BUSINESS HIGH SCHOOL

Home / study / business / economics / questions and answers / 1.if individual income tax accounts for more total ...Question
Edit question
1.If individual income tax accounts for more total revenue than the payroll tax in the U.S., why would over half the households in the country pay more in payroll taxes than in income taxes?
2.If the state of Washington's government collects $75 billion in tax revenues in 2013 and total spending in the same year is $74.8 billion, the result will be a:

Answers

Answer 1
Answer: 1) this is because the households that make 40 000 dollars a year or less, while not paying income taxes at all, pay payroll taxes.

2)What we see here is that the government collects more than it spent (0.2 billion) - we call this situation a budget surplus.

Related Questions

: An item has a price tag of $35 and another tag that says, "20% Off." What is the sale price?
Determine whether the results appear to have statistical​ significance, and also determine whether the results appear to have practical significance. in a study of a gender selection method used to increase the likelihood of a baby being born a​ girl, 2097 users of the method gave birth to 1031 boys and 1066 girls. there is about a 23​% chance of getting that many girls if the method had no effect.
Paul Company purchased a dump truck for $27,000. In addition, Paul Company paid freight charges of $500, and $700 to paint the company's logo on the truck. The estimated salvage value and useful life are $1,200 and 5 years, respectively. How much is the accumulated depreciation under the straight-line method after three years?
what countries represent the largest global business opportunities for the next decade? what factors determine the size of the opportunity?
The Commerce Ministry of a country conducts regular surveys on goods and services sold within the country. Researchers at the Ministry study consumer behavior through the choices the consumers make while deciding what to buy. Their report on the industry for beverages last year indicated that the price elasticity of demand for fruit juices in the country was​ -0.8, while the price elasticity of demand for a particular brand called Fruit Drops was​-1.2. According to the​ report, an average consumer spends about 1 percent of his monthly income on fruit juices. A student of​economics, Julio, however feels that the current price elasticity of demand for Fruit Drops is actually higher than​ -1.2, based on his own experience in purchasing fruit juices.   Which of the​following, if​ true, would support​ Julio's view that the price elasticity of demand for Fruit Drops is​ higher?A. The average income level of consumers has increased this year as compared to last year.B. The company that manufactures Fruit Drops also produces a variety of other goods.C. Three new brands have been introduced in the market for fruit juices in the last month.D. The management of one of the leading competitors of Fruit Drops was recently accused of manipulating profit figures.E. Fruit Drops is a very popular brand of fruit juice in this country.

Before starting a business, many people find it useful to describe the way the company will operate in which of the following?A. Shares of stock
B. Its advertisements
C. Partnership contracts
D. A business plan

Answers

D. A business plan. Having a business plan is very important because that's where you talk about all the actions you are going to take in order to create your company or business. It's where you describe your goals, your marketing strategy, and everything related to the functioning of your business.
the answer is letter D.

FILL IN THE BLANK. Market ____ is the stage of the new product process that involves exposing actual products to prospective customers under realistic purchase conditions to see if they will buy

Answers

Market testing is the stage of the new product process that involves exposing actual products to prospective customers under realistic purchase conditions to see if they will buy.

Market Testing is the final step before introducing a product to the market and typically involves testing the product under real-life conditions and gathering feedback from prospective customers. Market testing typically involves trial runs of the product, allowing prospective customers to try out the product and provide feedback.

Market testing is important to ensure that the product is successful and appealing to the target market. This feedback can be used to make improvements to the product before its launch. Additionally, market testing helps to create buzz and excitement about the product before its launch, allowing the product to have a successful start.

For more such questions on Market testing.

brainly.com/question/30646066#

#SPJ11

Cost predictions should be confined to the relevant range, which is the range of activity expected for the organization. If the organization operates at an activity level outside the relevant range, any cost predictions based on data from the relevant range may not be very accurate. What happens if outliers are present in your data?

Answers

Answer:

TRUE

Explanation:

In managerial accounting, there are 2 meanings and significance of a relevant range.

1. The relevant range is the level of activity (range) that a firm is operating i.e. the volume of its production activity.

2. The relevant range is the level of activity within which certain cost behaviors are true i.e. whether the costs by their characteristics are fixed or variable.

