5) name 5 reasonable possibilities to earn money online.

There are 4 households in a locality. The annual income of the first household $20,000, the annual income of the second househol

mihalych1998 [28]

Answer:

b) The progressive income tax system

Explanation:

The tax is compulsory contribution levied by the authority in a territory on goods, services, income and profit.

Proportional income tax :Income tax is said to be proportional where the same tax rate is paid by all irrespective of their income bracket.

A progressive income tax is that where the tax rate becomes higher for those income earners in the high income bracket. The tax rates on every dollar earned becomes higher with increase in income.

The regressive income tax is where a lower percentage is paid as tax as the income income increases. Lower rate is paid on additional dollar earned.

The scenario in the question falls under the concept of progressive income tax system

6 0

3 years ago

Read 2 more answers

Describe the typical costs of a retiree. HURRY!!!!!! HURRY!!!!!HURRY!!!!!!!!

djverab [1.8K]

Hello there,

A typical cost of a retirement would be the following:

Perhaps the "Car of the year".

Smaller House/Smaller apartment.

Hope this helps.

~Jurgen

3 0

4 years ago

Read 2 more answers

Consider the following transactions for Huskies Insurance Company:

PilotLPTM [1.2K]

Answer:

31-Dec

Dr Depreciation expense $7,000

Cr Accumulated Depreciation - Equipment $7,000

31-Dec

Dr Interest receivable $1,750

Cr Interest revenue $1,750

31-Dec

Dr Deferred Revenue $4,000

Cr Revenue or Service Revenue $4,000

Explanation:

Preparation of the necessary adjusting entry for Huskies Insurance at its year-end of December 31.

31-Dec

Dr Depreciation expense $7,000

Cr Accumulated Depreciation - Equipment $7,000

(Being to adjust 12 month depreciation)

31-Dec

Dr Interest receivable ($50,000 x 7% x 6/12) $1,750

Cr Interest revenue $1,750

(Being to adjust 6 month interest revenue accrued)

31-Dec

Dr Deferred Revenue ($16,000 x 3/12) $4,000

Cr Revenue or Service Revenue $4,000

(Being to record earned revenue for 3 months)

6 0

3 years ago

Buying with credit cards can cause major problems. True False

tensa zangetsu [6.8K]

The answer is obviously true

6 0

3 years ago

Read 2 more answers

on january 1, 2021, adams-meneke corporation granted 15 million incentive stock options to division managers, each permitting ho

Bingel [31]

Compensation expense for the stock option plan in 2021, 2022, 2023 are $210 millions, $96 million, $108 million.

Options granted 120 Millions

Multiply: Estimated fair value per option is $ 3

Total Compensation Expense is $ 360 Millions

Divided by: No. of years in vesting period (2021,2022 & 2023) 3 Years

Compensation expense for the stock option plan in 2021. is $ 120 Millions

Amounts are expressed in millions $.

Date General journal debit Credit

31st Dec, 2021 Compensation expense $ 120

Paid in capital – stock options $ 120

Percentage of option forfeited (100%-10%) = 90%

Cumulative Compensation expense Up to Year 2022 (360*90%*2/3) = $ 216

Less: recognized in earlier year is $ 120

Compensation expense For Year 2022 is $ 96

Cumulative Compensation expense Up to Year 2023 (360*90%*3/3)

= $ 324

Less: recognized in earlier year is $ 216

Compensation expense For Year 2023 is $ 108

Amounts are expressed in millions $.

Date General journal debit Credit

31st Dec, 2023 Compensation expense $ 96

Paid in capital – stock options $ 96

31st Dec, 2023 Compensation expense $ 108

Paid in capital – stock options $ 108

Learn more about Compensation Expense, here

brainly.com/question/27129728

#SPJ4

3 0

2 years ago

5) name 5 reasonable possibilities to earn money online.​

5) name 5 reasonable possibilities to earn money online.