Elucidate how Personal income tax is a major source
Elucidate how Personal income tax is a major source?
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a. The Federal personal income tax is progressive. People with higher incomes pay a higher percentage of that income as tax than do people with lower incomes.
b. A marginal tax rate is the rate at which the tax is paid on each additional unit of taxable income.
c. The average tax rate is the total tax paid divided by total taxable income.
d. A tax whose average tax rises as income increases is progressive.
Write down the different types of leverages which are computed for financial analysis?
Why an economic problem does arise? Answer: It arises due to following reasons: A) Shortage of resources. B) Alternative utilizations of resources. C) Limitless wants and limited resources.
Why businesses are not really “free” to produce what they wish?
Use the circular flow model to confirm this assertion for a 2% reduction in the Federal corporate income tax.
Give a brief introduction of the term Operating Leverage?
What is the most important source of revenue and the major type of expenditure at the state level?
Write short note on Demand, Supply and Equilibrium?
Define the term Weak-form market efficiency. Explain briefly.
Illustrates how hard it is to define what is “American made” in today’s global economy?
How can we evaluate cost of capital?
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