Taxable income is the income (revenue) given on tax. It is payable, in other words, it is the tax paid for being paid.
Example:
You get $40
You need to pay 5% to tax
5% of 40
.05*40 = 2
2 is the tax, so,
40 - 2 = 38
Your revenue is 38 now, and taxable income is 2
Answer:
I would save a quarter of it for university, I would pay off and debt then I would invest in shares and donate to charity. also buy a car.
Explanation:
this is a personal based question so it's what you would spend the mil on. this is what I would spend it on.
Answer:
market to Book ratio 5.33
Explanation:
<u>Market Capitalization</u>
market price x shares outstanding
80 x 400,000,000 = 32,000,000,000 = 32 billions (short scale)
<u>Balance sheet:</u>
Assets - Liab
10 - (1 + 3) = 10 - 4 = 6B
<u>Market to Book Ratio</u>
32 / 6 = 5.33
Expansionary fiscal policy to prevent real GDP from falling below potential real GDP would cause the inflation rate to be _<u>higher</u><u>_</u>and real GDP to be <u>higher.</u>
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What is Expansionary fiscal policy ?</h3>
Expansionary fiscal policy can be defined as the type of fiscal policy in which government intend to increase the aggregate money supply while on the other hand cut or reduce the tax rate for the purpose of economy growth.
In a situation were real GDP fall below potential real GDP this tend to lead to increase in both inflation rate and real GDP.
Inconclusion the inflation rate will be _<u>higher</u><u>_</u>and real GDP will be <u>higher.</u>
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