All categories

1 year ago

americans pay federal, state, and local governments nearly percent of every dollar they earn in taxes.

Business

1 answer:

frozen [14]1 year ago

4 0

nearly 41.1 percent of every dollar they earn in taxes.

the required details about taxes is given in below link

In the United States, the primary source of tax revenue was from individual income taxes (federal, state, and municipal).

sources of US tax revenue.

The United States relies substantially more on individual income taxes and property taxes than the OECD average. Individual income taxes generated 41.1 percent of total tax revenue in the United States, compared to an average of 24 percent in OECD countries—a 17.1 percentage point differential.

This is mainly due to the fact that in the United States, more than half of business income is reported on individual tax returns. In comparison to other OECD nations, the United States' method of taxing business income increases the share of tax revenue from individual income taxes and decreases the share of tax revenue from corporate taxes.

to know more about US tax revenue.

brainly.com/question/27978084

#SPJ4

You might be interested in

In the united states, a reason for the increase of the labor force participation rate for women is that

kvv77 [185]

... Keep On Going I need to read more

4 0

3 years ago

A work breakdown structure must be decomposed at least four levels in order to be effective. true false

Eddi Din [679]

A work breakdown structure must be decomposed at least four levels in order to be effective- FALSE

By adopting task breaking, a popular productivity technique, workload can be made more reasonable and approachable. The instrument used to apply this method to projects is the Work Breakdown Structure (WBS), one of the important project management papers. To ensure that project plans are in sync, it does it on its own by combining size, cost, and schedule baselines.

A Work Breakdown structure is used to graphically, hierarchically, and deliverable-focused decompose a project (WBS). Project managers can use it to break down the focus of their operations and view all the tasks required to complete them, making it a helpful diagram.

To learn more about Work Breakdown structure click here:

brainly.com/question/5775960

#SPJ4

4 0

2 years ago

Equilibrium levels of income and interest rates are ______ related in the goods and services market, and equilibrium levels of i

dsp73

Answer:

The correct answer is option D.

Explanation:

The income and interest rates are inversely or negatively related in the goods market.

An increase in interest rate would lead to increase in the cost of borrowing.As a result the capital investment will fall. This would further contribute in a decline in the production. This ultimately causes income level to decline.

In the money market though equilibrium levels of income and interest rate are positively related.

The equilibrium in the money market is determined by the intersection of demand for money curve and supply of money curve.

The demand for money depends on transactionary and precautionary motives. When there is an increase in income, the transactionary demand for money will increase as people will spend more. The increase in demand would cause the interest rate to rise.

In this way, income and interest rate arepositively related in the money market.

7 0

3 years ago

George is in charge of ordering supplies for his employer, and he usually buys these supplies from the same vendors. One of the

laila [671]

Answer:

extranet

Explanation:

According to my research on information technology and business sytems, I can say that based on the information provided within the question George is using a system known as an extranet. Like mentioned in the question this is a private system implemented by a certain company in which they can allow temporary access to those who they conduct business with in order provide them with all the information they need.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

6 0

3 years ago

The following costs are included in a recent summary of data for a company: advertising expense, $85,000; depreciation expense -

vladimir1956 [14]

Answer:

Conversion costs= $488,000

Explanation:

Giving the following information:

depreciation expense - factory building, $133,000

direct labor, $250,000

factory utilities, $105,000

<u>The conversion costs are the sum of direct labor and manufacturing overhead.</u>

<u></u>

Manufacturing overhead= 133,000 + 105,000= 238,000

Direct labor= 250,000

Conversion costs= $488,000

7 0

3 years ago