In which situation would a person pay more in income tax than he or she did
the year before?
A. The salary a person earned increased.
B. The number of dependents the person had increased.
C. The amount the person spent on electronics increased.
D. The value of the person's home increased.

Answers

Answer 1

Answer:

I got the answer from above wrong so here's the answer that was correct for me

ANSWER:  The salary a person earned increased.

hope I helped.  

Explanation:

Answer 2

Answer:

When the salary  of a person earned increased he or she have to pay more  income tax than year before.

Explanation:

Why do we pay taxes?

Most governments rely on taxes as their primary source of revenue. This money is used to fund public services such as schools, emergency services, and social programs, as well as to repair and maintain public infrastructure, such as the roads we commute on.

Income Tax-

Governments levy income taxes on enterprises and persons operating within their jurisdiction. Income tax is used to fund government services, pay debts, and give commodities to citizens.

Example-

Someone earning $30,000 per year may pay 25% of their income in taxes, whereas someone earning $300,000 or more may pay 35%. Income tax is defined as "a tax on the earned and unearned income of people and trusts" in the Financial Times' glossary of terminology.

The higher your income, the higher the percentage of it that gets taxed.

Learn more about Income Tax here-

https://brainly.com/question/26316390

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Related Questions

PLEASE do your best on these questions, it’s 75% of my grade

Answers

Answer:

C

Explanation:

Im pretty sure its C. Everyone has to sign a lease when renting something

C it’s mandatory to be on a lease for a apartment or house

-PLEASE HELP!
Which of the following choices is an example of an installment loan?

a fixed rate home loan

a variable rate credit card

a mutual fund

a utility bill

Capital, such as a car or home, is often used to secure a loan.

True

False

Answers

I believe the answers are utility bill and true.
1. Utility bill
2. True

The insurance pathway includes workers who deliver services that transfer risk from an individual or business to an insurance company to protect individuals and businesses from financial losses. Question 1 options: True False

Answers

Answer:

true

Explanation:

i took the 7.01 finance quiz and got it right.

A&E) Subscription received in cash Rs 60,000; subscription received in advance for next year Rs 3,000 and received in advance during previous year is Rs 2,000.Subscription in arrears at the end of current year Rs 5,400 . Amount credited to Income and Expenditure Account will be :(a)Rs 53,600(b)Rs. 55,600(c)Rs. 66,400(d)Rs. 64,400

Answers

Answer:

Amount credited to Income and Expenditure Account = Rs64,400

Explanation:

Given:

Subscription received in cash = Rs60,000

Subscription received in advance = Rs3,000

Subscription in arrears at the end of current year = Rs5,400

Subscription received in for previous year = Rs2,000

Find;

Amount credited to Income and Expenditure Account

Computation:

Amount credited to Income and Expenditure Account = Subscription received in cash + Subscription in arrears at the end of current year + Subscription received in for previous year - Subscription received in advance

Amount credited to Income and Expenditure Account = 60,000 + 5,400 + 2,000 - 3,000

Amount credited to Income and Expenditure Account = 67,400 - 3,000

Amount credited to Income and Expenditure Account = Rs64,400

Select the correct answer.
Which of the following is a good resource to help you find a job opening?
A.
Employment offices
B.
Online sources
C.
Family, friends, and other contacts
D.
All of the above

Answers

Answer:

D All of the above

Explanation:

In an import-oriented distribution structure,A. the importer-wholesaler traditionally performs most of the marketing functions.B. the relationship between the importer and any middleman is similar to that found in a mass-marketing system.C. several independent agencies provide functions such as advertising, marketing research, and financing.D. the idea of a channel as a chain of intermediaries performing specific activities is common.E. the distribution system is national in scope.

Answers

Answer:

A. the importer-wholesaler traditionally performs most of the marketing functions.

Explanation:

Trade can be defined as a process which typically involves the buying and selling of goods and services between a producer and the customers (consumers) at a specific period of time.

