Underground economy refers to the illegal trade of goods and
services because it does not comply with the government’s policy of reporting
necessary requirements. An example of this is smuggling of goods and
prostitution. If there is an increase in the income tax rates, the underground
economy will continue to grow and tax evasion may be rampant. It is because
some people would avoid in their duty of paying right amount of taxes and
prefer to earn more money.
Answer:
Maslow’s Hierachry of needs
Explanation:
The list address is an email address used to send messages for distribution to list subscribers.
Answer: $247000
Explanation:
The following can be deduced from the question:
Revenue 84,000
Less: Operating Expenses 46,000
Profit Before Tax 38,000
Less Taxes 13,300
Net Income 24700
Therefore, the net income that was reported on Sparty's income statement will be $24700.
Answer:
b. Purchasing power parity
Explanation:
The purchasing power parity theory is based on a world price for equivalent goods. This means that a good in the United States will cost the same as a good in Canada. Since the price of the good is $US 100 in the United States, then the same good should cost the equivalent of in Canadian dollars.
