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3 years ago

What type of tax system does the United States use?

Business

1 answer:

Basile [38]3 years ago

8 0

Answer: Progressive tax system

Explanation: The progressive tax system is where the income of an individual is taxable based on his or her capacity to pay. The individuals who earn less pay lesser tax as compared to higher-earning individuals.

The tax system doesn’t impose a burden on those who don’t have a sufficient amount to pay as taxes. By doing this the people who earn low income will be able to maintain a high living standard and the people who earn more are able to afford the basic necessities. So it balances the economy.

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The actual cost of direct materials is $10.50 per pound. The standard cost per pound is $11.75. 42) During the current period 10

emmainna [20.7K]

Answer:

Direct materials efficiency variance = 1175 unfavorable

so correct option is C) $1,175 unfavorable

Explanation:

given data

actual cost = $10.50 per pound

standard cost per pound = $11.75

current period = 10,000 pounds

purchased = 11,500 pounds

actual units produced = 9,900 pounds

to find out

direct materials efficiency variance

solution

we get here Direct materials efficiency variance that is express as

Direct materials efficiency variance = Standard rate × ( Standard quantity - Actual quantity ) ..................1

put here value in equation 1 and we get

Direct materials efficiency variance = 11.75 × ( 10000 - 9900 )

Direct materials efficiency variance = 11.75 × 100

Direct materials efficiency variance = 1175 unfavorable

so correct option is C) $1,175 unfavorable

3 0

3 years ago

The Big Five Factor categories are referred to as _____. CLEAN OCEAN BFIVE BFPTC

pshichka [43]

Answer:

answer is normal

Explanation:

please mark me as brainlier

7 0

2 years ago

Toys, Trinkets and More requires a minimum rate of return of 12% on its average operating assets. The toy department currently h

Serggg [28]

Answer:

Residual Income = $6,000

Explanation:

Residual income is the excess income of a firm leftover the opportunity cost of capital or over the desired income.

Given,

The minimum rate of return 12%

Average operating assets = $300,000

Net operating income = $42,000

We know,

Residual Income = Net Operating Income - (Average operating assets x the minimum rate of return)

Residual Income = $42,000 - ($300,000 x 12%)

Residual Income = $42,000 - $36,000

Residual Income = $6,000

6 0

3 years ago

What term was coined by Goldman Sachs in 2001 to describe the fastest growing market economies?

julsineya [31]

BRICS is an acronym for the economies of Brazil, Russia, India, China, and South Africa combined, which in 2001 were the fastest growing major economies in the world.

3 0

3 years ago

The Shoe Outlet has paid annual dividends of $.58, $.66, $.72, and $.75 per share over the last four years, respectively. The st

DiKsa [7]

Answer:

A). 17.13 %

Explanation:

Given that,

Annual Dividend for the first year = $.58,

Annual Dividend for the second year = $.66

Annual Dividend for the third year = $.72

Annual Dividend for the fourth year = $.75

The current price per share = $10.08

To find;

The cost of equity = ?

Procedure:

(0.66 - 0.58)/0.58 = 0.137931034

(0.72 - 0.66)/0.66 = 0. 0909090909

(0.75 - 0.72)/0.72 = 0.0416666667

g = (0.137931034 + 0. 0909090909 + 0.0416666667)/3

= 0.0901689305

$R_{e}$ = {(0.75 * 1.0901689305)/10.08} + 0.0901689305

= 0.17128269

∵ 17.13% is the cost of equity.

6 0

3 years ago

What type of tax system does the United States use? ​

What type of tax system does the United States use?