If the goal of a government policy change is to increase the incentive for taxpayers to work and/or invest, <u>a decrease in </u><u>marginal tax rates</u> policy is most likely to be successful.
<h3>What is Marginal Tax Rate?</h3>
The marginal tax rate is the amount of additional tax that must be paid for each additional dollar of income received. The average tax rate is calculated as total taxes paid divided by total income earned.
An individual with a taxable income of $24,750, for example, will pay taxes at a rate of 10% on the first $19,900 of income and 12% on the remaining $5,000 since portion of the individual's income is subject to the higher tax rate of 12%.
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Answer:
c. scarce for households and scarce for economies.
Explanation:
One of the most popular definitions of economic sciences is that this field studies the allocation of scarce resources. This reference to scarcity is a general consensus that exists within economic scientifics and makes no exceptions: the economy is a virtual entity consititued by households, individuals, firms, government and environment. Is not logical to assume scarcity in the economy and plentiful in the households and viceversa.
The inductive method is also sometimes called a scientific method. The method starts off by stating many observations of nature then arriving to the conclusion. The goal is to find a few and powerful ending statement based on the previously stated individual reasons.
Answer:
Revenues
Explanation:
Revenues represent an inflow into the company which contribute towards retained earnings and thus Equity. Expenses reduce retained earnings as do dividends.
Borrowing will increase the amount of money in the cash account which can then be used to buy more assets. It does not increase equity, but simply increases the company's liabilities.
Therefore the correct answer is revenues.
Answer:
19 units per order
Explanation:
the formula to calculate economic order quantity (EOQ) is:
EOQ = √(2SD/H)
- S = cost per order
- D = annual demand
- H = holding cost per unit
EOQ = √[(2 x 850 x 14) / 65] = 19.14 units
in this case to obtain the lowest possible cost you must round down your answer to 18 units per order.
The EOQ can help you determine the minimum amount of units that you should order of a product in order to reduce inventory costs.