subject
Business, 01.02.2021 20:50 mystaxkkks

Income taxes are taxes collected by federal, state, and local governments. Within the United States, we have a defined tax structure. Answer the following questions regarding the U. S. tax structure. A tax structure in which additional taxable income is taxed at a higher rate is referred to as a . The tax paid on the next dollar of taxable income is referred to as the tax rate. The overall rate at which income is taxed, determined by dividing the tax liability by the taxable income, is referred to as the tax rate. In addition to understanding how the tax system is structured, knowing your individual filing status is important because it determines deductions and other considerations that should be taken into account when preparing your tax return. Indicate the correct filing status for the definition provided. Spouses who combine their income and allowable deductions is called

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 13:10
bradford, inc., expects to sell 9,000 ceramic vases for $21 each. direct materials costs are $3, direct manufacturing labor is $12, and manufacturing overhead is $3 per vase. the following inventory levels apply to 2019: beginning inventory ending inventory direct materials 3,000 units 3,000 units work-in-process inventory 0 units 0 units finished goods inventory 300 units 500 units what are the 2019 budgeted production costs for direct materials, direct manufacturing labor, and manufacturing overhead, respectively?
Answers: 2
question
Business, 22.06.2019 21:50
Labor unions have used which of the following to win passage of favorable laws such as shorter work weeks and the minimum wage? a. strikes b. collective bargaining c. lobbying d. lockouts
Answers: 1
question
Business, 22.06.2019 22:30
Rahm's credit card issuer calculates interest based on the outstanding balance at the end of the last billing period. what is this method of calculating interest on a credit card called?
Answers: 2
question
Business, 22.06.2019 22:30
Schuepfer inc. bases its selling and administrative expense budget on budgeted unit sales. the sales budget shows 1,800 units are planned to be sold in march. the variable selling and administrative expense is $4.30 per unit. the budgeted fixed selling and administrative expense is $35,620 per month, which includes depreciation of $2,700 per month. the remainder of the fixed selling and administrative expense represents current cash flows. the cash disbursements for selling and administrative expenses on the march selling and administrative expense budget should be:
Answers: 1
You know the right answer?
Income taxes are taxes collected by federal, state, and local governments. Within the United States,...
Questions
question
Mathematics, 26.06.2019 02:30
question
Mathematics, 26.06.2019 02:30
Questions on the website: 13722363