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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.

You might be interested in
The research and development team will gather important information by first using ________ data.
LuckyWell [14K]

Answer:

secondary data

Explanation:

Secondary data refers to the information or data that have been already gathered by and promptly accessible from different sources. Such information are less expensive and more rapidly possible than the primary data or information and furthermore might be accessible when primary data can not be acquired at all. Common sources of existing secondary data or information incorporate information gathered by government open administrations divisions, libraries, web seeks and censuses, for example, the United States Census. Organizations utilize statistical surveying to draw on existing data from online networking as a source of secondary data.

6 0
2 years ago
Jeremy was interested in science and math in school. In college, Jeremy studied to become an ecologist who studies the effect of
Amanda [17]

Answer:

The ways Jeremy can use math and science in his career are:

  • Perform scientific research.
  • In the evaluations and analyzes, he makes of his data collection.

Explanation:

Ecology is the branch of science that studies the interrelationships between organisms and their environment; ecology is an extensive branch by which ecologists can work in the field or laboratories.

Ecologists aim to study the diversity of the ecosystem and study how to make less impact on the environment.

In the case of Jeremy, who was interested in mathematics and science at school, now, being an environmentalist, he would use this knowledge in his scientific research when collecting data from his research. And how to calculate the effect of fertilizer on wildlife this through the analysis and evaluation of its collected data.

I hope this information can help you.

5 0
3 years ago
Anthony was employed as a forklift operator for Blackburn Construction Company. While on the job, he operated the forklift in a
QveST [7]

Answer:

Option A

Explanation:

6 0
3 years ago
Havermill Co. establishes a $250 petty cash fund on September 1. On September 30, the fund is replenished. The accumulated recei
kenny6666 [7]

Answer:

Given that,

Petty cash fund on September 1 = $250

Office Supplies = $73

Merchandise inventory = $137

Miscellaneous expenses = $22

Fund has a balance = $18

When Petty Cash fund is reimbursed,

the expenses incurred through Petty Cash are recorded by debiting those expense.

Therefore, all the expenses incurred to be debited from the accounts.

Hence, the journal entry to record the reimbursement of the fund on September 30 includes a debit of Office Supplies for $73.

5 0
3 years ago
Holly's is currently an all-equity firm that has 12,000 shares of stock outstanding at a market price of $36 a share. The firm h
vagabundo [1.1K]

Answer:

$31,104

Explanation:

EBIT / 12,000

= [EBIT - ($120,000 × .072)] / [12,000 - ($120,000 / $36)]

EBIT = $31,104

Therefore the minimum level of earnings before interest and taxes that the firm is expecting will be $31,104

8 0
4 years ago
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