Globalization can be defined as the strategic process which involves the integration of various markets across the world to form a large global marketplace. Basically, globalization makes it possible for various organizations to produce goods and services that is used by consumers across the world.

An import-oriented distribution structure is also referred to as a traditional distribution structure and it typically involves controlling a fixed supply of goods by an importer while selling a limited supply of the goods (products) at a higher price to a small group of rich or affluent customers.

This ultimately implies that, in this type of distribution structure, demand for goods usually exceeds the quantity of goods supplied.

Hence, in an import-oriented distribution structure, the importer-wholesaler traditionally performs most of the marketing functions.

What will be the end result for the taxpayer who filed his federal income tax
return using the 1040EZ form shown below?

Answers

Answer:

I got " He Will Owe $180

Explanation:

A P E X

Answer: he will owe 250

Explanation:

What is a credit card?

Answers

girl? :D

A credit card is a payment card issued to users to enable the cardholder to pay a merchant for goods and services based on the cardholder's accrued debt

It’s a card you make payments off of

A vast global network that is made up of many smaller interconnected networks is known as

Answers

Answer:

The internet

Explanation:

The subject line in an email helps the recipient decide which messages to read and ______________ to read them.

Answers

Answer:

Is it The email subject line helps recipients decide which messages to read and when to read them

Explanation:

It makes the most sense

15) Find the three consecutive even numbers whose sum is 36.
3y
16) Find y:- 8 = 1​

Answers

Answer:

Q)15: y=4 Answer

Q16): y=7 Answer

Explanation:

Q15:                                                Solution:

1st even consecutive number= y

2nd even consecutive number= y+2

3rd even consecutive number= y+4

y+y+2+y+4

2y+2+y+4

4y+y+4

5y+4

9y=36

9y/9=36 (9y divided by 9 with both side Left side and also right side and 9 and 9 will cut. Now y is left)

y=36/9 (Now divide the 36 with 9)

y=4 Answer

Q16).                                           Solution:                                                              

The equation is y-8 = 1 (Now we have to shift the 8 into left hand side).

y=8-1 (Now we have to minus the 1 from 8).

y=7 Answer

Please mark me as a brainlist.

Thank You

Find the simple interest paid.
9. Principal: $350
Annual rate: 4%
Time: 3 years
Interest

Answers

Answer:

$392

Explanation:

Using the simple interest formula....

A=P(1+rt)

A=350(1+(0.04)(3))

A=350(1+(0.12)

A=350(1.12)

A=350x1.12

A=392

If you could have $100 right now or $150 in one year, which would you choose and why?

Answers

$100 rn so I can invest it

The main pupose of an investment institution is to A. Allow customers to deposit money into accounts at no charge B. Use deposited money to purchase stocks and bonds in order to make a profit C. Provide guranteed payments to depositors under specific conditions D Hold deposits in accounts and use that money to offer loans.

Answers

Answer:

The answer is "Option D".

Explanation:

Credit unions or financial institutions, among many others, have depository institutions. It provides customers with a reliable, stable but easy way of saving money or residences and businesses credits. The bank provides interest rates on deposits and uses that money to lend at rising interest rates.

Its main source of income for depositary entities is interest from loans. They build consumer deposits and facilitate economic development in households and businesses.

With reference to above statement,how would sustainable consumption and production impact the society?​

Answers

I don’t know the answer but you may find it here

https://sustainabledevelopment.un.org/topics/sustainableconsumptionandproduction/decisions

Which of the following steps in the college application process should be done as a junior, rather than as a senior?

1. Obtain your final high school transcript.

2. Register for the PSAT.

3. Write the essay that will accompany your application.

4. Gather letters of recommendation from teachers and mentors.

15 points instead of 10.

Answers

Answer:

4. Gather letters of recommendation from teachers and mentors.

Explanation:

Answer:

2. Register for the PSAT.

Explanation:

I'm a Mug Maniac.

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