Answer:
Taxes can be used to increase the price of producing or selling something which discourages firms from engaging in that activity.
If the government wants to encourage a particular activity, they could subsidize firms who engage in it.
For example there are extra taxes on cigarettes because the government sees them as harmful, these extra taxes increase the price of ciggarettes.
Answer:
lowering taxes raises disposable income allowing the consumer or adult to spend additional sums.
Answer:
textbook chapter headings
Answer: B) balances of the partners' capital accounts.
Explanation:
Final cash distributions should be made proportionally to partners based on what they have in their Capital Accounts.
The balance in the Capital accounts of Partners shows the level of contribution that each partner has made to the business as well as their ownership proportion. When cash is to be distributed finally, it should therefore be based on the proportion of these Capital account balances to reflect the contribution and ownership.
