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2 years ago

How does income inequality affect American taxpayers

1 answer:

3 0

If the tax system in the US is progressive, then those with lower income will pay proportionally less than those with higher income as the latter will have a higher tax rate but in fact the rich people usually have or find a lot of tax loopholes to reduce their taxes so may still not be paying a fair share of their taxes compared to the poor people who don't have these loopholes.

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At the beginning of the year, a company predicts total overhead costs of $690,900. The company applies overhead using machine ho

nignag [31]

Answer:

$9,400

Explanation:

We know,

predetermined overhead rate for machine hour = $\frac{total overhead cost}{total machine hour}$

Given,

Total overhead cost = $690,900

Total machine hours = 1,470

Putting the values into the formula, we can get

predetermined overhead rate for machine hour = $\frac{690,900}{1,470}$

predetermined overhead rate for machine hour = $470

When we use a separate job, the overhead cost will be = predetermined overhead rate × total hours used by the job.

The amount of overhead should be applied to Job 65A if that job uses 20 machine hours during January = 20 hours × $470 = $9,400

6 0

2 years ago

Mervon Company has two operating departments: Mixing and Bottling. Mixing has 350 employees and Bottling has 350 employees. Indi

krok68 [10]

Answer:

Allocated administrative cost for mixing is $81000

And allocated administrative cost for for bottling is $81000

Explanation:

We have given total number of employs for mixing = 350

And total number of employs for bottling = 350

Administrative cost = $162000

So total number of employs = 350+350 = 700

So allocation base for mixing $=\frac{350}{700}=0.5$

So allocated amount for mixing = 0.5×$162000 = $81000

Allocation base for bottling = $=\frac{350}{700}=0.5$

So allocated amount for bottling = 0.5×$162000 = $81000

3 0

3 years ago

A newly created design business called Smart Art is just finishing up its first year of operations. During the year, there were

vladimir2022 [97]

Answer:

Bad debts expenses shall be $ 850

Explanation:

The balance in the bad debts expense account shall be the aggregate of the amounts written off and the estimated uncollectible accounts based on ageing at the year end.

Amount written off during the year $ 650

Estimated uncollectible account provided at year end <u>$ 200</u>

Total Bad Debts expenses $ 850

4 0

3 years ago

Read 2 more answers

Under what conditions can a good separation be achieved with a simple distillation?

Reil [10]

Distillation is a process that can separate a mixture, composed of two or more components, by using selective evaporation and condensation. In this process is important to have the components with different boiling points, otherwise it's not possible to separate.
That means, that a good separation can be achieved if the boiling points have a large difference.

6 0

2 years ago

Decisión grids are valuable tools because they help us

jenyasd209 [6]

Answer:

There are any number of valid responses – <em>see below</em>.

Explanation:

Decision grids are valuable tools because they help us:

Evaluate and prioritize a list of options
Make the best choices at the least cost
Make wise decisions in a range of contexts
Consider the cost and benefits of a decision
Reduce subjectivity to help make sound conclusions
See what we gain and lose by choosing between alternatives

8 0

3 years ago