What effect would a tax increase have on income

Asked by maham237 @ 27/06/2021 in History viewed by 270 People

Answered by maham237 @ 27/06/2021

Tax rate cuts may encourage individuals to work, save, and invest, but if the tax cuts are not financed by immediate spending cuts, they will likely also result in an increased federal budget deficit, which in the long-term will reduce national saving and raise interest rates.

What effect would a tax increase have on income brainly

Asked by admin @ 06/08/2021 in Business Studies viewed by 303 persons

Q5. What will be the effect of increase in tax by government?a. Increase in cost of productionc. Increase in profit marginb. Creates fear in the mind of …

Which of the following best defines a graduated income tax

Asked by admin @ 15/10/2021 in English viewed by 360 persons

Which of the following best defines a graduated income tax? A. an income tax that increases with a person’s level of education B. an income tax that replaces an earlier …

Under what circumstances would the government most likely raise taxes

Asked by admin @ 02/08/2021 in History viewed by 368 persons

Under what circumstances would the government most likely raise taxes? A. Consumer spending has decreased. B. Unemployment is growing. C. The economy is growing rapidly. D. Government spending has increased …

Under what circumstances would the government most likely lower taxes

Asked by maham237 @ 30/05/2021 in History viewed by 437 persons

What is the difference between income tax and sales tax

Asked by admin @ 28/10/2021 in Business viewed by 293 persons

What is one major difference between income tax and sales tax? A. Income tax is based on taxable income, while sales tax is based on gross income. B. Income tax …

How would vat reduce the evasion of taxes on goods

Asked by admin @ 05/08/2021 in Social Sciences viewed by 260 persons

How would VAT reduce the evasion of taxes on goods?

Which government legislation established a federal income tax in 1913

Asked by admin @ 02/08/2021 in Economy viewed by 392 persons

Which government legislation established a federal income tax in 1913? the Sherman Antitrust Act the Interstate Commerce Act the Sixteenth Amendment the Economic Opportunity Act

Would it be correct to say that the doppler effect

Asked by maham237 @ 21/05/2021 in Physics viewed by 296 persons

is the apparent change in the speed of a wave due to the motion of the source? Be sure to fully explain your position using at least 3 complete content …

Why are regressive taxes considered unfair to lower income taxpayers

Asked by admin @ 26/11/2021 in Social Studies viewed by 358 persons

Why are regressive taxes considered heaviest on low income taxpayers?

How to record income tax expense with a journal entry

Asked by admin @ 10/11/2021 in Business viewed by 351 persons

Culver Company has the following two temporary differences between its income tax expense and income taxes payable. 2020 2021 2022 Pretax financial income $873,000 $866,000 $947,000 Excess depreciation expense on …

Last day you can send in federal income tax forms

Asked by admin @ 29/10/2021 in Geography viewed by 250 persons

When is the last day you can send in federal income tax forms? june 15 july 15 april 15 november 15

As per income tax act accounting period is

Asked by admin @ 26/08/2021 in Math viewed by 352 persons

As per income Tax Act, accounting period is * (a) From 1 st Jan to 31 st Dec(b) From 1 st Apri 1 to 31 st March(c) From …

Carrie had 435 for medicare 1800 for state income tax

Asked by maham237 @ 11/07/2021 in Mathematics viewed by 252 persons

carrie had 435$ for medicare, $1800 for state income tax, and 1860 for social security deducted from her pay last year. How much did carrie have deducted from her pay …