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Lesechka [4]
3 years ago
13

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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The best answer here would be
C.) index universal life insurance.
With life insurance it's not required by the state, therefore, you get to choose a specific plan that fits your desire for payments.

6 0
3 years ago
In the first quarter of operation, the Blending Department of ChemUSA produced 50,000 barrels of Compound X and left 20,000 barr
Afina-wow [57]

Answer:

1. Compound X started in first quarter = 50,000 Barrels + 20,000 Barrels

Compound X started in first quarter = 70,000 Barrels.

2. Finished goods unit = 50,000

Finished goods completed % = 100%

Finished goods equivalent Units = 50,000 * 100% = 50,000

Work in process unit = 20,000

Work in process completed % = 55%

Work in process equivalent Units = 20,000*55% = 11,000

Total Equivalent Unit = 50,000 + 11,000 = 61,000

Cost per equivalent unit = $231800/61000 = $3.80

Total cost = [Finished goods equivalent Units*Cost per equivalent unit] + [Work in process equivalent Units*Cost per equivalent unit]

Total cost = 50,000*$3.80 + 11,000*$3.80

Total cost = $190,000 + $41,800

Total cost = $231,800

7 0
3 years ago
malcom is starting to turn down overtime opportunities, he has developed a personal reading list that he is working through, and
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Malcolm is starting to turn down overtime opportunities, he has developed a personal reading list that he is working through, and he is cutting back from seven-day weeks to five-and-one-half-day weeks. Malcolm is most likely working on increased leisure time.

In step with your textual content, the subsequent is the high-quality definition of strain a terrible emotional state that happens whilst events are perceived as exceeding someone's assets or ability to cope. practice what you have got discovered to trade your behavior.

A gender-numerous group of workers offers easier access to sources, along with various resources of credit score, more than one asset of records, and wider industry knowledge. A gender-various workforce permits the agency to serve an increasing number of various patron bases. attaining gender equality is critical for workplaces now not simplest because it's miles 'truthful' and 'the right element to do but due to the fact it's also linked to a rustic's average monetary overall performance.

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8 0
1 year ago
What are the three main categories of a tax return?
Gennadij [26K]

Answer:

1040, 1040A and 1040EZ

Explanation:

hope this helps

7 0
3 years ago
Bed & Bath, a retailing company, has two departments, Hardware and Linens. The company's most recent monthly contribution fo
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For this problem, we are required to calculate the net operating income.

In order to answer the question, we will first calculate the impact of the changes on the Hardware department. Then we will add the remaining fixed costs that are currently charged to Linens that will continue.

To calculate net operating income, subtract operating expenses from the revenue generated by a property. Revenue from real Hardware department estate includes rental income, parking fees, service changes, vending machines, laundry machines, and so on.

Net income, also known as the bottom line, Hardware department indicates a business's profitability. It shows how much profit is left from revenue after accounting for expenses and liabilities. Net income is profit that can be distributed to business owners or shareholders or invested in business growth.

A corporation's positive net income causes an increase in the retained earnings, which is part of stockholders' equity. A net loss will cause a decrease in retained earnings and stockholders' equity.

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6 0
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