Our current personal income tax system is progressive: income tax rates rise with rising incomes and are lower for low-income individuals. some policymakers have favored a “flat tax” as a replacement to our modestly progressive income tax system. most exemptions and deductions would be eliminated, and a single low tax rate would be applied to personal income. would such a change in the tax laws alter the automatic stabilization characteristics of the personal income tax?

3. now assume that carnival booked lady antebellum in december 2016 to perform on the june 2017 western caribbean cruise. further assume that carnival pays lady antebellum its entire performance fee of $52,000 on december 28, 2016, for the june 2017 cruise. what journal entry will carnival make on december 28, 2016, for its payment to lady antebellum?

Uknow what i love about i ask a dumb question it is immediately answered but when i ask a real question it take like an hour to get answered

Fortress international, a large conglomerate, procures a few component parts from external suppliers and also manufactures some of the key raw materials in its own subsidiaries. aside from this, the company does not solely depend on outside distributors to reach its customers. in fact, it has its own retail stores to distribute its products. in this scenario, which of the following alternatives to vertical integration is fortress international applying? a. concentric integration b. taper integration c. horizontal integration d. conglomerate integration