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gavmur [86]
3 years ago
11

In three to four sentences, explain how taxes influence consumer decisions and buying power.

Business
2 answers:
Sloan [31]3 years ago
8 0

Factors such as price and production costs help determine the market supply curve.
Most states impose sales tax on some goods and services as a means of generating revenue. However, sales taxes also influence consumer behavior. These influences, along with the basic financial impact of sales tax, are evident on supply and demand curves when sales tax rates increase or a state imposes a new sales tax.
Alja [10]3 years ago
6 0

Answer:

Income taxes reduce the amount of money that an employed individual brings home. This causes individuals to have less disposable income to spend. Additionally, when taxes are applied to goods that consumers purchase, they are spending more for individual items. This means that many consumers must weigh their opportunity costs and decide between items to purchase

Explanation:

You might be interested in
A.
yanalaym [24]

Answer:

Y = 6.82X + 199.43

Predictions

Y(16) = 308.55

Y(17) = 315.37

Y(18) = 322.19

Y(19) = 329.01

Explanation:

From the data given:

The linear trend equation obtained by fitting the data using technology is :

Y = 6.82X + 199.43

Where, the slope = 6.82

Intercept = 199.43

Making predictions :

Period 16

x = 16

Y = 6.82(16) + 199.43 = 308.55

x = 17

Y = 6.82(17) + 199.43 = 315.37

x = 18

Y = 6.82(18) + 199.43 = 322.19

x = 19

Y = 6.82(19) + 199.43 = 329.01

5 0
3 years ago
16. Which of the following is among the factors that influence process selection? A. Capital requirements B. Labor C. Technology
Mkey [24]

Answer:

D. All of the above

Explanation:

6 0
3 years ago
The Kaizen approach to change: Select one: a. favors the use of a large number of small local projects b. has to be led by a tea
rosijanka [135]

Answer:

A)favors the use of a large number of small local projects

Explanation:

Kaizen approach can be regarded as an approach that enables continuous improvement as a result of the idea which focus that a small as well as a continuous positive changes can give rise to tangible improvements. This approach focus on commitment as well as cooperation. It should be noted that The Kaizen approach to change favors the use of a large number of small local projects.

4 0
3 years ago
Jamie is single. In 2020, she reported $108,000 of taxable income, including a long-term capital gain of $5,800. What is her gro
Harlamova29_29 [7]

Answer:

$19,478

Explanation:

<u>Computation of tax liability</u>

i. Total income excluding LTC gain = 108,000 - 5,800 = 102,200

ii. Tax on 102,200 as per single tax schedule = 14605.5+((102200-85525)*24%) = 18607.50

iii. Tax on LTC gain at 15% = 5800 * 15% = 870

So, Gross Tax liability = $18607.50 + $870 = $19477.50 = $19,478

Note: As per Long term capital gain schedule

4 0
3 years ago
samantha died on january 18, 2020. her husband dave lived by himself until he remarried in 2021. what was dave's filing status i
Murrr4er [49]

The husband filing status will be registering jointly as a single person in 2020; married in 2021.

<h3>What is the filing status?</h3>
  • According to federal income tax legislation in the United States, a person's filing status affects which tax return form they will submit and plays a significant role in determining their taxable income.
  • Marital status and family circumstances determine filing status.
  • Whether you are married or single will typically define your filing status, and typically your marital status on the last day of the tax year determines your status for the whole year.
  • However, you are regarded as married for that year if your spouse dies away during that time.
  • The three most popular filing statuses on a federal tax return—"single," "married filing jointly," and "head of household"—are among the five available.
  • The most frequently falsely reported status is that of the head of the household.

In the given situation, Samantha's husband's filing status will be:

  • Registering jointly as a single person in 2020; married in 2021.

Therefore, the husband filing status will be registering jointly as a single person in 2020; married in 2021.

Know more about the filing status here:

brainly.com/question/21747089

#SPJ4

3 0
1 year ago
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