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3 years ago

True/False

Business

2 answers:

VLD [36.1K]3 years ago

4 0

Answer:

False.

Explanation:

A tax bracket is the tax rate applied to specific ranges of income.

For example, a 20% tax rate is applied to income between $500,000 - $700,000.

A tax rate of 23% is applied to income between $800,000 - $1,000,000.

I hope my answer helps you.

Lina20 [59]3 years ago

4 0

Answer:

False.

Explanation:

Although people normally refers to tax bracket and the average tax as the same thing, it is wrong.

A tax rate is the percentage at which the government tax an individual or a cooperation. And the greater the income, the more the government increases the tax rate.

Tax bracket is a way the government categorize income tax rates and each tax bracket has different tax rate.

For instance, between $0 - $10 000 tax bracket can have 10% tax rate and $10 001 - & $20 000 tax bracket can have 12% tax rate, and so on. Then you can now multiply your income with your tax rate to the tax owed.

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b. If foreigners spend $7 billion on U.S. exports in a given year and Americans spend $5 billion on imports from abroad in the s

LiRa [457]

Answer:

$2 billion

Explanation:

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Americans spend $5 billion on imports

Therefore the value of U.S net exports can be calculated as follows

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Why does the use of several depressants at once often prove to be a lethal combination?

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3 years ago

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Explanation:

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anyanavicka [17]

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Compute the Cost of Goods Manufactured and Cost of Goods Sold for Strike Marine Company for the most recent year using the amoun

Alecsey [184]

Answer:

Instructions are below.

Explanation:

First, we need to calculate the direct material used and the manufacturing overhead:

Direct material used= beginning inventory + purchases - ending inventory

Direct material used= 22,000 + 74,000 - 34,000

Direct material used= $62,000

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Depreciation-plant building and equipment 12,600

Repairs and maintenance-plant 3,900

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Total overhead= $68,000

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cost of goods manufactured= 41,000 + 62,000 + 88,000 + 68,000 - 27,000

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3 years ago