The passing of a state income tax limit takes several different factors into discussion. The consequences of passing a state income tax need to be carefully deliberated before considering adoption. Many major actors in state politics affect the process of adopting an income tax limit as well. The state legislature has an important role in creating the tax and expenditure limit‚ while the state governor is able to use several different methods to veto or block the limit that the legislature suggests
Premium Tax Income tax North Carolina
of the goods were $140‚000 and $200‚000‚ respectively. Stendall still owned one-fourth of the goods at the end of 2011. Consolidated cost of goods sold for 2011 was $2‚140‚000 because of a consolidating adjustment for intra-entity sales less the entire profit remaining in Stendall’s ending inventory. 2. How would consolidated cost of goods sold have differed if the inventory transfers had been for the same amount and cost‚ but from Stendall to Edgar? A. Consolidated cost of goods sold would
Premium Subsidiary Generally Accepted Accounting Principles Inventory
fall into the low income class don’t have true support at home which inadequately‚ cause most students to put in a lack of effort because they don’t have any one to cheer them on. During the parent /teacher conference‚ no parent for the low-income students showed up‚ which is concerning because it shows lack of support. According to the power point lecture‚ Reasons for Lower Educational Achievement‚ “Low-income parents are less likely to expect their kids to go to college. Low-income parents are less
Premium Education High school School
CASE STUDY: Modernization of NTUC Income? 1.) What were the problems faced by Income in this case? How were the problems solved by thenew digital system? Income·s insurance processes were very tedious and paper-based. This resulted to humongousIncome also experienced frequent breakdown of the HP 3000 mainframe which hosted the coreinsurance applications and the accounting and management information systems. In addition tothis‚ HP 3000 back-up system only allowed restoration to the previous
Premium Digital Business continuity planning Process management
MULTIPLE-CHOICE QUESTIONS 1. If an increase in income results in an increase in the demand for chicken‚ then chicken is a/ an ___________________________. A. neutral good B. luxury good C. normal good D. inferior good 2. Two goods are complements if the ____________________. A. cross elasticity of demand is negative B. income elasticity of demand is negative C. cross elasticity of demand is positive D. income elasticity of demand is positive 3. If a 5%
Premium Supply and demand Price elasticity of demand Elasticity
imposed in the sales invoice while consumers will know exactly how much tax he or she is paying on the goods bought and services rendered‚" he told reporters after opening the office of international real estate consultants‚ Rahim & Co‚ here today. Ahmad said the other advantages included the marked reduction in red tape and bureaucracy‚ lower business cost‚ nil burden on the lower-income‚ additional revenue for the country and a competitive export sector. "Exports will be more competitive
Premium Value added tax Tax Taxation in the United States
quantity demanded for a good increase 20% with response to an increase of 10% in income. Then the income elasticity of demand would be‚ Ey= (20%)/(10%)=2 The amount which the quantity demanded for a good change in response to a change in income depends on the type of goods. We can distinguish the types of goods as following‚ Normal goods - Ey > 0 – positive YED Luxury goods - Ey > 1 Necessities - 0 < Ey < 1 Inferior products - Ey < 0 – negative YED Let’s see how the income elasticity of demand
Premium Costs Cost Investment
There are different ways in how two income statements are prepared. For example: the income statement (also known as P&L) of a merchandising company consists of Revenue‚ Expenses (related to the sales volume through the Cost of Goods Sold (COGS) and General & Administrative Expense (G&SA)‚ which all result in Net Income. The income statement of a Service company consists of Service Revenue minus any Expenses related to that service‚ which results in Net Income. Another way to look at it is that
Premium Generally Accepted Accounting Principles Balance sheet Inventory
describes America’s economy as “rigged” and full of income inequality. He even states that America has more inequality than any other country in the world. Martin Feldstein‚ an economic advisor at FOX Business‚ explains that Sanders’ comments are pretty inaccurate. Feldstein states that many other countries‚ such as India and Mexico‚ have much higher inequality than we have here in the United States. He also believes that America’s economy is in pretty good
Premium United States Economic inequality Unemployment
Part 2 - Situation of Income Inequality in Vietnam in the period from 2000 to 2010 7 2.1. Situation 7 2.1.1. Income distribution among 5 quintiles 7 2.1.2. Income distribution between rural area and urban area 9 2.1.3. Income Distribution among 8 regions of Vietnam: 10 2.1.4. GINI coeffiecent 11 2.2. Consequences – the measurement of “40” 12 Part 3: Causes and recommendations and governmental policies for reducing Inequality in Income and enhancing Income Redistribution: 14
Premium Economic inequality Gini coefficient Poverty