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masya89 [10]
3 years ago
14

The United States has a regressive tax system. True False

Business
2 answers:
defon3 years ago
8 0

The Correct answer is False

LenKa [72]3 years ago
5 0

Answer: False

Explanation:

 The given statement is false as, the united state basically has the progressive tax system rather than regressive tex system. The regressive tax is the type of system in which the average rate of the tax are get decreases with the amount of the tax.

The progressive tex system is used in the united state as compared to the regressive tax as the progressive tax has the large percentage of the income tax.

Therefore, the regressive tax system is not used in the united state.

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Bob is training for a triathlon, a timed race that combines swimming, biking, and running.Consider the following sentence: Bob h
madam [21]

Answer:

B) People face trade-offs

Explanation:

A trade-off happens when you have to balance two (or three in this case) opposing situations. In economics all resources are scarce, and time is the only resource that everyone shares equally. Bob is facing opportunity costs, i.e. if he chooses to train one activity he cannot train the other.

Bob has to decide how to divide the time he can spend training. If he chooses running, he can´t swim or ride a bike. So he has to balance the time spent on each activity, probably depending on which sport he needs to train the most.

6 0
3 years ago
Balthazar Corporation has total assets of 582, total equity of 269, and a return on equity of 13.98%. The ROA for Balthazar is__
nexus9112 [7]

Answer: 6.46%

Explanation:

Return on Assets (ROA) = Net Income / Total Assets

Net Income = Return on Equity * Total Equity

= 13.98% * 269

= 37.6062‬

Return on Equity = 37.6062‬/582

= 0.0646

= 6.46%

3 0
3 years ago
The baldwin company has just issued $7,235,640 in dividends last year. the effect of this payment on the balance sheet is
nirvana33 [79]
<span>The effect is a decrease of $7235,640 in the company's retained earnings and cash balance, resulting in a decrease in assets and equity. Before the dividend is actually paid out, the balance sheet will show a debit to its retained earning account of $7,235,640 and a credit to the dividends payable account of $7235,640. After the dividends are paid, the dividend payable account is credited and the dividends payable account is debited in the same amount, and these accounts are no longer shown on the balance sheet.</span>
8 0
3 years ago
Appellate courts do not have to hear all of the cases they are presented.<br> True<br> False
frutty [35]
It's false! They have to hear all of them
5 0
3 years ago
Rose has a $20,000 basis in the 60% of the Parent Corporation stock that she owns. Parent Corporation owns a 70% interest in Chi
Degger [83]

Answer:

The answer is: Rose will be taxed as receiving a $15,000 dividend distribution.

Explanation:

Since Parent Corporation owns 70% of Child Corporation, for tax purposes they are considered as one single firm. Rose is the main stockholder of Parent Co. so for tax purposes she is also a stockholder in Child Co. When Child Co. gives her $15,000 in exchange for Parent Co. stock, this would be considered as a dividend distribution rather a stock sale.

7 0
3 years ago
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