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.
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Answer:
Correct option is (D)
Explanation:
Total cost is a sum of Total fixed cost and total variable cost. Fixed cost does not change with the change in number of units produced. Variable cost on the other hand increases with the increase in production.
So, initially fixed cost is higher than variable cost at a certain production level. As production increases, fixed cost is spread across units and per unit fixed cost falls but variable cost keeps increasing, so total cost keep increasing with increase in production because of variable cost component.
<span>Under agency law, Michelle can work as Kim's agent in the purchase of the contract. Kim would be the principle under the contract, Michelle would be the agent, and the gallery would be the 3rd party. Kim needs to authorize Michelle to complete a contract on his behalf and he will in turn be bound, just as the gallery will be bound.</span>
<span>The total price is $625.
100 - 5 = 95
100 - 2 = 98
100 - 1 = 99
.95 x .98 x .99 = .92169
Net Price = 625 x .92169
Therefore the price with the trade discount is $576.06.
First, you calculate the total discount by multiplying each discount together. After finding the total discount on the order, you multiply that by the total price to get the net price that should be paid.</span>
