Answer:
As people earn higher incomes during an expansion, the progressive tax system requires them to pay higher average tax rates
Explanation:
Automatic stabilizers are stabilizers that adjust the economy automatically without the intervention of external agents . examples include progressive tax and transfer payments
In an expansion, progressive tax increases the tax paid and this reduces disposable income
In a contraction, tax paid is reduced and this increases disposable income
Answer:
disparate impact
Explanation:
Disparate impact refers to practices followed in employment, housing, and other areas that affect one group of people more than the another group, although rules applied by employers are neutral.
Disparate impact explains employment discrimination on the basis of the effect of an employment policy or practice.
In the given questions, the CEO's argument is an example of <u>disparate impact
.</u>
I think it’s D. All of the above
Answer:
Value of the company is $334,101
Explanation:
Value of unlevered firm = 
Where;
EBIT = Earnings before interest and tax
t = tax rate
ke = Cost of equity (cost of capital)
Value of unlevered firm = 
value of unlevered firm = $331,571.43
Value of firm = Value of unlevered firm + Debt (tax rate)
Value of firm = $331,571.43 + $11,000*(23%)
Value of firm = $334,101.43
Value of firm = $334,101
Answer:
$3900000
Explanation:
The gross profit is the difference between the revenue earned during the year and the cost of sales. The percentage of completion method is one in which the revenue is recognized based on the cost incurred to date on the project.
Revenue to be recognized in 2021
= $15600000/($15600000 + $9600000) * $31500000
= $19500000
Though the billings for the year is lower, the difference may be recognized as unbilled receivable.
As such, the gross profit for the year
= $19500000 - $15600000
= $3900000
