The Federal income tax is based on a pay-as-you-go system and has become a "mass tax.". Explain this statement
The pay-as-you-go system is present in the wage and other withholding procedures. In the case of self-employed persons, it is manifested in the required quarterly payments for estimated taxes. The income tax became a mass tax during World War II when its coverage was extended to 74% of the population (from less than 6% in 1939).
You might also like to view...
Avia Company sells a product for $120 per unit. Variable costs are $80 per unit, and fixed costs are $1200 per month. The company expects to sell 670 units in September. The unit contribution margin is ________.
A) $40 per unit B) $80 per unit C) $200 per unit D) $120 per unit
Dwayne receives career advice from Susan. In this relationship, Susan is best describe as a ______.
A. mentee B. mentor C. follower D. manager
Give an example of a speech topic that would be appropriate for the problem-cause-solution organizational pattern and explain why.
What will be an ideal response?
Journalists are usually trained professionals with work experience in the media. Bloggers are most likely to be
A) promoters paid by large media firms to pitch products. B) government agents masquerading online as ordinary consumers. C) hackers and spammers attempting to steal consumers' identities. D) unemployed journalists filling their time while looking for work. E) subject specialists without any training in journalism.