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Molodets [167]
3 years ago
14

Brianna and Jess live in Taxland, which only has one tax, an income tax. Both Brianna and Jess pay $1,000 in taxes each year but

Brianna earns $20,000 and Jess earns $10,000. From this information, you can infer that the tax system is:_______. a) regressive. b) equitable. c) proportional. d) progressive.
Business
1 answer:
NemiM [27]3 years ago
5 0

Answer: A. Regressive

Explanation: Regressive tax system is a system whereby people with lower income pay a higher tax than people with higher income. This is because the tax rates are applied uniformly to everyone, not taking into consideration how much one person makes in relation to another.

In the scenario given in the question above, we see that Jess pays higher than Brianna. This is because the tax rate is a flat fee of $1,000. Now, deducting this amount from the income of Jess and Brianna, we see that Jess is left with $9,000, while Brianna is left with $19,000.

Therefore, Jess has actually paid more tax than Brianna.

This system is the opposite of Progressive tax, where people are taxed based on their income. Simply put, the higher an individual earns, the higher they will pay in taxes.

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A much-used and potent managerial tool for determining whether a company performs particular functions or activities in a manner
Romashka [77]

Answer:

The correct answer is letter "E": benchmarking.

Explanation:

Benchmarking is a continuous process by which products, services or work processes of leading entities are taken to be compared to our company so after the analysis improvements can be made and implemented. Benchmarking is defined as the model of excellence from which the "best practices" can be obtained in favor of our own company.

8 0
3 years ago
The primary difference between product markets and factor markets is that
Dennis_Churaev [7]

Answer:

The primary difference between product markets and factor markets is that:

Product markets are markets related to products, goods, tangible finished items.  This is where you'll get your product for sale and where people will buy it.

while

Factor markets are for the factors of production, mostly intangible, like labor, capital and entrepreneurial skills.  This is what you'll use (including raw materials) to make your product.

7 0
3 years ago
A market system tends to restrict business risk to owners and investors. This results in which of the following benefits?
In-s [12.5K]

Answer: d)Firms have to pay more to attract inputs, as these inputs have to share the risk.

Explanation: When the market system tries to put restriction on the business risk to owner and other investors , the firms have to give more payment to attract them to market business.

The chances of risk have have to be shared by both the parties so the owners or investors are going to indulge in the business when they gain some benefit e.g.-more payment.

Other options are incorrect because entrepreneurship will not be encouraged through this process. Incomes will not be distributed equally and neither the prudent risk management will be aimed.Thus, the correct option is option(d).

7 0
2 years ago
why do many blame high administrative costs as a main contributor to the high cost of healthcare in the us?
Sergio [31]

The bloated Medicare and Medicaid bureaucracy is highly inefficient.

What is bureaucracy?

A complex organization with multilayered systems and procedures is called bureaucracy. Effectively implemented systems and procedures slow down decision-making. They are intended to uphold control and homogeneity inside the company. The use of rules and procedures, whether verbal or written, to manage an organization is known as bureaucracy. In Weber's view, the ideal bureaucracy has a division of labor, a distinct hierarchy, many rules and regulations, and impersonal relations. Bureaucracies that many individuals frequently interact with include state bureaus of motor vehicles, health maintenance organizations (HMOs), financial lending institutions including savings and loans, and insurance firms.

To learn more about bureaucracy click on the given link:

brainly.com/question/27425468

#SPJ4

5 0
1 year ago
So its customers would not be lured by its competitors, wendy's decided to offer a 99-cent value menu to compete with the value
Alexandra [31]
This is an example of COMPETITION element of the immediate environment. 
In marketing, there are three elements of  consumers' immediate environment, these are: company, competition and corporate partners. These three elements works together and directly determine the performance of a company in a particular place. In the scenario given in the question, Wendy decided to offer the 99 cent value menu purposely to attract more consumers than its competitors.
6 0
2 years ago
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