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motikmotik
3 years ago
6

What happens to your tax liability with proper financial planning?

Business
2 answers:
Julli [10]3 years ago
5 0

Answer:

Minimize

Explanation:

The tax liability is the amount of money that an individual, an organization or an institution owes to the government, and has to pay for the profits he has made in the current year. Through proper planning you can minimize your tax liability, how´s this?, well you can buy things and declare them, or you can donate a certain amount of money to a charity tht you choose, in order to save some tax dollars or at least send them where you think they could serve better.

Ilya [14]3 years ago
3 0

Answer:

Minimize is the correct answer for plato users

Explanation:

You might be interested in
The following information came from the income statement of the Wilkens Company at December 31, 2017: sales revenue $1,800,000;
andriy [413]

Answer:

Wilkens' days in inventory for 2017 = 60.833

Explanation:

Given:

Sales = $1,800,000

Beginning inventory = $160,000

Ending inventory = $240,000

Gross profit = $600,000

Inventory turnover = 6 times

Wilkens' days in inventory for 2017 = ?

Computation of Wilkens' days in inventory for 2017:

Wilkens' days in inventory for 2017 = Number of days in a year / Inventory turnover

Wilkens' days in inventory for 2017 = 365 / 6 times

Wilkens' days in inventory for 2017 = 60.833

7 0
3 years ago
If the demand for steak (a normal good) shifts to the left, the most likely reason is that:______.
S_A_V [24]

If the demand for steak (a normal good) shifts to the left, the most likely reason is that consumer income has fallen.

<h3>What is a normal good?</h3>

Normal goods are goods that are goods whose demand increases when income increases and falls when income falls.

The demand curve shows the relationship between price and quantity demanded. A shift to the left of the demand curve indicates that demand has decreased.

To learn more about normal goods, please check: brainly.com/question/2934596

#SPJ1

4 0
1 year ago
Charley spends all of his income on soft drinks and pizza. Suppose he is currently buying these products in amounts such that hi
tangare [24]

Answer:

The correct option is B. No, he should shift consumption toward soft drinks and away from pizza to maximize total benefits.

Explanation:

Note: This question is not complete because some important figures and points are missing in it. These figures and points are therefore provided to complete the question before answering it as follows:

Charley spends all of his income on soft drinks and pizza. Suppose he is currently buying these products in amounts such that his marginal benefit from an additional soft drink is $100 and his marginal benefit from an additional slice of pizza is $110. If the price of a soft drink is $2 and the price of a slice of pizza is $3, is Charley maximizing his total benefits?

A. No, he should increase his consumption of both goods.

B. No, he should shift consumption toward soft drinks and away from pizza to maximize total benefits.

C. Yes, there is no other consumption choice that will make his total benefits greater.

D. No, he should shift consumption toward pizza and away from soft drinks to maximize total benefits.'

The explanation of the answer is now provided as follows:

Under utility maximization theory, the condition for the utility or benefit maximization for two goods is as follows:

MBs / Ps = MBp / Pp ……………………………. (1)

Where:

MBs = Marginal benefit from an additional soft drink = $100

MBp = Marginal benefit from an additional slice of pizza =$110

Ps = Price of a soft drink = $2

Pp = Price of a slice of pizza = $3

Subtitling the relevant values, we have:

MBs / Ps = Marginal utility per dollar spent on soft drinks = $100 / $2 = 50

MBp / Pp = Marginal utility per dollar spent on soft pizza = $110 / $3 = 36.67

This implies that 50 = MBs / Ps > MBp / Pp = 36.67

The decision rule is that the limited money income should be spent by a consumer on the good which gives the higher marginal utility per dollar in order to maximize marginal benefit.

Since 50 = MBs / Ps > MBp / Pp = 36.67 above, this implies that Charley is NOT maximizing his total benefits. To maximize his total benefits, Charley should consume more of soft drinks and less of pizza until the condition is consistent with equation (1).

Therefore, the correct option is B. No, he should shift consumption toward soft drinks and away from pizza to maximize total benefits.

7 0
2 years ago
If Papa John's wants to determine the impact of different coupon offers on pizza unit sales, it needs to conduct:
Jobisdone [24]

Answer: (A) Experimental research

Explanation:

 The experimental research is one of the type of method that helps in determining the different types of data by using the scientific approach and it also control all the scientific variable information that can controlled all the manipulated data or information in the system.

The main purpose of the experimental research is that it helps in establish the relationship of the two variables and also used for the investigation purpose.

 According to the given question, the papa john wanted to determine re different coupons on the pizza sales unit and he basically needs for conducting the experimental research.

Therefore, Option (A) is correct.  

7 0
2 years ago
(1 point)
9966 [12]

Answer:

The correct answer is Cash to Close number

Explanation:

Closing disclosure is the disclosure which provided by the lender to the person 3 days before closing. It states the final costs as well as the terms of the mortgage.

And the amount of money which is required to close so that loan can be processed is referred to as the Cash to close number. In other words, it is the amount needed to bring the table for closing the deal involving the closing cost and down payment.

4 0
3 years ago
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