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Virty [35]
3 years ago
7

Draw a Laffer curve. Label it. Draw a point on the curve at the tax rate that generates the maximum tax revenue. Label it ​T*. D

raw a point on the curve that shows the approximate location of the United States on the curve. Label it United States. Choose the correct statement. A. A lower tax rate brings greater tax revenue. B. Tax cuts can increase tax revenue. C. A higher tax rate brings in more revenue per dollar​ earned, so a higher tax rate brings in greater tax revenue. D. For tax rates below T​*, a decrease in the tax rate increases tax revenue.
Business
1 answer:
serious [3.7K]3 years ago
4 0

Answer: Theoretically A

Explanation:

One implication of the Laffer curve is that reducing or increasing tax rates beyond a certain point is counter-productive for raising further tax revenue.

. In the United States, conservatives have used the Laffer Curve to argue that lower taxes may increase tax revenue. However, the hypothetical maximum revenue point of the Laffer curve for any given economy cannot be observed directly and can only be estimated – such estimates are often controversial.

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XYZ Co. is using a predetermined overhead rate that was based on estimated total fixed manufacturing overhead of $121,000 and 10
stira [4]

Answer:

the predetermined overhead rate is $12.10

Explanation:

The computation of the predetermined overhead rate is shown below:

The Predetermined overhead rate is

= (Estimated total fixed manufacturing overhead ÷ Estimated direct labor hours)

= ($121,000 ÷ 10,000)

= $12.10

hence, the predetermined overhead rate is $12.10

6 0
3 years ago
If a firm borrows ​$8 comma 000 from households at an annual interest rate of 6 ​percent, how much will the firm pay in interest
laila [671]

Answer:

The firm will pay 480 dollars each year as interest payment.

Explanation:

The interest amount is calculated by multiplying the rate of interest with the amount borrowed. In problem loan is 8,000 dollars and rate of interest is 6%, so the interest amount will be calculated as follow

Interest payment = 8,000 * 6% = 480 dollars

8 0
3 years ago
The type of financial aid which provides money for a job on campus is called
olasank [31]

Awnser would be D for plato


4 0
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A school at which you are likely to be accepted because you meet graduation requirements is called a:
RideAnS [48]
B. Probable college would be the best answer choice
6 0
2 years ago
Differentiate X3+ 3X2+X
natka813 [3]

Answer:

6k

Explanation:

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