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3 years ago

describe the efforts that local governments should make to increase local revenue from the tax sector!

Business

1 answer:

Talja [164]3 years ago

5 0

Answer:

I need help too, I'm about to fail this

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In the underground city of Neverwhere, GDP is $15 trillion, consumption is $10 trillion, and government spending is $2.5 trillio

9966 [12]

Answer:

$3 trillion

Explanation:

Given that,

GDP = $15 trillion

consumption = $10 trillion

Government spending = $2.5 trillion

Taxes = $1 trillion

Net capital inflow = $0.5 trillion

Investment:

= GDP - Consumption - Government spending + Net capital inflow

= $15 - $10 - $2.5 + $0.5

= $3 trillion

We know that savings is equal to investment spending.

Therefore, the total savings for the economy of Neverwhere is $3 trillion.

8 0

3 years ago

Candlewood LLC started business on September 1, and it adopted a calendar tax year. During the year, Candlewood incurred $6,500

SpyIntel [72]

Answer:

deduction for organizational expenses = $5,000

Explanation:

Since the total startup costs are over $50,000 then the company's deduction will be lower. Generally speaking, a company can deduct up to $5,000 in organizational an startup costs ($5,000 each). But if the costs are over $50,000, then your deduction will be reduced by $1 for each dollar over that threshold.

In this case, organizational costs were $9,500, so they can deduct $5,000 during the first year and $4,500 will be amortized over the next 15 years. Startup costs are $54,500, which means that they can only deduct $5,000 - ($54,500 - $50,000) = $500 during the first year. The remaining $54,000 must be amortized over a 15 year period. Total deduction during the first year = $5,000 + $500 = $5,500

8 0

3 years ago

I don’t know what the percentages are for each one

hram777 [196]

Answer:

thats correct

Explanation:

4 0

3 years ago

There are three rooms. The first one is filled with very important papers. The second one is filled with money. The third one is

Kryger [21]

All of them at the same time? This is hard.... 0.0

8 0

3 years ago

Read 2 more answers

Baltimore Baking is preparing its cash budget and expects to have sales of $30,000 in January, $35,000 in February, and $35,000

Tcecarenko [31]

Answer:

The correct answer is $33,000.

Explanation:

According to the scenario, the given data are as follows:

Jan sales = $30,000

So, Amount collected in March of Jan. = 40% x $30,000 = $12,000

Feb sales = $35,000

So, Amount collected in March of Feb. = 40% x $35,000 = $14,000

Mar. sales = $35,000

So, March cash sales = 20% x $35,000 = $7,000

So, we can calculate the total cash receipts in march by using following formula:

Total cash receipts in march = Amount collected in March of Jan + Amount collected in March of Feb + March cash sales

= $12,000 + $14,000+ $7,000

= $33,000

6 0

3 years ago