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ladessa [460]
3 years ago
7

Which of the following statements accurately describes the alternative minimum tax rate(s)?The top AMT marginal rate is higher t

han the top regular tax marginal tax rate.The AMT rates represent a progressive tax rate structure.The AMT rate is the same rate for all taxpayers.None of these.
Business
1 answer:
kogti [31]3 years ago
7 0

Answer:

The AMT rates represent a progressive tax rate structure.

Explanation:

"AMT is designed to prevent taxpayers from escaping their fair share of tax liability through tax breaks. However, the structure was not indexed to inflation or tax cuts. This can cause bracket creep, a condition in which upper-middle-income taxpayers are subject to this tax instead of just the wealthy taxpayers for whom AMT was invented. In 2015, however, Congress passed a law indexing the AMT exemption amount to inflation."

Reference: Kagan, Julia. “Alternative Minimum Tax (AMT) Definition.” Investopedia, Investopedia, 10 Sept. 2019

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Discuss social responsibility and ethics?<br><br>​
LuckyWell [14K]

Answer:

Social responsibility: It is an ethical theory in which individuals are accountable for fulfilling their civic duty.

Social ethics: It refers to guidelines and principle if that group of people who decided to references to in order to be accepted.

8 0
3 years ago
An investment banking firm has been hired to roll up various partnerships into one master limited partnership. What is the compe
liq [111]

Answer:

2%

Explanation:

Based on the industry standards and regulations, an investment banking firm or a broker-dealer canvassing the agreements from limited partners in relation to a roll-up is outrightly limited to compensation of 2% of the value of the newly created securities.

Therefore, the correct answer, in this case, is that the compensation limit for this activity is pegged at 2 percent

3 0
2 years ago
The U.S. National Treasury issued $3 million of 2.7% bonds, due in 10 years, with interest payable annually at year-end. Calcula
lesya [120]

Answer:

$81000

Explanation:

The calculation is simple. Bond interest is simply calculated by multiplying bond value with the assorted interest rate.

For example

A bond with $1000 value with 5% interest is simply 5% of $1000 = $50

Therefore,

$3,000,000 * 2.7% = $81000

(2.7 % = 0.027)

Hope that helps.

3 0
3 years ago
The present value of a single sum is: Select one: A. The amount that would be paid today to receive a single amount at a specifi
Marina86 [1]

Answer:

The correct answer is letter "A": The amount that would be paid today to receive a single amount at a specified date in the future.

Explanation:

The present value (PV) of a single sum tells us how much a future sum of money is worth today given a specified rate of return. This is an important financial concept based on the principle that money received in a specific time in the future is not worth as much as an equal sum received today.

8 0
2 years ago
________ is the ability of a country to produce a specific good at a lower opportunity cost than its trading partners.
Maslowich
Comparative advantage
3 0
3 years ago
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