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defon
3 years ago
8

A tax rate that is higher for people with higher incomes is a

Business
2 answers:
creativ13 [48]3 years ago
7 0
Answer: A). Progressive tax is higher for people with higher incomes. I hope this was helpful.
ddd [48]3 years ago
5 0
Progressive tax and a common example of that is an income tax
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Accounting 5.) In the chart of accounts, the balance sheet accounts are normally listed in which order?
Liula [17]

Your correct answer is C.

Assets, liabilities, stockholders' equity

6 0
3 years ago
At the end of year 1, the balance sheet for the Rich Food Restaurant showed cash at $20,000. At the end of Year 2, the balance s
Nina [5.8K]

Answer:

The answer is True

Explanation:

Horizontal analysis is the comparison of historical financial information over a series of reporting period (financial periods). It can also be used to project the amounts of various line items into the future.

8 0
3 years ago
Consider the following game in which two firms decide how much of a homogeneous good to produce. The annual profit payoffs for e
inessss [21]

Answer:

Consider the following explanation

Explanation:

Context

Game theory involves two players. They have more than one option to decide. Pay off from each options adopted by two players are available. They have to select a strategy which will maximize their own return. But for optimizing their decision, they have to consider the action of his rival.

In this problem, two players are firm A and firm B. They have two strategies low output and high output. The strategies of firm a are measured in rows and for firm B in columns. They have to select a strategy which will maximize their payy off. Each cell has two pay offs. First one is for Firm A and second one is for firm B.

1. Dominant strategy is a strategy which will always give higher payoffs in comparison with pay off of other strategies. Consider first strategy of firm 1. If it adopts strategy of low output, then firm 2 can also adopt either strategy of low output or high output. In that case pay off of firm 1 will be 300 or 200.

Alteratively if firm 1 adopts high output then pay offs are 200 or 75. 200 is earned if firm B also go for low productivity. It is 75 if firm B adopts high productivity.

Now compare two payoffs side by side. Note that firm A has higher pay off in low output [300,200] in comparison with the pay off of high output [200,75]. So whatever strategy firm B adopts, Firm A will always go for low production. So low production strategy of firm A dominates high production strategy.

Same result is not observed for firm B. Pay off from low production strategy of firm B is [ 250,75]. Pay off from high production strategy are [100,100]. Now compare the two. If Firm A go for low production, then firm B will select low production. It will give pay off 250. Similarly when firm A decides for high production, then firm will also decide for high production. It will maximize its pay off. Amount is 100. Thus no strategy dominates for firm B.

5 0
3 years ago
Mr. Lainson died this year on a date when the total FMV of his property was $12 million and his debts totaled $450,000. His exec
Kitty [74]

Based on the information given about Mr. Lainson, the taxable estate of the year will be $7,785,000.

The taxable estate for Mr Lainson will be calculated thus:

  • FMV $12 million
  • Less: Debt $450000
  • Less: Funeral expense $15000
  • Less: Legal fees $50000
  • Less: Donation ($3.5 million + $200000) = $3.7 million
  • Taxable estate = $7,785,000

The taxable estate of the year will be $7,785,000.

Read related link on:

brainly.com/question/25641251

5 0
3 years ago
Following is a partial process cost summary for Mitchell Manufacturing's Canning Department.
Liono4ka [1.6K]

Answer:

$206,080

Explanation:

Total conversion costs transferred out of the Canning Department:

= Units Completed and transferred out * Cost per equivalent unit

= 56,000 * $3.68

= $206,080

So, the total conversion costs transferred out of the Canning Department equals $206,080

5 0
3 years ago
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