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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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The purchase of raw materials on account in a process costing system is recorded with a:A. Debit to Purchases and credit to Cash
Mashcka [7]

Answer: The purchase of raw materials on account in a process costing system is recorded with a "C. Debit to Raw Materials Inventory and a credit to Accounts Payable.".

Explanation: The purchase of raw materials must reflect an increase in the inventory of raw materials and an increase in the liability generated by the purchase on account.

6 0
3 years ago
Suppose First National Bank holds ​$100 million in assets with an average duration of 3 ​years, and it holds ​$90 million in lia
Nitella [24]

Answer:

% change decrease is = 1.2 %

Explanation:

given data

assets = $100 million

average duration = 3 ​years

liabilities = $90 million

average duration = 3 years

interest rates= 4% increase

to find out

percentage decrease in First National​ Bank's net worth relative to the total original asset value

solution

change in assets value is

change in assets value = $100 million  × 4%  × 3 year = $1200 million

change in liability value is

change in assets value = $90 million  × 4%  × 3 year = $1080 million

change in net worth = $1200 - $1080 = $120 million

so % change is = \frac{120}{100}

% change decrease is = 1.2 %

3 0
3 years ago
The key elements of a business plan can include _____.
sashaice [31]

Answer:

I have taken 2 business classes for 2 straight years and i passed them both with an A. I am not 100% sure if i am correct because i don't remember everything we learned but I do believe that organization management and marketing and sales strategy are the two best answers.

Explanation:

competition isn't something you would necessarily put in a business plan but the other two are.

6 0
3 years ago
In an enterprise-class database system, reports are created by ________.
Kisachek [45]
Reports are created by the data base application in an enterprise-class database system.
When there is a huge collection of data, large organizations and enterprises used this system to manage their data. The user, data base, data base management system, data base application, these all are the basic components of this system.
3 0
3 years ago
Several artists in Charleston, South Carolina, show and sell their work in an art gallery downtown. The gallery is owned by an a
Elena L [17]

Answer:

Wholesaler

Explanation:

The distribution channel is defined or referred to as the overall or whole flow of the information as well as the goods and services from the original manufacturer to the final consumers. And the wholesaler is the one which is known as the distributor, acquire the goods from the manufacturer holds them in the distribution centre and then sells it to the retailers.

So, in this case, in the terms of channel of marketing, the gallery will be referred to as the wholesaler.

4 0
2 years ago
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