The type of taxation this table represents is option B Progressive Tax.
What are the type of Taxation?
There are mainly four types of Taxes, these are Regressive, progressive, Indirect, and Proportional. In the given question, the Progressive Taxation system is represented.
A Progressive Taxation system is one where companies which have lower income have lower tax rate in comparison to big companies. In the given question, the company which have the lowest income is giving 10% of total income, while the largest company is giving 20% of their income.
Learn More about Taxation System here:
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Answer:
FV= $6,124.46
Explanation:
Giving the following information:
You plan to save $1,400 for the next four years, beginning now, to pay for a vacation. If you can invest it at 6 percent annually,
Annual deposit= $1,400
Number of periods= 4 years
Interest rate= 6%
<u>To calculate the future value, we need to use the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {1,400*[(1.06^4) - 1]} / 0.06
FV= $6,124.46
The domestic variety is cheaper because there is no import duties or no charges imposed on it because of the import from other countries.
<u>Explanation:</u>
A country produces a lot of goods and services in it's own economy using the resources which are present in it's own country. But the goods and the services that are not available in the country but are demanded by the citizens of the country are imported from other countries.
When these goods and services are imported from other countries then there is an imposition of duties or taxes on those goods making the charges of those goods high. With the transportation of the goods from one country to the other, then also some cost is imposed on the good. This increases the cost or the price of the good.
The right answer is none of the above, its Bonds payable.
