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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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Harry goes to the local Staples store to purchase a laptop computer. He asks many questions of the salesclerk, compares various
zimovet [89]

Answer: Suggestive selling

Explanation: the recommendation to purchase an extended warranty service in addition to the purchase of a laptop computer by the salesperson is an example of suggestive selling. It is a form of stimulus-response presentation involving suggesting an initial or an additional purchase (the extended warranty). It is also known as add-on selling or upselling and is used to increase the purchase amount of the buyer thus increasing revenue of the store.

3 0
3 years ago
A corporate CEO wished to relay good news about the prospect of a new technology being created, but was reluctant to do so. Inst
borishaifa [10]

Answer:

Information signaling

Explanation:

Information signalling is defined as the various actions a firm takes that communicates it's financial outlook. For example if a firm releases a dividend policy it communicates the value of the firm's stock.

In this scenario the CEO announced increase in the firm's dividend. This will convey to investors that the company has a competitive advantage which will result in additional income, so dividends are being raised.

It is an indirect way of announcing good news about the prospect of a new technology being created.

7 0
3 years ago
During the annual Black Friday Sale, The OLX sold a pair of ski boots, regularly priced at $245.00, at a discount of 40%. The bo
ratelena [41]

Answer: $147

Explanation:

First find what 40% of $245.00 is:

= 40% * 245

= $98.00

The boots are sold at a discount of 40%. This means that 40% - which is $98 - was deducted from the value.

The selling price is therefore:

= 245 - 98

= $147

7 0
2 years ago
âas an individual consumes more of a given good or service, the marginal utility of that good to the consumer likely:
Ilya [14]
Answer:  " DECREASES" .___________________________________
4 0
3 years ago
Name any TWO markets within the four-sector circular flow model​
user100 [1]

Answer:

The circular flow model shows the interaction between two groups of economic decision-makers―households and businesses―and two types of economic markets―the market for resources and the market for goods and services.

4 0
2 years ago
Read 2 more answers
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