1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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)

You might be interested in
Stark Industries was just rated number one for job satisfaction on a survey compiled by an outside entity. The report cited that
Xelga [282]

Answer:

organizational commitment; perceived stress

Explanation:

Organizational commitment is the psychology of the employee towards his organization. This may be good and bad. If employee is happy with his work environment he will try to give the 100% of his job and its increases his working capacity. Employee think good about his organization and want stick with the organization passionately for a longer time. So they have low level of perceived stress.

According to the analysis, strong organizational commitment and reported low levels of perceived stress is the reason that stark industries was rated number one for job satisfaction.

3 0
3 years ago
Which of the following are true about productive efficiency? I. All available resources are employed in production. II. Workers
dalvyx [7]

Answer:

III. Points on the PPF curve are the only ones that achieve "productive efficiency"

Explanation:

What is true about productive efficiency is that Points on the PPF curve are the only ones that achieve "productive efficiency".

Productive efficiency is an economic term that is concerned with producing goods and services with the optimal combination of inputs to produce maximum output for the minimum cost.

For it to be said that an economy is productively efficient means the economy must be producing on its production possibility frontier

Hence productive efficiency happens when production is reportedly occurring along a production possibility frontier (PPF).

7 0
3 years ago
Declining transport rates per unit of weight as the weight shipped increases represents ______.
Likurg_2 [28]

Answer: economy of scale

Explanation:

8 0
1 year ago
Which type of report usually lists just transactions?
Crank

<span>A detailed report is a report that usually lists only transactions. From the name itself, detailed report gives you very detailed information regarding the value of time spent by every member in a certain tasks within a given projects.  It also displays table with data categorizes by users, tasks, and projects, billable time and amount.</span>

3 0
3 years ago
Knowing that global business models are changing, how do you perceive IT systems helping or hindering the change process?
kati45 [8]

Answer:

IT is helping the change process

Explanation:

Information technology has revitalized today's business operations. Business models incorporating IT are fast, cost-friendly, and more responsive to market demand.

As business models endeavor to meet the needs of modern customers, IT is helping the process by offering innovative solutions. Emerging business models are anchored on modern IT.

3 0
3 years ago
Other questions:
  • when your combining like terms and there is only a negative outside of the parethisis what do you do??
    8·2 answers
  • Burr Publishers purchased a building on March 20, 20Y1, for $160,000. Other amounts related to this purchase are as follows:
    5·1 answer
  • Companies generally pay temporary employees lower wages and offer fewer benefits than they extend to their core counterparts. ne
    5·1 answer
  • Relationship-enhancing attributions involve which of the following factors?
    7·1 answer
  • HELP PLEASE NOW!!!!!List the four stages of ability development. Provide an example of a person developing a specific ability. W
    6·1 answer
  • The employees of Beverage Bottling Company designate Cola Cappers Union as their bargaining representative. Beverage refuses to
    10·1 answer
  • Why competition in the marketplace good for the economy
    5·1 answer
  • The risk-free rate of return is 9.0%, the expected rate of return on the market portfolio is 14%, and the stock of Xyrong Corpor
    7·1 answer
  • Renata's US-based lifestyle company decides to invest in a company based in France that specializes in health and wellness. This
    5·1 answer
  • What is cash equivalent????​
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!