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vlada-n [284]
3 years ago
15

Which two types of taxes provide the largest amount of revenue to states?

Business
2 answers:
PolarNik [594]3 years ago
6 0
Sales taxes and individual income taxes
shutvik [7]3 years ago
3 0
<h2>Economics, Unit 6, Lesson 10: Unit Assessment: Government and the Economy</h2>

1. D - Medicare provides health care for people over 65, and Medicaid offers benefits for low-income families and individuals.

2. C - mandatory spending programs

3. A - sales tax and individual income taxes

4. B - The federal Reserve coordinates all regulatory activities and examines banks periodically.

5. D - As interest rates rise, people generally keep their wealth in assets that pay returns, restricting the money supply.

6. A - a cash deposit into the banking system on the money supply.

7. C - It would force banks to recall a significant number of loans, which would hurt many borrowers.

8. D - benefits to older citizens, surviving family members of wage earners, and people with certain disabilities

9. C - So that the government can pay bills as they come due

10. D - An operating budget is for day-to-day expenses; a capital budget is for investment spending.

11. A - a social welfare program providing benefits to people who meet certain eligibility requirements

12. C - regressive tax.

13. A - The tax represents a larger proportion of Josh's income.

14. D - Your employer sends it to the federal government to help pay your income tax bill,

15. D - the convenience store on the corner

16. D - all of the above

17. B - by Congress and the White House.

18. A - there is a budget surplus.

19. A - loan money to the government.

20. B - most states require a balanced budget for state spending.

21. D - to lessen the effect of natural business cycles

22. D - to provide consumers with access to funds for business expansion

23. C - 12

24. D - The economy is expanding quickly and inflation is a concern.

25. A - As interest rates decrease, demand for money increases.

26. The money the government spends creates jobs which in turn could create a chain reaction in the economy.

27. A good tax should have simplicity, efficiency, certainty, and equity. By simplicity, we mean tax laws should be easily understood. By efficiency, we mean government administrators should be able to collect taxes without spending too much time or money. By certainty, we mean it should be clear to the taxpayer when a tax is due, how much money is due, and how the tax should be paid. By equity, we mean the tax system should be fair; no one should bear too much or too little of the tax burden.

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Stretch goals" can be described as
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You can describe stretch goals as goals placed above the ones you need or strive to achieve, as a secondary objective. Think of achieving a stretch goal as doing even better than expected.
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3 years ago
Tax questions; if my employer forgot to take taxes out of my salary, am i responsible?
Gre4nikov [31]
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8 0
3 years ago
Which of these is a characteristic of certificates of deposit (CDs)?
masha68 [24]

Answer:

They last for a certain period of time

Explanation:

Typically Certificates of Deposit are offered if the set amount is deposited and kept through the stated amount of time. (The length of the CD can be anywhere from 18 months to 3 years [most popular])  When the money is removed short of the stated time period a penalty is taken from the value of the CD.

5 0
3 years ago
Read 2 more answers
Happinessistheroad Corp. has the following information available regarding its labor: Managers expected to pay $11 per direct la
777dan777 [17]

Answer:

The actual labor rate per hour is $12

Explanation:

First and foremost, we need to understand that a direct labor spending variance of $990(unfavorable) means that the firm spent an additional $990 compared to what was expected.

Also, the spending variance is computed as the actual labor rate minus the standard labor rate multiplied by the actual labor hours worked

spending variance=(actual labor rate-standard labor rate)*actual labor hours

spending variance=$990

actual labor rate=unknown=(assume it is X)

standard labor rate=$11

actual labor hours worked=990

$990=(X-$11)*990

$990/990=X-$11

$1=X-$11

X=$1+$11

X=actual labor rate=$12

8 0
2 years ago
After learning about inflation and some of its history, what would be the inflation target that is most advisable for an economy
Talja [164]

Answer:

1-2%

Explanation:

In simple words, every nation in the world have some kind of central authority that works to control and keep the inflation as low as possible. However, too low inflation can also lead to recession which brings problems way worse than inflation.

Thus, keeping in mind about all the information we have studied, it is advisable to keep inflation at 1% or 2% band, so that economy can grow moderately along with no price pressure on consumers.

8 0
2 years ago
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