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3 years ago

How does an increase in income increase tax revenue

Business

1 answer:

earnstyle [38]3 years ago

6 0

Answer:

An increase in income will increase tax revenue because the more taxes and tax write-offs will lead to more in tax returns.

Explanation:

The more income you make the more taxes you will pay, after write-offs you will end up earning more back in tax returns than you would if you made less

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The tax breaks, bailouts, direct payments, and grants that the government gives to corporations are referred to as

Wittaler [7]

Answer:

Corporate welfare

Explanation:

Corporate welfare is defined as the giving of financial grants, tax breaks, bailouts, etc by the government to large firms or organizations. This corporate welfare also shows how much less these organizations need such benevolent acts from the government compared to the poor and average members of the society. More often than not, the value of corporate welfare is not disclosed to the public thereby making it difficult to wrap one's head around how much corporate welfare the government is giving these corporations or organizations.

Cheers.

8 0

3 years ago

Price ceilings may be imposed if: A. suppliers can make strong moral or political arguments for higher prices. B. demanders can

Nat2105 [25]

Answer:

C. Demanders can make strong moral or political arguments for lower prices.

Explanation:

This explained as a legal price limit set by the government on the sellers in a way to be a protection means to the buyers. This will general control some serial hike and outrageous price on some goods and services.

Its effects are of different types; firstly, price ceiling can create huge market efficiencies in a long run and also causes hoarding of products and springing up of black markets and other hook and crook forms of marketing and this is known to cause unrest in the supply side. When these keeps pulling on, it has a negative effect on the economy of the said nation.

6 0

3 years ago

Current Position Analysis The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal y

weqwewe [10]

Answer:

a. net working capital (current year) = $1,170,000

net working capital (previous year) = $800,000

b. current ratio (current year) = 2.3

current ratio (previous year) = 2

c. quick ratio (current year) = 1.91

quick ratio (previous year) = 1.66

Explanation:

net working capital = current assets - current liabilities

current assets = $2,070,000, $1,600,000

current liabilities = $900,000, $800,000

net working capital (current year) = $2,070,000 - $900,000 = $1,170,000

net working capital (previous year) = $1,600,000 - $800,000 = $800,000

current ratio = current assets / current liabilities

current ratio (current year) = $2,070,000 / $900,000 = 2.3

current ratio (previous year) = $1,600,000 / $800,000 = 2

quick ratio = (current assets - inventory) / current liabilities

inventory = $351,900, $272,000

quick ratio (current year) = ($2,070,000 - $351,900) / $900,000 = 1.91

quick ratio (previous year) = ($1,600,000 - $272,000) / $800,000 = 1.66

8 0

3 years ago

Competition among economic units ______. Multiple select question. should not occur within a market system diffuses economic pow

rosijanka [135]

The Competition among economic units diffuses economic power within the businesses and households that make up the economy.

<h3>What is Economy?</h3>

Economy refers to the area or the region which produces the goods and services. It implies to the wealth and the resources of the nation. It involves the management of the finances. for example :- the stock market system of the United States.

The competition among the business leads to the innovation of the new products and the services which in turn is beneficial for the customers. It diffuses the economic power as the income earned gores in the market and the household.

Thus it helps in the economic growth of the nation. Therefore the correct option is diffuses economic power within the businesses and households that make up the economy.

Learn more about Economy here:

brainly.com/question/2421251

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5 0

2 years ago

It tastes better than candy!" is an advertising slogan for a new probiotic gummy. The manufacturer claims that their probiotics

larisa86 [58]

Answer:

The correct answer is D) product differentiation.

Explanation:

Product differentiation is a competitive strategy that aims to allow the consumer to perceive differently the product or service offered by a company, with respect to those of the competition.

Product differentiation can be based mainly on various attributes such as quality, color, size, after-sales service, specialized attention, location, brand recognition or luxury. But any attribute makes perceive a product or service differently is considered product differentiation.

It should be noted that the differentiation also has a subjective element since consumers can perceive that a certain brand is different from another based not on the comparison of objective characteristics but on the idea that they have made of the company and its image.

3 0

3 years ago

How does an increase in income increase tax revenue​

How does an increase in income increase tax revenue