1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ch4aika [34]
3 years ago
6

If the United States government raises the income taxes on the wealthiest Americans, while increasing welfare payments to the po

orest Americans, the result will likely be ________ in efficiency and ________ in equality in the United States.
Business
1 answer:
Virty [35]3 years ago
7 0

Answer:

The correct answer is: a decrease; an increase.

Explanation:

What can be done? Pressing the rich to pay their taxes does not work. Often, tax administrations are too weak to disturb the rich. On the contrary, governments must be able to persuade the rich that progressive taxes favor their interests and provide them with important benefits, such as infrastructure development, security and essential public services. Defining and maintaining a tax contract between both parties is crucial. And that, in turn, requires that governments have credibility, that is, the credibility that any commitment they acquire will endure over time instead of being discarded each time a new ruler is elected.

You might be interested in
A product's ________ identifies the product or brand, describes several things about the product, and promotes the brand.
SCORPION-xisa [38]

Answer: label

Explanation:

Product labels are the piece of material

that are being attached to a product in order for easy identification by consumers in order to know the brand and also to know the contents.

A product's label identifies the product or brand, describes several things about the product, and promotes the brand.

6 0
3 years ago
Exercise 8-07 At December 31, 2019, Pharoah Company Company had a credit balance of $18,100 in Allowance for Doubtful Accounts.
Alja [10]

Answer:

Entries are given below

Explanation:

DATA:

Opening Balance in the allowance for doubtful debt = $18,100

During 2020 Pharoah company wrote off accounts totaling 12,900

Entry                                                       DEBIT        CREDIT

Allowance for Doubtful Accounts $11,800  

Accounts Receivable                                               $11,800

At December 31, 2020, an aging schedule indicated that the balance in Allowance for Doubtful Accounts should be $23,700

Entry                                                       DEBIT        CREDIT

Bad debt expense                                $17,400

Allowance for doubtful debt                                    $17,400

           

Working

Balance before adjustment = $18,100 - $11,800

Balance before adjustment = $6,300

After Aging schedule indication

Adjustment  = $23,700 - 6,300

Adjustment = $17,400

3 0
3 years ago
The national institute for standards and technology is within which federal agency?
maksim [4K]
Most likely the National Institute for Standards and Technology falls under the U.S. Department of Commerce 
8 0
3 years ago
The right to go where you choose, the freedom of religion, and the freedom of choice are all examples of which type of citizens’
PilotLPTM [1.2K]
I think maybe B Im 90 percent sure
4 0
3 years ago
Read 2 more answers
Tool Manufacturing has an expected EBIT of $82,000 in perpetuity and a tax rate of 24 percent. The company has $143,500 in outst
Dima020 [189]

Answer:

The value of the firm according to M&M Proposition I with taxes is $513,824.62

Explanation:

Value of firm = [EBIT x (1-Tax) / Equity Cost] + [Debt x Tax rate]

Value of firm = 82000 x (1-24%) / 13% + 143500 x 24%

Value of firm = 62320 / 0.13 + 143500 x 0.24

Value of firm = 479,384.62 + 34,440‬

Value of firm = $513,824.62‬

7 0
3 years ago
Other questions:
  • Viger Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard mac
    13·1 answer
  • What you believe providing great service looks like
    11·1 answer
  • How do investors make money off debt
    11·1 answer
  • An electronic card that is directly connected to a checking account is known as
    12·2 answers
  • What type of communication occurs when top-level executives in an organization seek feedback from white-collar employees at all
    13·1 answer
  • If the price of money (e.g., interest rates and equity capital costs) increases due to an increase in anticipated inflation, the
    12·1 answer
  • Hoffman corporation issued $75 million of 7%, 15-year bonds at 104. each of the 75,000 bonds was issued with 15 detachable stock
    10·1 answer
  • If a loan has a nominal annual rate of 8%, then the effective rate can never be greater than 8%. b. If a loan or investment has
    5·1 answer
  • Betty Vinson improperly capitalized line costs at her boss's direction. Which company did she work for
    11·1 answer
  • Which of the following is a factor that is usually considered in a cost benefit
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!