3 years ago

Tax rates that place more of a burden on low-and middle-income taxpayers than on wealthier taxpayers are called ______________.

Business

1 answer:

alexgriva [62]3 years ago

5 0

Answer:

Regressive tax

Explanation:

Regressive tax is a form of tax that taxes lower and middle income individuals a higher rate than high income individuals.

Progressive tax is a form of tax that taxes high income individuals a higher rate when compared to low and middle income individuals.

Proportional tax is a type of tax where the same tax is paid irrespective of level of income.

I hope my answer helps you

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Answer:

$11,215.24

Explanation:

After retirement:

Annual Withdrawal = $100,000

Period = 20 years

Annual Interest Rate = 7%

Amount required at retirement = $100,000 * PVIFA(7%, 20)

Amount required at retirement = $100,000 * (1 - (1/1.07)^20) / 0.07

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Before retirement:

Period = 30 years

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So, you should contribute $11,215.24 each year into your retirement fund.

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3 years ago

Select the correct answer. Which term describes the ability to use different types of reasoning for different situations and ana

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3 years ago

Lohn Corporation is expected to pay the following dividends over the next four years: $16, $12, $11, and $7.50. Afterwards, the

andreev551 [17]

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Current share price =$77.81

Explanation:

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