are taken away.
balu736 [363]3 years ago
3 0

Answer: It would not affect gross income

Explanation:

Gross income is known to be the total salary which an employee receive for work done before subtracting deductions from the employers of labour.  

Tax is known to be the amount of money levied or charged on individual’s income or properties by the government.

Income is the amount of money which an employee receive or get for work done from the employers of labour.

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<span>A. Boost the economy Expansionary policies increase the money in supply to encourage spending, boost economic growth and counteract inflation.</span>
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2 years ago
The act of giving up one thing of value to gain another thing of value is called a/an
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Answer:

Trade-off. act of giving up one thing of value to gain another. Opportunity Cost. value of the next best alternative you could have chosen. Marginal Benefit.

Explanation:

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2 years ago
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3 0
3 years ago
When the market rate is 10%, a company issues $60,000 of 12%, 10-year bonds dated January 1, 2017, that mature on December 31, 2
Shkiper50 [21]

Answer:

Credit, $60,000

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