Homework Answers
Answer - True
Yes the given statement is true. Since the sellers at the local and state level save much of their income , thus the tax system there has been kept regressive. The federal government at the central basis takes taxes on progressive basis.
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9. Tax cuts authorized between 2000 and 2004 tended to favor the rich, but the federal...
8. The tax system Understanding taxes In general, is the U.S. federal tax system progressive or...
8. The tax system Understanding taxes In general, is the U.S. federal tax system progressive or regressive? O Regressive O Progressive You bought 1,000 shares of Tund Corp. stock for $68.12 per share and sold it for $90.03 per share after a few years How will your gain or loss be treated when you file your taxes? O As a capital gain taxed at the long-term tax rate O As a capital gain taxed at the current ordinary-income tax rate...
5. Federal Bonds offer more tax advantages than municipal bonds because interest income eamed on Federal...
5. Federal Bonds offer more tax advantages than municipal bonds because interest income eamed on Federal Bonds are exempt from state and local taxes a True b. False A Chattel Mortgage Bond is secured by personal property a True b. False
1:1-12 1:1-5 S t raising tax rates? Carmen has computed that her average tax rate is...
1:1-12 1:1-5 S t raising tax rates? Carmen has computed that her average tax rate is 16% and her marginal tax rate is 24% for the current year. She is considering whether to make a charitable contribution to her church before the end of the tax year. Which tax rate is of greater significance in measuring the tax effect for her de. cision? Explain. Why are the gift 8 E 1:1-6 structure? 1:1-15 The primary objective of the federal income...
(2.5 points) The following table indicates the Federal Personal Income Tax Rates in 1989. Income Marginal Tax Ra...
(2.5 points) The following table indicates the Federal Personal Income Tax Rates in 1989. Income Marginal Tax Rate Taxes Paid $0 0% $1 -- $29,750 15% $29,751 -- $71,900 28% $71,901--$149,250 33% Over $149,250 28% (.5 points) Would you characterize this tax schedule as proportional, progressive, or regressive? Explain why. (.5 points) Suppose a person earns $135,000 in 1989. Show in the table the taxes this person would pay in each income category. (.5 points) Calculate the tax rate that...
9. A__ is a tax on imports levied by the federal government. a. tariff b. sunk...
9. A__ is a tax on imports levied by the federal government. a. tariff b. sunk cost C. foreign trade zone d. tactical cost 10. The starting point for analyzing the factors that cause a difference between actual and budgeted profit is the a. sales price variance b. gross profit variance C. sales volume variance d. contribution margin variance TRUE FALSE 9. Since depreciation is allocated to future periods, it should be considered a relevant cost in a make-or-buy decision....
The Gini coefficient for the United States in 1980 was 0.403. In 2009, the coefficient was...
The Gini coefficient for the United States in 1980 was 0.403. In 2009, the coefficient was equal to 0.468. This means that Question 5 options: A) there was a decrease in the amount of government transfer payments from 1980 to 2009. B) cuts in federal income tax rates in the early 1980s and 2001 helped to reduce income inequality. C) per capita income in the U.S. rose from 1980 to 2009. D) income inequality increased from 1980 to 2009. Question...
True false 6. Increased student performance in education (K-12) is the direct result of the additional funds provided by the Federal government on an annual basis. 7. Under the social services safety...
True false
6. Increased student performance in education (K-12) is the direct result of the additional funds provided by the Federal government on an annual basis. 7. Under the social services safety net, Medicaid growth has been limited over the last 15 years despite an increase in recipients because of decreases in overall health care costs. 8. A major objective of the changes in funding that resulted in the Federal Temporary Aid for Needy Families program was to restrict states...
need help answering these homework questions please Many nations around the world have "privatized" their formerly...
need help answering these homework questions please
Many nations around the world have "privatized" their formerly government-run social security systems such as Canada, Chile, Denmark, Sweden, etc... and they now have plenty of cash reserves for the future. Conclusion: A typical university academic professor who is a devout Keynesian economist would also support the idea of privatizing a government run social security system. True or False True False During the Great Depression years, the politicians decided to raise the income...
QUESTION 1 Which of the following is an example of an automatic fiscal policy stabilizer? a....
QUESTION 1 Which of the following is an example of an automatic fiscal policy stabilizer? a. Tax revenues fall as real GDP decreases. b. Congress decides to cut spending on national defense. c. Congress cuts individual income tax rates. d. Tax revenues rise after Congress raises corporate tax rates. QUESTION 7 When a country's economy is producing at a level that is less than its potential GDP, the standardized employment deficit will show a ________ than the actual deficit. a....
Federal Income Taxes Individuals and firms pay out a significant portion of their income as taxes,...
Federal Income Taxes Individuals and firms pay out a significant portion of their income as taxes, so taxes are important in both personal and corporate decisions. Our tax system is progressive. Individual Individuals pay taxes on wages, on investment income, and on the profits of proprietorships and partnerships. Taxable income is defined as gross income less a set of exemptions and deductions. In 2013, the personal exemption is $3,900 per person. A capital gain (loss) is the profit (loss) from...
8. The tax system Understanding taxes In general, is the U.S. federal tax system progressive or regressive? O Regressive O Progressive You bought 1,000 shares of Tund Corp. stock for $68.12 per share and sold it for $90.03 per share after a few years How will your gain or loss be treated when you file your taxes? O As a capital gain taxed at the long-term tax rate O As a capital gain taxed at the current ordinary-income tax rate...
5. Federal Bonds offer more tax advantages than municipal bonds because interest income eamed on Federal Bonds are exempt from state and local taxes a True b. False A Chattel Mortgage Bond is secured by personal property a True b. False
1:1-12 1:1-5 S t raising tax rates? Carmen has computed that her average tax rate is 16% and her marginal tax rate is 24% for the current year. She is considering whether to make a charitable contribution to her church before the end of the tax year. Which tax rate is of greater significance in measuring the tax effect for her de. cision? Explain. Why are the gift 8 E 1:1-6 structure? 1:1-15 The primary objective of the federal income...
9. A__ is a tax on imports levied by the federal government. a. tariff b. sunk cost C. foreign trade zone d. tactical cost 10. The starting point for analyzing the factors that cause a difference between actual and budgeted profit is the a. sales price variance b. gross profit variance C. sales volume variance d. contribution margin variance TRUE FALSE 9. Since depreciation is allocated to future periods, it should be considered a relevant cost in a make-or-buy decision....
True false
6. Increased student performance in education (K-12) is the direct result of the additional funds provided by the Federal government on an annual basis. 7. Under the social services safety net, Medicaid growth has been limited over the last 15 years despite an increase in recipients because of decreases in overall health care costs. 8. A major objective of the changes in funding that resulted in the Federal Temporary Aid for Needy Families program was to restrict states...
need help answering these homework questions please
Many nations around the world have "privatized" their formerly government-run social security systems such as Canada, Chile, Denmark, Sweden, etc... and they now have plenty of cash reserves for the future. Conclusion: A typical university academic professor who is a devout Keynesian economist would also support the idea of privatizing a government run social security system. True or False True False During the Great Depression years, the politicians decided to raise the income...
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