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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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The listing agent received a full price offer that she faxed to the out-of-town seller. The seller signed the faxed copy, and fa

ExtremeBDS [4]

Answer: Yes contract has been formed.

Explanation: According to the Uniform Electronic Transaction Act (UETA), electronic transactions are just as binding as transactions made on hardcopy documents. Moreover signatures made electronically reinforces the validity of these elctronic documents.

In the scenario the actual signature was signed on a hard copy by the seller, but it was then faxed back to the listing agent. This faxed copy, showing the faxed signature, is an electronic document that confirms the existence of the contract in accordance with the UETA. This faxed signature is as enforceable as an ink signature.

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3 years ago

If no fixed duration of the partnership is specified, the partnership is a partnership in perpetuity, which means that the partn

arsen [322]

The answer is b. false.

In the absence of a partnership agreement on fixed duration, the Partnership Act 1890 may apply.

Under the Act, a partnership will be automatically dissolved if: a partner dies

· a partner becomes bankrupt;

· the court orders it to be dissolved;

· it's illegal to carry on the business of the partnership;

· the partnership was created meet a goal and this specific objective or the project is complete; or

a partner gives notice to dissolve the partnership to the other partners. The

7 0

3 years ago

Which is not one of the four criteria for a geometric setting?

Ipatiy [6.2K]

The Three outcomes which are the success, failure, and proficient are not one of the four criteria for a geometric setting.

The criteria for geometric setting are:
1. Each observation is subdivided into two categories: Success and Failure.
2. The probability of success remains constant for each observation.
3. The observations are always independent.
4. The variable of interest is defined as the number of trials required to obtain the first success.

7 0

3 years ago

Clarissa wants to fund a growing perpetuity that will pay $6000 per year to a local museum, starting next year. She wants the an

likoan [24]

Answer:

She needs $150,000 to fund this perpetuity.

Explanation:

In this question we need to find the present value of this perpetuity. Because this is a growing perpetuity we will need to use the formula of present value of a growing perpetuity.

PV of growing perpetuity = Payment/ R-G

The payment is the current payment the perpetuity will pay which is 6,000, R is the interest rate which is 10% and G is the growth rate of the perpetuity which is 6%. Now we will input these values in the formula in order to find the present value of the perpetuity.

6,000/0.1-0.06

=6,000/0.04

=150,000

4 0

3 years ago

A country reported nominal GDP of $200 billion in 2010 and $180 billion in 2009. It also reported a GDP deflator of 125 in 2010

QveST [7]

Answer:

19%

Explanation:

Given that,

Nominal GDP in 2010 = $200 billion

Nominal GDP in 2009 = $180 billion

GDP deflator in 2010 = 125

GDP deflator in 2009 = 105

Percentage change in prices:

= Percentage change in GDP deflator

= (Change in GDP deflator ÷ GDP deflator in 2009) × 100

= [(125 - 105) ÷ 105] × 100

= (20 ÷ 105) × 100

= 0.19 × 100

= 19%

Therefore, the prices increases by 19%.

6 0

3 years ago