Answer:
"Assuming the market of soda has a regular downward sloping" demand curve and upward sloping supply curve, the tax will <u>be added to</u> the price paid by buyers and <u>not the price received by</u> the price received by sellers.
Explanation:
When demand is takes a downward slope it simply means the good is not sort after in the open market.When Supply curve takes an upward curve it means their is a great availability of production resources.
Tax incidence goes alongside the above theory,in cases where demand is low ,the tax will will be imposed on the buyer .But in the case where demand is high the tax is usually imposed on the producer.
Answer:
Please see explanation.
Explanation:
Once the factory overhead rate is determined using the estimated amount of factory overhead and estimated base, it is used to charge overhead cost to the jobs, products or work performed.
Since, not all overhead costs are known at the time of making the product, (such as electricity bill is received after the month end) therefore, the estimated rate is used to apply the overhead cost to the job or product using actual activity level. This is called absorption or application of overheads to the products / jobs.
Due to this, at each period end, the management calculates and compares the actual overhead cost with the applied overhead cost and determine the over or under applied overheads.
Answer:
On average, a person spends 68.25 mins in the tax centre.
Explanation:
T = 0.20 x 92.25 + 0.80 x 62.25 = 68.25
Answer:
correct option is Current year deduction of $3 million, carry forward of $200,000.
Explanation:
given data
adjusted taxable income = $9
business interest income = $300,000
business interest expense = $3.2 million
average gross receipts = $45 million
solution
correct answer is Current year deduction of $3 million, carry
forward of $200,000. because Business interest deduction limitation
as here Business Interest Income is $300000
plus + 30% of $9m
that is = $2700000
so here current year total deduction = $3000000
and Remaining will be allowed next year is $200,000
