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ser-zykov [4K]
2 years ago
9

The marginal tax rate for a lump-sum tax a. is always positive. b. is zero. c. can take on any value but must be greater than th

e average tax rate. d. is always negative.
Business
1 answer:
o-na [289]2 years ago
7 0

Answer:

b. is zero.

Explanation:

Taxation can be defined as the involuntary or compulsory fees levied on individuals or business entities by the government to generate revenues used for funding public institutions and activities.

There are three (3) types of taxation used by the government, these are;

1. Progressive taxation: it involves charging individuals having higher incomes a higher percentage of their total income.

For instance, Citizen A pays 20% on $50,000 and Citizen B pays 15% on $36.000.

2. Proportional taxation: it involves charging both lower and higher income earners equally in proportion to their income.

For instance, Citizen A pays 10% on $50,000 and Citizen B pays 10% on $36,000.

3. Regressive taxation: it involves charging individuals with low incomes a higher percentage of their total income and vice-versa.

For instance, Citizen A pays 15% on $50,000 and Citizen B pays 20% on $36,000.

The marginal tax rate for a lump-sum tax is zero because an additional amount of money would not change it.

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the final report should include an assessment of the effectiveness of the project team, not only in terms of actual performance
Dima020 [189]

The final report should include an assessment of the effectiveness of the project team, not only in terms of actual performance on the project, but also with regard to team building and staffing policies.

The continual process of discovering, choosing, assessing, and establishing a working rapport with present or potential employees is referred to as staffing. Finding qualified applicants to fill the various positions inside the firm is the major purpose of staffing.

Staffing is the process of finding, vetting, and hiring new employees inside a company or organization to fill unfilled positions. A staffing department may also be responsible for handling other aspects of employment, such as orientation, training, retention, and termination.

To know more about Staffing Policy here

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6 0
1 year ago
The Collins Company uses predetermined overhead rates to apply manufacturing overhead to jobs. The predetermined overhead rate i
maxonik [38]

Answer:

Predetermined overhead rate for department A = 1.4

Predetermined overhead rate for department B = $4

Explanation:

The computation of predetermined overhead rates would be used in Dept A and Dept B, is shown below:-

The predetermined overhead rate for department A =  Manufacturing overhead ÷ Machine hours

= $91,000 ÷ $65,000

= 1.4

The predetermined overhead rate for department B =  Manufacturing overhead ÷ Machine hours

= $48,000 ÷ 12,000  hours

= $4

So, we have applied the above formula.

5 0
3 years ago
When units produced exceed units sold, net income will generally be ______ costing. Multiple choice question. the same under bot
Vika [28.1K]

Answer:

higher under absorption costing than under variable costing.

Explanation:

Costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.

Manufacturing costs can be defined as the overall costs associated with the acquisition of resources such as materials and the cost of converting these raw materials into finished goods. Manufacturing costs include direct labor costs, direct materials cost and manufacturing overhead costs.

In Business management, when the total units of goods produced by a business firm (manufacturer) exceed the total units of goods sold, net income will generally be higher under absorption costing than under variable costing.

7 0
3 years ago
The advantage to departmentalizing by the function performed is Group of answer choices A. increased accountability for product
OLEGan [10]

Answer: Option B      

 

Explanation: In simple words, functional departmentalization refers to the process in which an organisation makes different departments within, for performing different tasks.

For example - all the activities related to procurement of money will be performed by finance department.

The main advantage of doing so is that each department will perform only specific assigned activities and all the employees working in the departments will be those who are experts in the field.

8 0
3 years ago
The following information pertains to Eagle Co.'s Year 5 sales: Cash Sales Gross $ 80,000 Returns and allowances 4,000 Credit sa
Debora [2.8K]

Answer:

The amount of net revenue  Eagle should report for Year 5 is $ 80,000.

Explanation:

Under Cash basis of accounting revenue and expenses are recorded when payment against them is made or received. Expenses and revenues incurred are not relevant.

The amount of net revenue will comprises of revenue received in cash during the reporting period. Detail Calculations are given below.

Cash Sales                      $ 80,000

Returns and allowances ($  4,000)

Discounts                         ($  6,000)

Opening Receivable        $ 40,000

Closing Receivable          ($ 30,000)

Net revenue                     $ 80,000                

3 0
3 years ago
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