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ahrayia [7]
3 years ago
5

Describe the first institution of the income tax in the United States, the reason behind it, and what happened to it.

Business
1 answer:
Vinil7 [7]3 years ago
4 0

Answer: The system of tax began in America in the year 1861, this was during the civil war, where the Congress passed an Act that included a tax on personal incomes inorder to meet up war expenses.

Explanation:

The system of tax began in America in the year 1861, this was during the civil war, where the Congress passed an Act that included a tax on personal incomes inorder to meet up war expenses. The tax system was cancelled after 10years of the practice but was later reinstated by the Congress in 1894 on federal level, but it was ruled out the following year by the Supreme Court because it was taxed directly and not according to the population of each state. In the year 1913 the federal government was allowed to tax everyone irrespective of the sizes of their state by the 16th amendment. This has been what's obtainable about the tax system till date.

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Identify two other types of business organisation jameel lost his job
postnew [5]

Answer:

When Jameel lost his job with a fruit and vegetable shop that closed downhe decided to open his own store. He had good contacts with suppliers.

They said they would give him one month’s credit before he paid for

supplies. Jameel had $5000 in savings to invest in the shop. He thought thiswould be sufficient to start the business. He is an independent man - he

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Explanation: hope this helps if not i am sorry

6 0
1 year ago
Suppose that in a week the price of Greek yogurt decreases from $1.75 to $1.25 per container. At the same time, the quantity of
kirill [66]

Answer:

1.11

Explanation:

New price = 1.75

Old price = 1.25

Price percentage= 1.75-1.25/1.25

= 0.5/1.25

= 0.4

New quantity = 18,000

Old quantity= 10,000

Quantity percentage, = 18000-10/000/18000

= 8000/18000

= 0.44

Price elasticity= 0.44/0.4

= 1.11

Hence price elasticity is 1.11

6 0
3 years ago
Can somone answer my previous question?
Lunna [17]
I may be able to help
7 0
3 years ago
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11. If you were a new investor who wanted to invest in stock, would you prefer to invest in registered public stock, or unregist
Alex_Xolod [135]

Answer:

i wouldnt be a investor

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