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3 years ago

The marginal tax rate is equal to the:_______

Business

1 answer:

den301095 [7]3 years ago

6 0

Answer:

D) change in the person's tax payment divided by the change in the person's taxable income.

Explanation:

The marginal tax rate is a form of progressive tax because the tax payment increases as income increases.

The marginal tax rate measures the extra amount of tax you have to pay for each additional dollar of income. In this sense, the marginal tax rate is theoretically 1 at maximum because you cannot tax someone at a rate over 100% of their income.

The formula is:

Marginal tax rate = ΔTax Payable/Δ Taxable income

Where Δ means "change"

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Which of the following statements is true? Group of answer choices If current Real GDP is greater than Natural Real GDP, the eco

Archy [21]

Answer: Wages are flexible if the economy is self-regulating.

Explanation:

Classical economists believe that the economy is self-regulating. This means that if the economy is not at equilibrium, it will return to equilibrium if it is left without interference.

For this to happen, inputs such as wages have to flexible to enable them to adjust to market conditions and thus take the Economy back to equilibrium.

For instance, if there is a recession, wages will reduce so that the prices that the producers can charge will reduce as well which will enable supply to match demand and bring the economy back to equilibrium.

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4 years ago

Arnold learned something very valuable as a teenager from his dad. He was told to invest $1,000 at 12% interest at age 20 and

ira [324]

Answer:

The investment of $1000 that yields 12% interest per year would become $2000 in 6 years' time as shown by the calculation below

Explanation:

In determining the how long it would take for the investment to become $2000, the future value formula stated below is used.

FV=PV*(1+r)^N

FV is the $2000

PV, present value is $1000

r is the rate of return at 12%

2000=1000*(1+0.12)^N

2000/1000=1.12^N

2=1.12^N

by taking log of both sides the equation becomes

ln 2=N ln 1.12

N= ln 2/ln 1.12

N=6.116255374

approximately N is 6 years

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4 years ago

Trade Publishing Inc. owns the rights to the Aura series of paranormal-themed novels, and publishes and sells copies in bookstor

WITCHER [35]

Answer:FALSE

Explanation:Sydney can not sell them to another person as he does not have the legal authority to sell copies of the book.

Copyright laws prohibits persons or Organisations who are not the rightful owner of the publishing or marketing of Art works,in certain societies trade marks are given to certain Organisation or agents. Violating this right might lead to legal prosecution either by the Government or the owner of the right.

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3 years ago

Sally wanted to replace the old carpet in her home. She entered into a contract with Good Carpet Co. (GCC) for the purchase and

lilavasa [31]

Answer:

The correct option is B. The contract rules of the UCC apply, because the predominant purpose of the contract was sale of goods.

Explanation:

Note: This question is not complete as the options are omitted. The options are therefore provided to complete the question before answering it as follows:

A. The contract rules of the UCC apply, because the contract included the sale of goods.

B. The contract rules of the UCC apply, because the predominant purpose of the contract was sale of goods.

C. The contract rules of the common law apply, because the contract included services, which are governed by the common law.

D. The contract rules of the common law apply, because all contracts are governed by the common law.

The explanation of the answers is now provided as follows:

The contract between Sally and GCC majorly has to do with sales of carpet. Therefore, the contract does not involve service supply, which is installation in this case, as a major component.

Another thing is that the intention of Sally was to sue GCC for the services they provided rather than the product, i.e. carpet, they sell.

Therefore, the correct option is B. The contract rules of the UCC apply, because the predominant purpose of the contract was sale of goods.

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3 years ago

Jenna opened a successful restaurant. One night, after the restaurant had closed, a fire started when the electrical system malf

Vinvika [58]

Answer:

Indirect loss

Explanation:

The lost profits are an example of indirect loss.

Indirect loss also known as consequential loss is a loss sustained by a business owner when it is unable to use its assets for the intended purpose. Indirect loss is as a result of damage caused by fire, flood, earthquake etc.

An insured business is able to recover part of indirect loss but if the business is not insured, then it will bear the consequences alone.

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3 years ago