Super City Discount Department Store Is Open 24 Hours a Day.The

question 7

Essay

Super City Discount Department Store is open 24 hours a day.The number of cashiers need in each four hour period of a day is listed below.
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$$\begin{array} { c c } \text { Period } & \text { Cashiers Needed } \\\hline 10 \text { p.m. to } 2 \text { a.m. } & 8 \\2 \text { a.m. to } 6 \text { a.m. } & 4 \\6 \text { a.m. to } 10 \text { a.m. } & 7 \\10 \text { a.m. to } 2 \text { p.m. } & 12 \\2 \text { p.m. to } 6 \text { p.m. } & 10 \\6 \text { p.m. to } 10 \text { p.m. } & 15\end{array}$$ If cashiers work for eight consecutive hours,how many should be scheduled to begin working in each period in order to minimize the number of cashiers needed?

Identify deductible business expenses and limitations according to the IRS regulations.

Recognize the allocation and reporting of income and deductions for sole proprietors.

Determine the impact of vehicle expenses and listed property on taxable business income.

Analyze the treatments of bad debts in a business context.

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Definitions:

Marginal Tax Rate

The rate at which an additional dollar of income is taxed.

Vertical Equity

A principle in taxation that says taxpayers with a higher ability to pay should contribute more in taxes.

Marginal Tax Rate

The rate at which an additional dollar of income is taxed, representing the percentage of tax applied to your last dollar of income.

Tax Burden

The total amount of tax paid by an individual, a household, or an organization relative to their income or profits.