Answer: I have done this before and the answer is c
Explanation:
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When you purchase an item in a store you may be charged by Sales tax. It is <span>a tax on sales or on the receipts from sales.</span>
Answer:
B. even when government regulations do not apply
Answer:
24.89 percent
Explanation:
The first $50000 is taxed at 15%;
The next (75000 - 50000) = $25000 is taxed at 25% and so on.
then:
Total taxes
= (50000*0.15) + (25000*0.25) + (25000*0.34) +(18740*0.39)
= $29558.60
Then the average tax rate is given by:
=Total taxes/Taxable income
= $29558.60/$118740
= 24.89%
Answer:
The correct answer is option A.
Explanation:
In an oligopoly market there are a small number of firms, who are interdependent on each other. The price and output of each firm affects the other firms. There is high degree of competition.
In this situation, producer's agreement to restrict output tends to be unstable. Each firms wants to earn more profits. Profits can be increased by reducing costs and increasing revenue.
So, each firm will have an incentive to produce more than its output quota, in order to earn higher profits.