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Hoochie [10]
3 years ago
9

Amari has two jobs, one for the winter and one for the summer. In the winter, he works as a lift attendant at a ski resort where

he earns $18 per hour. During the summer, he drives a tour bus around the ski resort, earning $13 per hour.
Refer to Scenario 18-3. If Amari takes more hours of leisure in the winter than in the summer, we can assume that his labor supply curve for the range of earnings in this example:
a. is vertical.
b. has a backward-bending portion.
c. is horizontal
d. is upward sloping.
Business
1 answer:
Nina [5.8K]3 years ago
6 0

Answer: b. has a backward-bending portion.

Explanation:

A backward-bending supply curve shows what happens when people substitute higher wages for more leisure time like Amari is doing in this scenario.

At a higher wage, people will be able to work for shorter hours as such a job will still give them the same amount of money as working longer in lower paying jobs.

After they get a certain level of payment from the higher paying job, they will then substitute the remaining hours for leisure. This creates a backward-bending curve because labor hours are reducing past a certain level of wages.

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In a certain jurisdiction caroline, who is earning $42,200, currently pays a flat percentage of 25% income tax. The tax authorit
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The amount of tax paid less by Caroline as per the new taxation policies will be $950 over her annual salary of $42,200 after the taxes are applied assuming deductions being made.

The calculation of tax saved by Caroline will be done on the basis of comparing the taxation rates of both the policies after taking the changes into account.

<h3>Calculation of tax savings</h3>

The formula for calculation of tax will be done as follows when the taxes are charged on flat basis under the old policy,

\rm Income\ Tax= Salary\ x\ Rate\ of\ Taxation\\\\\rm Income\ Tax= 42200\ x\ {\dfrac{25}{100}\\\\\\\\\\\\\\rm Income\ Tax= \$10550

The taxation for the first $20000 as per the new policy will be

\rm Income\ Tax\ Threshold= 20000\ x\ \dfrac{15}{100}\\\\\rm Income\ Tax= \$3000

Calculating further taxation,

\rm Income\ Tax= 22200\ x\ \dfrac{30}{100}\\\\\rm Income\ Tax= \$6600

So, total taxation as per the new policy will be $9600. Now comparing the taxation of old scheme with new scheme, we get,

\rm Income\ Tax\ Savings= Old\ Taxation - New\ Taxation\\\\\rm Income\ Tax\ Savings=10550-9600\\\\\rm Income\ Tax\ Savings=950

So, the total taxes saved are $950 when the taxation rate changes.

Hence, the correct statement is that tax savings of $950 is possible when the authorities change the taxation rates to such slab rates by Caroline.

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6 0
2 years ago
The most important benefit of celebrating partnership success by ""telling your story"" is that it: A. Establishes connections b
stira [4]

Answer:

the most suitable answer is A. Establishes connections between critical infrastructure owners and operators and government organizations at all levels.

Explanation:

Telling your success story boosts your company name and achievements which will attract the public interest and investor attention. If you have a success story, you must share it with the world using various channels such as social media, you-tube, your website, newspaper and if possible, electronic media such as TV and radio. This way, your company will be more visible to potential investors.  

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3 years ago
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Answer:

You pay your neighbor $400 to cut the tree down.

Explanation:

You pay your neighbor $400 to cut the tree down.

The amount paid to the neighbor is to be more than the value of the tree as your neighbour values and this will satisfy as per the Coase Theorem which states that amount paid for the damage caused due to negative externality should be more than the value that the person attaches to production of externality.Also, it is to be lower than the cost which the person has to bear because of mango production and thus as a result both gain $100 in the process.

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during the month, the company's office manager used a company-issued credit card to purchase stamps. at the end of the month, th
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Answer: true

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What does it mean to capitalize interest
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Capitalized interest refers to interest that is added to some kind of debt and that is included in current balance accounts, as opposed to waiting to figure in the cost of interest.
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