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guajiro [1.7K]
1 year ago
6

if government tax policy requires peter to pay $15,000 in tax on annual income of $200,000 and paul to pay $10,000 in tax on ann

ual income of $100,000, then the tax policy is:
Business
1 answer:
serg [7]1 year ago
8 0

If government tax policy requires peter to pay $15,000 in tax on annual income of $200,000 and Paul to pay $10,000 in tax on annual income of $100,000, then the tax policy is: <u>regressive.</u>

<h3>What is tax ?</h3>
  • Taxes refer to a mandatory contributions collected by  government agencies from businesses.
  • Tax revenues fund government activities, such as public works and services such as roads and schools, and programs such as Social Security and Medicare.
  • Collecting taxes and fees is a fundamental way  to generate public revenues that enable countries to fund investments in human capital, infrastructure, and the provision of services to citizens and businesses. .
  • Derived from the Latin taxare, meaning "to assess".
  • Prior to that,  the related word "task" was used in English from Old French.
  • For some time both "tasks" and "taxes" were  in common use, the former requiring labor and the latter requiring money.
  • "Control" then came to mean tiring or challenging.

To learn more about tax from the given link :

brainly.com/question/16423331

#SPJ4

<u />

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3 years ago
Walt has a $300,000 listing at 8% commission. An agent from another firm sold the listing. Walt has a 70% commission split with
erastovalidia [21]

Answer:

$8,400

Explanation:

total commission = $300,000 x 8% = $24,000

50% co-brokerage split = $24,000 x 50% = $12,000

Walt's commission = $12,000 x 70% = $8,400

the 70% commission split between Walt and his broker means that Walt keeps 70% of the commission and the broker keeps 30%.

total commission is split between the two firms because the Walt's listing was sold by another firm.

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3 years ago
7. As you track your progress, you'll act, observe, adjust, and then
IRISSAK [1]

Answer:

A. Act Again

Explanation:

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During the observation process, you'll notify the things that can either become a hindrance or improvement to your operation. During the adjustment process, you'll eliminate the hindrance and add the things that can become the improvement into the plan.

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3 years ago
Which property of an object describes how easily electricity travels trough it?
MaRussiya [10]
The conductivity of the object
7 0
3 years ago
A real estate agent is considering changing her cell phone plan. There are three plans to choose from, all of which involve a mo
Anni [7]

Answer:

req 1)

Plan A

0.42 x 150 + 0.17 x 70 = 74.9

Plan B

0.52 x 150 + 0.15 x 70 = 88.5

Plan C  $80

req 2)

from 0 to 190 minutes Plan A

from 191 and beyond Plan C

req 3)

the proportion should be 1/6 daycalls and 5/6 evenings

Explanation:

150 day calls

70 minutes evening calls

Plan A

0.42 x 150 + 0.17 x 70 = 74.9

Plan B

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Plan C  $80

2) A will be preferable to B as it has the lower cost

now at some point C will be better as the cost is a flat rate

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3) 0.42X + 0.17Y = 0.52X + 0.15Y

a minute of daycall is 10 cent higher in plan B

while a minute of evening call is 2 cent lower

thus, to balance there was to be 5 times more evening call than day times:

1:5 1 + 5 = 6

the proportion should be 1/6 daycalls and 5/6 evenings

8 0
3 years ago
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