Which of the following is true according to the Laffer curve?
a. an increase in tax rates will always cause tax revenues to increase.
b. when marginal tax rates are high, an increase in tax rates is likely to cause tax revenues to increase.
c. when marginal taxes are low, an increase in tax rates will probably cause tax revenues to decline.
d. when marginal tax rates are high, a reduction in tax rates may increase tax revenue.
Answers: 1
Business, 22.06.2019 07:50
Connors academy reported inventory in the 2017 year-end balance sheet, using the fifo method, as $154,000. in 2018, the company decided to change its inventory method to lifo. if the company had used the lifo method in 2017, the company estimates that ending inventory would have been in the range $130,000-$135,000. what adjustment would connors make for this change in inventory method?
Answers: 1
Business, 22.06.2019 13:40
After much consideration, you have chosen cancun over ft. lauderdale as your spring break destination this year. however, spring break is still months away, and you may reverse this decision. which of the following events would prompt you to reverse this decision? a. the marginal cost of going to cancun decreases.b. the marginal cost of going to ft. lauderdale decreases.c. the marginal benefit of going to cancun increases.d. the marginal benefit of going to ft. lauderdale decreases.
Answers: 2
Business, 23.06.2019 01:50
The capital balances, prior to the liquidation of the benjamin, gaynor, megan partnership, were as follows: benjamin, capital $100,000gaynor, capital $120,000megan, capital $175,000benjamin, gaynor, and megan share profits and losses in the ratio of 25%, 40%, 35%. as a result of a loan, the partnership owes gaynor $80,000. using the information above, which partner has the highest loss absorption power (lap) prior to liquidation? a. gaynorb. meganc. benjamind. both gaynor and megan have the same lap
Answers: 2
Business, 23.06.2019 02:00
When watching the video example 87: function notation, the presenter states that we need to, "go to this function and in the place of x, we will put in " รข4 รข3 รข2 รข1?
Answers: 3
Which of the following is true according to the Laffer curve?
a. an increase in tax rates will...
a. an increase in tax rates will...
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