1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ser-zykov [4K]
3 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]3 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.

You might be interested in
Why would a party with numerous issues agree to focus on the single issue of inflation?
Bond [772]
I believe that the answer to the question provided above is that by agreeing on single issue of inflation is due to the need to have one . For the sense of having singularity for the group.
Hope my answer would be a great help for you.    If you have more questions feel free to ask here at Brainly.
5 0
3 years ago
Economan has been infected by the free enterprise bug. He sets up a firm on extraterrestrial affairs. The rent of the building i
monitta

Answer:

There are two types of profit and costs in nay business, which are accounting costs/profit and the economic costs/profits.

Accounting costs include everything that is tangible or the monetary costs a firm pays, while the economic costs include the cost which is intangible(Opportunity costs) as well as tangible.

Here in this question, the profit of the firm therefore is,

a. From an accountant;s definition = 130000-(6000+42000+7000) = 75000.

b. From an economist's definition = 130000-(6000+42000+7000+65000+6000) = 4000.

Hope this helps you. Thankyou.

7 0
2 years ago
Read 2 more answers
abc and xyz agree to maximize joint profits. However, while ABC produces the agreed upon amount, XYZ breaks the agreement and ea
Marat540 [252]

Answer:

The answer is "$ 140".

Explanation:

The company produces the quantity MR = MC and if there is no quantity MR = MC, the amount throughout the case MR is just greater and closest to MC to maximize profit.

Here MR = marginal income and marginal cost =MC

MR =\frac{Overall \ sales \ change}{Quantity\ shift}

In the above table, we could see that the amount MR = MC = 8 isn't available. Thus it produces the amount where the MR

is only larger but nearest to MC.

25 unit MR =\frac{TR \ change}{Quality \ change}

= [TR (when \ Q = 25) -TR \frac{(when \ Q = 20)]}{(25 - 20)}

= \frac{(450 - 400)}{5}= 10

(Minimum and superior to MC)

MR of 30 units=\frac{(480 – 450)}{(30–25)}=6, similarly MR of 30 units.

Consequently, 25 units were produced and 12.5 units were produced.

Currently, XYZ breaks the agreement and produces three more so thus maximum quantity produced on a market = 25 + 5 = 30 and through the above table they see which if quantity = 30, price = 16.

XYZ produces 12.5 + 5 = 17.5 output from 30 units.

Cost Total = TVC + TFC

Total TVC = Total Cost for Variable TFC = Maximum Cost of TFC = 0.

If MC is stable, TVC = MC \times Q = 8 \times q, where Q = exposed to the real produced and XYZ produces 17.5 in this case.

Total expenditure (TC+) is TVC = TFC = 8 \times 17.5.

Take control = TR - TC = TC = 16 \times 17.5 - 8 \times 17.5 = 150.

So the business XYZ is profiting = 140

7 0
3 years ago
When a firm is operating at an efficient scale,
Alexeev081 [22]
I think it is C average total cost is minimized 
7 0
3 years ago
Identifying Accounts to be Closed From the list that follows, identify the accounts that should be closed to the owner’s capital
kari74 [83]

Answer:

See explanation section

Explanation:

When we need to close accounts, we close the income and expenses accounts. The reason to close those accounts is that those are temporary accounts. Drawings and dividends are also temporary as those accounts have to be settled through capital and retained earnings balance. Therefore,

We will close the entries to income summary are -

D. Depreciation Expense

E. Fees Earned

J. Supplies Expense

L. Wages expense.

The entry to close against a capital account is Drawings. Therefore, Jackie Lindsay, Drawing should be closed.

4 0
3 years ago
Other questions:
  • Match the legislation with the correct description.
    15·1 answer
  • The cost principle is the basis for entering the purchase price into the accounting records.a. Trueb. False
    10·1 answer
  • Which of the following actions by a corporation would enjoy full First Amendment protection (i.e., could not be regulated)? a. a
    13·1 answer
  • Organic Laboratories allocates research and development costs to its three research facilities based on each facility's total an
    12·1 answer
  • The entry of women into the workforce since the 1960s resulted in: A.A shift outward in the production possibilities curve of th
    7·1 answer
  • During the current year, Morgan, Inc., had net income of $657,000. Morgan also recorded $203,000 in deprecation expense and had
    8·1 answer
  • The FASAB’s Statement of Accounting and Reporting Concepts Statement No. 1 identifies four objectives of federal financial repor
    7·1 answer
  • Dividends Per Share Windborn Company has 25,000 shares of cumulative preferred 3% stock, $50 par and 50,000 shares of $15 par co
    14·1 answer
  • A student wants to have $30,000 at graduation 4 years from now to buy a new car. His grandfather gave him $10,000 as a high scho
    11·1 answer
  • Lincoln, Inc., which uses a volume-based cost system, produces cat condos that sell for $140 each. Direct materials cost $22 per
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!