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nikdorinn [45]
3 years ago
11

What is the theory that tax cuts can raise supply called

Business
2 answers:
DaniilM [7]3 years ago
8 0
The theory that tax cuts can raise supply is called "supply side economics" or "trickle down economics." These policies were strongly supported by the Reagan Administration in the United States during the 1980s in the hopes of promoting economic growth. The theory functions that the cutting of taxes will help to promote economic growth and development. 
MrRissso [65]3 years ago
4 0

It is SUPPLY-side economics

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3 years ago
In December 2014, Todd, a cash basis taxpayer, paid $1,200 fire insurance for the calendar year 2015 on a building he held for r
Kamila [148]

Answer: D. Todd should include the $500 in 2015 gross income in accordance with the tax benefit rule.

Explanation:

It should be noted that due to the fact that Todd is a cash basis taxpayer, he'll be able to deduct the one-year prepayment for insurance in the year that it was paid, 2014.

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7 0
3 years ago
Harriet Marcus is concerned about the financing of a home. She saw a small cottage that sells for $39,000. Assuming that she put
Leokris [45]

Incomplete question. Here's the remaining part that completes question;

<em>(Use the Table 15.1(a) and Table 15.1(b)). (Round intermediate calculations and your final answers to the nearest cent.)</em>

<em />

<em>Monthly payment </em>

<em>a. 25 Years, 10.5%  </em>

<em>b. 25 Years, 11.5%  </em>

<em>c. 25 Years, 12.5%  </em>

<em>d. 25 Years, 14.0%</em>

<u>Answer:</u>

<u>Monthly payment is $104 for each assumption</u>

<u>Total interest cost</u>

<u>a. $3,276</u>

<u>b. $3,588</u>

<u>c. $3,900</u>

<u>d. $4,368</u>

<u>Explanation:</u>

Total balance left = $39,000-$7800 (20% of Cost of cottage)=$31,200

a) For monthly payment

$31,200/300 months (equivalent For 25 years) = $104

Total cost of Interest= monthly Interest% x monthly payment x 300 months= 10.5% x $104 x 300 months = $3,276.

b) For monthly payment

$31,200/300 months (equivalent For 25 years) = $104

Total cost of Interest= monthly Interest% x monthly payment x 300 months= 11.5% x $104 x 300 months = $3,588.

c) For monthly payment

$31,200/300 months (equivalent For 25 years) = $104

Total cost of Interest= monthly Interest% x monthly payment x 300 months= 12.5% x $104 x 300 months = $3,900.

d) For monthly payment

$31,200/300 months (equivalent For 25 years) = $104

Total cost of Interest= monthly Interest% x monthly payment x 300 months= 14% x $104 x 300 months = $4,368.

7 0
3 years ago
The video describes an instance in which Dominic discovered that a heart surgeon had just taken a new job at a large hospital wh
Maru [420]

Answer:

Prospecting

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8 0
3 years ago
Skysong, Inc. compiled the following financial information as of December 31, 2022:
kifflom [539]

Answer:

$459,000

Explanation:

The computation of the ending retained earning balance is shown below:

Ending retained earning balance is

= Opening retained earning balance + net income - dividend

where

Net income

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= $827,000 - $748,000

= $79,000

Now the ending retained earnings balance is

= $444,000 + $79,000 - $64,000

= $459,000

3 0
2 years ago
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