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guajiro [1.7K]
1 year ago
6

if government tax policy requires peter to pay $15,000 in tax on annual income of $200,000 and paul to pay $10,000 in tax on ann

ual income of $100,000, then the tax policy is:
Business
1 answer:
serg [7]1 year ago
8 0

If government tax policy requires peter to pay $15,000 in tax on annual income of $200,000 and Paul to pay $10,000 in tax on annual income of $100,000, then the tax policy is: <u>regressive.</u>

<h3>What is tax ?</h3>
  • Taxes refer to a mandatory contributions collected by  government agencies from businesses.
  • Tax revenues fund government activities, such as public works and services such as roads and schools, and programs such as Social Security and Medicare.
  • Collecting taxes and fees is a fundamental way  to generate public revenues that enable countries to fund investments in human capital, infrastructure, and the provision of services to citizens and businesses. .
  • Derived from the Latin taxare, meaning "to assess".
  • Prior to that,  the related word "task" was used in English from Old French.
  • For some time both "tasks" and "taxes" were  in common use, the former requiring labor and the latter requiring money.
  • "Control" then came to mean tiring or challenging.

To learn more about tax from the given link :

brainly.com/question/16423331

#SPJ4

<u />

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VikaD [51]

Answer:

Current liabilities:

Notes payable   $8,000

Non-current/long-term liabilities:

Notes payable     $1,224,000

Explanation:

The actual amount of notes payable at 31st December is the difference between the short-term debt and the amount of cash realized from the issue of common stock whose proceeds are meant to be used in liquidating the short-term debt.

The actual amount of notes payable=$1,232,000-$1,224,000=$8,000

By issuing common stock of $1,224,000 to repay the short-term debt,the $1,224,000 is effectively converted to funding of long-term nature,hence classified as long-term liabilities

7 0
3 years ago
A company planning to market a new model of motor scooter analyzes the effect of changes in the selling price of the motor​ scoo
Andrew [12]

Answer:

A. If the motor scooter is sold for $2.480, then the net present value (NPV) for the product will be zero.

Explanation:

As we believe that The break even point is the point where the organization has no income gained and no loss incurred While the present net value is the value that determines whether or not the projects will be approved after considering the discounted cost.  

It means that if the original investment is less than the present value then the proposal is otherwise refused, the break even point is where the net present value is zero

Hence, the first option is correct

3 0
3 years ago
The "real burden" of the debt is directly related to
goldenfox [79]
Hi.

I think the answer is the idea of opportunity cost.

~
5 0
3 years ago
Which section of a business plan gives details about a business’s core products and services?
yuradex [85]

Answer:

the executive summary. (more info below)

Explanation:

A strong executive summary is a convincing one. It shows the mission statement of the organization, along with a brief summary of its goods and services. It may also be a smart opportunity to clarify briefly why you are beginning your company and to give specifics about your background in the field that you are joining.These four key sections are what the 4 major sections of a business plan, the executive summary, marketing plan, key management bios, and financial plan.

hope this helped!

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3 years ago
Culver Corporation earned $262,000 during a period when it had an average of 100,000 shares of common stock outstanding. The com
Westkost [7]

Answer:

a) The warrant are Dilutive

b) Basic EPS $2.62

c) Diluteed EPS = $2.31

Explanation:

a) The warrants are dilute because the cost of exercising the rights is lover than the market price

b) Basic Eps = Total Earning/Share Outstanding = $262,000/100,000 = $2.62

c) Diluted Eps = Earnings/(Shares outstanding+potential shares)

= $262,000/(100,000+13,500) = $2.31    

5 0
3 years ago
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