Answer:
The correct answer is option d.
Explanation:
The marginal tax rate is the ratio of change in the tax rate and change in the tax base. In other words, it is the ratio of change in an individual's tax payment and change in his/her taxable income.
It can be defined as the tax rate on an additional dollar of income. If the marginal tax rate increases with the increase in income, the taxation system is progressive.
Answer:
The amount of cash received will be $6039
Explanation:
The amount of cash received on January 24 will be the net amount after deducting the sales returns and the discount allowed as the payment is made within 10 days period of the sale and the terms 1/10 states a 1% discount if payment is made within 10 days.
The net value of receivables after sales returns = 7000 - 900 = 6100
The discount allowed = 6100 * 1% = 61
Cash to be received = 6100 - 61 = $6039
Salutations!
What is unemployment insurance fund?
Unemployment insurance fund is a short term holiday, or consolation where workers do not work due to personal issues, such as: illness, family cases etc.
Hope I helped :D
Answer:
D
Explanation:
Repairs shouldn’t be recorded to the equipment (asset) account but should be recorded as an expense instead.