If the tax base is $100 billion and tax revenues are $15 billion, what is the average
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (17 reviews)
Tax revenue Tax base averag...View the full answer
Answered By
Akash Goel
I am in the teaching field since 2008 when i was enrolled myself in chartered accountants course
Since then i have an experience of teaching of class XI, XII, BCOM, MCOM, MBA, CA CPT.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
It is April 4, 2015, and your company is considering the possibility of purchasing the Chrysler automobile manufacturing business. Managers of Fiat, the Italian auto mobile manufacturer that owns...
-
The economist Arthur Laffer has long argued that lower tax rates, by stimulating employment and investment, can lead to increased tax revenue to the government. If this prediction is correct, a tax...
-
If the structural budget deficit is $100 billion and the actual deficit is $300 billion, what is the size of the cyclical deficit?
-
8 for 0 < < 6 for 6
-
Match the following terms and definitions a. order-to-cash b. procure-to-pay c. spaghetti code d. three-tier architecture e. database tier f. application tier g. user tier h. firewall i. business...
-
Kerry and Danielle wanted to investigate if tapping on a can of soda would reduce the amount of soda expelled after the can has been shaken. For their experiment, they vigorously shook 40 cans of...
-
Use the Whitney-Nuismer average stress criterion to estimate the allowable internal pressure for Problem 9.5 if the unnotched tensile strength of the material is \(\sigma_{0}=1500 \mathrm{MPa}\) and...
-
On July 15, Mann Company sold $600,000 in accounts receivable for cash of $500,000. The factor withheld 10% of the cash proceeds to allow for possible customer returns or account adjustments. An...
-
Prepare a cost of production report for December. Round your cost per equivalent unit amounts to two decimal places. Round all other amounts to the nearest dollar. If an amount value is zero enter...
-
1. Braun's Brakes manufactures three different product lines, Model X, Model Y, and Model Z. Considerable market demand exists for all models. The following per unit data apply: Which model has the...
-
A rise in aggregate demand raises Real GDP and the price level. Draw the aggregate supply curve that is consistent with this statement. Next, a rise in aggregate demand raises the price level but...
-
What would the aggregate supply curve look like if a rise in aggregate demand led to a rise in Real GDP but to no change in the price level?
-
Why do consumers planning to make a purchase at an online outlet frequently fail to do so?
-
Suppose Motor Shack incurred the following costs at its Ann Arbor, Michigan, store: Requirements:- 1. Classify each cost as to which category of the value chain it belongs (R&D, Design, Purchases,...
-
An airline manufacturer incurred the following costs last month (in thousands of dollars): Requirements: 1. Assuming the cost object is an airplane, classify each cost as one of the following: direct...
-
Outdoor Amenities is a manufacturer of backyard and deck furniture. Its products are in high demand, and it carries no inventory. Following is a list of selected account balances from its trial...
-
Prepare the income statement for West Nautical Company in E2-31A for the most recent year. Assume that the company sold 34,000 units of its product at a price of $12 each during the year. Data From...
-
Charles Juniper, 24, is about to begin his career as a rocket scientist for the European Space Agency. Being a rocket scientist, Charles knows that he should begin saving for retirement immediately....
-
Find the remaining roots of the given equations using synthetic division, given the roots indicated. 2x 4 19x 3 + 39x 2 + 35x 25 = 0 (5 is a double root)
-
Reconsider Prob. 1474. In order to drain the tank faster, a pump is installed near the tank exit as in Fig. P1475. Determine how much pump power input is necessary to establish an average water...
-
This past year, Used Imported Autos sold very few cars and lost over $500,000. As a consequence, its manager is contemplating two strategies to increase its sales volume. The low-cost strategy...
-
Pelican Point Financial Groups clientele consists of two types of investors. The first type of investor makes many transactions in a given year and has a net worth of over $1 million. These investors...
-
CPT Inc. is a local manufacturer of conveyor systems. Last year, CPT sold over $2 million worth of conveyor systems that netted the company $100,000 in profits. Raw materials and labor are CPTs...
-
Marea's Cakes sells its cakes for $30 each. Ingredients cost Marea on average $10 per cake and she pays her baker $10 per cake. For the upcoming year, Marea's fixed costs will be $50,000 and she...
-
The statement of cash flow consists of three main activities, as follows: Operating Investing Financing Each section provides the reader with details on where the cash came from and where the cash...
-
How would i calculate the desired ROI per unit based on this information: $65Per Unit Direct Materials $48.00Per Unit Direct Labour $16.00Per Unit Variable Manufacturing Overhead $12.00Per Unit...
Study smarter with the SolutionInn App