Beyond a relevant range, cost behaviors could change in 2 ways

1. Variable costs could start manifesting the characteristic of semi variable costs or mixed costs or

2. Fixed costs could become stepped and become stepped fixed costs.

Therefore cost estimations which is based on cost behavior are only VALID within the relevant range. It is only within a given level of output that certain cost estimations holds true.

We first knew them as the cute, loving characters on Full House, but today Mary-Kate and Ashley Olsen are not only the characters in their sitcoms and videos, but also a fashion phenomenon. Their Mary-Kate and Ashley clothing line is manufactured and sold exclusively by Wal-Mart. Mary-Kate and Ashley receive royalties from Wal-Mart in exchange for the use of their names. This is an example of which branding concept?

Answers

Answer:

Licensing

Explanation

Licensing is a contractual agreement whereby one company (the licensor) allows another company to use its trademark for products and services offered by this company (licensee) for a royalty or fee and here royalty was received for the use of name.

Final answer:

Mary-Kate and Ashley Olsen's clothing line with Wal-Mart is an example of celebrity branding. This is where the well-known name of a celebrity is used to market and sell a product or service, in this case, fashion.

Explanation:

The scenario involving Mary-Kate and Ashley Olsen and their clothing line with Wal-Mart is an example of celebrity branding. Celebrity branding is a type of branding where a celebrity uses their well-known name to market, promote, and sell a product or service. In this case, the Olsen twins create fashion and grant Wal-Mart exclusive rights to manufacture and sell the clothing under their well-known name. Celebrity branding can significantly influence the consumer's perception of the product and can increase product credibility, thus making it a powerful tool in the marketing sector.

Learn more about Celebrity Branding here:

brainly.com/question/27383781

#SPJ12

The government has granted a patent to a pharmaceutical company for an experimental AIDS drug. That company is the only firm permitted to sell the drug.

Answers

The question refers to whether that scenario describes a competitive market, and the answer is - no. This scenario that you have presented us with is not an example of a competitive market because there is no free entry. Because firms cannot freely enter this market, this cannot be said to be competitive, because there are no companies to compete if there is only one firm involved.

The essence of the question is about competitive markets. This is wrong because the example above is not a competitive market because the entry of goods is not free. And also not all companies can enter this market freely, therefore this market cannot be said to be a competitive market. Because there are only one distributor and no other competitors.

Further Explanation

The competitive market refers to a market characterized by a high level of competition. There are a large number of potential buyers and sellers, all of whom are individually powerless to influence market prices.

Characteristics of Competitive Markets

  • There are many independent sellers and buyers.
  • Large market liquidity.
  • The balance of demand and supply determines the market price, the price for the seller and the price for the buyer.
  • Goods must be identical, so it does not allow producers to charge a higher price than the market price.
  • There are no external interventions that can affect the performance of market mechanisms.

Types of markets the imperfect competition:

  • Monopoly: A single seller dominates the entire market.
  • Oligopoly: There are several sellers who have more than two and fewer than ten and act in the competition.
  • Monopsony: Many sellers and one buyer.
  • Oligopsoni: Many sellers and some buyers.
  • Monopolistic: Many sellers with different products and have their own characteristics.

Learn More

Competitive Market brainly.com/question/933427

Imperfect Competitive Market brainly.com/question/933427

Details

Grade: High School

Subject: Business

Keywords: market, competitive, imperfect

All of the following are economic institutions EXCEPTa. churches.
b. government services.
c. credit unions.
d. commercial banks.

Answers

The right answer for the question that is being asked and shown above is that: "b. government services." All of the following are economic institutions EXCEPT b. government services.
Other Questions
A mixed economy has strong elements of both __________ and __________ economies.A. planned . . . traditional B. market . . . planned C. market . . . traditional D. planned . . . command
Bradley was recently promoted to the production manager of a busy shoe factory. He was chosen because prior to his promotion he had proven himself to be very efficient, and as a department manager he had a logical and practical approach to solving problems. Bradley has a reputation for being decisive and getting things done. Most of the factory's employees like Bradley, but they feel he exercises too much control over them. Bradley has a(n) ________ style. Group of answer choices conceptual behavioral ambiguous directive analytical
under which condition will both consumers and sellers benifit ? when demand exceeds supply when supply ecseeds demand or when supply equals damand
1. Liabilities are amounts you_____.A. owe B. consider assets C. avoid D. add to your assets 2. Which of the following is one way to potentially increase your savings? A. increase discretionary spending B. reduce your income C. reduce discretionary spending D. increase your expenses