1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ilya [14]
3 years ago
12

If you were in charge of developing a tax system for a country, how would you structure taxes? For example, who should pay the g

reater percentage of taxes? What should taxes be used for?.
Business
2 answers:
pshichka [43]3 years ago
8 0
As far as the percentage is considered there are 3 system progressive, regressive and proportional, progressive is good as rate of tax increases as income increases...taxes can be used for long term development projects which will eventually be fruitful for the economy...but then again this is an open ended question so the answer varies economy to economy's situation <span>
</span>
poizon [28]3 years ago
6 0
There are 3 systems as far as considering the percentage, they are progressive, regressive and proportional, progressive is good as the rate of tax increases proportionally as the income increases...taxes can be used for long term development projects which will eventually be fruitful for the economy.
You might be interested in
If during the current year, liabilities of hayden travel decreased by $50,000 and owners' equity increased by $75,000, then:
lara [203]
The answer is "then <span> assets increased during the year by $25,000".

</span><span>liabilities of Hayden travel decreased by = $50,000 
</span><span>owners' equity increased by = $75,000
</span>assets increased during the year = $75,000 - $50,000
= $25,000
3 0
3 years ago
Franchising is a contractual agreement between a firm, the franchisor, and another firm or individual, known as the ______.
xxTIMURxx [149]

Franchising is a contractual agreement between a firm, the franchisor, and another firm or individual, known as the franchisee.

8 0
2 years ago
"during its first year of business, xyz inc. purchased $1,600 of supplies. by the end of the year, only $500 of supplies remain
algol [13]

The correct answer is $500.

An adjusted trail balance is prepared at the end of the accounting period. On this statement you will have what the value of the supplies in inventory is on the last day of the accounting cycle. In this example there are $500 worth of supplies left, which is why it is the correct answer.

6 0
3 years ago
Cody Mountain Sports is an outdoor sporting goods guiding service located in northern Wyoming. Cody Mountain Sports (CMS) primar
saveliy_v [14]

Answer:

Cody Mountain Sports (CMS)

T-accounts:

Cash

Date       Account Titles               Debit    Credit

Mar. 1     Common Stock       $100,000

Mar. 1     Prepaid Insurance                     $1,200

Mar. 4    Service Revenue       20,000

Mar. 19  Vehicle Expenses                       1,000

Mar. 22 Accounts Receivable  3,000

Mar. 24 Rent Expense                            4,000

Mar. 27 Salaries Payable                         1,000

Mar. 31 Cash dividends                          2,500

Accounts Receivable

Date       Account Titles               Debit    Credit

Mar. 15   Service Revenue       $3,000

Mar. 22  Cash                                          $3,000

Prepaid Insurance

Date       Account Titles               Debit    Credit

Mar. 1     Cash                             $1,200

Salaries Payable

Date       Account Titles               Debit    Credit

Mar. 18   Salaries Expense                     $10,000

Mar. 27  Cash                             $1,000

Common Stock

Date       Account Titles               Debit    Credit

Mar. 1     Cash                                       $100,000

Service Revenue

Date       Account Titles               Debit    Credit

Mar. 4    Cash                                         $20,000

Mar. 15  Accounts Receivable                   3,000

Salaries Expense

Date       Account Titles               Debit    Credit

Mar. 18   Salaries Payable        $10,000

Vehicle Expense

Date       Account Titles               Debit    Credit

Mar. 19   Cash                             $1,000

Rent Expense

Date       Account Titles               Debit    Credit

Mar. 24  Cash                             $4,000

Cash Dividends

Date       Account Titles               Debit    Credit

Mar. 31   Cash                           $2,500

Explanation:

a) Data and Analysis:

Mar. 1 Cash $100,000 Common Stock $100,000

Mar. 1 Prepaid Insurance $1,200 Cash $1,200

Mar. 4 Cash $20,000 Service Revenue $20,000

Mar. 15 Accounts Receivable $3,000 Service Revenue $3,000

Mar. 18 Salaries Expense $10,000 Salaries Payable $10,000

Mar. 19 Vehicle Expenses $1,000 Cash $1,000

Mar. 22 Cash $3,000 Accounts Receivable $3,000

Mar. 24 Rent Expense $4,000 Cash $4,000

Mar. 27 Salaries Payable $1,000 Cash $1,000

Mar. 31 Cash dividends $2,500 Cash $2,500

6 0
3 years ago
Asa works as an order-taker at Simply Salads, a fast-food restaurant. He does not cook food, or even package the final order, bu
Softa [21]

Answer:

Hierarchical organizational structure

Explanation:

Hierarchical organizational structure is the type of organization structure where the level of management are divided according to function and services they are performing.

though, the level of management is divided into top level management (the planning executives: boards of member, executives, shareholders), middle (determined how the plan and organization goal will be implemented: managers) and lower level (implement the plan: the supervisor, foreman or shift manager), then will have the workers.

this management system involves decision and authority being transfer from level to level.

in the case: Asa is in the worker level, while her shift manager is in the lower level and general manager is in the middle level.

6 0
2 years ago
Other questions:
  • You have $12,000 to invest and would like to create a portfolio with an expected return of 9.75 percent. You can invest in Stock
    11·1 answer
  • A firm's good reputation for quality customer service is categorized as its _____
    6·1 answer
  • Rachel's Designs has 1,000 shares of 6%, $50 par value cumulative preferred stock issued at the beginning of 2019. All remaining
    13·1 answer
  • Jeffery and Cassie, who are married with modified AGI of $90,000, are sending their son to his first year of college. Their tota
    5·1 answer
  • he demand for good X is given by QXd = 6,000 - (1/2)PX - PY + 9PZ + (1/10)M Research shows that the prices of related goods are
    13·1 answer
  • Devonshire, Inc. sold merchandise inventory on account at a price of $6,000 with payment terms of 2/10, n/30. The merchandise co
    9·2 answers
  • Why would OB scholars avoid general concept statements such as stating everyone wants an interesting​ job?
    13·1 answer
  • Roger's Meat Market is a chain of retail stores that limits its sales to fresh-cut meats. The stores have been very profitable i
    6·1 answer
  • The Fed can reduce the federal funds rate by a. decreasing the money supply. To decrease the money supply it could buy bonds. b.
    5·1 answer
  • 2. Happy Selling Company's salaries to sales agents amounted to Php 10,000. Salaries of accountants
    13·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!