Answer:
a. What is the after state taxes profit in the state with the 10% tax rate?
after state tax profit = $1,015,000 x (1 - state tax rate) = $1,015,000 x 0.90 = $913,500
b. What is the after state taxes profit in the state with the 2% tax rate?
after state tax profit = $960,000 x (1 - state tax rate) = $960,000 x 0.98 = $940,800
Unlike federal corporate taxes which apply to all US corporations regardless of where they operate, state corporate taxes vary a lot depending on the state. Some states do not collect any tax at all (6 states) while others charge taxes that vary from 2.5% to 12%.
New media are forms of media from computers or that rely on computer/digital technology (old media are phones,radios, etc)
Examples of new media: computers, online databases, you tube, social media networks, online news articles, etc.
Answer:
<u>d. a nominal gain, but no real gain, and you paid taxes on the nominal gain.
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Explanation:
<u>Nominal gain:</u> In business, the term "nominal gain" is described as the increase or hike in the price or cost of an asset as per the "federal tax code" and is also denoted as "nominal amount" and is considered as non-adjustable for inflation. However, when a specific product or asset or stock is being sold more than its "actual price" or above its "purchase price" then a gain or profit is noted and hence is taxed.
<u>In the question above, the correct answer is option D.</u>
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<h3>
Answer:</h3>
C) 8 units of utility.
<h3>
Explanation:</h3>
- Marginal utility refers to the change in the total utility that is achieved from the consumption of one more unit of good.
- It is calculated by getting the change in total utility and dividing it by the change in the number of units consumed.
In this case;
First yields = 18 units
Second yields = 18 + 12 units = 30 Units
Third yields = 38 units
Therefore;
Marginal unit = 38 units - 30 units
= 8 units
Therefore, marginal utility is 8 units of utility.