Marginal tax rate in relation to this question is:
The percentage of tax applied to Daniel's income for each tax bracket in which Daniel qualify. Thus, the marginal tax rate is the percentage taken from Daniel's next dollar of taxable income above a predefined income threshold.
Therefore, since Daniel neglected to include a $1,280.00 tax deduction, this will decrease Daniel's taxes by:
$1,280.00 × 0.22 = $281.60
Answer:
Decreases taxes by $281.60
Answer:
b. rise and thereby decrease aggregate demand.
Explanation:
When the economic growth is negatively far away from the potential level, it means destruction and missing development and it starts recession period on the economy. This period will show falling GDP, falling incomes.
In Recession,
- Real GDP , aggregate demand and national output will fall dramatically
- Unemployment will soar to the top, there will be the problem how to find job
- Inflation rates besides the cases above will tend to decrease because there will be lower demand in the economy as well.
- The government will also increase its debts because of expansionary fiscal policy and automatic stabilizers (the government will tend spend more on unemployment benefits)
- Asset prices will decrease because of less demand
- Interest rates will be cut off by central banks due to the aims of stimulating the economy
- Investments will also drop by businesses
-Taxes will tend to increase and needs some expansionary fiscal policy to decrease it
A power of attorney (POA) is a legal document in which the principal (you) designates another person (called the agent or attorney-in-fact) to act on your behalf to make decisions in specified matters or in all matters. It can also refer to the individual designated to act in this way.
Answer:
A. True
Explanation:
The current ratio shows a relationship between the current assets and the current liabilities
In mathematically,
Current ratio = Total Current assets ÷ total current liabilities
where,
The current assets = Cash and cash equivalents + Short-term investments + Accounts and notes receivable + Inventories + Prepaid expenses and other current assets
And, current liabilities would be
= Short-term obligations + Accounts payable
This current ratio is always expressed in times plus its reflects the liquidity of the business organization
