The provision on tax rates for proprietorship, partnerships, and LLCs <u>changed</u> with the passage of the Tax Cuts & Jobs Act.
<h3>What is the
Tax Cuts & Jobs Act?</h3>
The Tax Cuts & Jobs Act is a legislation that guides tax rate on income and addresses concerns about tax credit for employers.
In conclusion, the provision on tax rates for proprietorship, partnerships, and LLCs <u>changed</u> with the passage of the Tax Cuts & Jobs Act.
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Answer:
The answer is D. The change in quantity demanded of a good that results from a change in price, making the good more or less expensive relative to other goods, holding constant the effect of the price change on consumer purchasing power
Explanation:
Substitution effect is a concept in which, as the price of a good or service increases, less of the good or service is substituted for other less expensive.
For example, if the price of Pepsi were to rise, the substitution effect would cause the consumer to buy less of it and substitute more coca-cola for now relatively more expensive Pepsi.
Option A. is wrong because we are talking about the quantity demanded and not just demand. (Please take note).
Answer:
Option (B) is correct.
Explanation:
Implicit costs refers to the opportunity cost that is associated with the selection of the alternative.
In this question, the Rosa wants to migrate to another country, if she do so then she have to foregone her earnings in the home country.
Therefore, Rosa's stream of future earnings in her home country is $500,000 and it is considered as implicit cost. She give up this much of income to earn $800,000.
Explicit costs includes:
(i) Transportation = $5,000
(ii) Application and other processing fees = $4,000
Based on Massages For You offering a lower one-year membership monthly fee, this is called <u>Trading up.</u>
<h3>What is the Trading Up selling technique?</h3>
Trading up refers to when a customer is subtly encouraged to spend more money on a product because a higher quality is offered against a lower quality.
A single massage here is $75 yet a monthly subscription is $65 per month which would be $780 a year.
This is trading up because the lower monthly price will lead to the person spending more on the yearly subscription as opposed to the single massage.
Find out more on marketing techniques at brainly.com/question/14704291.
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