Option[A] is the correct answer.
Corporation and limited liability (limited partnership) company taxed twice.
Before any earnings may be distributed to shareholders, the corporation must pay income tax at the corporate rate. Any gains that are then dispersed as dividends to shareholders are again taxed at the recipient's individual rate. The company profits are thus subject to two separate income tax rates.
<h3>What is Double Taxation?</h3>
When business profits are taxed both at the corporate and personal levels, C corporations are subject to double taxation. Before any earnings may be distributed to shareholders, the corporation must pay income tax at the corporate rate. Any gains that are then dispersed as dividends to shareholders are again taxed at the recipient's individual rate. The company profits are thus subject to two separate income tax rates.
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Answer:
<u>a. $25</u>
<u>b. & c. $45, $25, $0</u>
Explanation:
a. To charge the same price to each of his customers, Jonas will charge the least amount= $25 (offered by Zander)
b. Consumer surplus
I) For Xavier = $70 - $25 = $45
II) For Yasha = $50 - $25 = $25
III) For Zander = $25 - $25 = $0
c. Producer Surplus
I) For Xavier = $70 - $25 = $45
II) For Yasha = $50 - $25 = $25
III) For Zander = $25 - $25 = $0
Explanation:
The adjusting entry is shown below:
Supplies expense A/c Dr $5,130
To Supplies A/c $5,130
(Being supplies account is adjusted)
The supplies expense is computed below
= Purchase of supplied made - supplies still on hand
= $7,160 - $2,030
= $5,130
We simply debited the supplies expense account and credited the supplies account
Answer: Option(b) is correct.
Explanation:
Correct option: Whether consumers care about fairness when they make decisions.
The Ultimatum game and the dictator game economists generally used to know the fairness and the economic behavior of the consumers.
The dictator game is a derivative of the ultimatum game.
From these two games it was seen that consumers firstly thinks about their own payoff and split the amount in an unequal ratio.
In the ultimatum game, a sum of money will be given to a person and asked him to split the amount with the other person. If the other person accepts his offer then they both get the decided amount and if the other person rejects his offer then they both get nothing.
This gives us the consumers preferences, economic behavior or whether they care about the fairness or not.
Answer:
C) American Federation of Labor and Congress of Industrial Organizations (AFL-CIO)
Explanation:
The American Federation of Labor and Congress of Industrial Organizations was established in 1955 when the American Federation of Labor (AFL) and the Congress of Industrial Organizations (CIO) merged together. It is the largest union federation in the US and it is formed by fifty-five national and international unions. It has approximately 12.5 million members.