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3 years ago

Are sources of revenue for both federal and state governments. Individuals pay this tax from the money they

Business

1 answer:

marusya05 [52]3 years ago

8 0

Answer:

Personal income taxes

Explanation:

Personal income tax is imposed on salaries, wages, interests, and other income an individual earns throughout the year. The government of the country that the person earned their income imposes the tax. Income tax is levied on the income generated by a person or a business in a country.

Income tax is the most important source of revenue for governments. In almost all countries, the tax agencies employ a progressive system of determining the tax amount for each individual. A person with a high income pays higher taxes compared to the one with moderate earnings.

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Sheffield Corp. took a physical inventory on December 31 and determined that goods costing $165,000 were on hand. Not included i

Marina86 [1]

Answer: $272,570

Explanation:

4 0

3 years ago

Suppose the current issue of The New York Times reports an outbreak of mad cow disease in Nebraska, as well as the discovery of

Svetach [21]

Answer:

Price and quantity of chickens sold will increase.

Explanation:

Due to the prevalence of the mad cow disease, demand for cow meat will go down. Since chicken is a substitute for cow meat and there is a breed that grows twice as much with the same feeds, the demand for chicken will rise.

In economics when other factors apart from price changes it results in demand shift. In this instance demand will shift to the right.

As illustrated in the attached diagram, there will be higher quantity demanded at higher prices than before.

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3 years ago

Profits encourage entry into purely competitive industries and losses encourage exit from purely competitive industries because

inn [45]

Answer:

C) When profits are zero, the firm is earning sufficient revenue to cover the opportunity cost.

Explanation:

When benefits are zero, the firm is gaining adequate income to cater for the open door expense. Misfortunes bring about exit and discharge assets to stream to business sectors where there are benefits. Minimal income and negligible expenses are equivalent; some other yield levels will bring about decreased interest.

Since quite a while ago running a focused balance, a firm is winning zero financial benefits as they won't keep on delivering because it could procure a superior return in another industry. Keep on creating because such interest relates to negative bookkeeping benefits.

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3 years ago

A bus company believes that its diesel fuel expenses might rise in the coming year and wants to create a hedge against the incre

alexgriva [62]

Answer:

The contract produced savings of $3,250

Explanation:

Calculation to determine the economic substance of the futures contract

First step is to calculate the Increased in price of diesel fuel

Increase in diesel fuel price=$3.50/gallon to $3.85/gallon

Increase in diesel fuel price=.35/gallon

Second step is to calculate the amount saved by the firm

Amount saved=$0.35 × 10,000 gallons

Amount saved=$3,500

Now let determine the economic substance of the futures contract

Futures contract economic substance=$3,500 − $250

Futures contract economic substance=$3,250

Therefore the economic substance of the futures contract is $3,250

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3 years ago

Shirine has been debating between two career pathways in finance. She creates a Venn diagram to compare the two careers. In a Ve

Semmy [17]

Answer:

d) Title 1 should be Financial Management Career Pathway, and Title 2 should be Investment Career Pathway

Explanation:

i believe its D but im not exactly sure

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3 years ago