Business, 22.05.2020 23:02 rahrah14

In recent years, a growing number of states have legalized marijuana for recreational purposes. Sales of marijuana are subject to various state sales and excise taxes that add between 25% and 44% to the price. Previously, sales of marijuana in these states took place in the informal or underground economy, where taxes are avoided and there is a high crime rate. Which of the following is NOT a fiscal policy justification for legalizing marijuana?
a) There will be a reduction in drug enforcement costs.
b) The government will experience an increase in revenues.
c) There will be a decrease among some underground drug activity.
d) There will be an increase in the amount of potential marijuana users.

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 20:30

Casey communications recently issued new common stock and used the proceeds to pay off some of its short-term notes payable. this action had no effect on the company's total assets or operating income. which of the following effects would occur as a result of this action? a. the company's current ratio increased.b. the company's times interest earned ratio decreased.c. the company's basic earning power ratio increased.d. the company's equity multiplier increased.e. the company's debt ratio increased.

Answers: 3

Answer

Business, 22.06.2019 20:40

Which of the following is true concerning the 5/5 lapse rule? a) the 5/5 lapse rule deems that a taxable gift has been made where a power to withdraw in excess of $5,000 or five percent of the trust assets is lapsed by the powerholder. b) the 5/5 lapse rule only comes into play with a single beneficiary trust. c) amounts that lapse under the 5/5 lapse rule qualify for the annual exclusion. d) gifts over the 5/5 lapse rule do not have to be disclosed on a gift tax return.

Answers: 1

Answer

Business, 22.06.2019 21:00

After hearing a knock at your front door, you are surprised to see the prize patrol from a large, well-known magazine subscription company. it has arrived with the good news that you are the big winner, having won $21 million. you have three options.(a) receive $1.05 million per year for the next 20 years.(b) have $8.25 million today.(c) have $2.25 million today and receive $750,000 for each of the next 20 years.your financial adviser tells you that it is reasonable to expect to earn 13 percent on investments.

Answers: 3

Answer

Business, 23.06.2019 14:00

If china enforces the software procurement regulation, the most likely result is

Answers: 1

Answer

You know the right answer?

In recent years, a growing number of states have legalized marijuana for recreational purposes. Sale...

Questions