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NemiM [27]
4 years ago
8

The property tax on a rental house owned by Mr. Janey increased by $1,200 this year. Mr. Janey increased the monthly rent charge

d to his tenant, Ms. Lacey, by $45. Who bears the incidence of the property tax increase
Business
1 answer:
MAXImum [283]4 years ago
6 0

Answer:

Both will bear

Explanation:

Both Mr. Janey and Ms. lacey will bear the incidence of the property tax increase because Mr. Janey has only shifted $540 ( $45 x 12) of the total $1200 by increasing the monthly rent charge of his tenant Ms. lacey by $45/month. Mr. Janey will pay only $660 of $1200 increase in tax and remaining will be paid by Mr Lacey.

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Tim and Sandy have a ten-year-old daughter. During the current year, they spent $2,000 on childcare expenses at a daycare center
konstantin123 [22]

Answer:

$3000

Explanation:

In the United states, eligible child care expenses per dependent are limited to $3000. Since Tim and Sandy have only One 10 year old daughter which fall under the age 13 bracket for dependents gives them a maximum limits of $3000. It is important to note that of a couple has two or more child (dependents) they are eligible to $6000. A relative who is a care giver qualifies if expenses are paid to the relative on conditions that the relative isn't a dependent non child of the couple.

7 0
4 years ago
Read 2 more answers
Gut Bombs sandwich shop pays $5,000 a month in rent space and equipment. It pays each of it 10 workers $2,500 a month and spends
posledela

Answer:

Average fixed cost= $1.43

Explanation:

Giving the following information:

Production costs:

Rent= $5,000

Direct labor= $2,500

Direct material= $5,000

Usually, the direct labor cost is variable. In some conditions, it is a fixed cost. <u>We will consider it as a variable cost.</u>

Total fixed cost= 5,000

Average fixed cost= 5,000/3,500

Average fixed cost= $1.43

3 0
3 years ago
How do operations managers ensure quality and efficiency during the transformation process of inputs into outputs?
dusya [7]
<span>Key elements of an operations system (inputs, processes and outputs) in different ... of production and the quality of the finished products are determined therefore ... The process of transforming resourceinputs into finished goods and services ... can be added to the inputs and productivity gains made due toefficiency in the ...</span><span>
</span>
7 0
3 years ago
A midwestern city negotiates a deal with a company to operate its parking meter system. the city will receive a lump sum payment
Goshia [24]
That is an example of privatization. The transfer of possession, assets or commerce from the government to the private sector is called privatization. The government ends to be the owner of the entity or business. The development in which a publicly-traded corporation is taken over by a few individuals is also called privatization.
6 0
4 years ago
When Beck joined his uncle's oil exploration company in east Texas, he was given several hundred shares of stock in the firm, an
konstantin123 [22]

Answer:

Master limited partnership.

Explanation:

Master limited partnership is also called publicly traded partnership and is a publicly traded entity that is taxed as a partnership.

There is a combination of tax advantage of a partnership and the ability of the form to get funding by issuing securities.

To get tax benefits the business should generate at least 90% of their profit from qualified processes such as processing, production, storage, transportation, and real property rents.

Beck was given several hundred shares of stock in the firm, and was officially made a partner. The firm's accountant explained that the company paid taxes the same way as regular partnerships, by passing the profits through to each partner. Beck could purchase more shares of the company on a public stock exchange, as long as someone was willing to sell his/her shares.

This is a master limited partnership.

8 0
4 years ago
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