Answer:
A. -many substitute
Explanation:
Deadweight loss is inefficiency that occurs as a result of taxation. It's the change in production or consumption as a result of tax.
If tax is imposed on a good with many substitutes, the deadweight loss would be greater because consumers can easily shift consumption to another good that is cheaper.
If a good has inelastic supply or demand, the deadweight loss is less because consumers and producers do not change quantity demanded and supplied if prices increase as a result of tax.
I hope my answer helps you.
Answer:
1. Total earnings
Normal hours 40 *$15 = $600
Overtime 8 * $30 = <u>240</u>
<u> $840</u>
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2. Total Deduction
United fund deduction 50
social security(6%*840) 50.4
Medicare tax(1.5%*840) 12.6
State unemployment(3.4%*600) <u> 20.4</u>
<u> 133.4</u>
<u>3. </u> Cash paid
Total earnings $840
Total Deduction <u> 133.4</u>
<u> 706.6</u>
<u>b. </u> employer payroll tax
Medicare tax = 1.5% *840 = $12.6
Federal unemployment tax = (0.8%*600) <u> 4.8</u>
<u> </u> <u> 17.4</u>
Explanation:
Answer:
See attached file
Explanation:
Accounting Equation Formula:
Assets = Liabilities + Stockholders' Equity
The equation shows that Assets are increased by Debits and decreased by Credits, instead, Liabilities and Stockholders´ Equity decreased by Debits and increased by Credits. In the file, Debits and Credits are represented by the word increased and decreased according to if the transaction has a positive or negative effect on each element.
Answer:
$66,000
Explanation:
The $60,000 paid as last month's rent will be reported as an asset, prepaid rent, and the deposit of $80,000 will be reported as an asset, deposits. The new walls and offices costing $360,000 will be capitalized as leasehold improvements and amortized over the 5-year term of the lease. Amortization will be $72,000 per year or $6,000 per month. As a result, Tell will report expenses in 20X0 of $60,000 in rent and $6,000 in amortization for a total of $66,000.
Answer:thx buddyExplanation:
