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Alona [7]
2 years ago
9

If, as your taxable income decreases, you pay a smaller percentage of your taxable income in taxes, then the tax is

Business
1 answer:
guajiro [1.7K]2 years ago
5 0

If, as your taxable income decreases, you pay a smaller percentage of your taxable income in taxes, then the tax is  Progressive tax.

<h3>What is meant by progressive taxes?</h3>

The average tax burden rises with income under a progressive tax. Low- and middle-income taxpayers bear a disproportionately tiny amount of the tax burden, compared to high-income families. A tax system that raises rates as taxable income rises is known as a progressive tax. Taxes on investment income, interest income, rental income, estates, and tax credits are a few examples of progressive taxes.

Based on the amount of tax you must pay relative to your income, taxes can be classified as regressive, proportional, or progressive. As your income declines, regressive taxes force you to pay a bigger proportion of your individual income in taxes. Tax reductions enhance people' discretionary income while reducing the government's revenue. Tax reductions typically refer to decreases in the percentage of income, commodities, and services subject to tax. Tax reductions serve as an illustration of an expansionary fiscal strategy since they give consumers greater discretionary income.

So, If, as your taxable income decreases, you pay a smaller percentage of your taxable income in taxes, then the tax is Progressive tax.

Learn more about Progressive tax here

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The proper order of the following steps in the accounting cycle is prepare unadjusted trial balance, journalize transactions, po
photoshop1234 [79]

Answer:

<em>The Accounting Cycle is as follows:</em>

<em>1. Transactions are analyzed and recorded in the journal. </em>

<em>2. Transactions are posted to the ledger.</em>

<em>3. An unadjusted trial balance is prepared. </em>

<em>4. Adjustment data are asssembled and analyzed. </em>

<em>5. An optional end-of-period spreadsheet is prepared. </em>

<em>6. Adjusting entries are journalized and posted to the ledger. </em>

<em>7. An adjusted trial balance is prepared. </em>

<em>8. Financial statements are prepared. </em>

<em>9. Closing entries are journalized and posted to the ledger. </em>

<em>10. A post-closing trial balance is prepared. </em>

<em />

8 0
3 years ago
A company estimates that the revenue (in dollars) from the sale of x doghouses is given by R(x)=14,000ln(0.01x+1). Use the diffe
melamori03 [73]

Answer: The change in revenue for the sale of 1 more doghouse $ 66.67 dollars

Explanation: Differential is a function that can be used to approximate function value with a great degree of accuracy. This is done by the following.

Mathematical definition of derivative: f'(x) = lim f(x+Δx) - f(x)/Δx.

If Δx is very small:

f'(x) . Δx ≅ f(x+Δx) - f(x)

Knowing that Δy ≅ f(x+Δx) - f(x) and the diferential of variable x can be written by dx as the variable y can be dy:

dy = f'(x) dx

which means that the differential dy is approximately equal to the change Δy, if Δx is very small.

For the question, R(x) = y(x) = 14,000ln(0.01x+1)

f'(x) = \frac{d[14,000.ln(0.01x+1)]}{dx}

Using the chain rule, the derivative will be:

f'(x) = 14,000.\frac{0.01}{0.01x+1}

dy = 14,000.\frac{0.01}{0.01x+1}.dx

dx is the change in x. For the question, the change is 1 (1 more doghouse) and x is 110:

dy = 14,000\frac{0.01}{0.01.110+1}.1

dy = \frac{140}{2.1}

dy = 66.67

The change in revenue is $66.67 dollars.

5 0
3 years ago
An economy has an aggregate demand shortfall of $1200 billion and a GDP gap of $900 billion. The mpc is 2/3. The appropriate fis
Vadim26 [7]

Answer:

Change in government expenditure needed = 300

Explanation:

Multiplier 'k' = Change in Income / Change in Govt. expenditure =  dY / d GE = 1 / ( 1-MPC )

Desired change in Y, ie GDP = 900 billion , MPC = 2 / 3.

k = 1 / ( 1 - 2/3 ) = 1 / ( 1/3 ) = 3

3 = 900 / d GE

d GE = 900 / 3 = 300

Change in government expenditure = 300

5 0
3 years ago
Pleasantville maintains an appropriations ledger for police department supplies. The amount appropriated for supplies was $100,0
satela [25.4K]

Answer:

Appropriation available for spending = 37000

Explanation:

In the appropriations ledger, the amount available for spending at any moment is the total appropriation minus expenditures plus outstanding encumbrances.

100000 - 35000 - 28000 =  37000

3 0
3 years ago
Suppose the equilibrium quantity of gasoline is 1,150 gallons; that is, qmarket = 1,150. then the equilibrium price of a gallon
likoan [24]

<u>The equilibrium price of a </u><u>gallon could be</u><u> $3.3.</u>

What Is Equilibrium Quantity?

  • When a product is in equilibrium amount, there may be neither a scarcity nor a surplus at the market.
  • When deliver and call for cross, the quantity of a great that purchasers need to shop for is same to the quantity that its producers are supplying.

What is equilibrium amount and rate?

  • The handiest rate at which customer and manufacturer plans coincide is the equilibrium rate, that is reached while the amount demanded with the aid of using purchasers and the amount furnished with the aid of using producers, respectively, are same.
  • The equilibrium amount is the call given to this not unusual place amount.
  • At Q = 1150, the market equilibrium rate might lie among social fee and personal fee, which comes out to be among $3.1 and $3.5, that is $3.3.

Learn more about Equilibrium Quantity

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8 0
1 year ago
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