Answer:
$81,900
Explanation:
tax liability = (total income - total expenses + long term capital gains - short term capital gains) x tax rate
tax liability = ($730,000 - $400,000 + $90,000 - $30,000) x 21% (corporate tax established by TC&JA) = $390,000 x 21% = $81,900
Corporations pay the same tax rate for normal income or capital gains, unlike individuals who generally pay lower capital gains rates.
Answer:
true ......................
Answer:
Answer is B
there will be budget surplus= 14-12= $2 billion
as we have surplus we can divert this amount to pay out the debt so debt will reduce by 2 billion and remaining debt will be of $ 43 billion
Answer:
b. prevent mergers that would decrease competition and raise the costs of production
Explanation:
Antitrust laws are set up to prevent unfair advantage by a firm or group of firms in the market. The main aim is to provide a level playing field for all forms in a particular industry.
This is done by increasing competition among the firms and reducing cost of production.
Cost reduction help new firms to enter the market easily.
So antitrust laws have economic benefits when they prevent mergers that would decrease competition and raise the costs of production.
