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matrenka [14]
3 years ago
6

__________This import tax was meant to replace the earlier "Tariff of Abominations", but it was widely disliked by southern merc

hants. South Carolina event talked about having the right to ignore Federal law, starting what would become known as the "Nullification Crisis."
Business
1 answer:
mrs_skeptik [129]3 years ago
7 0

Answer:

Tariff of 1832

Explanation:

The Tariff of 1832 was enacted to replace the 1828 import tariffs commonly known as Tariffs of Abomination. Most southern states did not like it, but its greatest opposition came from South Carolina since its economy depended greatly in foreign trade. Back then America's largest export was cotton produced by southern states.

Due to South Carolina's extreme opposition, it was replaced by the Compromise Tariff of 1833. This last tariff would gradually decrease the tax rates until they fell back to 1816 levels, which was approximately 20%.

The Nullification Crisis refers to a legal process carried out in South Carolina that determined that federal taxes, specifically import tariffs were unconstitutional and shouldn't apply to them. The problem is that the Supreme Court decides what is unconstitutional or not, not a state court.

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3 0
3 years ago
There are approximately 1 billion people living in India. Only about 200 million of these people earn more than the equivalent o
MAXImum [283]

Answer:

D. Physiological.

Explanation:

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4 0
3 years ago
True or false: if hubert's fire engines were a competitive firm instead and $80,000 were the market price for an engine, decreas
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FALSE

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7 0
3 years ago
Wintertime Company produces the handles which are used in the production of their snow shovels. Wintertime’s costs to produce 60
Firlakuza [10]

Answer:

Option C

Explanation:

There will be 15,000 increase in net income for purchasing the handles from outside supplier as it saves us a cost of 15,000

Cost of manufacturing 60,000 handles = $150,000

If the company purchases it from outside = 2.25 per handle  x 60,000 handles  = $135,000

fixed factory overheads of $ 25,000 will be still there as additional cost

Additional rental income = 25,000

Outsourcing handles = cost to purchase + fixed factory overhead - rental income

Outsourcing handles = 135,000 + 25,000 - 25,000

Outsourcing handles = 135,000

Net Income effect = Cost of manufacturing - Cost to outsouce

Net income effect = 150,000 - 135,000

Net income effect = 15,000 increase

4 0
3 years ago
Target Shoppers Inc. reported cash sales of $16,200 for the month of June 2020. Sales taxes payable are recorded at the point of
Usimov [2.4K]

Answer:

17000

Explanation:

17000

4 0
3 years ago
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