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NeX [460]
4 years ago
10

What type of tax structure is the “fairest.” What, if any, alternative tax structure would you propose to replace the federal in

come tax?
Business
1 answer:
svp [43]4 years ago
5 0
'Fair' is really subjective, anyone will have their own opionion.

But i think the best way to define fair is if the tax structure give the same amount of weight throughout all economic classes

If i can replace the federal income tax structure, i would just give a straight percentage of amount to all economic classes, without anyway to cut with 'tax deductible tricks', like 20 % of annual income to all classes of economy. I



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Jakarta Company is a service firm with current service revenue of $500,000 and a 40% contribution margin. Its fixed costs are $8
Lady_Fox [76]

Answer and Explanation:

The computation of the margin of safety is shown below:

As we know that

margin of safety = Actual sales - break even sales

For Jakarta, it is

= $500,000 - ($80,000 ÷ 0.40)

= $500,000 - $200,000

= $300,000

And, for maldives, it is

= $6,620,000 - ($2,151,500 ÷ 50%)

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7 0
3 years ago
The following units are available for sale during the year:
irakobra [83]

Answer:

Instructions are below.

Explanation:

Giving the following information:

January 1 Beginning Inventory 10 units at $18 each

April 3 Purchase 30 units at $20 each

August 31 Purchase 28 units at $25 each

September 29 Purchase 17 units at $30 each

Ending Inventory= 21 units

First, we need to calculate the ending inventory using the FIFO (first-in, first-out) method.

The ending inventory is calculated using the cost of the last units incorporated into inventory.

Ending inventory= 17*30 + 4*25= $610

Now, we need to calculate the ending inventory using the LIFO (last-in, first-out) method.

The ending inventory is calculated using the cost of the firsts units incorporated into inventory.

Ending inventory= 10*18 + 11*20= $400

Finally, we need to calculate the ending inventory using the weighted-average inventory method.

average cost= (18 + 20 + 25 + 30)/4= $23.25

Ending inventory= 21*23.25= $488.25

8 0
4 years ago
Why is it important to have technology in a workplace
DochEvi [55]

Answer:

technology helps the workplace a lot, makes work easier and It can make the company more money and more jobs. etc

6 0
3 years ago
Kinder Enterprises relies heavily on a copier machine to process its paperwork. Recently the copy clerk has not been able to pro
Elza [17]

Answer:

Operating costs = $7,000 x 5 years = $35,000

Operating costs = $2,600 x 5 years = $13,000

Explanation:

Operating costs = $7,000 x 5 years = $35,000

Operating costs = $2,600 x 5 years = $13,000

The current copier should be replaced. The incremental analysis shows that net income for the five-year period will be $3,000 higher by replacing the current copier.

6 0
4 years ago
[04.01 mc] inflation is low but the unemployment rate is the highest seen in several years. economists report signs that show in
viktelen [127]
The economy is in trough
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3 years ago
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