Answer:
B) stiff fines are not the only way to collect past due corporate taxes
Explanation:
Collecting taxes is not an easy or inexpensive job. The IRS spends billions of dollars in order to collect taxes and the same applies to state taxing entities (at a smaller proportion).
So if state tax official can find a way to collect past due taxes then it should always be a good idea. Everyone loves a discount and corporations probably love discounts more. If the reduction or elimination of fines will make corporations pay their state taxes, then it's a great idea.
It's always better to collect $100 in taxes than to have $200 in past due taxes that aren't collected.
1. Hardships for poor people and fixed income salaried households
<span>2. Business Profits tend to go up in times of inflation </span>
<span>3. Demand for pay hikes and wage increases</span>
Answer:
A. cv = $628998.51
B. cv = $638180.86
Explanation:
Fv = iv * (1 + r)^n
Where fv = final value
Iv = initial value. = 630,000
r = rate = 4.5%
n = time of maturity = 4/12 = 0.3333
So therefore:
Fv = 630000(1 +.045)^0.3333
Fv = $639310.75
a. If rate is reduced to 5%
Current market value = c.f.
Since rise or drop in rate would affect the new value of product if you are to sell
So:
639310.75 = cv( 1 + r )^0.3333
cv = 639310.75 / (1.05)^0.3333
cv = 628998.51
b. If rate reduces to 4.25%
Solving it the same way as (a)
639310.75 = cv* ( 1 + 0.0425 ) ^0.3333
cv = $638180.86
Answer: In general, a "big ticket item" such as a house or new car will <u><em>tend to have a more elastic demand than a lower-priced good. </em></u>
Explanation: In "big ticket item" when price changes the quantity demanded will also change in accordance with it, thereby stating that the the commodities have elastic demand whereas the scenario is different with low-priced good.
<u><em>Therefore, the correct option is (b)</em></u>
An increase in the velocity of the money refers to a situation when the rate of changing leads to hand rises and ultimately results in an increase in the price level, indicating an inflation.
<h3>What is velocity of money ?</h3>
Velocity of money refers to a method with the help of which the movement of the money in an economy can be measured. When the number of hands changing money increases, there is an economic growth.
So, option C; states that there is an increase in the velocity of money when the rate at which money changes hands rises, the price level also increases.
Learn more about velocity of money here:
brainly.com/question/13914618
#SPJ1
