Answer: Progressive tax policy
Explanation: In a progressive tax policy the rate of tax increases with the amount of taxable income, thus, making it possible to tax the people with higher income high tax and the lower section of the society a low level of tax.
The concept of progressive tax policy is based on the concept of ability to pay and not necessity to pay.
Thus, from the above we can conclude that right option is A.
Answer:
A
Explanation:
M2= 60+70+50+220+80= $480
hence option A is correct
MZM = $480-80+100= $500
Answer:
Beaver's total taxable income and federal income text paid as result of distribution is $500,000 and $105,000 respectively.
Explanation:
The computation of the taxable income and the federal income is shown below:
Taxable income = Taxable income + loss
= $500,000 + $0
= $500,000
Since the fair value is $20,000 is less than the mortgage on land i.e $25,000 so it would be a loss of $5,000 which would not be considered so we put the value zero.
And, the federal income equal to
= Taxable income × income tax rate
= $500,000 × 21%
= $105,000
Answer:
Inventory records
Explanation:
Key differences exist when an integrated Enterprise Resource Planning system (ERP) replaces an existing AIS or legacy system. For example, inventory records are more accurate and timely, enabling sales order entry staff to provide customers more accurate information about delivery dates.
Systems Enterprise Resource Planning (ERP) information systems that integrate applications to manage all departments and functions of as production, sales, purchasing, logistics, accounting, project management, and inventory control warehouses, orders, payroll, etc.
Legacy systems can be difficult to integrate in a newer system because of their unique structure.
Answer: 11.14%
Explanation:
Buying price of bond = $936.05 -PV
Years investment held = n= 5*2
Rate of the Coupon = C = 8.4%
Frequency of payment = m= 2
Annual coupon = $1,000 × (0.084/2) = $42
Realized yield = i
Selling price of bond = PB = $1,048.77 = FV
Enter N= 10, PMT = $42, PV= -$936.05$, FV = 1,048.77
Answer 5.425%
The effective annual yield can be computed as:
EAY = (1+ Quoted m)^m -1
= (1+0.054)^2 - 1
=(1.054)^2- 1
=0.1114= 11.14
