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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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Why is does school last so long?
shusha [124]
WE need School to be smart, if without school, no one would be able to become great people, look at the actors, famous people, where did they start off at??
Of course, school!!
another thing:
why does it last so long like 7 hours?
well, simple:
what would you do without school at home? i doubt you would be doing school work, or something related. 
you'd watch TV, games, etc. 
TO keep our minds concentrated on our life of educating, we keep working our brains out in school. 
Hope this helped !=)
7 0
3 years ago
Read 2 more answers
Crystal Charm Company makes handcrafted silver charms that attach to jewelry such as a necklace or bracelet. Each charm is adorn
Arturiano [62]

Answer and Explanation:

The computation is shown below:

1.

Direct Material Price Variance = Actual material cost - Actual Quantity × Standard Price

For Silver

= $13848 - 577 × 23

= $577 (U)

For Crystal

= $2926 - 7700 × 0.40

= $154 (F)

Direct Material Quantity Variance = (Actual Quantity - Standard Quantity) × Standard Price

For Silver

= (577 - 1530 × 0.40) × 23

= $805 (F)

For Crystal

= (7700 - 1530 × 5) × 0.40

= $20 (U)

2.

Direct Labor Rate Variance = Actual Cost - Actual Hours × Standard Rate

= $36915 - 3210 × 12

= $1605 (F)

And,

Direct Labor efficiency Variance = (Actual hours - Standard hours) × Standard Rate

= (3210 - 1530 × 2) × 12

= $1800 (U)

6 0
2 years ago
The cost of perpetual preferred stock is found as the preferred's annual dividend divided by the market price of the preferred s
VikaD [51]
Answer: A


Preferred share dividends are distributions of profits and not interest payments. Thus not tax-deductible.
5 0
3 years ago
You are a student at ABC University. You recently read in the school's daily newspaper about a terrific investment opportunity t
Vlada [557]

Answer:

No

Explanation:

An investment that "promises" a 44 percent annual return is most likely a scam, because even the riskiest stocks rarely yield annual returns higher than 10% of the initial investment.

Besides, the option is described as very complicated, and you as a potential investor do not understand it well, which is a very difficult position to be in because it could even lead you to being scammed without realizing.

4 0
3 years ago
A ____ is a graph of decisions and their possible consequences.
Free_Kalibri [48]

decision tree

Explanation :

A decision tree is a graph of decisions and their possible consequences; it is used to create a plan to reach a goal. Decision trees are used to aid in making decisions.

6 0
3 years ago
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