Arthur pays tax of $5,000 on taxable income of $50,000 while taxpayer Barbara pays tax of $12,000 on $120,000. The tax is a
A) progressive tax.
B) proportional tax.
C) regressive tax.
D) None of the above.
B) proportional tax.
The tax rate is proportional because the 10% tax rate applies to both taxpayers regardless of their income level.
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The Kruskal-Wallis one-way analysis of variance and the k-sample median test have the same null hypothesis ? "medians of the k populations are equal."
Indicate whether the statement is true or false
The following data is given for the Stringer Company: Budgeted production 26,000 units Actual production 27,500 units Materials: Standard price per ounce $6.50 Standard ounces per completed unit 8 Actual ounces purchased and used in production 228,000 Actual price paid for materials $1,504,800 Labor: Standard hourly labor rate $22 per hour Standard hours allowed per completed unit 6.6 Actual
labor hours worked 183,000 Actual total labor costs $4,020,000 Overhead: Actual and budgeted fixed overhead $1,029,600 Standard variable overhead rate $24.50 per standard labor hour Actual variable overhead costs $4,520,000 Overhead is applied on standard labor hours. The direct material price variance is: A) 22,800U B) 22,800F C) 52,000U D) 52,000F
In PL/SQL, comment text is not executed.
Answer the following statement true (T) or false (F)
A solid business definition has three elements: 1) the offer, 2) target market, 3) production and delivery capability.
Answer the following statement true (T) or false (F)