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Alex17521 [72]
3 years ago
14

A city government imposes a proportional income tax on all people who earn income within its city limits. In​ 2004, the​ city's

income tax rate was 0.050.05 ​(55 ​percent), and it collected ​$20.0020.00 million in income taxes. In​ 2005, it raised the income tax rate to 0.060.06 ​(66 ​percent), and its income tax collections declined to ​$19.2019.20 million. What happened to the​ city's income tax base between 2004 and​ 2005?
Business
1 answer:
lukranit [14]3 years ago
8 0

Answer:

The city's income base fell by $80 million

Explanation:

If during 2004 the city was able to raise $20 million with a 5% income tax, then the city's income base was:

($20 million / 5) x 100 = $400 million

If during 2005 the city was only able to raise $19.20 million with a 6% income tax, then the city's income base lowered to:

($19.20 million / 6%) x 100 = $320 million

This means that the city's income base was reduced by $80 million (= $400 million - $320 million)

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a. 57 percent of the U.S. M1 money supply.

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Vertical marketing systems are best described as ______. Multiple choice question. the elimination of costly backward and forwar
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professionally managed and centrally coordinated marketing channels.

Explanation:

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Vertical marketing systems used as a promotional and sales technique of goods and services by various business firms are best described as professionally managed and centrally coordinated marketing channels.

6 0
2 years ago
What is the best definition of a conclusion?​
vfiekz [6]

Answer:

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5 0
3 years ago
After learning about inflation and some of its history, what would be the inflation target that is most advisable for an economy
Talja [164]

Answer:

1-2%

Explanation:

In simple words, every nation in the world have some kind of central authority that works to control and keep the inflation as low as possible. However, too low inflation can also lead to recession which brings problems way worse than inflation.

Thus, keeping in mind about all the information we have studied, it is advisable to keep inflation at 1% or 2% band, so that economy can grow moderately along with no price pressure on consumers.

8 0
2 years ago
Pottery Crane Inc. has been manufacturing its own finials for its curtain rods. The company is currently operating at 100% of ca
harkovskaia [24]

Answer: See explanation

Explanation:

a. Direct material = 4 × 33300 = Make $133200 ; Net income increase

Direct labor = 5 × 33300 = Make $166500 ; Net income increase

Variable costing= 0.61 × $166500 = Make $101565 ; Net income increase

Fixed manufacturing = Make 43100 ; Buy 43100 ;

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Total annual cost:

Make: $444365

Buy: $481328

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b. No, Pottery Ranch should not buy the finials. There's an incremental cost of $36963.

c. Incremental revenue = $50,367

Incremental cost = $36963

Incremental revenue = $50367 - $36963 = $13404

In this case, it should be bought.

5 0
3 years ago
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