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valina [46]
3 years ago
5

Background information: In 2012, President Obama and Congress debated the issue of taxes and tax cuts.

Business
2 answers:
kherson [118]3 years ago
6 0

Answer:

2,3,4

Explanation:

san4es73 [151]3 years ago
4 0

Answer: Lower taxes increase consumer spending.

Increased consumer spending strengthens the economy.  

Higher taxes will have a severe impact on citizens

Explanation:

You might be interested in
By shutting​ down, a firm A. stops receiving revenue and is stuck with its fixed costs. B. can avoid paying taxes on its previou
wel

Answer:

option A

Explanation: A firm cannot avoid paying taxes on previous profits as these profits were earned before the shutting down period and generally the taxes on profits for current period  are paid at a later period. Thus option B is incorrect.

.

Revenue is the total income that a business gets from its normal operations and variable cost is the cost that changes with the level of output. Thus, there will be no revenue and also variable cost.  Hence option C is incorrect.

.

Sunk cost are the costs that cannot be recovered and are already been incurred.So a company can avoid its variable cost by shutting down but not its   sunk cost. Hence option D is incorrect.

.

Fixed costs are the costs that are independent of the level of output. Therefore, a company after shutting down will not receive revenue but will have to bear fixed cost. Hence option A is correct.

4 0
3 years ago
Carol and Dave each purchase 100 shares of stock of Burgundy, Inc., a publicly owned corporation, in July for $10,000 each. Caro
Illusion [34]

Answer:

b. They are treated differently because the loss in value of Carol's stock is the result of a sale, while the loss in value of Dave's stock is simply a decline in value.

Explanation:

Although the stock owned by Carol and by Dave declines in value by $2,000, however Carol only has a realized and recognized loss of $2,000. The main factor in determining whether a disposition has taken place often whether an identifiable event has occurred. In the current scenario, Carol’s stock sale qualifies as a disposition and the Dave’s stock value decline does not qualify as a disposition and is simply a decline in value.

6 0
3 years ago
The brooks' paid-off property sold for $247,600. what will they net after paying a 7.5ommission to their broker?
Ronch [10]

They will pay net $229,030 after paying a 7.5% commission to their broker.

<h3>What is commission?</h3>
  • Commissions are a type of variable-pay compensation for provided services or sold goods.
  • Commissions are a typical method of encouraging and rewarding salespeople. It is also possible to create commissions to promote particular sales behaviors.
  • For instance, when offering significant discounts, commissions might be decreased.
  • When you buy, you normally pay a commission, and when you sell, you typically pay another commission. Investment commissions are not regarded by the IRS as a tax-deductible item.
  • Instead, the commission is included in the cost basis of the investment, giving you a small tax break.
<h3>Calculation of net payment:</h3>

= 100% - 7.5%

= 92.5%

= $247,600 x 92.5%

= $229,030

Hence, they will pay net $229,030 after paying a 7.5% commission to their broker.

Learn more about commision here:

brainly.com/question/20987196

#SPJ4

3 0
1 year ago
A popular manuscript format during the gothic period was the __________, which paired selected scriptural passages with interpre
Semenov [28]
A popular manuscript format during the Gothic period was the <u>Moralized Bible</u>, <span>which paired selected scriptural passages with interpretations, using pictures and words to convey the message.
Its original name is </span><span>Bible moralisée, also known as biblia pauperum (Paupers' Bible), which is a type of a Bible with illustrations for the majority of poor people who couldn't read at the time. The Church still wanted to educate even the poor about the events of the Bible, but given that they couldn't read, they introduced pictures to help them out.</span>
8 0
3 years ago
Super Grocery store allocates its service department expenses to its various operating (sales) departments. The following data i
Kruka [31]

Answer:

6,000

Explanation:

The computation of the total administrative expense allocated to the Meats department is shown below:

= (Total administrative expenses ÷ total square feet) × meat square feet

= ($15,000 ÷ 3,000) × 1,200

= 6,000

We simply do the proportion based on the meats department by dividing the total square feet

All other information which is given in the question is not considered. Hence, ignored it

8 0
3 years ago
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