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Arturiano [62]
3 years ago
9

What is the incidence of a tax?

Business
2 answers:
omeli [17]3 years ago
4 0

The final burden of tax is said to be incidence of tax.

Answer: Option B

<u>Explanation: </u>

The incidence of tax is a monetary term of division of the taxation rate between the purchaser and merchants. It is identified with the value flexibility of the interest and supply. It is a circulation of assessment and commitments, which must be secured by the purchasers and dealers.  

For example when the inventory is more than request, the taxation rate falls on the purchaser and when the interest is more than supply, the taxation rate falls on the merchant.

Stella [2.4K]3 years ago
3 0

Answer:

The correct answer is option The final burden of a tax .

Explanation:

The incidence of a tax studies to whom and how the final burden of a tax will be applied.

Most people pay some form of initial tax, but that does not mean they will be affected by the final burden of a tax.

Sometimes taxes can be transferred, ranging from a small taxpayer to large companies. The incidence is who is responsible for understanding the division of taxes between each of these parties.

Given this information the correct answer is option B.

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8 0
3 years ago
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The U.S. work week has declined from 60 hours in 1890 to 40 hours today. The impact of the decline in working hours:________
Len [333]

Answer:

It will Decreases U.S. real GDP and on the other way round it will increases the well-being of a typical working person in the U.S.

Explanation:

The impact of the decline in working hours is that it will Decreases U.S. real GDP and on the other way round it will definitely lead to increase in the well-being of a typical working person in the U.S. because of the decline in the U.S work week which was formally 60 hours in the 1980 but now 40 hours today because a typical working person will have more time for him/her and the stress involved in working for 60 hours per week will reduce when compared with working for 40 hours per week because a typical working person in the U.S will preferred to work for 40 hours per week than 60hours per week for the betterment of their well being.

4 0
3 years ago
Who is responsible for participating in the discussion at a performance review?
NeX [460]
C is the answer.......
3 0
3 years ago
Read 2 more answers
On April ​3, a customer returned $ 900 of merchandise that had been purchased with cash to Cooke Supplies. Cooke​'s cost of the
PIT_PIT [208]

Answer:

The Journal entries are as follows:

(i) Sales revenue A/c  Dr. $900

          To Cash  $900

(To record the correction in sales revenue)

(ii) Merchandise Inventory A/c  Dr. $200

           To Cost of Goods sold  $200

(To record the merchandise returned)

Note:

(1) At the time of sale, the cash would have been debited with the amount of $900 and the sales revenue would have been credited with the amount of $900. Now, the cash of $900 should be credited as it was debited earlier.

(2) The inventory account also credited at the time sale, so it should be debited and the cost of goods sold debited at the time of original sale, so it need to be credited.

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3 years ago
A resident of Minnesota is in the 28% federal tax bracket and the 4% state tax bracket. This person must pay both federal and st
vredina [299]

Answer: A) Federal National Mortgage Association pass-throughs.

Explanation:

From the question, we are informed that a resident of Minnesota is in the 28% federal tax bracket and the 4% state tax bracket. This person must pay both federal and state taxes on Federal National Mortgage Association pass-throughs.

It should be noted that the securities of most government agencies in the United States are typically exempted from paying the local and state taxes but they have to pay federal taxes.

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2 years ago
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