Answer:
No,
Explanation:
The tax withholding system is something that most of us take for granted, but the concerned citizens, politicians and economists who have analyzed it have many criticisms of the system.
Taxpayers have no idea how much they pay and are apathetic about tax rates
If taxpayers had to make one large payment, they would know exactly how much they were forking over for federal taxes, Social Security taxes, Medicare taxes and state taxes. Since the money is taken gradually, many people never pay attention to the full amount, which makes it easier for high tax rates to persist and for the government to increase tax rates. For example, the state of California in 2009 decided to use the tax withholding system to take a large, interest-free loan from its taxpayers. It increased the withholding tax by 10%, and even journalists didn't seem to notice until the days before the rate hike was implemented. The government says it will refund the borrowed money in April.
Answer:
The correct answers are D, E and F. In a perfect competition system, identical products are offered, there are no barriers to entering the market, and firms are price takers.
Explanation:
Perfect competition is a theoretical (a non possible hypothesis) situation of a market in which there is an ideal competitive situation among all the agents that make up the offer: the same product or service with identical conditions is offered by all sellers, who enter the market without major restrictions and cannot determine the price by no means, but this is purely and exclusively determined by the free play of supply and demand. Thus, none of the bidders can influence in any way the willingness to consume of the buyers, who decide based exclusively on non-market issues.
Answer:
$77,600
Explanation:
February
Total Needs:
= Budgeted Cost of Goods Sold + Desired Ending Inventory
= $ 86,000 + (28% of March cost of goods sold)
= $86,000 + (0.28 × $56,000)
= $86,000 + $15,680
= $101,680
Budgeted purchases of inventory in February Year 2:
= Total Needs - Beginning Inventory
= $101,680 - (28% of February cost of goods sold)
= $101,680 - (0.28 × $86,000)
= $101,680 - $24,080
= $77,600
Geico is it’s own insurance company. Geico gives other people or companies insurance. Hope this helps :)
Answer:
37%
Explanation:
The computation is shown below:
In the first case,
The net income is
= Sales revenue - fixed cost
where,
Sales revenue = Number of students × TI charges per student
= 750 students × $250
= $187,500
So, the net income is
= $187,500 - $85,000
= $102,500
Now on the second case
The net income is
= Sales revenue - fixed cost
where,
Sales revenue = Number of students × TI charges per student
= 900 students × $250
= $225,000
So, the net income is
= $225,000 - $85,000
= $140,000
So, the percentage increase is
= ($140,000 - $102,500) ÷ ($102,500)
= 37%