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3 years ago

Should the United States increase their top tax rate by taxing individuals 90% on all income they earn ABOVE $500,000

Business

1 answer:

snow_lady [41]3 years ago

3 0

Answer:

Individuals who earn ~$500,000 and above 40% of all income taxes, and pay 59.1% of all taxes shared. In a common sense, the amount paid should be proportional to not only the amount they earn, but also the amount of people within that tax bracket. In essence, the United States should not increase the top tax rate to 90%, as it is an extremely unfair tax to individuals, just because they are "richer". Also, a hike in taxes to the rich would negatively affect everybody else as well. Many rich people own successful businesses that employ hundreds, if not thousands of middle class and lower class workers. An increase in taxes can lead to lower pays, stagnant job growth or even shrinking, as well as higher costs of products and services to help make up for the amount loss to taxes. The United States government do not need the extra funds if they themselves push for agendas that are not beneficial to the ordinary American, and therefore, they do not have the justification to raise the tax rate.

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On January 1, Year 1, Abbott Company granted 92,000 stock options to certain executives. The options are exercisable no sooner t

Lilit [14]

Answer:

The amount of Compensation expense to Year 1 is $153,333.

Explanation:

Stock options granted 92000

X Fair value on date of grant 5

Total compensation expense 460000

Years 3

Compensation expense per year 1 53333

Therefore, The amount of Compensation expense to Year 1 is $153,333.

3 0

3 years ago

assume that two firms are both following generally accepted accounting principles. both firms commenced operations two years ago

Igoryamba

The statement is False as when the balance sheets for the two companies are submitted to investors, they are not obligated to disclose the same amount of net fixed assets.

The Property, Plant, and Equipment classification is used to categorize fixed assets on a company's balance sheet. The cost of fixed assets is decreased on the balance sheet by depreciating them over the course of their useful lives in order to account for wear and tear. Both firms started off with $1 million worth of identical fixed assets when they first opened their doors two years ago, and neither one has sold or added any new ones. So, they are not supposed to report the same amount of fixed assets to investors since there is an absence of asset purchases.

Both current assets and fixed assets are listed on the balance sheet, with current assets intended for use immediately or for cash conversion and fixed assets for longer-term usage (more than one year).

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8 0

1 year ago

Lorraine works for a company that does not pay very well. She relies heavily on extra paychecks that her company gives out a cou

Nataliya [291]

Answer: Bonus pay plan of individual-level performance-based pay

Explanation:

In this scenario, an extrinsic reward used here is the bonus pay plan. An extrinsic reward simply means a reward that is being given to the employee of a particular company after a particular thing has been achieved.

Here, a bonus pay plan of individual-level performance-based pay is being used. A bonus is given to the employee for meeting a particular requirements. Bonus are calculated base on either the percentage of ones wages or salaries or by using a flat rate.

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3 years ago

Gregory was talking with kareem, his assistant manager, saying, "when i make a decision on which employees will do a project, i

Ira Lisetskai [31]

<span>Gregory's rules of thumb, which he uses in decision making, are known as heuristics.
Heuristic refers to a solution to a problem - it is something you employ in order to achieve the best results possible. These methods you use may not be perfect, but they will help you do what you intended to do properly.
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5 0

3 years ago

In an effort to help prevent children from accidentally ingesting pharmaceuticals, the government passed a regulation requiring

hodyreva [135]

Answer:

D. Good intentions do not always lead to desirable outcomes.

Explanation:

Here in the question, it is evident that in order to protect the children from poisoning themselves, the government took a good step by passing a regulation to put child-resistance safety caps on the pill bottles.

But it is also evident that this regulation back fired and caused more casualties than before due to the non serious behavior of the general public.

Hence it can be concluded that the government put a good intention but it did not lead to the desired outcome for the government.

Hope I made myself clear buddy.

Good Luck.

4 0

3 years ago