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3 years ago

To what does tax progressivity refer?

Business

2 answers:

Ugo [173]3 years ago

6 0

I believe the answer is: c. The relation of tax rate to income

In a tax progressive system, people who earned higher level of income would be subjected to higher tax percentage compared to people who earned lower level of income. This system is created to ensure that people with low level income could still meet their daily needs after paying their tax.

Maslowich3 years ago

5 0

The correct answer is C) The relation of tax rate to income

Tax progressivity basically means that the more you earn the higher your taxes are.

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ABC Company has completed the basic format to be used in preparing the statement of cash flows (indirect method). Listed below i

Wewaii [24]

Answer:

1. b. $1,198 Inflow

2. a. $2,143 outflow

3. a. $1,587 Inflow.

Explanation:

Determination of net cash provided by operating activities

Cash flow from Operating Activities

Net income 1,878

Adjust for :

Depreciation expense 184

Decrease in inventory 253

Increase in prepaid rent (75)

Increase in accounts receivable (530)

Increase in accounts payable 160

Gain on sale of land (136)

Net cash provided by operating activities 1,734

Determination of net cash provided by Investing activities

Cash flow from Investing Activities

Purchase of equipment (2,210)

Cash received from the sale of land 67

Net cash provided by Investing activities (2,143)

Determination of net cash flow by financing activities

Cash flow from Financing Activities

Payment of dividends (360)

Issuance of common stock 2,440

Repayment of notes payable (493)

Net cash flow by financing activities 1,587

3 0

3 years ago

Tech giant, TimeHop was concerned about creating a workspace that was inviting and encouraged collaboration. Knowing that most o

nika2105 [10]

Answer:

The statement is TRUE. Time Hop was concerned with physical design

Explanation:

Tech giant, TimeHop was concerned about creating a workspace that was inviting and encouraged collaboration. Knowing that most of its employees would work odd hours, there was care taken to lighting choices and types of furniture. TimeHop was concerned with physical design.

The statement is true.

7 0

3 years ago

Michael's, Inc., just paid $2.20 to its shareholders as the annual dividend. Simultaneously, the company announced that future d

Whitepunk [10]

Answer:

The maximum price that should be paid for one share of the company today is $54.895

Explanation:

The price of a stock that pays a dividend that grows at a constant rate forever can be calculated using the constant growth model of Dividend discount model (DDM) approach. The DDM values a stock based on the present value of the expected future dividends. The formula for price today under this model is,

P0 = D1 / r - g

Where,

D1 is the expected dividend for the next period or D0 * (1+g)

r is the required rate of return

g is the growth rate in dividends

SO, the maximum that should be paid for this stock today is:

P0 = 2.2 * (1 + 0.048) / (0.09 - 0.048)

P0 = $54.895 rounded off to $54.90

5 0

3 years ago

A firm is selling two products, chairs and bar stools, each at $50 per unit. Chairs have a variable cost of $25, and bar stools

marishachu [46]

Answer:

Break-even point in dollars= $36,364

Explanation:

Giving the following information:

A firm is selling two products, chairs and bar stools, each at $50 per unit. Chairs have a variable cost of $25, and bar stools $20. The fixed cost for the firm is $20,000.

To calculate the break-even point in dollars for the firm, we need to use the following formula:

Break-even point (dollars)= Total fixed costs / [(weighted average selling price - weighted average variable expense)/ weighted average selling price]

weighted average selling price= (selling price* weighted sales participation)= $50

weighted average variable cost= (variable cost* weighted sales participation)

weighted average variable cost= (25*0.5 + 20*0.50)= $22.5

Break-even point in dollars= 20,000/ [(50 - 22.5)/ 50]= $36,364

4 0

3 years ago

Mr. Smith, a cash-basis, calendar-year taxpayer, owns a duplex. He lives in one unit and rents the other unit to an unrelated in

Angelina_Jolie [31]

Answer:

Mr. Smith’s rental expense for this insurance policy is

A. $30

Explanation:

Premiun 360

N 3

year 120

From July to December 60

Duplex insurance e/one 30

5 0

3 years ago