All categories

3 years ago

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

Business

1 answer:

Alina [70]3 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

Centrifuge is a device used to separate solid components .true or false

kap26 [50]

Answer: True

Explanation: Hope This Helps :)

7 0

3 years ago

An increase in accounts receivable will result in a(n) ______ in cash from sales revenue when using the direct method to determi

guajiro [1.7K]

When using the direct method for cash flows, one will notice that an increase in accounts receivable would result in a <u>DECREASE </u>in cash.

When an accounts receivable increases:

It means that more debt has been incurred by debtors
It means that less money entered into the company as people took goods but did not pay cash for them

Because the people did not pay cash for the goods yet took the goods, the company will see a reduction in its cash balance as the cash value of the goods left the company and there was no cash inflow from that activity.

In conclusion, an increase in accounts receivable leads to a decrease in cash.

<em>Find out more at brainly.com/question/25491863. </em>

8 0

3 years ago

A team member who supports the team by performing his or her assigned duties is a

kolezko [41]

Answer:

team leader

Explanation:

3 0

3 years ago

Read 2 more answers

Consider the information about the economy of Pakistan. Note that the currency of Pakistan is the rupee. The government purchase

wlad13 [49]

Answer:

Explanation:

GDP = C + I + G + NX

Where, C = Consumption, I - Investment, G - Government Purchases, NX - Net Exports

GDP = 11.00 + 1.20 + 3.10 + (1.20 - 2.32)

= 14.18 trillions of Rupees

6 0

3 years ago

Assume that interest rates on 20-year Treasury and corporate bonds with different ratings, all of which are noncallable, are as

Elina [12.6K]

Answer:

The question is missing the options which are below:

A Real risk-free rate differences.

B Tax effects.

C Default risk differences.

D Maturity risk differences.

E Inflation differences.

The correct answer is option C,default risk differences.

Explanation:

Default risk is the increase in return given to an investor to compensate the investor for the likely losses that may arise due to the inability of the borrower to make funds available to the investor on the maturity date or even in required amount.

Different debt instruments have different default risk depending on their credit rating as rated by international rating agencies.Such rating is a function of many factors,which includes:

Balance sheet position

Profitability

Liquidity strength of the company

Macro-economic factors and some others.

Liquidity refers to the ability of the company to settle obligations such as repayment of bonds and interest when due.

Invariably,liquidity has a higher impact in determining credit rating as well as default risk of an instrument.

3 0

3 years ago