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3 years ago

How much does the United States government make in taxes?

1 answer:

5 0

Government Revenue: the Sources. The governments in the US collect about $4.2 trillion in a year income and payroll taxes. Income tax is where governments collect the most tax: in federal, state, and local income tax they will collect about $2.6 trillion in 2018.

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After a recent divorce, Mary is trying to get her finances in order. She has taken full-time work at the university but is unsur

zzz [600]

Answer:

you see if i were mary

Explanation:

i would just restart my whole life and take all the negitive things out of my life and focus on the positive. she should keep her house and still continue to work

4 0

3 years ago

To an economist, an increase in demand means the same thing as an increase in quantity demanded.

Morgarella [4.7K]

This is false. An increase in demand is more major than an increase in quantity demanded. Quantity demand refers to the demand of a product at a particular price and is only a movement on the demand curve. An increase in demand would cause the demand curve to shift which is more major than a movement and it encompasses the entire relationship between price and demand.

7 0

3 years ago

Bill and Brenda bought their home for $150,000. They made $50,000 of improvements. They sold the home for $450,000 and paid $30,

adell [148]

Answer:

Explanation:

Capital gains tax is a tax that is levied on the profit made from the sale of a non-inventory asset. The most common sources of capital gains are through the sale of bonds, precious metals, stocks, property, and real estate.

The IRS typically allows an exclusion of up to: $250,000 of capital gains on real estate for a single person and $500,000 of capital gains on real estate for a married couple who are filing jointly.

To find the amount on which they pay capital gains:

The adjusted basis is $200,000 which is:

Initial cost of buying the house for $150,000, plus cost of improvements $50,000.

The sales price of $450,000 minus the selling expenses which cost $30,000.

The amount realized is therefore:

$450,000 - $30,000 = $420,000.

Note: They will receive an exclusion of $500,000 because they are filing jointly. So Bill and Brenda will not pay any capital gains tax.

6 0

2 years ago

Read 2 more answers

Company Z is a U.S. company that is the first in this country to produce a good that is already produced in many foreign countri

lina2011 [118]

Answer:

Infant industry.

Explanation:

In this scenario, Company Z is a U.S. company that is the first in this country to produce a good that is already produced in many foreign countries and sold in the United States. Most likely, the argument it will voice in its attempt to be protected from foreign competition is the infant industry argument.

An infant industry can be defined as an industry that is still in its early stages of development and as such are not capable of competing with foreign companies.

Hence, according to the infant industry theory the argument would be that infant industries should be offered some kind of protection from competitors in other industries either foreign or local until they mature and develop a good and reputable economies of scale.

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3 years ago

When does the Murderer strike? The ANS is , .

OleMash [197]

Answer:

at midnight

Explanation:

7 0

3 years ago