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Consumer consumption was encouraged by the extensive use of advertising and the use of <span>the installment plan</span><span> a practice that allowed a product to be purchased using credit provided by the retailer.</span>
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.
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Barney appears to be very impressed by the candidate's non-verbal communication skills.
Answer:
straight land contract
Explanation:
Based on the information provided within the question it can be said that the type of contract that is being illustrated in this scenario is a straight land contract. This is a contract where the interest cannot be overrided and payments are not specific, meaning that you can go paying the contract off little by little but the interest will adjust accordingly.
Answer:
a. cost of debt
Explanation:
The formula to compute the weighted average cost of capital is shown below:
= Weightage of debt × cost of debt × ( 1- tax rate) + (Weightage of preferred stock) × (cost of preferred stock) + (Weightage of common stock) × (cost of common stock)
Since the payment for the dividend is not entitled to a tax deduction but the payment for interest is entitled to a tax deduction. And, the after-tax is considered for the cost of debt and the same is shown in the formula above
