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oksian1 [2.3K]
2 years ago
8

Suppose that gifts were taxed at a rate of 10or amounts up to $100,000 and 20or anything over that amount. would this tax be reg

ressive or progressive?
Business
1 answer:
Vladimir [108]2 years ago
3 0

The tax would be progressive because individual who pays more noteworthy or bigger gifts subjected to the more prominant tax rate.

Regressive tax - a better percent of tax is charged at lower stages

Progressive tax - a better percent of tax is charged at higher degrees

proportional or flat tax - the identical percentage is charged at any degreea gift tax of 10% of the primary $one hundred,000 and 20% over $a hundred,000 could be progressive due to the fact the tax percent will increase because the present increases.

A regressive tax is a form of tax this is assessed no matter profits, in which low- and excessive-income earners pay the equal dollar quantity. This form of tax is a bigger burden on low-income earners than high-earnings earners, for whom the same greenback amount equates to a far larger percentage of general income earned.

A innovative tax is characterized through a greater than proportional rise inside the tax liability relative to the growth in profits, and a regressive tax is characterised by means of a less than proportional rise in the relative burden.

Learn more about tax here:-brainly.com/question/26316390

#SPJ4

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B. The call price of the bonds
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You sell used cars. The best car on your lot has 100,000 miles on it. How could you describe this car to a prospective buyer to
MArishka [77]
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3 years ago
Suppose a wealthy French citizen buys $2 million worth of stock issued by an American corporation. The American firm uses the pr
Aleks04 [339]

Answer: 1. Portfolio

2. • Protecting property rights and enforce contracts.

• Providing tax breaks and patents for firms that pursue research and development in health and sciences.

3. All of the above

Explanation:

1. Since the wealthy French citizen buys $2 million worth of stock issued by an American corporation and the American firm uses the proceeds for a factory expansion, then this is considered to be an example of foreign portfolio investment in the United States.

2. The policies that are consistent with the goal of increasing productivity and growth in developing countries include:

• Protecting property rights and enforce contracts.

• Providing tax breaks and patents for firms that pursue research and development in health and sciences.

3. The possible outcomes of rapid population growth include a reduction in the human capital per worker, a reduction in capital per worker and an increase in technological knowledge. Therefore, the answer is all of the above.

8 0
3 years ago
Which of the following is considered a "diversified" investment?
podryga [215]

Answer:

C. Both of these( index and mutual funds)

Explanation:

Index funds and mutual funds are examples of diversified investments. In other words, there are portfolio investments. They combine stocks of different companies to form one unit of an investment basket. By purchasing one unit of a diversified portfolio, the investor buys a basket of shares with a single transaction.

Mutual funds are actively managed, whereas Index funds are passively managed. It means mutual funds have a fund manager who manually selects the stocks that will go into the portfolio. An index fund is a portfolio of securities designed to track the price movement of a financial market index. Index funds are less expensive investments than mutual funds because they do not require the services of a professional fund manager.

4 0
3 years ago
Accounts receivable in the amount of $910,000 were assigned to the Fast Finance Company by Sheffield, Inc., as security for a lo
MrRissso [65]

Answer:

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Explanation:

The journal entries are as follows

1. Cash $748,800

  Interest expense $31,200     ($780,000 × 4%)

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(Being the cash received is recorded)

2. Cash Dr $507,000

        To Account receivables $507,000

(Being the collection is recorded)

3. Note payable $507,000

  Interest expense  $2,600               ($780,000 × 4%  × 1 month ÷ 12 month)

          To Cash $509,600

(Being the note payable and the interest expense is recorded)

6 0
3 years ago
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