Answer:
Ans. c) Income tax rate must be 23%
Explanation:
Hi, the total income of Thailand´s workforce is:
Since Thailand´s government needs to raise $70,000,000,000, the tax rate has to be:
So Thailand´s tax rate must be: c. 23%
Best of luck.
The automation of the workplace, which replaces workers with technology, is another cause of the changes in the job market.
<h3><u>
What is automation?</u></h3>
- A broad range of technologies that minimize human involvement in operations are referred to as automating.
- By predetermining decision criteria, subprocess linkages, and related actions — and embodying those predeterminations in computers – human intervention is decreased.
- An industrial control system with tens of thousands of input measurements and output control signals can be automated, as can a thermostat controlling a boiler in a home.
- The banking industry has also been impacted by automation. Control complexity can range from straightforward on-off control to sophisticated multivariable algorithms.
Automation is the use of a variety of tools and control systems, such as machinery, factory processes, boilers, and heat-treating ovens, as well as the activation of telephone networks and the steering and stabilization of ships, aircraft, and other applications and vehicles with a minimum of human intervention.
Know more about automation with the help of the given link:
brainly.com/question/28222698
#SPJ4
Answer:
D. higher than the equilibrium interest rate.
Explanation:
The Fisher equation at equilibrium ; i = r + τe helps you to answer this question whereby;
i = nominal interest rate
r = real interest rate
τe = expected inflation rate
If we re-write it beginning with real interest rate ; r = i - τe .
So, considering the above equation, if the <em>actual</em> inflation rate turns out to be lower than <em>expected</em> , we will have a lower τe and the difference (i - τe) will be bigger making the real interest rate higher than equilibrium.
Answer:
$44,928,000
Explanation:
The fact that 416,000 received a refund of $3,600 each means that the tax authority would lose the interest income that could have been generated on the total refund amount based on a 3% interest rate of return.
Lost annual income=number of people who got refund*average refund per person*interest rate of return
number of people who got refund=416000
average refund per person=$3,600
the interest rate of return=3%
Lost annual income=416,000*$3,600*3%
Lost annual income=$44,928,000
I believe the answer is: High-income earners use tax laws to their advantage to reduce their tax rates
High income earners tend to possess financial knowledge or ability to allow experts who understand the full scope of taxation laws and how to recorded the transactions in a way that make it eligible for tax deduction. This makes a lot of high income earners manage to avoid paying taxes even if they manage to obtain a lot of profit.
