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IrinaK [193]
3 years ago
13

Many people have argued that an income tax should be​ "marriage neutral," that​ is, two people should pay the same total tax whe

ther they are married or they are single. Suppose Amanda earns​ nothing, Ben earns​ $60,000, and Cathy and Dylan each earn​ $30,000. They are all single. Amanda pays no tax because she has no income. If they all live in a country that has a progressive income​ tax, which will be​ higher: the tax that Ben pays or the sum of the taxes Cathy and Dylan​ pay?
Business
1 answer:
worty [1.4K]3 years ago
7 0

Answer:

Ben would pay more in taxes.

Explanation:

A progressive income tax increases the tax rate as the taxpayer earns more money.

In this case, Ben would be taxed as earnings $60,000 which is probably a much higher tax rate than the applicable one for $30,000. If we use the current tax brackets for 2020, Ben would fall under the 22% tax bracket while both Cathy and Dylan would fall under the 12% tax bracket. Obviously Ben would pay much more in taxes.

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housing is a generic term that includes any form of housing that is manufactured by precision techniques in a factory setting an
natita [175]

Factory built Housing is a generic term that includes any form of housing that is manufactured by precision techniques in a factory setting and then transported to the building site for final assembly.

<h3>What is Factory built Housing?</h3>

Factory-Built Housing  can be described as the  residential building as well as  dwelling unit and it can as well be regarded as the individual dwelling room where parts can be stored.

It should be noted that this could be the  combination of rooms,  as well as the building components, assembly,  which help to concealed parts or processes of manufacturing before installation.

Hence , Factory built Housing is a generic term that includes any form of housing that is manufactured by precision techniques in a factory setting and then transported to the building site for final assembly.

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CHECK THE COMPLETE QUESTION:

---------------housing is a generic term that includes any form of housing that is manufactured by precision techniques in a factory setting and then transported to the building site for final assembly.

5 0
1 year ago
Journalize the following transactions assuming a perpetual inventory system:
natulia [17]

Answer:

May 5

Merchandise Inventory $6,000 (debit)

Freight Charges $100 (debit)

Accounts Payable : Archie Co. $6,000 (credit)

Cash $100 (credit)

May 12

Accounts Payable : Archie Co. $2,500 (debit)

Merchandise Inventory $2,500 (credit))

May 14

Accounts Payable : Archie Co. $3,500 (debit)

Discount Received $70 (credit)

Cash $3,430 (credit)

Explanation:

May 5

Recognize the Assets of Merchandise and a Liability : Accounts Payable : Archie Co. as a result of purchase.

Also Recognize the Freight Expenses since this is a F.O.B delivery

May 12

De-recognize the Liability  : Accounts Payable -  Archie Co. and the Merchandise Inventory asset to the extend of Merchandise returned to Archie Co.

May 14

De-recognize the Liability  : Accounts Payable : Archie Co. of $3,500 and the Cash assets to the extend of Payment made  to Archie Co less cash discount of $3,430 .

5 0
3 years ago
Present value of dividends: Fresno Corp. is a fast-growing company whose management expects it to grow at a rate of 30 percent o
klasskru [66]

Answer:

Explanation:

Dividends through year 1 to 5:

D1 = 2.15*(1+0.30)^1 = 2.80

D2 = 2.15*(1+0.30)^2 = 3.63

D3 = 2.15*(1+0.30)^2 * (1+0.18)^1 = 4.29

D4 = 2.15*(1+0.30)^2 * (1+0.18)^2 = 8.58

D5 = 2.15*(1+0.30)^2 * (1+0.18)^3 = 12.86

PV (D1) = 2.80

PV (D2) = 3.63 *PVIF = 3.63 * 0.87719 = 3.19

PV (D3) = 4.29 * 0.76947 = 3.30

PV (D4) = 8.58 * 0.67497 = 5.79

PV (D5) = 12.86 * 0.59208 = 7.62

Total of all PV's = 22.69

4 0
3 years ago
_____ is the breaking down of large shipments of similar merchandise into smaller, more usable quantities that can be sold to co
Arturiano [62]

Breaking bulk is the breaking down of large shipments of similar merchandise into smaller, more usable quantities that can be sold to consumers and end users

<h3>What is breaking bulk?</h3>

Breaking bulk can be regarded as the process involving delivering single units  to retail outlets,, this is different from delivering using alot of units.

Therefore,  breaking bulk involves distribution of goods and merchandise from the distribution centers using segments rather bulk.

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3 0
2 years ago
Ballard Company incurred a total cost of $8,500 to produce 400 units of pulp. Each unit of pulp required six (6) direct labor ho
Strike441 [17]

Answer:

$4,900

Explanation:

Given that,

Total cost at a production level of 400 units = $8,500

Each unit of pulp requires = 6 direct labor hours

Variable cost = $1.50 per direct labor hour

Total variable cost:

= Cost per direct labor hour × Direct labor hours required for each unit × No. of units produced

= $1.50 × 6 × 400

= $3,600

Total cost is sum total of total fixed cost and total variable cost.

Total cost = Total fixed cost + Total variable cost

$8,500 = Total fixed cost + $3,600

$8,500 - $3,600 = Total fixed cost

$4,900 = Total fixed cost

5 0
3 years ago
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