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3 years ago

Jurisdiction M imposes an individual income tax based on the following schedule.

Business

1 answer:

labwork [276]3 years ago

8 0

Answer:

D) Both A. and B. are true.

A) The schedule provides no information as to whether Jurisdiction M's tax is horizontally equitable.
B) Jurisdiction M's tax is vertically equitable.

Explanation:

When we are talking about horizontal equity of a tax, we are talking about how the tax base is measured and the ability that taxpayers have to pay the tax. There is nothing here about tax base or taxpayers' ability to pay.

On the other hand, vertical equity deals with the tax rate structure. In this case, the tax rate is progressive, meaning that it increases as the taxpayers' income increases. Progressive taxes are vertically equitable.

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I found this data from Table 7.3
 Labor Input Output
 0 0
 1 40
 2 70
 3 90
 4 100
 5 105
 6 108

Labor Cost = Labor Input x 30
Output Sales = Output x 6
Revenue = Sales - Cost

 Labor cost Output Sales
 0 0
 30 240
 60 420
 90 540
 120 600
 150 630
 180 648

 Labor Input Output Labor cost Output Sales Revenue
 0 0 0 0 0
 1 40 30 240 210
 2 70 60 420 360
 3 90 90 540 450
 4 100 120 600 480
 5 105 150 630 480
 6 108 180 648 468

Labor Unit 4 and 5 both have a revenue of 480. It is the maximum revenue. I think the best option would be C. 4 UNITS.

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3 years ago

Deadweight losses occur when the quantity of an output produced is:

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2 years ago

Consumer protections related to the Internet and telecommunications and direct-mail fraud are covered under the Financial Practi

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False, it is not protected

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3 years ago

1. A computer game that can be purchased online and played right away has good ___ utility. A) form. B) info. C) value. D) time

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3 years ago

In its first 10 years a mutual fund produced an average annual return of 20.4420.44%. Assume that money invested in this fund c

mr Goodwill [35]

Answer:

3.73 years or 4 years approx

Explanation:

The computation of the number of years taken for money invested for double is shown below:

As we know that

Amount = Principal × (1 + interest rate ÷ time period)^interest rate × time period

where,

We assume the principal be P

And, the amount is 2P

And, the other values would remain the same

So,

2P = P (1 + 0.2044 ÷ time period)^ 1 × time period

2 = (1.2044)^ time period

Now take the log both sides

ln2 = ln (1.2044)^time period

ln2 - time period ln (1.2044)

So,

time period = ln(2) ÷ ln (1.2044)

= 3.73 years or 4 years approx

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3 years ago