Yes , it is true . when it is in a progressive tax system
I think the the income received from selling her books is an example of earned income. It<span> is any income that is generated by working. Your salary or money made from hourly employment (regardless of whether that salary or hourly income came from working for someone else or from your own “consulting”) is considered earned income.</span>
The action of the bank will put decreased pressure on the money supply, and to reduce the impact of this action, the Fed could decrease the discount rate.
Basically, a decrease in discount rate will make it easy and cheaper for commercial banks to borrow money from Federal Reserve System and thus, results to increase in available credit and lending in the economy
Therefore, if the commercial banks decide to increase their holdings of excess reserves supposed to be remitted to Feds, then, this will put <u>decreased</u> pressure on the money supply, and the Fed would act by <u>decreasing</u> the discount rate.
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<em>brainly.com/question/20023706</em>
Answer:
maintaining functions such as employee compensation, recruitment, and personnel policies
Explanation:
A $200 petty cash fund has cash of $20 and receipts of $177. The journal entry to replenish the account would include a credit to:
d. Cash for $180
Explanation: As observed above the petty cash receipts are falling short of $3, But that will be adjusted with expenses as its a small amount and balance of $200 needs to be maintained in the petty cash.
