All categories

6 months ago

Taxes are cut by 10% for all income levels. What type of policy is being conducted

Business

1 answer:

Monica [59]6 months ago

3 0

When taxes are cut, the type of policy that is being conducted is a expansionary fiscal policy.

<h3>What is a expansionary fiscal policy?</h3>

Fiscal policies are policies enacted by the government to control the money supply in the economy. Fiscal policy can either be contractionary or expansionary.

Expansionary fiscal policy is when the government increases the supply of money in the economy. This can be done either by reducing the taxes or increasing their level of spending.

Contractionary fiscal policies is when the government reduces the money supply in the economy either by reducing their spending or increasing taxes.

To learn more about fiscal policies, please check: brainly.com/question/25716528

#SPJ1

You might be interested in

Suppose the owners of Lopes and HomeMax meet for a friendly game of golf one afternoon and happen to discuss a strategy to optim

Amiraneli [1.4K]

Answer:

c. $2.0 million for Lopes and by $2.5 million for HomeMax.

Explanation:

For the problem above, the two organizations agreed to work on a particular project because they believed that they will benefit from the outcome of the project. Based on the available information provided in the question, the profit that Lopes will make yearly will increase by $2.0 million while that of HomeMax will increase by $2.5 million.

3 0

3 years ago

A detailed plan for the future that is usually expressed in formal quantitative terms is known as a:

Kipish [7]

Answer: (A) Budget

Explanation:

Budget is one of the type of financial plan that is create according to our requirement and also budget.

A budget is one of the type of document that is used for describe the detailed plan in the future and it is usually expressed into the quantitative terms.

The main objective of the budget is to creating a proper plan based on the expenses, revenue, liabilities and the cost in an organization and it also helps in balancing our expenses with the income.

Therefore, Budget is the correct answer.

5 0

2 years ago

Campbell's soup offers a temporary price reduction to all grocery stores on the West Coast during the weeks of June 15th to July

insens350 [35]

Answer:

Off - invoice allowance

Explanation:

Off - invoice allowance

It is type of allowance that offer retailer to market quantities of item for a particular period of time. The main purpose of this bills is to cope up with competition and to advertise new product in the market.

It is a reduction in price made by manufacturer to retailer so to promote their product in a faster way.

4 0

3 years ago

Nile Corp. has identified three cost pools to allocate overhead costs. The following estimates are provided for the coming year:

True [87]

Answer:

Overheads cost allocated to Mossman Job = $449

Explanation:

We have been provided the cost of each activity and their respective drivers.

There are three activities

Supervision of Direct Labor = $304,000 for 760,000 labor hours

Machine Maintenance = $153,600 for 960,000 hours

Facility rent = $165,000 for 110,000 square feet

Activities of Mossman Job and respective costs will be as follows:

Supervision of Direct Labor = $304,000/760,000 X 260 labor hours = $104

Machine Maintenance = $153,600/960,000 X 1,500 = $240

Facility Rent = $165,000/110,000 X 70 = $105

Net Overheads cost allocated to Mossman Job = $104 + $240 + $105 = $449

6 0

2 years ago

On April 31, 2018, Elkhorn Associates borrowed $10 million cash from Colonial Bank and issued a 5-month, noninterest-bearing not

Nady [450]

Answer:

b. Less than the effective interest rate

Explanation:

The stated discount rate on this loan is Less than the effective interest rate

As the note is noninterest-bearing note, the stated discount rate on this loan is less than the effective interest rate.

4 0

3 years ago