<span>The phrase used in the article, a more equitable distribution of income, is meant to convey the idea that income should be more fairly distributed through everyone in all classes in the country. The basic idea is there should not be such huge gaps between the top and bottom income tiers.</span>
Answer and Explanation:
The Journal entry is shown below:-
1. Sales revenue Dr, $226,700
To Income revenue $226,700
(Being close accounts with credit income balances is recorded)
2. Income revenue Dr, $134,010
To Sales discount $4,410
To Cost of goods sold $129,600
(Being close accounts with debit expenses account is recorded)
Answer:
C. high capital intensity and high resource flexibility
Explanation:
Economies of scope describe situations in which the long-run average and marginal cost of a company, organization, or economy decreases, due to the production of some complementary goods and services. An economy of scope means that the production of one good reduces the cost of producing another related good.
Gross pay is the amount of income before taxes and deductions. The amount by which the gross pay is reduced is $174.66.
<h3>What is gross pay?</h3>
The gross pay is the amount of salary or wages that is before the taxes or other deductions. The expense of tax and deductions are subtracted from the gross pay to calculate the net pay.
The gross pay of Marquis in the given question is $816. His gross pay will be reduced by the taxes to calculate the net pay.
The amount of reduction will be the sum of all the taxes levied such as federal tax, social security tax, and so on.
Therefore the amount by which the gross pay will be reduced is:

The state tax is calculated as a percentage of federal tax. The state tax is:

Therefore the total amount of reduction is:

Hence, the correct option is d.
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