The ___________ is the primary agency responsible for drawing up the budget.

1 answer:

7 0

<span>The government is the primary agency responsible for drawing up the budget.

</span>Government<span> is the means by which state policy is enforced, as well as the mechanism for determining the policy of the state. Forms of </span>government<span>, or forms of state governance, refers to the set of political systems and institutions that make up the organization of a specific </span>government<span>.</span>

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What will happen to the governmentâs tax revenues if Song chooses to spend more time pursuing her other passions besides work in

ira [324]

Answer:

Government's tax revenues would decrease by $1,250

Explanation:

Please refer the complete question below

Song earns $100,000 taxable income as an interior designer and is taxed at an average rate of 20 percent (i.e., $20,000 of tax). Answer the questions below assuming that Congress increases the income tax rate such that Song's average tax rate increases from 20 percent to 25 percent. What will happen to the government’s tax revenues if Song chooses to spend more time pursuing her other passions besides work in response to the tax rate change and therefore earns only $75,000 in taxable income

If Song opts for pursuing his other passions he will end up earning $75,000 and therefore since the tax rate is now 25% he will have to pay $18,750 ($75,000 x 25%) as against the $20,000 ($100,000 x 20%) taxed previously and hence government's tax revenues would decrease by $1,250 ($20,000 - $18,750).

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3 years ago

Which of the following is true regarding the contribution margin ratio of a company that produces only a single product? Multipl

Artist 52 [7]

Answer

The contribution margin ratio multiplied by the selling price per unit equals the contribution margin per unit.

Explanation:

What happens to the contribution margin ratio of a company that produces only a single product is that the contribution margin ratio multiplied by the selling price per unit equals the contribution margin per unit

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2 years ago

self-checkout at a grocery store is an example of

kherson [118]

Self-checkout @ a grocery store is an example of a customer participation in service delivery.
Hope this helps!!!

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3 years ago

In the month of June, a department had 19900 units in beginning work in process that were 75% complete. During June, 90200 units

balandron [24]

Answer:

103,500 units

Explanation:

Equivalent units calculation - conversion costs

Completed and transferred units (99,100 x 100 %) = 99,100 units

Ending Work in Process units (11000 x 40%) = 4,400 units

Total Equivalent units = 103,500 units

therefore,

The equivalent units of production for conversion costs for June were 103,500 units

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3 years ago

Under the double-entry system of accounting, a debit is always a negative entry.

mrs_skeptik [129]

It is a false statement that a debit is always a negative entry under the double-entry system of accounting,

<h3>What is the double-entry system?</h3>

In accounting, this refers to the system for recording transactions based on recording increases and decreases in accounts so that debits equal credits.

Hence, the double-entry system requires that each transaction must be recorded in at least two different accounts.