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3 years ago

The Federal personal income tax is:_______

Business

1 answer:

vredina [299]3 years ago

6 0

Answer:

D. Progressive and the incident is on the tax payer

Explanation:

The federal personal income tax is a progressive tax because the tax increases as the income of the individual increases.

A progressive tax system is where higher tax rate falls on high income earners and lower tax rate on low income earners. The incident of personal income tax is on the tax payers because they the burden of paying the tax is borne by them.

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ABC common stock just paid a dividend of $2.50 per share. The ABC dividend is expected to grow 20% per year for two years, and t

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Answer and Explanation:

Given that the dividend will grow at 20% for two years and then a constant 6% at third year

1st year dividend at 20%= $3

Present value of the dividend for the first year=PV factor at 15%(from table) = $2.61

2nd year dividend at 20% = $3.60

Present value of the dividend for the second year = PV factor at 15%(from table) $2.72

3rd year dividend at 6% growth rate =

$42.40

Present value of the dividend for the third year = PV factor at 15% = $32.06

Current price of the stock =$2.61+$2.72+$32.06

=$37.39

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3 years ago

A bank has $400 in checkable deposits, $800 in savings deposits, $700 in time deposits, $900 in loans to businesses, $300 in out

sergij07 [2.7K]

Answer: $400

Explanation:

M1 money supply simply refers to the monies which are liquid like the checkable deposits, traveler's checks, and the coins and currencies that are in circulation.

Therefore, based on the information given in the question, the bank's deposits that are part of M1 will be the $400 in checkable deposit.

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2 years ago

Even though many valuable, rare, and inimitable resources were generated at Xerox's Palo Alto Research Center (PARC), the manage

Virty [35]

Answer:

A firm must be effectively organized to capture value. A firm has to ensure it has a properly ongoing work system where everything balances. Proper marketing and advert, viability in product quality, organized administrative and technical structuring, analysis on probable customer base etc., these and many more factors have to be critically looked into and worked on to gain competitive advantage. What is the competition doing right that we are missing? who are our competition? Why are they the peoples favorite? How can we become the peoples favorite? Questions of these sort if worked on and implemented, will facilitate effective organizational growth.

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3 years ago

Read 2 more answers

An employee observes an outside individual putting some computer disks in her purse. the employee does not report this security

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They should've put in <span>security incident procedures.</span>

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3 years ago

QS 7-10 (Algo) Aging of receivables method LO P3 Net Zero Products, a wholesaler of sustainable raw materials, prepares the foll

goldenfox [79]

Part-1 Computation of Estimated Uncollectible - Dhaliwal

Account Receivable (a% of uncollectible (b)Uncollectible amount (a*b)

Not Due $1,00,000.00 1% $1,000.00

1 to 30 $38,000.00 2% $760.00

31 to 60 $17,000.00 4% $680.00

61 to 90 $14,000.00 6% $840.00

over 90 $16,000.00 10% $1,600.00

Estimated Balance of allowance for uncollectible $1,85,000.00 $4,880.00

Part 2: Journal Entry

Account Titles and Explanation Debit Credit

Bad Debt Expenses

(4880-3000) $1,880.00

Allowance for doubtful accounts $1,880.00

An account may be the document in a gadget of accounting wherein a business records debits and credits as proof of accounting transactions. as a consequence, the bills receivable account shops information approximately billings to customers, as well as reductions of those billings due to payments from clients.

3 specific types of debts in accounting are actual, private, and Nominal Accounts. the real account is then categorized into subcategories – Intangible real account, Tangible actual account. additionally, 3 distinct sub-forms of non-public accounts are natural, representative, and synthetic.

Learn more about accounts here: brainly.com/question/25746199

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1 year ago