Process which is followed to monitor the movement of stock in a company<br><br>

Us federal income tax is progressive by law, but which best explains why is it sometimes regressive in practice?

Solnce55 [7]

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.

3 0

3 years ago

Read 2 more answers

"You found out that now you are going to receive payments of $8,500 for the next 16 years. You will receive these payments at th

Paraphin [41]

Answer:

Present value= $62,722.875≈ $62,723

Explanation:

To calculate present value use this formula

Present value= Yearly payment*{[1-(1+rate)^-period]/rate}

Present value= 8,500*{[1-(1+0.11)^-16]/0.11}

Present value= 8,500* {0.8117/0.11}

Present value= 8500*7.379= $62,722.875

5 0

3 years ago

Using the following national income accounting data, compute (a) GDP, (b) NDP, and (c) NI. All figures are in billions.Category

Ymorist [56]

Answer:

a. $343.7 billion

b. $331.9 billion

c. $334.1 billion

Explanation:

The computation is shown below:

a. For GDP

GDP = Personal consumption expenditures + Government purchases + Net private domestic investment + Consumption of fixed capital + net exports

where,

Net exports = U.S. exports of goods and services - U.S. imports of goods and services

= $17.8 - $16.5

= $1.3 billion

So, the GDP would be

= $219.1 + $59.4 + $52.1 + $11.8 + $1.3

= $343.7 billion

b. For NDP

NDP = GDP - Consumption of fixed capital or depreciation

= $343.7 - $11.8

= $331.9 billion

c. For NI

NI = GDP + Net foreign income

= $331.9 billion + 2.2 billion

= $334.1 billion

All values are in billions

5 0

3 years ago

Grandma and Grandpa Generous had many children, but they have only one grandchild,Harold. Grandma and Grandpa would like to give

Leni [432]

Answer:

Gift Tax GSTT

Explanation:

In such a scenario, Grandma and Grandpa Generoushave a current liability to the Gift Tax GSTT. This tax rate applies to Grandma and Grandpa Generous because the gift exceeds the limit per individual for gifting and because they have exhausted their lifetime gift-tax exemption. Meaning that they have to pay taxes on this gift of $5.43 million which according to the GSTT guidelines is a fixed rate of 40% of the gift that was given.

8 0

3 years ago

Mountaineers Inc. sells its rock-climbing shoes worldwide. Mountaineers Inc. expects to sell 4,000 pairs of shoes for $165.00 ea

bogdanovich [222]

Answer:

expected sales January, 4,000 pairs of shoes at $165 each = $660,000

expected sales February, 2,000 pairs of shoes at $220 = $440,000

expected COGS = 75% of expected revenue

expected sales March, 4,600 pairs of shoes at $240 = $1,104,000

ending inventory = $18,000 plus 45% of next month's COGS

<h2> <u>Sales budget</u> </h2>

Month January February March

Units 4000 2000 4600

Price $165 $220 $240

Total sales $660,000 $440,000 $1,104,000

<h2><u>Inventory, Purchases and COGS Budget</u></h2>

January February March

cost of goods sold $495,000 $330,000 $828,000

<u>+ desired ending inventory $166,500 $390,600 ? </u>

Total merchandise required $661,500 $720,600 ?

<u>- beginning inventory ($315,000) ($346,500) ($374,100)</u>

budgeted purchases $346,500 $374,100 ?

8 0

3 years ago

Process which is followed to monitor the movement of stock in a company​

Process which is followed to monitor the movement of stock in a company