Ezmerelda jewelers have a marginal tax rate of 32 percent and an average tax rate of 20.9 percent. if the firm owes $34,330 in taxes,
$164,258 taxable income.
Taxable income = $34,330 / .209 = $164,258.37
There are two main types of taxes: direct taxes and indirect taxes. Both tax implementations are different. Some are paid directly, such as reduced income tax, corporate income tax, and wealth tax, while others are paid indirectly, such as consumption tax, service tax, and consumption tax.
Ensuring federal, state, and local governments function properly and provide the services they need. Individual governments have specific focuses, and overall spending on things like defense and social security is in the hands of the federal government.
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Answer:
For example, a trade where the U.S. exports 4,000 refrigerators to Mexico in exchange for 1,800 pairs of shoes would benefit both sides, in the sense that both countries would be able to consume more of both goods than in a world without trade.
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Government increases its spending when the economy is expanding, automatic stabilizers increase the government spending multiplier.
Automatic stabilizers offset fluctuations in economic interest without direct intervention by policymakers. when incomes are excessive, tax liabilities rise and eligibility for authorities blessings falls, with no trade in the tax code or other legislation.
All through a monetary increase, automated stabilizers enable the government to chill off expansion or even fight inflation. while earnings fall, the identical stabilizers can position cash returned in the machine by means of tax refunds, welfare assessments, and other strategies to permit huge quantities of government spending.
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Answer:
c) by setting MR(q)=MC(q) at a q for which p(q) is at least AVC(q)
Explanation:
Profit is maximised at MR= MC and price is greater than MC for monopoly.
Answer: The correct answer is "D. Goods in Process and Factory Overhead."
Explanation: Direct labor: it is the labor consumed in the areas that are directly related to production. It is generated by the workers or operators of the company. It is part of the cost that is incorporated directly into the product. Therefore it is registered as goods in process.
Indirect labor: it is the labor consumed in the administrative areas of the company or that production staff that does not participate directly in the production of the good. As it is part of the cost that is indirectly incorporated into the product, it is considered factory overheads.
