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3 years ago

Explain the difference between the common misconception people have about tax brackets and how they actually work

Business

1 answer:

svetoff [14.1K]3 years ago

5 0

Answer:

Tax brackets misconception is that it defines how much tax will be paid by an individual but this is not true. It only determines the rate of tax which will be applied to the individual for his income.

Explanation:

The tax bracket is determined for an individual based on his salary. After the computation of taxable income tax brackets are selected and rate is applied which ever tax bracket falls correctly. The tax rate applied to the taxable incomes gives the tax amount which is to be paid by an individual.

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A _______ is a share of ownership in a company.

Dvinal [7]

Answer:

Partnership

Explanation:

When you share ownership of a company, you are partnering with someone.

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3 years ago

Read 2 more answers

Where could student researchers and/or student subjects find additional resources regarding the IRB approval process? (There may

Softa [21]

Answer:

Answers are: Option b, i.e. Faculty Advisor/ Research mentor

Option d, i.e. IRB Office

Explanation:

IRB, also known as Institutional Review Board, is an ethical review board or committee whose main purpose is to protects the rights of various human subjects who are someway or the other are involved in the research activity. Various additional resources related to IRB approval process can be found with the Faculty Advisor/ Research mentor and also at IRB Office.

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4 years ago

A Japanese insurance company purchases U.S. government securities. From the perspective of the United States, the balance of tra

Helga [31]

Answer:

a. not change; improve

Explanation:

Balance of trade is the difference in value over a period of time between a country’s imports and exports of goods and services, usually expressed in the unit of currency of a particular country (e.g., dollars for the United States, yen for the Japan).

Balance of payments record the receipts and payments of the residents of the country in their transactions with residents of other countries.

A Japanese insurance company purchases U.S. government securities. From the perspective of the United States, the balance of trade with Japan will not change and the balance of payments with Japan will improve.

7 0

3 years ago

question content area sarbanes-oxley applies to a.publicly held companies b.not-for-profit organizations c.privately held busine

IgorLugansk [536]

Sarbanes- oxley applies to publicly held companies.

What is covered under the Sarbanes-Oxley Act?

All publicly traded American businesses are covered by the Sarbanes-Oxley Act. any and all wholly-owned subsidiaries operating in the United States.
every foreign company with a public listing that conducts business here.

What are the Sarbanes-Oxley Act's fundamental rules?

Each corporation is required by Rule 404 to implement efficient financial controls.
Financial statements for each company must be personally certified by the CEO and CFO.
If they violate the law, these officers could face criminal charges.

Learn more about Sarbanes-Oxley Act

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1 year ago

Evan Engineering Group receives royalties on a technical manual written by two of its engineers and sold to a publishing company

natta225 [31]

Answer:

$8,565

Explanation:

Sales revenue of the year 2015 = $30,010

Accrued royalty revenue on December 31, 2015 = 30,010 x 10%

= $3,001

Evan received royalties of $2,613 on April 1, 2016.

Hence, royalty receivable for the year ended December 31, 2015 = 3,001- 2,613

= $388

On October 1, 2016, Evan received royalties of $4,631.

Thus, royalty received for the first half of the year 2016 = 4,631 - 388

= $4,243

The 2nd half of 2016 sales were estimated to be $43,220

Hence, royalty for the second half of the year 2016 = 43,220 x 10%

= $4,322

Evan's 2016 royalty revenue = Royalty revenue for the first half + Royalty revenue for the second half

= 4,243 + 4,322

= $8,565

5 0

3 years ago