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melisa1 [442]
1 year ago
5

Which, if any, of the following taxes are regressive (rather than progressive)? a.state general sales tax b.federal gift tax c.f

ederal estate tax d.federal individual income tax
Business
1 answer:
denpristay [2]1 year ago
6 0

State General Sales Tax is regressive.

<h3>What is a regressive tax?</h3>

A tax that is administered equally and is regressive takes a bigger percentage of revenue from low-income earners than it does from high-income earners. It is opposed to a progressive tax, which levies higher rates against high-income taxpayers.

Because it is imposed consistently in all circumstances, regardless of the taxpayer, a regressive tax has a greater negative impact on low-income individuals than on high-income individuals. Taxing everyone the same may be fair in some circumstances, but it is viewed as unfair in others. Because of this, the majority of income tax systems use a progressive schedule that taxes high earnings at a higher percentage rate than low earners, while other types of taxes are imposed consistently. Although the United States has a progressive tax system for income tax, which means that people with higher incomes pay a higher percentage of taxes each year compared to people with lower incomes, we do pay other levies that are regarded as regressive taxes. State sales taxes, user fees, and to a certain extent, property taxes are a few of them.

Thus, it is the General sales tax that is also considered a Regressive Tax.

For more information on regressive tax, refer to the given link:

brainly.com/question/9373731

#SPJ4

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To be successful, the funniness in a humor appeal should be:
lesya692 [45]

Answer:

I go with D looking at the target of the ad might help sorry if it makes no scence

6 0
3 years ago
Suppose that Jane enjoys Diet Coke so much that she consumes one can every day. Although she enjoys gourmet cheese, she consumes
PilotLPTM [1.2K]

Answer:

The correct answer is option b.

Explanation:

Jane enjoys Diet Coke so much that she consumes one can every day.

She likes gourmet cheese as well but she consumes it sometimes.  

If the price of Diet Coke rises, Jane decreases her consumption by only a very small amount.  

But if the price of gourmet cheese rises, Jane decreases her consumption by a lot.  

This is because, for Jane, diet coke is a necessity but cheese is a luxury good. So, when price increases the demand for diet coke will decrease by a little amount and demand for cheese will decrease by a great amount.

3 0
3 years ago
The following accounts and balances are taken from Anstett Company's adjusted trial balance:
SVEN [57.7K]

Answer:

D. $18,040

Explanation:

Given the above information,

Total revenue = Interest revenue + Service revenue

= $1,340 + $37,800

= $39,140

Total expenses = Depreciation expense + Insurance expense + Salary expense

= $1,800 + $2,300 + $25,100

= $29,200

Net income = Total revenue - Total expenses

= $39,140 - $29,200

= $9,940

Therefore,

Ending retained earning balance = Beginning retained earnings + Net income - Dividends

= $10,100 + $9,940 - $2,000

= $18,040

7 0
3 years ago
The first step a domestic firm takes when entering an international arena is usually to create an international division.
DanielleElmas [232]

If this is a true/false question, the answer is FALSE. Usually creating an international division comes after some time and the international ventures have gotten a foothold in the respective country.

5 0
3 years ago
The highest amount a landlord can charge for rent is an example of
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The answer is B it’s not a at all I hope I helped you and good luck
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4 years ago
Read 2 more answers
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