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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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Which african-american artist created the fiber work tar beach as an autobiographical work about her own experiences growing up
Nookie1986 [14]
Faith Ringgold was an <span>African-american artist created the fiber work tar beach as an autobiographical work about her own experiences growing up in New York.
</span>Faith Ringgold is an artist and she was best known for her narrative quilts, Tar beach is one of her most famous story quilts. She <span>was born in New York City in 1930. and when she was working in public schools as an art teacher she began a series of paintings which was called as </span><span>American People.</span><span />
6 0
3 years ago
Compare and contrast the potential for a perfectly competitive firm and a monopolistically competitive firm to earn positive eco
Kazeer [188]

Explanation:

There are no deficits or surpluses in terms of output, no obstacles to the entry or exit of businesses on the market, and the number of customers is so high that it is only the economic demand that decides the value of the products in the market. Thus, the reality is that the market is completely open. All producers earn normal profit and both manufacturers and consumers accept the commodity price.

In comparison, a monopoly market competition can be defined as a business environment where one entity or group of companies dominates the supply market and thus controls output factors. In this case, the monopolist decides the price of the goods on the market, as the competition is always strong. Free entry or departure from companies is not allowed in a monopolistic competitive market.

The short-term and long-term production or profitability are the same in the case of a fully competitive market. Since the production factors are often under control and fully meet the demand and supply of the market. In the shorter term and that in the long run, a perfect competition business will see stable and strong economic growth. In the case of a business or corporation which is fully competitive, there is no distinction between the competitors ' profit margins and all companies have the same rate of profit.

3 0
3 years ago
The gdp deflator is used to calculate the inflation rate. True or False
Aleksandr [31]

Answer:

True

Explanation:

The nominal GDP is divided by the real GDP to calculate GDP deflator which is used to calculate the CPI and Inflation rate. So it is true that the GDP delfator is used to calculate inflation rate.

6 0
3 years ago
Quatro Co. issues bonds dated January 1, 2019, with a par value of $400,000. The bonds’ annual contract rate is 13%, and interes
nexus9112 [7]

Answer:

$9850

$ 146,172  

Explanation:

The amount of premium on the bond issuance is the difference between the cash proceeds from the issue and the face value of the bond i.e $9,850($409,850-$400,000).

The total expense that would be recognized over the life of the bond is $146,172   as shown in the expense column of the attached amortization schedule.

Find attached effective interest amortization table.

The final balance is $22 more than the face value due rounding error.

Download xlsx
4 0
3 years ago
Read 2 more answers
Pro Formas can be structured in many different formats; however, they all help forecast a company’s financial feasibility, break
kvv77 [185]

Answer:

How do you envision this knowledge and skill with pro formas will give you an advantage over other job candidates?

Explanation:

If you know about proformas, you are a specialist in companies that issue a profit announcement and make it available to the public, particularly to potential investors. Additionally, you are able to assess the potential value of a proposed change, such as an acquisition or a merger

8 0
4 years ago
Read 2 more answers
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