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2 years ago

True or false: All other things being equal, taxpayers should prefer to recognize income during high-tax-rate years.

1 answer:

5 0

The statement that All things being equal, taxpayers, should prefer to recognize deductions during high tax-rate years is True.

<h3>Who are taxpayers?</h3>

The taxpayers are individuals or organization that is been given responsibility by the government to pay their tax.

However, taxpayers, should prefer to recognize deductions in the period of income during low-tax rate years.

Learn more about tax at:

brainly.com/question/13757943

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Group price discrimination has ________ consumer surplus than under ________.

makvit [3.9K]

Answer:

The correct answer is letter "B": less; perfect competition.

Explanation:

Typically, <em>more output is produced in perfect competition markets than in markets ruled by price discrimination</em>. Consumer surplus is greater at the same time. Group price discrimination transfers the company some of the competitive consumer surpluses as an additional profit and causes the loss of deadweight due to reduced production.

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3 years ago

in preparing a statement of cash flows under the indirect method, an increase in accounts payable would be reported or included

Nana76 [90]

Answer:

In preparing a statement of cash flows under the indirect method, an increase in accounts payable would be reported or included as a(n):

source of cash.

Explanation:

Accounts payable are liabilities owed to suppliers for goods or services. They are listed on the balance sheet under current liabilities and on the cash flow statement under operating activities. When preparing the statement of cash flows, an increase in accounts payable is regarded as a source of cash while a decrease is regarded as a use of cash.

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3 years ago

For each of the following, state whether the events created are mutually exclusive and whether they are collectively exhaustive.

8_murik_8 [283]

Answer:

Explanation:

- mutually exclusive (ME): If one event occur the other doesn't

- collectively exhaustive (CE): one of the events must occur

a. Undergraduate business students were asked whether they were sophomores or juniors: ME

b. Each respondent was classified by the type of car he or she drives: sedan, SUV, American, European, Asian, or none. ME - CE

c. people were asked, "Do you currently live in (i) an apartment or (ii) a house?": ME

d. A product was classified as defective or not defective: ME - CE

7 0

3 years ago

In 2021, Carson is claimed as a dependent on his parents' tax return. His parents report taxable income of $200,000 (married fil

serg [7]

Carson's tax liability for 2021 as a 23-year full-time student, who earns from the summer internship and part-time job and receives a qualified dividend is $645.

<h3>What is tax liability?</h3>

Tax liability refers to the amount that a taxpayer is obliged to pay.

The tax liability is a function of the taxpayer's taxable income, tax bracket, deductions, and applicable tax rate.

In this case, we have assumed a flat tax rate of 10% for both Carlson's earned income and the dividend income.

<h3>Data and Calculations:</h3>

Earned income = $14,000

Qualified Dividend income = $5,000

Adjusted taxable income = $6,450 ($19,000 - $12,550)

Tax liability = $645 ($6,450 x 10%)

Thus, Carson's tax liability for 2021 is $645.

Learn more about tax liabilities at brainly.com/question/7409145

4 0

2 years ago

Manson Industries incurs unit costs of $8 ($5 variable and $3 fixed) in making an assembly part for its finished product. A supp

bekas [8.4K]

Answer:

Manson will incur a loss of $10,300 by buying the part.

Explanation:

Purchases = 10,300 * $6 = $61,800

Variable cost = 10,300 * $5 = $51,500

Fixed cost = 10,300 * $3 = $30,900

Analysis:

<u>Details Make ($) Buy ($) Net ($) </u>

Purchase 0 61,800 61,800

Variable 51,500 0 51,500

Fixed 30,900 30,900 <u> 0 </u>

Loss <u> 10,300 </u>

Therefore, Manson will incur a loss of $10,300 by buying the part.

6 0

3 years ago