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4 years ago

The united states has a regressive tax system. a. True b. False

Business

2 answers:

777dan777 [17]4 years ago

7 0

I think false is the answer

IRINA_888 [86]4 years ago

4 0

Answer:

The correct answer is option B. False.

Explanation:

The United States has a progressive tax system.

This means that <u>the percentage we must pay to the treasury (tax rate) increases while the amount of a taxable transaction, which includes a tax called VAT, also increases. </u>

That is, in The United States as you make more transactions that include VAT, you will have to pay more to the treasury.

While the regressive tax is quite the opposite, instead of applying a tax to those who have more income as in the previous case, those who have less income will end up paying more.

This does not mean that those who have less income will have a higher tax, but that everyone will receive the same tax equally, so if a person has low income and has to pay the same percentage as a person who has a lot of income, he will end up paying more.

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Last year Ann Arbor Corp had $250,000 of assets (which equals total invested capital), $305,000 of sales, $20,000 of net income,

Firdavs [7]

Answer:

8.32%

Explanation:

The computation of cost reduction improve the ROE is shown below:-

For computing the increase in ROE first we need to follow some steps which is here below:-

Debt = capital × Debt

= $250,000 × 37.5%

= $93,750

Equity = Assets - Debt

= $250,000 - $93,750

= $156,250

New ROE = New Net income ÷ Equity

= $33,000 ÷ $156,250

= 21.12%

Old ROE = Old Net income ÷ Equity

= $20,000 ÷ $156,250

= 12.8%

Increase in ROE = New ROE- Old ROE

= 21.12% - 12.8%

= 8.32%

8 0

3 years ago

Jabiru Corporation purchased a 20% interest in Fish Company common stock on January 1, 2013 for $300,000. This investment was ac

Vesna [10]

Answer:

$280,950

Explanation:

As for the information given:

Closing balance of investment on 31 December 2015 = $440,000

Now the following adjustments need to be made to calculate the balance as on 1 August 2016

Add: Share of income from Jan to Jul 2016 = $4,000 $\times$ 7 months $\times$ 20% = $5,600

Less: Dividend Received = $20,000 $\times$ 20% = $4,000

Less: Amortization of patent = $6,000/12 $\times$ 7 = $3,500

= $440,000 - $1,900 = $438,100

Since Jabiru sold half of its investment, thus, value of its half of the investment shall be:

$438,100/2 = $219,050

Sale value = $500,000

Thus, gain amount = $500,000 - $219,050 = $280,950

5 0

3 years ago

When the economy is at full employment,

satela [25.4K]

Answer:

The correct answer is (D)

Explanation:

Actual adjusted budget and cyclically adjusted budget are critical to obtain full employment in the economy. Although, it is quite difficult to achieve full employment rate, but if an economy achieves it, the actual budget is can be equal to cyclically adjusted budget. This means, an economy’s expenditures are exactly equal to spending. It can only be achieved when an economy's GDP is at full potential.

4 0

3 years ago

____________ is when suppliers allow a business to take possession of needed goods and pay for them at a later date or in instal

lys-0071 [83]

Trade credit

Small firms may be able to get finance in the form of trade credit from their suppliers. Suppliers enable the company to obtain the products and services it requires and pay for them later or in installments.

<h3>What is the meaning of trade credit?</h3>

A business-to-business (B2B) agreement known as trade credit allows customers to make purchases of goods without paying in cash upfront and to make payments to suppliers at a later date. Businesses that use trade credits typically give customers 30, 60, or 90 days to make payment, with the transaction being documented by an invoice.

Trade credit can be compared to a form of 0% financing because it increases an organization's assets while deferring payment for a certain amount of products or services to the future and requires no interest payments throughout the repayment period.

Learn more about trade credit here:

brainly.com/question/4503841

#SPJ4

5 0

2 years ago

Which of the following is an example of using physical capital to save time and money?

Vera_Pavlovna [14]

Expanding a factory.

4 0

3 years ago

Read 2 more answers