Answer:
1. below;
2. the last dollars taxed but not to all income
Explanation:
Given that the average tax rate for individuals is the percentage of income that individuals pay in taxes. While the marginal tax rate applies to a certain part of taxable income, which is usually the last dollar of the income
Hence, Typically, the average tax rate for a person is BELOW his or her marginal tax rate, because the marginal tax rate applies to THE LAST DOLLARS TAXED BUT NOT TO ALL INCOME.
answer
<em>c </em><em> </em><em>i </em><em>don't </em><em>need </em><em>to </em><em>explain </em><em>I'd </em><em>take </em><em>c</em>
The new price level after the increase in the money supply is 3.3. Therefore, the percentage increase in the money supply is 10%. The percentage change in the price level is 10%. Percentage change in the money supply is the same as the percentage change in the price level.
Answer:
$4,480
Explanation:
The total amount to be recorded as expense would include the cost of the item purchased an the values of the applicable taxes.
As such, the advertising expense would include the value of the goods and services tax as well as the provincial sales tax with both tax rates applied to the applicable cost.
Goods and services tax = 5% × $4,000
= $200
Provincial sales tax = 7% × $4,000
= $280
Total debit to advertising expense
= $4,000 + $200 + $280
= $4,480
Answer:
The answer is letter D.
Explanation:
The difference is statistically significant, large, and important.
