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
Diano4ka-milaya [45]
2 years ago
15

1. Do you think it is a good idea to have employers withhold

Business
1 answer:
Alina [70]2 years ago
5 0

Answer:

No,

Explanation:

The tax withholding system is something that most of us take for granted, but the concerned citizens, politicians and economists who have analyzed it have many criticisms of the system.

Taxpayers have no idea how much they pay and are apathetic about tax rates

If taxpayers had to make one large payment, they would know exactly how much they were forking over for federal taxes, Social Security taxes, Medicare taxes and state taxes. Since the money is taken gradually, many people never pay attention to the full amount, which makes it easier for high tax rates to persist and for the government to increase tax rates. For example, the state of California in 2009 decided to use the tax withholding system to take a large, interest-free loan from its taxpayers. It increased the withholding tax by 10%, and even journalists didn't seem to notice until the days before the rate hike was implemented. The government says it will refund the borrowed money in April.

You might be interested in
In voluntary exchange, if the seller of a product gains,
Ber [7]
The answer to this question is C. The buyer must also gain; Mutual gain provides the foundation for exchange.
6 0
3 years ago
A landowner in fee simple signed a promissory note for $10,000 to a bank, and secured the note by a mortgage of her land to the
iren [92.7K]

Answer:

D) Both the landowner and the attorney.

Explanation:

The bank will succeed in obtaining a judgement against both the former landowner and the attorney. The bank can sue either of them or both of them, but it can only collect the $5,000 once.

  • When the attorney assumed the mortgage, he expressly promised to pay it. The lender becomes a third party beneficiary of the attorney's promise to pay and can sue him if the mortgage isn't paid.
  • The former landowner became secondarily liable to the lender in case the attorney didn't pay.

7 0
3 years ago
The mayor of Workerville proposes a local payroll tax to fund a new water park for the city. The mayor proposes to collect half
scZoUnD [109]

Answer:

It is true because the mayor will be able to divide successfully the burden of the tax equally if the demand for labor and supply of labor are similarly elastic.

<u>Explanation:</u>

If the labor demand curve is elastic, a little reduction in the compensation will be adequate to build the amount of labor requested to assimilate the expanded inventory. In either case, the harmony will be reestablished with a little change in the pay.

The extent of the impact of welfare change on wages and labor is profoundly subject to the versatility of work requests and work supply. The effect of the versatility of work request and work supply on the rate change in wages and business can be gotten by separating different elasticity's .

<u></u>

<u />

7 0
3 years ago
How makes emerging technology happen​
Law Incorporation [45]
Relatively fast growth, coherence, prominent impact, and uncertainty and ambiguity.
3 0
2 years ago
In what type of economy do individuals and firms determine what will be produced?
Katen [24]

Answer:

market

Explanation:

5 0
3 years ago
Read 2 more answers
Other questions:
  • Which of the following serves as the central bank for the United States?
    9·1 answer
  • Jessica ulta works as an employee for city service credit union and is responsible for consulting on loans, talking clients thro
    15·2 answers
  • Portia Grant is an employee who is paid monthly. For the month of January of the current year, she earned a total of 8,888. The
    11·2 answers
  • Manny's manager wants to add each client's birthday to the database. manny will need to _____.
    8·2 answers
  • What annual growth rate is needed for a country to double its output in each of the following cases? Instructions: Round your an
    11·1 answer
  • How does investing in successful business ideas earn you money?
    10·1 answer
  • Randomly listed below are the steps for preparing a trial balance: (1) Verify that the total of the Debit column equals the tota
    13·1 answer
  • According to the IASB Framework for the Preparation and Presentation of Financial Statements, the qualitative characteristic of
    13·1 answer
  • Your sister just deposited $14,000 into an investment account. She believes that she will earn an annual return of 10.5 percent
    5·1 answer
  • What is characteristic of an organization in which salespeople do most or all of their own marketing?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!