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
maw [93]
4 years ago
7

Suppose Rebecca needs a dog sitter so that she can travel to her sister's wedding. Rebecca values dog sitting for the weekend at

$200. Susan is willing to dog sit for Rebecca so long as she receives at least $150. Rebecca and Susan agree on a price of $175. Suppose the government imposes a tax of $10 on dog sitting. The tax has made Rebecca and Susan worse off by a total of
a. $50.
b. $40.
c. $20.
d. $10.
Business
1 answer:
Law Incorporation [45]4 years ago
5 0

Answer:

d. $10.

Explanation:

Tax is a payment made to the government to assist it in financing its various programs. Taxes are the main source of government revenue.  Income tax is the tax levied on individuals and firms on their earnings.

Susan and Rebecca enter into a work agreement where Rebecca hires Susan to dog sit for her. Susan will be working and is expected to pay taxes on the income received. Rebeca will be attending a wedding, which is not an income-generating activity; hence she will not pay any taxes. It means only Susan will pay taxes as she is the only one who will be earning. If the tax imposed on dog sitting is $10, then the two ladies will be worse-off by $10.

You might be interested in
The Association of Organic Food Growers, which does not include all organic farmers and ranchers, refuses to deal with any parti
zmey [24]

Answer:

a per se violation of antitrust law.

Explanation:

The antitrust laws can be defined as those laws that are created by the US government to protect consumers from unfair means of competition in market. The aim of creating such laws is to ensure the protection of customers from corruptive business practices and also to ensure safe healthy competitive environment among same business companies.

<u>In the given scenario, the Association of Organic Food Growers is violating the antitrust law by boycotting farmers, ranchers, etc. The antitrust laws are violated by companies in several ways among them is by boycotting</u>.

Boycotting can be defined as an agreement between several companies that excludes a group of customers or market to avert them from buying aanyy goods or products.

This boycotting agreement is a per se violation of antitrust law.

5 0
3 years ago
If the insurer offers to renew the policy on different terms, how long does the policyholder have to cancel the policy without b
kakasveta [241]

Answer:

30 days after receiving notice of the changes

Explanation:

If the insurer offers to renew the policy on different terms, how long does the policyholder have to cancel the policy without being penalized?

An insurer is defined as- a person or company that underwrites an insurance risk; the party in an insurance contract agrees to pay compensation. Generally, the term insurer is synonymous  with the term insurance provider or insurance company.

A policyholder is a person who buys an insurance policy. The policyholder is protected by the details in the insurance policy. He or she can add more persons to the policy depending on the type.

In most cases, a policyholder is allowed to cancel the policy within 30 days without been penalized for a short rate cancellation fee.

4 0
3 years ago
Gi Gi's Bakery has total assets of $425 million. Its total liabilities are $110 million. Its equity is $315 million. Calculate t
Neko [114]
1.34 over 3.86 xxxxxxxxxxxxxxxxxx
5 0
3 years ago
In a business-to-business transaction, the seller offers the buyer a 2 percent discount for paying a bill early. Assuming the us
chubhunter [2.5K]

Assuming the user took advantage of this offer, the amount that would be discounted on a $10,000 invoice is: $200.

<h3>Discounted amount </h3>

Using this formula

Discounted amount =Discount rate× Invoice

Let plug in the formula

Discounted amount=2%×$10,000

Discounted amount=$200

Therefore assuming the user took advantage of this offer, the amount that would be discounted on a $10,000 invoice is: $200.

Learn more about Discounted amount  here:brainly.com/question/12965533

#SPJ1

8 0
1 year ago
Is gross profit or net profit more important to consider when you're deciding how successful and profitable a company is?
ella [17]
The gross profit is more inportant than the net profit

7 0
3 years ago
Other questions:
  • On January 1, year 1, Ziegler issued 5-year bonds with a stated rate of 8% and a face amount of $100,000. The bonds pay interest
    5·1 answer
  • He idea of supply and demand is based on the development of
    15·1 answer
  • While George travels for two months, Mary agrees to housesit and care for George's three horses at her stables. The parties agre
    7·1 answer
  • You have two alternatives to consider to produce a part. The first alternative requires an initial investment of $50,000, produc
    14·1 answer
  • Mighty Corporation manufactures end tables. Each end table requires .50 direct labor hours in its production. Mighty Corporation
    8·1 answer
  • A company rents a small building with 10,000 square feet of space for $100,000 per year. The rent is allocated to the company's
    8·1 answer
  • Technique Co. has equipment with a carrying amount of $1,600,000. The expected future net cash flows from the equipment are $1,6
    11·1 answer
  • Linger Products uses a two-stage allocation method to assign costs to its products. The following information has been provided
    8·1 answer
  • One who assumes all risks for the business and whose personal assets can be taken to pay creditors is called a(n)
    12·1 answer
  • Identify the five strengths associated with coda coffee's bext360 saas implementation.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!