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ss7ja [257]
3 years ago
15

Double taxation is a disadvantage of a corporation because the corporation has to pay income taxes at twice the rate applied to

partnerships.
True / False
Business
1 answer:
Murrr4er [49]3 years ago
6 0

Answer:

given statement is false

Explanation:

solution

the given statement is false because here  Double Taxation meaning that income are taxed in the hand  of corporation and then in the hand  of shareholders  

when dividends is distributed that does not meaning that the corporation pay  double the tax of partnerships

so we can say given statement is false

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What are the scopes of microeconomy​
MAVERICK [17]

MICROeconomics refers to the effects and purchasing decisions of individuals.

This differs from MACROeconomics which focuses on large scale views of things that affect the economy as a whole like inflation and interest rates.

7 0
3 years ago
Alexandra is a veterinarian employed by Fast Vet Services. Susan is a self-employed veterinarian. During the current year, Alexa
melomori [17]

Answer/Explanation:

Susan's veterinary expenses are deductible for adjusted gross income

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Therefore, Alexandra only benefits if she itemizes her deductions while Susan will always get the full benefit of the deduction.

3 0
3 years ago
Suppose Joe's wage increased from $10 per hour to $12 per hour, and over the same time period the GDP deflator increased from 10
Burka [1]

Answer:

Explanation:

Im prettier sure if u add them with a calculator it could come out with the answer and it may add up too the correct answer

3 0
3 years ago
Pat maninen earns a gross salary of $3,000 each week. assume a rate of 6.2% on $118,500 for social security and 1.45% for medica
Sonbull [250]
Answer:

Social Security = $186.00
Medicare = $43.50

Explanation:

Since the given rate for Social security is 6.2%, the first week deduction is 6.2% of gross weekly salary, which is $3,000. Hence, the first week deduction for Social Security is given by

Social Security Deduction = 6.2% of $3,000
                                          = 0.062 × 3,000 (Change 6.2% to decimal)
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Similarly, since 1.43% is the given rate for medicare, the first week deduction is 1.43% of the gross weekly salary, which is $3,000. Thus, the first week deduction for medicare is given by

Medicare Deduction = 1.43% of $3,000 
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7 0
3 years ago
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4 0
3 years ago
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