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2 years ago

What term is used when those who benefit most from the stadium bear the highest tax burden?

Business

1 answer:

defon2 years ago

6 0

Progressive Tax is used when those who benefit most from the stadium bear the highest tax burden.

<h3>What is Progressive Tax?</h3>

Progressive taxes are levied at a higher rate as the taxable amount rises. When a tax rate progresses from low to high, it is said to be progressive.
As a result, a taxpayer's average tax rate is lower than their marginal tax rate. The phrase can be used to describe both individual taxes and an entire tax system.
Progressive taxes are implemented in an effort to lessen the impact of taxes on those who have a lower ability to pay because they gradually shift the incidence to those who have a higher ability to pay.
Regressive taxes, like sales taxes, are the antithesis of progressive taxes since they require the poor to contribute a higher percentage of their income than the wealthy.

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Henry Edwards was injured in an accident caused by another driver who did not have insurance. Henry's medical expenses would be

balu736 [363]

The correct answer is option D, uninsured motorists protection

In the uninsured motorists protection, an individual gets medical insurance who has faced accident due to low liability of the driver (or any person driving the car) to meet the expenses of the accident as he was not having insurance

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3 years ago

In an imaginary economy, consumers buy only razors and cologne. The fixed basket consists of 6 razors and 4 bottles of cologne.

Hitman42 [59]

Answer:

The answers are:

The CPI for 2009 is 100 (since it is the base year)
The CPI for 2010 is 129.17
The inflation rate for 2010 is 29.17%

Explanation:

<u>CPI basket for 2009</u>

6 razors x $20 per razor = $120
4 bottles of cologne x $30 per bottle = $120

The total value of the CPI basket for 2009 is $240

<u>CPI basket for 2010</u>

6 razors x $25 per razor = $150
4 bottles of cologne x $40 per bottle = $160

The total value of the CPI basket for 2010 is $310

The CPI for 2009 is 100, since it is the base year
The CPI for 2010 = (CPI basket 2010 / CPI basket 2009) x 100 = ($310 / $240) x 100 = 129.17
The inflation rate for 2010 = [(CPI basket 2010 / CPI basket 2009) - 1] x 100 = (1.2917 - 1) x 100% = 29.17%

3 0

3 years ago

What is the distinction between sales allowances and sales discounts?

kiruha [24]

A sales return occurs when a customer returns merchandise for a refund. A sales allowance is when they keep the problematic item but you reduce the price for them. If customers purchase with credit and make an early payment, a sales discount is a price reduction.

A sales discount is a price decrease that the seller offers in exchange for the buyer paying the vendor in full and on time. This strategy is frequently applied when a seller needs money right away.

A sales discount is a lower price that a company offers on a good or service. Find out how to add discounts to invoices. A sales discount, usually referred to simply as a "discount," offers clients of a business a lower price on one or more of the goods or services being provided.

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1 year ago

Tucker's Trucking is considering a project with a discounted payback period just equal to the project's life. The projections in

attashe74 [19]

Answer:

Total units will be 8845 units

So option (E) will be the correct option

Explanation:

We have given fixed cost = $81000

Operating cash flow = $16300

Let there are x units

We know that operating cash flow = Revenue - cost

So $$16300=27\times x-16\times x-81000$

$11x=97300$

x = 8845 units

So option (E) will be the correct option

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3 years ago

Angorasia, an Asian country, supports a free market system. The flexible economy of the country makes it fairly easy for new sel

skelet666 [1.2K]

Answer:

The correct answer is letter "C": consumerism.

Explanation:

Consumerism is the approach stating that only individuals' demand for goods and services should drive the economy. This idea departures from the belief that an increase in consumption leads to an increase in production, thus, the overall economic growth.

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4 years ago