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NikAS [45]
3 years ago
15

The founders of the U.S. wanted to avoid establishing a permanent aristocracy or group of wealthy families who could control a g

reat deal of the nation’s wealth. How is this idea related to estate and gift taxes?
Business
1 answer:
VLD [36.1K]3 years ago
6 0

Answer:

There are two points that I would like to single out that are very similar. First by implementing tax and gift taxes, Founding Father wanted to weaken families and business of that time, since there was a threat that rich families could become permanent aristocracy which over time could lead to the point where that families will rule the US. Second, by implementing those two taxes, government is taking a share from receivers since the receivers are getting some good that they did not earn it, they have just received it as a gift or as an estate. This way inheritance or gift would be of a much lesser value then it was before someone’s death or before someone made a gift. This was important because wealth of powerful families would just accumulate and grow so government of that time, strictly out of political reasons, prescribed those two taxes, so that the wealth will be smaller of value after tax.

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Evaluate the following statement. "We shouldn’t generalize from what people do in the ultimatum game because $10 is a trivial am
Andru [333]

Answer:

People behavior with lump sum amount:

The experimental evidence shows that people always expect to be treated fairly. When people are treated unfairly, then they will reject the offer regardless of the value of money. Thus, the statement that "should not generalize the evident resulted from $10 experiment. When the size of money is large then people will react differently from the evidence" is false.

4 0
3 years ago
for having a manuscript typed at a certain typing service are $5 per page for the first time a page is typed and $3 per page eac
Kipish [7]

Answer:

total cost of having the manuscript type is $680

Explanation:

given data

first time = $5 per page

revised = $3 per page

manuscript = 100 pages

revised only once = 40

revised twice = 10

to find out

total cost of having the manuscript typed

solution

we know for 1st time page  cost is

page 1st time = 100 - 40 - 10  = 50 page

cost 1st time = 50 × $5 per page = $250    .................1

and

for first revision

first revision page = 40

cost of first revision = 40 × ( first time $5 + first revision $3 )

cost of first revision = 40 × 8 = $320       ......................2

and

for second revision

second revision page = 10

second revision cost = 10 ×  ( first time $5 + first revision $3 + second revision $3  )

second revision cost = 10 × 11 = $110     ..........................3

add all 3 equation

total = $250  +  $320 + $110

so total cost of having the manuscript type is $680

6 0
3 years ago
identify a correct statement according to those who believe that regulation of discrimination and other areas of employment rela
Firdavs [7]

An accurate statement according to individuals who trust that regulation of discrimination and other areas of the employment relationship is vital: financial forces do not have the funds for absolute safety against employment discrimination on the basis of race, gender, nationality, or different covered categories.

Employment is described as what you do as a paying job. An instance of employment is running for an espresso save. The definition of employment is the quantity or percent of humans who've jobs. An instance of employment is the share of citizens with paying jobs indexed kingdom by means of the country.

A career by way of which someone earns a dwelling; paintings; enterprise. the full quantity of people gainfully hired or running. an activity or the like that occupies someone's time: She located knitting a comforting employment for her idle hours. Paints and employment may be used indistinctly in normal language, however, for the labor marketplace, they imply very different things. Employment is a totally particular form of work. other styles of work consist of personal-use production work, volunteer paintings, and unpaid trainee paintings.

Learn more about employment here:

brainly.com/question/1991900

#SPJ4

7 0
1 year ago
For business combinations involving less than 100 percent ownership, the acquirer recognizes and measures all of the following a
Mariana [72]

Answer:

b. Liabilities assumed, at book value.

Explanation:

International Financial Reporting Standards (IFRS) and International Accounting Standards (IAS) require everything (Assets, Liabilities and Non-controlling interest) to be measured at the fair market value, the amount a third-party would pay on the open market, at the time of acquisition — the date that the acquirer took control of the target company.

3 0
3 years ago
Businesses can be classified into the following forms: sole proprietorship, partnership, corporation, limited liability company
algol [13]

Answer:

b) Income is allocated on a pro rata basis

Explanation:

A partnership is an agreement between two or more people to oversee a business and share in the profit and losses made by the business.

In a partnership when income comes in it is shared.on a pro rata basis.

This means income is given based on the level of ownership of the business.

For example a partner that has 60% ownership of the partnership is expected to collect 60% of the business income.

Pro rata is also called proportional rate.

8 0
3 years ago
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