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rjkz [21]
3 years ago
10

Jamal is a nurse and earns $48,000 per year. He lives in California and pays about 6 percent of his income in state income taxes

. His sales tax rate is 8 percent. Diamond is an accountant and earns $50,000 per year. She lives in Arizona and pays about 3 percent of her income in state income taxes. Her sales tax rate is 9.5 percent. Jamal and Diamond are calculating their taxes for the year. They both have no dependents, so their federal tax rates are the same. Who would pay more in federal income taxes? Who would pay more in sales taxes when making purchases?
Business
2 answers:
Klio2033 [76]3 years ago
8 0

Answer:

1. Diamond

2. Diamond

Explanation:

VikaD [51]3 years ago
3 0

Answer:

A. Diamond

B. Diamond

Explanation:

Diamond earns more than Ethan and therefore pays more tax. The sales tax in Diamond community is higher comparing to Ethan

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I believe the correct answer is Theory X.
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3 years ago
22. Which one of the following is correct regarding the utilization of a good without an alternative use?
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Answer:

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8 0
1 year ago
Tom operates an illegal drug-running operation and incurred the following expenses:Salaries $ 75,000Illegal kickbacks 20,000Brib
SSSSS [86.1K]

Answer:

Correct option is B

$160,000

Explanation:

From the question above, Cost of goods sold of $160,000 is treated as a negative item in calculating gross income rather than as a deduction.

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8 0
3 years ago
You establish a straddle on Fincorp using September call and put options with a strike price of $80. The call premium is $7.00 a
Nina [5.8K]

Answer: $15.50

Explanation:

From the question, we are informed that someone establish a straddle on Fincorp using September call and put options with a strike price of $80 and that the call premium is $7.00 and the put premium is $8.50.

The most that can be lose on this position will be the addition of the call premium and the put premium. This will be:

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= $15.50

6 0
3 years ago
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Answer:

I think C is correct answer

8 0
2 years ago
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