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Which ma scale is large and which one is small?
1:24,000, 1:50,000, 1:125,000, 1:2,000,000, 1:5,000,000, 1:21,000,000
Small scale maps show a larger geographic area and less detailed and large-scale maps show a smaller geographic area with greater detail. The 1:24,000 scale is fairly large. The 1:50,000 scale goes as an intermediate. 1:125,000 is the size of...
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Explain the administrative efficiency of taxation with the inclusion of the tax avoidance, tax evasion, tax gap, tax morality. Further, discuss Flexibility
A modest restriction on capital gains exemption will preserve ordinary investors' interests while also increasing tax revenue. The existing tax deduction for housing loan interest of 1.5 lakh can be...
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Rachel earns $100,000 a year as a marketing and sales excutive. She is 48 years old and single. She is interested in saving for her eventual retirement. Which alternative do you recommended
Rachel earns $100,000 a year as a marketing and sales executive. She is 48 years old and single. As we don't have any alternatives to recommend, it is impossible to...
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Under a proportional tax system, Karl pays $30,250 on a salary of $275,000. Jan pays $36,300 in taxes which means Jan’s salary is: A. $325,000. B. $275,000. C. $330,000. D. $350,000.
The answer is C. $330,000.Under a proportional tax, all taxpayers pay a similar percentage of their incomes. If Karl pays $30,250 on a salary of $275,000, then the percentage of...
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National Income Accounts.
GNP = 8,800. T = 2,000. C = 5,000. G = 2,200.
X = 500. M = 900. GDP = 8,600. Dep. = 500.
Determine Foreign Lending
GNP = 8,800. T = 2,000. C = 5,000. G = 2,200. X = 500. M = 900. GDP = 8,600. Dep. = 500. A country’s foreign lending is, by...
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If Mary James' disposable income increases from $32,000 to $33,000 and her level of saving increases from $200 to $325, what is her MPC?
Mary James' disposable income increased by $ 33000-$32000=$1000 and her level of saving increased by $325-$200=$125, then MPS=$125/$1000= 0.125. So, MPC=1-MPS=0.875.
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if a household's income falls from R12 000 to R10 000, and its consumption falls from R9 500 to R8 000, then:
MPC= Change in consumption/Change in incomeChange in consumption= (9500-8000) 1500Change in income = (12000-10000) 2000MPC= 1500/2000= 0.75Marginal propensity to consume is 0.75
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1. If a consumer increases her quantity of ice cream consumed by 100% when her income rises by 25%. Calculate her income elasticity of demand for the ice cream and interpret the result.
Income elasticity of demand is an economic measure of how responsive the quantity demand for a good or service is to a change in income.It is calculated as the percentage...
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Jane earns an income of R10 000 a month and pays R1 500 towards income tax, and when her income increases to R24 000 a month, she now pays R4 200 towards income tax. This is an example of a
This is an example of an increase in the income tax rate depending on the level of wages.With an income of 10,000, Jane pays income tax in the amount of...
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Q.1.4 Company tax is a: (2) (1) Progressive, direct tax; (2) Progressive, indirect tax; (3) Proportional direct tax; (4) Regressive indirect tax.
Company tax is a progressive direct tax.(1)
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