Annual Income Tax Rate Up to $80,000 10% From $80,001 to $120,000 20% Over $120,000 30% This is an example of aregressive income tax. Van, a resident of Econoland, currently works 20 hours a week and earns an annual income of $80,000. After paying income taxes, Van receives$72,000 per year. If Van works an additional 10 hours a week (30 hours a week total), his annual income will be $120,000. After paying income taxes, Van will receive$100,000 per year. In other words, by working an additional 10 hours per week, Van will receive an additional$28,000 . If Van works 10 more hours in a week (40 hours a week total), his annual income will further increase to $160,000. After paying income taxes, Van will receive$140,000 per year. In other words, by working 10 more hours per week, Van will receive$36,000.00 more than what he would receive if he works only 30 hours a week. As Van works more, the additional amount he receives from working 10 more hoursdecreases , which means his cost of leisuredecreases .

Ida sidha karya company is a family-owned company located on the island of bali in indonesia. the company produces a handcrafted balinese musical instrument called a gamelan that is similar to a xylophone. the gamelans are sold for $860. selected data for the company’s operations last year follow: units in beginning inventory 0 units produced 320 units sold 285 units in ending inventory 35 variable costs per unit: direct materials $ 135 direct labor $ 355 variable manufacturing overhead $ 30 variable selling and administrative $ 15 fixed costs: fixed manufacturing overhead $ 64,000 fixed selling and administrative $ 27,000 the absorption costing income statement prepared by the company’s accountant for last year appears below: sales $ 245,100 cost of goods sold 205,200 gross margin 39,900 selling and administrative expense 31,275 net operating income $ 8,625 required: 1. under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last year? 2. prepare an income statement for last year using variable costing. what is the amount of the difference in net operating income between the two costing methods?

1.     regarding general guidelines for the preparation of successful soups, which of the following statements is true? a. thick soups made with starchy vegetables may thin during storage. b. soups should be seasoned throughout the cooking process. c. finish a cream soup well before serving it to moderate the flavor. d. consommés take quite a long time to cool. student c   incorrect

The interaction of individual choices because a type of fish is on the verge of extinction, the government imposes rules that prohibit fishing in the publicly owned spawning grounds. at first owners of fshing bouts complain about this restriction on where they can fish, but soon they notice that the number of adult fish swimming outside the protected area is much higher than it was before. with the restriction, each fishing boat ends up catching more fish than it did before the r which of the following principles of economic interaction best describes this scenario? o there is a tradeoff between equality and efficiency o markets usually lead to efficiency. o when markets do not achieve efficiency, government intervention can improve overall welfare o markets allocate goodseffectively