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ABC Block's taxable income was $85,000 in the year just completed. The state where ABC was incorporated taxes corporate profits at a rate of 8% on the first $50,000 and 10% on any remaining income above $50,000. Calculate the state and federal taxes owed by ABC. Also, calculate the effective marginal tax rate on ABC's income. (Answer: te 26%)
According to the HO theory, the basis for the movement of goods and services (international trade) across national boundaries is the differences in the opportunity costs of production (which translates into differences in the prices of goods and serv..
How did slavery impact the economy in the South and the North differently
Consider the development of the trade routes of Afro-Eurasia (Indian Ocean, Silk Road etc). Then consider the development of the Atlantic System and other emerging global systems. What were the changes in systems of thought, economics and technologie..
In the aftermath of the global economic crisis that started to take hold in 2008, U.S. government budget deficits increased dramatically, yet interest rates on U.S. Treasury debt fell sharply and stayed low for quite some time. Does this make sense? ..
Development economists consider the phenomenon of child labor as an example of ‘bad equilibrium’. Discuss briefly any two alternatives to a complete ban on child labor.
Consider a pure exchange economy with two consumers and two goods. At some given Pareto efficient allocation it is known that both consumers are consuming both goods and that consumer A has a marginal rate of substitution between the two goods of 2. ..
Over the past several years, the predictions of the Philips Curve haven’t exactly panned out. Now, with the expectation of meaningful expansionary fiscal policy on our horizon, and starting from near full employment, the predictions of the Philips Cu..
q1. assume anna can either wash 12 cars or wax 4 cars every day also bob can either wash 6 cars or wax 3 cars every
Gold cost $100 an ounce at the beginning of 1971. At the beginning of 2015, gold was $1200 per ounce. By what compound annual percentage rate has the price of gold increased over this period? State the answer as a percentage, to two decimal places.
What is the monthly payment? (Use a spreadsheet function, not the tables.) What interest is paid in the last month?
Describe the differences between Qualitative and Quantitative Risk Management In Information Security. In your opinion, which is better, and why?
Assume that oil prices increase. In the short run we observe.Demand pulls inflation.
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