All categories

2 years ago

Three (3) State taxes and briefly describe each

1 answer:

8 0

The three state taxes are what you earn, taxes on what you buy, and taxes on what you own.

Earn: individual income taxes, corporate income taxes, payroll taxes, and capital gains taxes;

Buy: sales taxes, gross receipts taxes, value-added taxes, and excise taxes;

Own: property taxes, tangible personal property taxes, estate, and inheritance taxes, and wealth taxes.

You might be interested in

Newly issued securities are sold to investors in which markets?

Bezzdna [24]

Answer:

Primary Market

Explanation:

A Share Is a unit of ownership

This is the market for first issue, the market for second issue, that is, reissuing shares that have been previously issued.

Primary markets are facilitated or controlled by underwriting groups consisting of investment banks that set a beginning price range for a given security and complete its sale to investors.

6 0

3 years ago

Read 2 more answers

You are scheduled to receive annual payments of $3,600 for each of the next 12 years. The discount rate is 8 percent. What is th

KonstantinChe [14]

Answer:

A. $2,170.39

Explanation:

First, we understand that what we are dealing with is Ordinary annuity which represents payments received at the end of each year

As such, The Present value of Ordinary annuity is calculated using the following formula

= Annuity amount x (1-(1+r)∧-n ) /r

Plugging this formula into the schedule given in the question ew have teh following

First, the present value of the payments received at the end of each year

= $3,600 x (1- (1.08∧-12) / 0.10

= $27,129.88

Secondly, the present valueof the payments received at the beginning of each year

= = $3,600 x (1- (1.08∧-11) / 0.10

= $25,700.27 + $3,600 (the amont recieved today)

Total PV = $29,300.27

Finally, find the difference between the PV of cash flow received at the beginning and PV of Cash flow received at the end=

= $29,300.27- $27,129.88

= $2,170.39

7 0

3 years ago

Stores that carry a broad product line, with limited depth, are referred to as

nordsb [41]

Answer:

b. general merchandise stores.

Explanation:

In terms of <u>product line breadth and depth</u>, stores differentiate themselves in product assortment.

A general merchandise store has a broad product line, aiming to offer diverse types of products. However, since it is not specialized in a particular product category, it has limited depth. These types of stores are common in rural communities, where they are the main shop of choice.

7 0

3 years ago

Why is social security and Medicare spending expected to in crease further in the near future? -) the people who qualify will al

masya89 [10]

Answer:because people invents new tecnoligy and other things

Explanation:

6 0

3 years ago

As the marginal propensity to consume (MPC) increases, the spending multiplier: Increases, decreases, stays the sameIf the margi

Sati [7]

Answer:

(a) As the marginal propensity to consume (MPC) increases, the spending multiplier Increases.

(b) Multiplier is 3.30.

Explanation:

(a) As the marginal propensity to consume (MPC) increases, the spending multiplier: Increases, decreases, stays the same.

In economics, the higher the MPC, the higher the spending multiplier.

Therefore, as the marginal propensity to consume (MPC) increases, the spending multiplier Increases.

(b) If the marginal propensity to consume is 0.70, then, assuming there are no taxes or imports, the multiplier is: (Note: round to the nearest tenth).

This can be calculated as follows:

Multiplier = 1 / (1 - MPC) = 1 / (1 - 0.70) = 1 / 0.30 = 3.33333333333333

Rounding to the nearest tenth, we have:

Multiplier = 3.30

(c) Given the multiplier that you calculated, what is the total impact on spending when there is a $1,000 increase in government spending?

Total impact on spending = Increase in government spending * Multiplier = $1,000 * 3.30 = $3,300

3 0

2 years ago