Which of these is a nonstore retailer?

Song earns $100,000 taxable income as an interior designer and is taxed at an average rate of 20 percent (i.e., $20,000 of tax).

Brut [27]

a. If Song earns only $75,000 in taxable income, the government's tax revenues will be $18,750 ($75,000 x 25%) and <u>a. Government's tax revenues would decrease by $1,250.</u>

b. The term that describes this type of reaction to a tax rate increase is <u>d. Income effect.</u>

c. The taxpayers that will likely respond in this manner are <u>b. Taxpayers with more disposable income.</u>

<h3>Data and Calculations:</h3>

Song's taxable income per year = $100,000

Average tax rate = 20%

Tax liability per year = $20,000 ($100,000 x 20%)

<h3>New Tax Regime:</h3>

Tax rate = 25%

New taxable income of Song = $75,000

Tax liability = $18,750 ($75,000 x 25%)

Thus, if the tax rate is increased from 20% to 25% forcing Song to reduce his taxable income to $75,000, <u>a. Government's tax revenues would decrease by $1,250.</u>

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Learn more about taxable income at brainly.com/question/10137785

5 0

2 years ago

Pearl Corporation reported net income of $49,100 in 2020. Depreciation expense was $17,200. The following working capital accoun

aliya0001 [1]

Answer:

Net operating cash flow $68,300

Explanation:

Operating cash flow is the amount of cash generated by a company from its main and normal business activity. This cash flow is useful to gauge the financial viability of a firm's business activity; the larger the better.

It is essentially computed as the net movement of cash inflow and outflow in respect of a business activities.

It is computed as follows:

$

Net income 49,000

Add deprecation 17,200

Less increase in receivable (11.200)

add increase in payables <u>13,300</u>

Net operating cash flow <u> 68,300</u>

Note that only items that relate to trading which is the core business area of the Pearl Corporation are considered. Depreciation is added because it is a non-cash item initially deducted from net income.

An increase in receivable means a reduction in cash while an increase in payables implies cash savings

Net operating cash flow $68,300

3 0

3 years ago

Dexter decides to buy a new smartphone and offset the cost by selling his old phone to one of his friends. His friend has no mon

Nikitich [7]

Answer:

a

Explanation:

Opportunity costs refers to the options that are lost when making a choice between many options. According to my research on opportunity costs in different situations, I can say that based on the information provided within the question the opportunity cost of this exchange the total value of the television, headphones, and bicycle. This is because by choosing the printer he is ultimately losing out on the opportunity of choosing any of the other three items.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

4 0

3 years ago

The area of accountancy that is focused on arranging company financial information to give to managers to make decisions is

Alina [70]

Answer: Managerial Accounting or Management Accounting.

Managerial Accounting helps managers to use the data in the financial statements in order to take decisions. These decisions help them in managing the company's operations and aid in keeping control of matters under their purview.

Managerial Accounting includes any topics from cost accounting. It helps managers to make internal plans, execute them and also see if the plans have been accurate.

4 0

3 years ago

The Career Cycle gives "10 tips on content and structure" of your resume. As a student, you may not have specific technical skil

bagirrra123 [75]

<u>Answer:</u> Personal goals and team fit.

<u>Explanation:</u>

As a student I would not have any experience which I can talk about at the job interview. It is important that I show case my personal goals which are short term and long term career goals. I also need to show that I desire to join the team and have the ability to work as a good team member.

The common skills required to fit into a team such as management skills, leadership skills, communication skills, time management skills, organizing skills etc employers will not understand when I fail to take time to develop these skills.

7 0

3 years ago