<u>Answer:
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By observing the graph, it can be said that the first half of the graph illustrates a progressive tax.
<u>Explanation:
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- The tax in the first half of the graph ranges from the lowest 20% to the fourth 20%.
- In this range, it can be seen that for every income group, the total effective tax rate has increased considerably at every new stage.
- The tax rate has increased by approximately 3 to 4 percent every time.
Answer:
Jean-Jacques Rousseau
Explanation:
The theory of participatory democracy was developed by Jean-Jacques Rousseau; a genevan philosopher, writer and composer, known for his text titled "The Social Contract".
This theory was later promoted by J.S. Mill and G. D. H. Cole, who argued that political participation is a requisite for the realization of a just and balanced society.
Participatory democracy itself, is a term, that describes the tendency, to ca for more involvement of citizen participation, and greater political representation in the affairs of government activities than traditional representative democracy.
high key I need help with this question
Explanation:
Legislature is a word that comes from the Latin language, meaning "those who write the laws." A legislature is therefore a group of people who vote for new laws, for example in a state or country.
Answer: Ultramares corporation v. Touche established Ultramares doctrine. Hochfelder v. Ernst & Ernst ruled that scienter is required before CPAs can be held liable.
Explanation:
All the options except the above are true. Ultramares corporation v. Touche did establish the Ultramares doctrine.
United States v. Natelli sentenced two CPAs to prison for a year, in addition to fines, for violating the Securities Exchange Act of 1934.
Bily v. Arthur Young did not uphold the restatement doctrine. The restatement doctrine restatement doctrine makes an auditor liable to people who rely on the quality of his work be they his clients or third parties. Two high courts ruled that auditors are not liable to third parties who use their work but only to the party that contracted their work.
However, Hochfelder v. Ernst & Ernst ruled that an allegation of scienter (an intention to deceive) is not required before CPAs can be held liable as long as the actions constitute actual deception.
While rule 10b-5 of the Exchange Act states the presence of scienter as a requirement to commit an offense, the court ruled against the statute by eliminating the Scienter clause from criminal statute and ruled against Ernst & Ernst.
