Answer:
b. 23.8%
Explanation:
For computing the percentage difference, we have to compute the Pre-tax income of both corporations and the partnership
For corporations:
Pre-tax income = (1 - corporate tax rate) × (1 - personal tax rate)
= (1 - 0.34) × (1 - 0.30)
= 0.66 × 0.70
= 0.462 or 46.2%
For partnership:
Pre-tax income = (1 - personal tax rate)
= (1 - 0.30)
= 0.70 or 70%
So, the difference would be
= 70% - 46.2%
= 23.8%
Answer:
your awnser is false if im wrong messages me:)
Here are some of the reasons why the Mongols were so successful as conquerors:
1 they had Genghis Khan - he was a military genius who managed to train his army well and lead them into many battles
2 they were numerous - there were over 10,000 people in the Mongolian army
3 their military strategists were quite crafty - they relied on setting traps and tricking their enemies
4 they used cruelty and fear - everyone was afraid of the Mongols and what they would do to them if they caught them
Answer:
Experts are tested by Chegg as specialists in their subject area. We review their content and use your feedback to keep the quality high. Transcribed image text: If the required reserve ratio is 10 percent, the banking system currently has excess reserves equal to: $10 billion.
Explanation:
