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erastova [34]
3 years ago
7

Who os responsible for paying income taxes​

Business
1 answer:
Vedmedyk [2.9K]3 years ago
8 0

The correct answer is; businesses and anyone who works and pays taxes.

Further Explanation:

Any one who is working in the United States has to pay income taxes. Businesses must also pay income taxes. Income taxes are due each year, generally from January 1st until April 20th.

People can do their own taxes or hire an accountant to do them. There are numerous websites where it is free to file taxes such as Turbotax and H&R Block. If a person has overpaid they are due a refund.

Both businesses and individuals can file for an extension on their taxes.

Learn more about IRS at brainly.com/question/12498230

#LearnwithBrainly

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An economy is operating with output $300 billion above its natural level, and fiscal policymakers want to close this expansionar
topjm [15]

Answer:

$120 billion

Explanation:

Economy operating at $300 billion above its natural level of output.

Marginal propensity to consume, MPC = 3/5 = 0.6

For closing this expansionary gap, the government have to decrease its spending by the amount calculated as follows:

Spending multiplier:

= 1/ (1 - MPC)

= 1/ (1 - 0.6)

= 1/ 0.4

= 2.5

Hence, the government spending reduces by

= Expansionary gap ÷ Spending multiplier

= $300 ÷ 2.5

= $120 billion

4 0
3 years ago
Georgia, the outside sales rep for a major building supply company, reads a report stating that building permits are down dramat
Rus_ich [418]

Answer:

(B) Advice the production and purchasing department to produce or order smaller quantities of products.

Explanation:

According to my research on basic economics and business owning I can say that the best thing for Georgia to do in this situation in order to help her company become more value driven is to Advice the production and purchasing department to produce or order smaller quantities of products. This is because since product is not selling fast enough they should sell what they already have before producing more, otherwise they will be wasting money on products which will eventually cause them to be overflowing stock. Thus losing money.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

6 0
3 years ago
Use the DuPont system and the following data to find return on equity.(Do not round intermediate calculations. Round your answer
hjlf

Answer:Return on Equity= 37.1%

Explanation:

According to the DuPont Analysis System,  

Return on Equity = Leverage Ratio x Net profit margin x Total asset turnover

Return on Equity = 2.8 x 5.3% x 2.5

Return on Equity=0.371

Return on Equity= 37.1%

6 0
3 years ago
A firm in the market for designer jeans has some degree of monopoly power. the demand curve it faces has a price elasticity of d
Pavlova-9 [17]

Answer:

$86.67 is the profit maximizing price for the monopolist

Explanation:

In order to find the profit maximizing price for the monopolist using its price elasticity and marginal cost we have to use the formula

Price= Marginal cost* (elasticity/elasticity+1)

Marginal cost = $65.0065

Elasticity = -4

Price = 65.0065 *(-4/-4+1) = 65.0065*(-4/-3)= 86.67

5 0
3 years ago
Buyers and sellers in a competitive market that must accept the price that the market determined.
taurus [48]

Answer:

price takers

Explanation:

The buyers and sellers that just accept the prices are called price takers-

6 0
3 years ago
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