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chubhunter [2.5K]
3 years ago
12

the government removes a $4 tax on buyers of restaurant meals and imposes the same $4 tax on sellers of restaurant meals, then t

he price paid by buyers will Use letters in alphabetical order to select options A not change, and the price received by sellers will decrease. B not change, and the price received by sellers will not change. C decrease, and the price received by sellers will not change. D decrease, and the price received by sellers will decrease.
Business
1 answer:
lesya692 [45]3 years ago
4 0

Answer:

(B)

Explanation:

The price paid by buyers will not change, and the price received by sellers will not change because;

First,

Buyers paid 4$ tax before, later government removes or substracts -$4 tax away causing tax on meal purchased by buyers = $0.

Second,

Prior to removal of the tax on buyers of meals, sellers would have likely included this cost $4 into their cost of meals to buyers.

Now buyers are not imposed tax but the sellers are. Sellers would include this cost into the cost of meals, which is then transferred to buyers.

The equation would look this way;

Cost +$4 tax - $4 tax= + $4

The same cost would apply.

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Labor, privacy, and health
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Financial accounting primarily provides information to which group of decision makers?
Anastaziya [24]

Answer:

A) investors

Explanation:

The main aim of financial accounting to provide information to the investors( existing and would-be) about the performance and position of the business at a particular point in time.

Performance relates to net income earned while the position is about the net assets of the company which is an offshoot of all the assets owned and liabilities(obligations) owed to other parties

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3 years ago
will lie above the marginal product curve for the firm with less capital. must equal the marginal product curve for the firm wit
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busineess would have to chnage that

3 0
2 years ago
Luke is an ordained minister. Luke's salary from his employing church last year was $31,000. The church did not designate any of
nirvana33 [79]

Answer

$31,000

Explanation:

(c) $31,000

Explanation:

As per IRS for Earnings of Clergy, A licensed, commissioned, or ordained minister who performs ministerial services as an employee may be able to exclude from gross income the fair rental value of a home provided as part of compensation (a parsonage) or a housing allowance provided as compensation if it is used to rent or otherwise provide a home. In order to be able to exclude the housing allowance from income, the minister's employing organization must officially designate the housing allowance as such before paying it to the minister.The fair rental value of a parsonage or the housing allowance is excludable only for income tax purposes, and not for Self-employment tax purpose.

In the given case, the church did not designate any of Luke's salaries as a housing allowance. Hence it is not deductible from Gross Income for Income Tax Purposes and irrespective of designation or not, it is not deductible for self-employment tax.

Thus, Full salary of Luke i.e $31,000 must be included when figuring net income for self-employment tax.

7 0
3 years ago
Compensation for your employer over and above your income describes:
nata0808 [166]

The compensation that can be provided to the employer over and above employee's income could be an Insurance payment or accumulated Tax refund.

<h3>What is Insurance?</h3>

Insurance is a financial plan that promises to mitigate any loss suffers.

<h3>What is Tax refund?</h3>

A tax refund entails money return to an organization if they pay more tax than they should.

In conclusion, the compensation that can be provided to the employer over and above employee's income could be an Insurance payment or accumulated Tax refund.

Read more about compensation

<em>brainly.com/question/25301308</em>

6 0
2 years ago
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