If the US government reduces the paid by the wealthiest citizens, while decreasing welfare payments to the poorest Americans, the result will likely be <u>efficiency and a loss in equality in the US.
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Income Tax
The word "income tax" refers to a category of tax that governments apply on income produced by organizations and people under their control. Taxpayers are required by law to file an income tax return each year in order to establish their tax liabilities.
Income taxes provide money for governments. They are employed to settle government obligations, finance public services, and satiate the needs of the populace. Along with the federal government, several states and local governments also require payment of income tax.
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Answer:
A. $6,400
B. $240
C. $1,000,000
D. $30,000
Explanation:
Requirement A, C, and D:
Prizes and awards are taxable income for a taxpayer. Any awards or prizes won from the lottery or television should be added to the income. Therefore, the Winning lottery is a taxable income for Kerry, $1,000,000. Again, Receiving the award for scientific research is also taxable income for Deborah, $30,000.
The winning award for accomplishments is also a taxable income. So, receiving a $6,400 worth gift bag is a taxable income for Cheline.
Requirement B:
There is an exception if the award is for tangible property and a long-years of accomplishment. At that time, the taxpayers will be excluded from some part of the necessary amounts to be paid as tax. If it is not a qualified award, the exclusion will be $400. If it is qualified, the tax exclusion is 1,600. Since Jon received a gold watch for 25 years of service and the gift is not qualified, he has to pay tax for $(660 - 400) = $240.
Answer:
Note <em>See complete and organized question as attached as picture below</em>
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1. Dividend yield ratio
Correct phrase: Relationship between dividends and the market price of a company's stock.
2. Dividend payout ratio
Correct phrase: Percentage of earnings paid out as dividends.
3. Return on assets ratio
Correct phrase: Measure of a company's success in earning a return for all the providers of the capital.
4. Return on common stockholders' equity ratio
Correct phrase: Measure of a company's success in earning a return for the common stockholders.
Answer:
The correct answer is: it reinforces a top-down decision-making process.
Explanation:
A salary structure of this type prevails issues of complexity, specialization and importance of a given job. From this point on, a series of technical criteria are established based on the relevance of the contracted personnel, where the hierarchical structure shows the level of importance according to whether it is a managerial or trusted position within the management of the organization. The positions with the highest salary are usually those located in the upper part of the hierarchical structure, and it decreases as other positions are filled until it reaches those who support the pyramid.
