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laila [671]
3 years ago
8

Typically, the average tax rate for a person is ________ his or her marginal tax rate, because the marginal tax rate applies to

________.
Business
1 answer:
creativ13 [48]3 years ago
7 0

Answer:

1. below;

2. the last dollars taxed but not to all income

Explanation:

Given that the average tax rate for individuals is the percentage of income that individuals pay in taxes. While the marginal tax rate applies to a certain part of taxable income, which is usually the last dollar of the income

Hence, Typically, the average tax rate for a person is BELOW his or her marginal tax rate, because the marginal tax rate applies to THE LAST DOLLARS TAXED BUT NOT TO ALL INCOME.

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Mario Dean owns a Wendy's franchise. Mario feels that the franchisor is hurting his business by forcing him to use certain high-
Katarina [22]

Answer:

National Franchise Mediation program ( D )

Explanation:

The National Franchise Mediation program is charged with the responsibility of resolving disagreements/issues arising in the Franchise system of business between the Franchisor ( owner of the business name ) and the Franchisee ( buyer of the business name ) outside the court of law.

The National Franchise mediation program will arbitrate the dispute between Mario Dean and Wendy by listening to the various complaints that would be reported by both Wendy and Mario Dean before giving out a fair , just and impartial ruling on the dispute brought before it. the National Franchise Mediation program is a very vital program for the survival of the Franchise system of business.

8 0
3 years ago
Why does the government carefully monitor horizontal mergers?
Viefleur [7K]
The government carefully monitors horizontal mergers because t<span>he resulting single firm might gain monopoly power in its market, and the government doesn't want it to become a monopoly.</span>
3 0
3 years ago
Read 2 more answers
Refer to the above data. At its profit-maximizing output, this firm's total revenue will be:______
ValentinkaMS [17]

Answer:

The question is incomplete. The complete is given below

OUTPUT PRICE MR TC MC

1                  100         100 100 30

2                     90 80 63 26

3                    80 60 52.67 32

4                     70 40 49.5 40

5                    60 20 49.6 50

6                      50 0 50 52

7                    40 -20 52.29 66

8                    30 -40 55.75 80

9                    20 -60 60.67 100

The total revenue is $280

Explanation:

Profit is maximized at the level of output where marginal revenue (MR) is equal marginal cost (MC).

Marginal revenue is the extra revenue made from selling one additional unit of a product. It is the increase in total revenue as result of selling one more unit. It is given in the third column above.

Marginal cost: It is the increase in total cost as a result  of producing extra one unit- it is given in the last column

Profit maximizing-output: The optimal level of output where marginal revenue is equal to marginal cost. It is the ascertained to be 4 under the first column above. At this level  MR $40 = MC $40

Profit maximizing price:  The selling price at the profit-maximizing output. It is $70 here.

Total revenue that maximized profit= profit-maximizing price × Profit maximizing-output

$70 × 4= $280

6 0
3 years ago
Which of the following is an example of an action that is part of making a rational choice
almond37 [142]

Doing a cost benefit analysis is a part of making a rational choice.

<u>Explanation:</u>

Cost benefit analysis, some of the time likewise called benefit cost analysis or advantage costs investigation, is an efficient way to deal with assessing the qualities and shortcomings of choices used to decide choices which give the best way to deal with accomplishing benefits while safeguarding reserve funds.

A cost-benefit analysis is the simplest way of comparing your options to determine whether to go ahead with a project. The idea is to weigh up project costs against benefits, and identify the action that will give you the most bang for your buck.

7 0
4 years ago
Jeffrey works as an independent contractor for an accounting firm jointly owned and managed by the Matthews brothers. Which of t
lions [1.4K]

Answer:

The correct answer is letter "A": Jeffrey will be solely responsible for making payments for his Social Security (FICA).

Explanation:

Independent contractors act like third party services working for an entity to render services for specific jobs. Independent contractors are not employees of the company who hires them for the job which implies the independent contractors are fully responsible for the payment of their own Social Security and Medicare taxes.

8 0
3 years ago
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