Let's say that gasoline is subject to a $0.50 excise tax in your city. This tax affects both buyers and sellers equally.
Depending on the elasticity of demand and supply, a tax's burden is split between purchasers and sellers. Depending on their alternatives, buyers' and sellers' desire to exit the market is represented by elasticity. The relationship between supply and demand price elasticity and tax incidence is also possible. The tax burden is placed on the purchasers when supply is more elastic than demand. The cost of the tax will be borne by the producers if demand is more elastic than supply.
Learn more about the burden of this tax here.
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Answer:
(A) Are an integral part of a company's financial statements.
Explanation:
The company financial statement involves income statement, statement of stockholder equity, balance sheet, and the cash flow statement
The disclosure notes contain the important facts and figures which are required to disclose it as it reveals the crucial information which might change the decision of the users and it cannot be shown elsewhere in the financial statement
Complete Question:
An urban planner is designing a new urban housing development in a currently rural area near an existing city. The urban development will have five 10-story apartment buildings, two basketball courts, a playground with permeable foam pavers, a 10-acre green space with a small man-made pond, one 5-story parking deck, and direct access to the mass transit train line. Which of the following aspects of the design for this new urban development will best help to reduce the amount of carbon dioxide released into the atmosphere?
A. The land cleared to build the new development occurs in a rural area rather than within the city limits.
B. The playground is made with permeable foam pavers rather than with impervious concrete.
C. Access to the mass transit train line will provide inhabitants an alternative to driving personal vehicles.
D. Food and other resources must be transported to the development from up to 200 miles away.
Answer:
Access to the mass transit train line will provide inhabitants an alternative to driving personal vehicles.
Explanation:
The best option that will help to reduce the amount of carbon dioxide released into the atmosphere is to create access to the mass transit train line which will consequently provide inhabitants an alternative to driving personal vehicles.
Answer:
The amount of these state income tax refund is included in gross income in 2016 is $1,100
Explanation:
The computation of the income tax refund is shown below:
= Itemized deductions - standard deduction
= $13,700 - $12,600
= $1,100
Since we have to find out the refund amount which would be included in the gross income so we consider the amount of the deductions which is given in the question. The other information which is given in the question is not relevant. Hence, ignored it
The amount recovered would be adjusted to that particular year only it would not be carried forward.
