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kifflom [539]
3 years ago
15

How to calculate marginal tax rate effective tax rate and average ​

Business
1 answer:
maw [93]3 years ago
3 0
The marginal tax rate is the number that the government sets for people to pay. The effective tax rate is the number that people actually pay for their taxes after deductions.
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The empirical evidence indicates that compared to economies that are less free, countries with institutions and policies more co
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Explanation: Countries that have policies in place are more likely to achieve growing at a faster rate and reductions because their people follow the rules and work hard to meet the expectations of the person in charge of their country. Free countries normally do not have steps in place to have a strong economic system and supporters of it.

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A company reports the following beginning inventory and purchases for the month of January. On January 26, the company sells 350
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Answer:

The costs assigned to ending inventory based on the LIFO method under periodic inventory system are:

= $450.

Explanation:

a) Data and Calculations:

On January 26, the company sells 350 units. 150 units remain in ending inventory at January 31.

                                                           Units           Unit Cost    Total Cost

Beginning inventory on January 1      320              $ 3.00          $960

Purchase on January 9                         80                 3.20             256

Purchase on January 25                     100                 3.34              334

Tota units available for sale               500                                 $1,550

Sales on January 26                          350                                  $1,100

Ending inventory at January 31          150               $3.00          $450

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