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3 years ago

What is the major source of revenue for most state governments?

Business

2 answers:

elena-s [515]3 years ago

8 0

B: sales and individual income taxes

Tpy6a [65]3 years ago

7 0

Answer:

A: Sales and individual income taxes.

Explanation:

States collect taxes from individuals and organizations to maintain the state government operation and public services and they are different in each state as the states define their tax system. State governments collect taxes from 3 major sources that are sales, income and property taxes. According to this, the answer is that the major source of revenue for most state governments is sales and individual income taxes.

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Qualified dividends may be subject to a marginal tax rate of 23.8 percent (20 percent for the capital gain and 3.8 percent tax o

djverab [1.8K]

Answer:

True

Explanation:

Qualified dividends are ordinary dividend that enjoy special tax privilege by being taxed at lower rate. The rate is based on specific tax rate which range from 0% to 20% depending on the income threshold. Though these dividends are taxed based on this specific lower tax rate compare to income tax rate, they are also subjected to net investment income of 3.8% if they earn above certain threshold.

However for dividends to be qualified, it must meet the two requirements given by the Internal Revenue Service (IRS). The requirements are:

*The dividend must have been paid by an entity incorporated in the United States or a qualifying foreign entity.

* The stock must have been held within the minimum holding period specified by the tax law.

So the answer is true because qualified dividends may be subject to a marginal tax rate of 23.8% for taxpayers with income over a certain threshold as explained above.

5 0

3 years ago

Mueller Company sold merchandise costing $120,000 for $240,000. Mueller estimates that merchandise costing $5,000 will be return

Yanka [14]

Answer:

The answer is $230,000

Explanation:

Net sales is the sum of a company's gross(total) sales minus any returned goods, sales allowances and/or discounts. The total amount of revenue on a company's income statement is the net sales.

Gross sales - $240,000

Merchandise returned - $10,000

Net sales = Gross sales - goods returned

$240,000 - $10,000

= $230,000

7 0

3 years ago

Roger is hired by an international HR consulting firm as its Outplacement Counselor. Prior to receiving extensive training on th

Roman55 [17]

Answer:

The correct option here is B)

Explanation:

The non compete clause is an agreement between an employer and employee ( as it is in this question between Roger and HR consulting firm ) , where an employee agree to the wishes of employer to not to work for firms which are competing against the employer in the same market.

4 0

3 years ago

Ruben is a travel agent. He intends to sell his customers a special round-trip airline ticket package. He is able to purchase th

mars1129 [50]

Answer:

He would need to sell 130 ticket packages to break even

Explanation:

Breakeven quantity are the number of units produced and sold at which net income is zero

Breakeven quantity = fixed cost / price – variable cost per unit

Variable cost is cost that varies with output. If output is zero, no variable cost would be incurred.

Fixed cost is cost that does not vary with output.

$\frac{5200}{200 - 160}$

$\frac{5200}{40}$ = 130

7 0

2 years ago

Suppose that France and Denmark both produce fish and stained glass. France's opportunity cost of producing a pane of stained gl

andriy [413]

Answer:

France has a comparative advantage in the production of stained glass.

Denmark has a comparative advantage in production of fish.

France will gain from trade as long as it gets more than 3 pounds of fish for each pane of stained glass.

Denmark can gain from trade if it gets more than 0.09 pane of stained glass for each pound of fish it exports.

4 pounds of fish per pane of stained glass.

7 pounds of fish per pane of stained glass.

Explanation:

France and Denmark both produce fish and stained glass.

France's opportunity cost of producing a pane of stained glass

= 3 pounds of fish

Denmark's opportunity cost of producing a pane of stained glass

= 11 pounds of fish

France's opportunity cost of producing a pound of fish

= $\frac{1}{3}$

= 0.33 pane of stained glass

Denmark's opportunity cost of producing a pound of fish

= $\frac{1}{11}$

= 0.09 pane of stained glass

France has a lower opportunity cost of producing stained glass so we can say it has a comparative advantage in the production of stained glass. While Denmark has a comparative advantage in the production of fish.

If both countries start to trade with each other, France will gain from trade as long as it gets more than 3 pounds of fish for each pane of stained glass.

While Denmark can gain from trade if it gets more than 0.09 pane of stained glass for each pound of fish it exports.

Both the countries will gain from trade if the trade price lies between their opportunity cost. both countries will gain from trade if the price is 4 pounds of fish per pane of stained glass or 7 pounds of fish per pane of stained glass.

8 0

2 years ago