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3 years ago

In general, is the U.S. federal tax system progressive or regressive?

Business

1 answer:

Lubov Fominskaja [6]3 years ago

3 0

Answer:

1- (a) Progressive.

2- (a) As a capital gain taxed at the long-term tax rate.

3- decreased, reduce, greater

4- required

5- Dividends paid.

Explanation:

1- In the U.S. federal income taxes are progressive. They take a larger share of income as the income grows. People with higher incomes will pay a large percentage of their income as federal tax and people with lower incomes will pay a lower percentage of income.

2- The share are purchased and sold after few years. The investment is kept for more than a year than its capital gains will be taxed at the long-term tax rate.

3- Depreciation expense is considered as a tax shield. The larger the depreciation expense, the lower will be the taxable income.

4- The tax payers are liable to pay greater if AMT liability or regular tax liability under tax law 1969.

5- Dividends paid are not deducted to derive taxable income. Interest paid is deducted from operating income to calculate taxable income.

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Which qualities will build an employer’s dependability and reliability on an employee?

Elan Coil [88]

Answer:

Being On Time.

Respects and Meets Deadlines.

Detail Oriented and Takes Initiative. ...

Supports Peers and is Loyal.

7 0

3 years ago

Hodgkiss mfg., inc., is currently operating at only 94 percent of fixed asset capacity. current sales are $740,000. how fast can

tangare [24]

Sales grow before any new fixed assets are needed is $156,480.

Fixed assets , additionally known as lengthy-lived assets or property, plant, and equipment, are a time period utilized in accounting for belongings and belongings that cannot without difficulty be converted into cash. fixed properties are one of a kind from modern assets, along with coins or bank accounts, due to the fact the latter is liquid belongings.

currently operating = 94 percent

current sales = $740,000

Full capacity sales = current sales/ Current capacity utilisation

= 500000/0.94

= $531,914.89

Percentage of fixed assets to full Capacity Sales = Fixed Assets / full Capacity Sales

= 400000/531914.89

= 0.752

Total Fixed assets Needed for New Sales = 74000*0.752

= 556480

Additional Fixed Assets needed = 556480 - 400000

= $156,480 answer.

Learn more about fixed assets here:-brainly.com/question/25746199

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7 0

1 year ago

The journal entry to record employer payroll taxes owed affects ______.

weeeeeb [17]

Answer:

a) liabilities only

Explanation:

The journal entry to record the payroll tax expense is shown below:

Payroll tax expense A/c Dr

To Social security tax payable A/c

To Medicate tax payable A/c

To State Unemployment tax payable A/c

To Federal Unemployment tax payable A/c

(Being the payroll tax expense is recorded)

The payroll tax expense is shown on the debit side of the income statement whereas payroll tax payable is shown on the liabilities side of the balance sheet

5 0

3 years ago

Dividing customers into different categories and offering different prices based on customer segments is the pricing strategy kn

morpeh [17]

Dividing customers into different categories and offering different prices based on customer segments is the pricing strategy known as Price discrimination.

Demographic, psychographic, behavioral, and geographic segmentation are considered to be the four main types of market segmentation, but there are many other strategies that can be used, including different variations of the four main types. there is. Below are some methods you might want to consider further.

Customer segmentation is the process of dividing customers into groups based on common characteristics so that companies can effectively and appropriately market to each group. B2B marketing allows companies to segment their customers based on many factors, including industry.

Learn more about customer segments at

brainly.com/question/8903427

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8 0

1 year ago

Santoyo Corporation keeps careful track of the time required to fill orders. Data concerning a particular order appear below:

GrogVix [38]

Answer:

Santoyo Corporation

Tracking Time to Fill Orders:

The delivery cycle time was 25 hours.

Explanation:

The delivery cycle time sums the time occasioned by the supply delay and the reordering delay before the goods reach the customer. As an order is received by Santoyo Corporation there is usually a wait time of half a day or 12.5 hours. The processing of the order consumes 1.6 hours. Before delivery is made, the inspectors spend 0.8 hours or 48 minutes doing what they know best. Then, freight takes 4.2 hours for the delivery van to reach the customer's warehouse. At that point, another 5.9 hours are spent queueing for the receipt of the goods by the customer.

8 0

3 years ago