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krek1111 [17]
3 years ago
9

Taxes and​ needs-tested spending work as automatic fiscal policy to dampen the business cycle because taxes​ ______ during an​ e

xpansion, and​ needs-tested spending​ ______ during a recession.
Business
1 answer:
luda_lava [24]3 years ago
8 0
The answers to the blanks provided above are DECREASES and INCREASES, respectively.  This is based on the concept of what a business cycle is. What happens during recession is that they try to restore the economy by expansion, and therefore, through this, the government increases their spending and cutting taxes as well.
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An internal revenue oversight board survey found that 82% of taxpayers said that it was very important for the internal revenue
givi [52]

The problem is missing the main question.

The main question is: what is the probability that at least six taxpayers in a sample of 8 say that it is very significant to safeguard that high-income tax payers do not swindle on their tax returns? Use the binomial distribution probability function.

Solution:

Let X be the number of taxpayers say that it is very significant to safeguard that high-income tax payers do not swindle on their tax returns.


X ~ (n = 8, p = 0.82)
P (at least six taxpayers)

= P (X ≥ 6)
= 1 – P(X ≤ 5)
= 1 – 0.1608
= 0.8392 is the answer

3 0
4 years ago
What is the goal of a transnational corporation?
horrorfan [7]
The primary goal of transnational corporations is to offer their services or products across other culture. These corporations usually provided loans to the poorest countries and invest in then in return. Foreign investments create more jobs which help the economy and the people to improve the quality of their lives.

7 0
4 years ago
What is the proper adjusting entry on December 31, the end of the accounting period, if the balance in the prepaid insurance acc
aleksandrvk [35]

Answer:

The proper adjusting entry on December 31 is, D. Debit Insurance Expense, $4,700; credit Prepaid Insurance, $4,700.

Explanation:

The entry of prepaid insurance made earlier was $8,150 and on December 31, it was calculated that the unexpired amount of insurance was $3,450. So first we will calculate the amount of prepaid insurance which has been expired,

$8,150 -  $3,450 = $4,700

To record the expired prepaid insurance, we will first debit prepaid insurance expense with $4,700 and then credit prepaid insurance with $4,700.

Prepaid Insurance is an asset and it will decrease by a credit of $4,700, so that the remaining balance in prepaid insurance account is $3,450 which is the remaining unexpired prepaid insurance.

3 0
4 years ago
Examples of tangible and intangible
Rashid [163]

Answer:  Tangible: <em>cash, inventory, vehicles, equipment, buildings and investments</em>

Intangible:  <em>goodwill, brand recognition, copyrights, patents, trademarks, trade names, and customer lists</em>

<em>Hope this helps </em>

<em>Plz mark brainlest</em>

<em />

5 0
4 years ago
Components inc., a maker of vehicle parts, refuses to sell to diy repair inc., a national vehicle service firm. the maker convin
zloy xaker [14]

Components inc., a maker of vehicle parts, refuses to sell to diy repair inc., a national vehicle service firm. the maker convinces the engine parts company, a competitor, to do the same. this is a group boycott.

Under competition law, a group boycott is a type of secondary boycott, unless two or more competitors in the relevant market agree to deal with an actual or potential competitor of the boycotting firm. Refuse to do business with the company.

Example: The FTC challenged the actions of several groups of competing health care providers, such as physicians, and refused to do business with insurance companies or other purchasers on terms other than those mutually agreed upon. That amounted to a group boycott of the illegal group.

Learn more about group boycott here: brainly.com/question/13894564

#SPJ4

3 0
2 years ago
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