Imagine that you are the town manager of a city. You received a P20,000000 grant from...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Imagine that you are the town manager of a city. You received a P20,000000 grant from the federal government to help support certain public services. Congress has recently voted to reduce this funding to P10,000000 next year. One of your primary goals as town manager is to avoid cutting services. Together you, and several city council members have proposed various ways to raise additional revenue. Some have proposed increasing property taxes. Others want to increase the local sales from 1 percent to 2 percent. Another proposal is to charge individual income taxes at a flat rate of 2 percent. How will you each proposal affect the taxpayers of town city. Choose only one (1) question to answer and explain why. 1. Do you increase the property tax? 2. Do you increase the local sales from 1 percent to 2 percent? or 3. Do you increase the individual income taxes with a flat rate of 2 percent? Imagine that you are the town manager of a city. You received a P20,000000 grant from the federal government to help support certain public services. Congress has recently voted to reduce this funding to P10,000000 next year. One of your primary goals as town manager is to avoid cutting services. Together you, and several city council members have proposed various ways to raise additional revenue. Some have proposed increasing property taxes. Others want to increase the local sales from 1 percent to 2 percent. Another proposal is to charge individual income taxes at a flat rate of 2 percent. How will you each proposal affect the taxpayers of town city. Choose only one (1) question to answer and explain why. 1. Do you increase the property tax? 2. Do you increase the local sales from 1 percent to 2 percent? or 3. Do you increase the individual income taxes with a flat rate of 2 percent?
Expert Answer:
Answer rating: 100% (QA)
I will answer question 2 Do you increase the local sales from 1 percent to 2 percent Increasing the ... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
Imagine that you are the sales manager of a large luxury auto dealer. What sort of data would be useful to you in order to contact potential new car customers and invite them to visit your...
-
Imagine that you are the human resource manager of a small architectural firm. You learn that the monthly premiums for the company's existing health insurance policy will rise by 15 percent next...
-
Imagine that you are writing the data link layer software for a line used to send data to you but not from you. The other end uses HDLC, with a 3-bit sequence number and a window size of seven...
-
Lucy just started a new job and her employer offers a 457 plan. She is currently 30 and plans to retire at 65, her goal is to have $1,200,000 in her 457 plan when she retires. How much does she need...
-
Why is the recruitment and selection stage of the hiring process one of a sales manager's greatest challenges?
-
What aspects of the course did you find the most enlightening? What part of your diversity, equity and inclusion plan do you believe may present you with the greatest challenge? Why?
-
Discuss corporate organization and committee structure.
-
Select an AIS system segment (such as purchasing, sales, or payroll), investigate, and write a report on the tangible and intangible costs and benefits associated with your selection.
-
In the previous task, we use the certificates in the /etc/ssl/certs folder to verify server's certificates. In this task, we will create our own certificate folder, and place the corresponding...
-
Tom Fox bought 8 bonds of UXY Company 3 1/2 09 at 84 and 4 bonds of Foot Company 4 1/8 10 at 93. Assume the commission on the bonds is $3 per bond. What was the total cost of all the purchases?
-
Assuming perfectly matched resistances in the difference amplifier of Fig. 2.13a, show that if we define the CMRR of the op amp as 1/CMRROA = aVoslauCM(OA) and that of the difference amplifier as...
-
Which backup strategy backs up only files that have the archive bit set and does not mark them? answer Differential Incremental Full Normal
-
A 1.25 kg pendulum bob is attached to a 2.50 m long string. The pendulum is pulled sideways until the string makes an angle of 15.0 with the vertical. What is the restoring force acting on the...
-
Write a C++ function named copyArray that returns no value and takes two parameters, a one-dimensional array of integers named arr1 with an array size of MAX_SIZE and a one-dimensional array of...
-
A single-loop solenoid creates this magnetic field: Which image below shows the correct direction of the conventional current in the wires that form the loop? a) X (X) B) c) d)
-
A 4.900 kg bowling ball was left on the driveway which is inclined at an 18.00 angle. Assume a coordinate system with the x-axis parallel to the (downward) incline and the y-axis perpendicular to it....
-
(a) Calculate the directional derivative of f = (sin(y) + x)(y-x) along the unit vector u at the point P = (2,7), where 2 /15 () (b) Find all stationary points of the function F(x, y) = x + 2xy + 2y...
-
Quality Chicken grows and processes chickens. Each chicken is disassembled into five main parts. Information pertaining to production in July 2012 is: Joint cost of production in July 2012 was $50. A...
-
Addison owns all of the share capital of Erin. The following intragroup transactions, all parts of which are independent unless specied, took place. 1. In January 2013, Addison sold inventory to Erin...
-
On January 1, 2011, Violet purchased 30% of the shares of Demster for $60,050. At this date, the account balances of Demster were: At January 1, 2011, all the identifiable assets and liabilities of...
-
Why is it important to identify transactions as current or previous period transactions?
-
In testing a claim about a population mean, a larger z test statistic always results in a larger P-value. Decide whether the statement makes sense (or is clearly true) or does not make sense (or is...
-
In testing the claim that the mean IQ score of statistics students is greater than 100, the alternative hypothesis is expressed as > 100. Decide whether the statement makes sense (or is clearly...
-
A handy mnemonic for interpreting the P-value in a hypothesis test is this: If the P (value) is low, then the null must go.
Study smarter with the SolutionInn App