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goldenfox [79]
3 years ago
7

Imagine you live in a society with progressive taxation. Your friend makes half of your salary and pays 20 percent in income tax

es. Which rate most likely would be your income tax rate?
A) 2%
B) 10%
C) 20%
D) 40%
Business
2 answers:
svlad2 [7]3 years ago
5 0
A progressive tax means that the more you earn, the higher is the percentage of the taxes that you need to pay: this prevents poverty and supports an equal distribution of wealth.

So if you make more than your friend, you need to also pay more. Only 40% is more, so the correct answer is D)!
Yanka [14]3 years ago
4 0

The correct answer is D) 40%. Progressive tax refers to the tax brackets people fall in and how they tax those brackets. Those with a lower rate of tax have a lower income than those with a higher income do with a higher tax rate. Due to them imposing a higher tax rate on those with a higher income level, the answer D 40%, is the only percentage tax rate that is higher than 20%.

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Elizabeth Kennedy sells beauty supplies. Her annual demand for a particular skin sparkle is 17,000 units. The cost of placing an
elena-s [515]

Answer:

The minimum cost will be "$214085".

Explanation:

D = 1700 units \\\\S =  \$ 50 \\\\H=  20%\\

i) When quantity = 1-1500,  price = $ 12.50 , and holding price is $12.50 * 20 %= $2.50.

ii) When quantity = 1501 -10,000,  price = $ 12.45 , and holding price is $12.45 * 20 %= $2.49.

iii) When quantity = 10,0001- and more,  price = $ 12.40 , and holding price is $12.40 * 20 %= $2.48.

EOQ= \sqrt{\frac{2DS}{H}} \\\\EOQ1= \sqrt{\frac{2\times 17000\times 50}{2.50}} \\\\EOQ1=824.62 \ \ \ or \ \ \ 825\\

EOQ2= \sqrt{\frac{2\times 17000\times 50}{2.49}} \\\\EOQ1=826.2T \ \ \ or \ \ \ 826\\

EOQ3= \sqrt{\frac{2\times 17000\times 50}{2.48}} \\\\EOQ3=827.93 \ \ \ or \ \ \ 828\\

know we should calculate the total cost of EOQ1 and break ever points (1501 to 10,000)units

total \ cost = odering \ cost + holding \ cost + \ Annual \ product \ cost\\\\total_c  = \frac{D}{Q} \times S +  \frac{Q}{2} \times H + (p \times D) \\\\T_c  = \frac{17000}{825} \times 50+  \frac{825}{2} \times 2.50 + (12.50 \times 17000)\\\\T_c = 1030 .30 +1031.25+212500\\\\T_c =$ 214561.55\\\\

T_c  = \frac{17000}{1501} \times 50+  \frac{1501}{2} \times 2.49 + (12.45 \times 17000)\\\\T_c = 566.28 +1868.74+211650\\\\T_c =$ 214085.02 \ \ \ or \ \ \  $ 214085\\\\

T_c  = \frac{17000}{10001} \times 50+  \frac{10001}{2} \times 2.48 + (12.40 \times 17000)\\\\T_c = 84.99+ 12401.24+210800\\\\T_c =$ 223286.23 \\

The total cost is less then 15001. So, optimal order quantity is 1501, that's why cost is = $214085.

5 0
3 years ago
Given the following data for Harder Company, compute cost of goods manufactured: Direct materials used $120,000 Beginning work i
il63 [147K]

Answer:

c. $480,000

Explanation:

Cost of goods manufactured        $

Direct materials used               120,000

Direct labor                               200,000

Manufacturing overhead         150,000

Beginning work in process      20,000

Ending work in process          <u> 10,000  </u>

Cost of goods manufactured <u> 480,000 </u>

So, Correct option is c. $480,000

4 0
3 years ago
Freda's Florist reported the following before-tax income statement items for the year ended December 31, 2021: Operating income
stepan [7]

Answer:

$63,750 and $80,500, respectively.

Explanation:

Operating income : 255,000 x 0.25   =  63,750

Discontinued:   67,000 x   0.25 =    16,750

The Operation Income will be disclosure the pre-tax incoem tax expense adn after-tax result

While, the discontinued operation will be disclosure after-tax therefore it will not be stated in the income statement their amount of income tax

However, the company will have to pay those taxes the total income tax will be the sum of both.

7 0
3 years ago
Partnership records show the following capital balances at the date of Hopkin's withdrawal: M. Hammel, $80,000; D. Hopkins, $210
Anestetic [448]

Answer:

Dr D. Hopkins, Capital 210,000

Cr P. Houghton, Capital 10,000

Cr M. Hammel, Capital 10,000

Cr Cash 230,000

Explanation:

Preparation of the December 31 journal entry for the partnership.

Based on the information given the December 31 journal entry for the partnership will be :

Dr D. Hopkins, Capital 210,000

Cr P. Houghton, Capital 10,000

(100,000-80,000/2)

Cr M. Hammel, Capital 10,000

(100,000-80,000/2)

Cr Cash 230,000

3 0
2 years ago
Kelsey wants to start a yoga studio. In addition to using her own money to get it launched, which is another way Kelsey may be a
hammer [34]

Answer:

A.  by tapping a bank loan

Explanation:

3 0
2 years ago
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