When marginal profit turns negative, producing more output will decrease total profits. Total profit is maximized where marginal revenue equals marginal cost. In this example, maximum profit occurs at 4 units of output.
Rules for Admission to the Bar
The Rules for Admission to the Bar have been updated as of July 1, 2017. A complete listing of rules can be downloaded in PDF format. Or, browse Rules by section using the links below.
1. Purpose
2. Definitions and Due Date Provisions
3. State Board of Law Examiners
4. General Requirements for Admission
5. Standards for Admission
6. Admission by Examination
7. Admission Without Examination
8. Admission by Temporary License for Legal Services Programs
9. Admission by Temporary House Counsel License
10. Admission by House Counsel License
11. License for Foreign Legal Consultants
12. Fees
13. Immunity
14. Confidentiality and Release of Information
15. Adverse Determinations and Hearings
16. Conditional Admission
17. Appeal to the Supreme Court
18. Reapplication
19. Bar Admissions Advisory Council
Answer:
b. 23.8%
Explanation:
For computing the percentage difference, we have to compute the Pre-tax income of both corporations and the partnership
For corporations:
Pre-tax income = (1 - corporate tax rate) × (1 - personal tax rate)
= (1 - 0.34) × (1 - 0.30)
= 0.66 × 0.70
= 0.462 or 46.2%
For partnership:
Pre-tax income = (1 - personal tax rate)
= (1 - 0.30)
= 0.70 or 70%
So, the difference would be
= 70% - 46.2%
= 23.8%
The position held by Timothy within
his company is FINANCE MANAGER because in summary, his duty was to produce
financial reports (he had to create a cost-profit analysis report of all the
current product lines of the company), direct investment activities (he was
tasked with creating the budget for the next fiscal year), and develop
strategies and plans for the long-term financial goals of their organization (He
also had to identify avenues for possible cost reduction in the budget).
Answer:
The Earned Income credit
Explanation:
Many economists choose the earned income credit (EIC) over the increase in minimum wage because it avoids deadweight losses. Deadweight losses results when supply are demand are not in equilibrium (Market Inefficiency). Increases in minimum wages invariably leads to increase in prices of market goods which are overpriced. This leads to market Inefficiency.
So in trying to help low income earners, many economists choose the EIC over just increasing minimum wage.
The earned Income Credit helps certain tax payers with low incomes from work in a particular tax year. It reduces the amount of tax owed and may result in a refund to the tax payers if the amount of credit is greater than the amount of tax owed.
