1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
gavmur [86]
1 year ago
5

Excise taxes on tobacco and alcohol and state sales taxes are often criticized for being regressive. Although everyone pays the

same rate regardless of income, why might this be so
Business
1 answer:
Papessa [141]1 year ago
5 0

Excise taxes on tobacco and alcohol and state sales taxes are often criticized for being regressive. Although everyone pays the same rate regardless of income, this might be so because low-income individuals are more prone than high-income individuals to purchase alcohol, tobacco, and gasoline.

<h3>What are Excise taxes?</h3>
  • Any duty on produced items that are assessed at the time of manufacture rather than the time of sale is known as an excise or excise tax.
  • Excises and customs duties are frequently used interchangeably, although customs taxes are imposed on already-existing products when they cross a defined border in one direction, whereas excise is imposed on goods that were created inland.
  • State sales taxes and excise taxes on alcohol and cigarettes are frequently criticized for being regressive.
  • Despite the fact that everyone pays the same rate regardless of income, this may be the case because people with low incomes are more likely than those with higher incomes to buy alcohol, cigarettes, and fuel.

To learn more about Excise taxes refer to:

brainly.com/question/22358769

#SPJ4

You might be interested in
Tubaugh Corporation has two major business segments--East and West. In December, the East business segment had sales revenues of
Verizon [17]

Answer:

=$422,000

Explanation:

As per the contribution margin concept, the contribution margin per unit is equal to the selling price per unit minus variable costs.

Therefore, the total contribution margin is the sales minus variable costs.

The contribution margin for the west will be sales($930,000) minus variable cost($488,000)

=$930 ,000 - $488,000

=$422,000

4 0
2 years ago
What did timothy do with the rope he made?
ss7ja [257]
Timothy stretched the rope between the hut and the beach for Philips to follow.
6 0
2 years ago
Read 2 more answers
A retail company sells products such as agricultural produce and consumer products. The company procures materials from farmers
mojhsa [17]

Answer:

Inbound logistics

Explanation:

Inbound logistics is the process of obtaining raw materials, and other goods and services, to the firm, while outbound logistics is the process of delivering the final goods and services from the firm to the customers.

In this case, the retail company is engaging in inbound logistics because it is procuring the raw materials from local farmers. Once these materials reach the firm, it can transform them into the agricultural produce and consumer produce that it sells.

5 0
3 years ago
Your brother, who is prone to bearing substantial risk, suggests that you buy a security for $10,000 that promises to pay you $1
astraxan [27]

Answer:

16.59%

Explanation:

First we look at the formula which to determine the future value of the security and then work back to determine the annual return in terms of percentage

Future Value = Present Value x (1 +i)∧n

where i = the annual rate of return

n= number of years or period

We then plug the given figures into the equation as follows

we already know Present value to be $10,000 and the future value to be $100,000 and the number of years to be 15

Therefore, the implied annual return or yield on the investment is

100,000 = 10,000 x (1+i)∧15

(1+i)∧15 = 100,000/10,000 = 10

1 + i = (10∧(1/15))=1.165914

i= 1.165914-1

= 0.1659

= 16.59%

5 0
3 years ago
Company ABC operates a nail salon that specializes in artificial nails. It has two primary __________, women who get their nails
sladkih [1.3K]

Answer:

Company ABC has two primary segments.

Explanation:

Market segmentation involves splitting up an organization's clients into groups  by putting people with similar characteristics in one group.

Similar characteristics could be age,sex,level of income and even level of literacy.

By segmenting markets,an organization is able to identify the customers who contribute most to its bottom line and decide on how to deal with them so as to keep them satisfied and ensured their repeat business

7 0
3 years ago
Other questions:
  • Suzanne's Cleaners is considering a project that has the following cash flow data. What is the project's payback?
    7·1 answer
  • Which of the entries in the list below are capital​ goods?
    7·1 answer
  • What is the advantage of a variable-interest loan?
    12·1 answer
  • Assume that no correcting entries were made at 12/31/14, or 12/31/15. Ignoring income taxes, by how much will retained earnings
    14·1 answer
  • Ed runs an auto repair business out of the garage attached to his personal residence. How should he account for each of the foll
    13·1 answer
  • Boss asks you to explain the difference between the Cost of Capital and DiscountRate in a multi-year Net Present Value analysis
    5·1 answer
  • Which type of plan is created when a community builds a new mass transit system?
    11·2 answers
  • Match the careers with the career clusters.
    13·2 answers
  • Which of the following statements is(are) true? (A) A favorable variance is not necessarily good, and an unfavorable variance is
    10·1 answer
  • Introduce national employment with its importance and examples​
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!