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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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Information from the records of the Abel Corporation for July 2018 was as follows:

artcher [175]

Answer:

a. $969,000

Explanation:

Calculation for what The total product cost is

TOTAL PRODUCT COST

Direct Material Used $264,000

Direct Labor $300,000

Factory Overhead $405,000

Total Product Cost $ 969,000

($264,000+$300,000+$405,000)

Therefore The total product cost is $ 969,000

7 0

3 years ago

Frank is a board member at Lofloy Greens Inc.,a publicly traded company.In addition to his duties on the board,Frank is also a f

babunello [35]

Answer: C) Frank is an outside director on Lofloy's board of directors.

Explanation:

As Frank has a full time employment position as a senior manager at Spinson Locomotives, he is most likely an outside director on Lofloy's board of directors.

Outside directors are those members of the board in a company that are not employed by the company which Frank isn't.

Outside directors like Frank are thought to be more impartial in decision making and for this reason companies are usually required to have a certain number of them sitting on the board.

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3 years ago

You can see that you have hundreds of visitors to your website each month. You are using web analytics software to find why this

exis [7]

The web page content is not engaging enough, and poor marketing campaigns

7 0

3 years ago

You are considering an investment in fields and struthers, Inc, and want to evaluate the firm's free cash flow From the income s

kirill [66]

Answer:

A.) $81,100,000

B.) $64,000,000

C.) $17,100,000

Explanation:

EBIT = $90 million

Tax rate = 21%

Depreciation = $10 million

gross fixed assets increased by $56 million

current assets increased by $44 million

current liabilities increased by $36 million

A.) Operating Cash flow for 2021

EBIT + Depreciation - (EBIT × Tax rate)

$90, 000,000 + 10,000,000 - (90,000,000×0.21)

100,000,000 - (18,900,000) = $81,100,000

B.) Investment in Operating capital for 2021:

Increase in gross fixed asset + (increase in current asset - increase in liability)

$56,000,000 + ( $44,000,000-$36,000,000)

= $56,000,000 + $8,000,000

= $64,000,000

C.) Free cash flow

Operating Cash flow - investment in operating

$81,100,100 - $64,000,000 = $17,100,000

3 0

3 years ago

Historically, a factory has been able to produce a very specialized nano-technology component with 35% reliability, i.e., 35% of

pochemuha

Answer:

Yes

Explanation:

From the given output

The Probability of getting 13 or more passed

when the reliability = 0.35. can be calculated as follows

=0.0258+0.0109+0.0039+.0012+0.0004 = 0.0422 ≈ 4.2%

Since the probability is less than the 5% level we will therefore reject the Null hypothesis

answer : YES

5 0

3 years ago