1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
For every problem-solving activity it is crucial that no less than five alternatives be considered.
jok3333 [9.3K]

Answer:

true

Explanation:

beacause

5 0
2 years ago
What do you call an agreement made between different companies to charge the same amount for products?
aliya0001 [1]
The agreement made between different companies to charge the same amount for products or to not sell the products below a fixed price is known as <u>price-fixing.</u><u />

5 0
3 years ago
Read 2 more answers
Computers are typically protected from viruses by the use of
attashe74 [19]
They are protected by the used of a firewall. 
6 0
3 years ago
Read 2 more answers
What is Advertising , according to the American Marketing Association​
Alexus [3.1K]

American Marketing Association recognizes the term advertising as – any paid form of non- personal presentation and promotion of ideas, goods and services by an identified sponsor. ... Advertising is a non-personal form of communication because it uses mass media forms.

5 0
2 years ago
Pat used to work as an aerobics instructor at the local gym earning $35,000 a year. Pat quit that job and started working as a p
Svetlanka [38]

Answer:

B. $34,000; -$1,000

Explanation:

Accounting profit equals total revenue minus explicit costs. Here,

$50,000 - $12,000 - $1,000 - $3,000 = $34,000.

Economic profit equals total revenue minus the sum of both explicit and implicit costs. Here,

$50,000 - $12,000 - $1,000 - $3,000 - $35,000 = -$1,000

4 0
3 years ago
Other questions:
  • Portable Pet Care, Inc., a mobile veterinary clinic, is planning for the future. The company owners (two seasoned veterinarians)
    10·1 answer
  • ​"a special arrangement of machinery and equipment to focus on production of a single product or group of related​ products" des
    8·1 answer
  • CraftWorks employed three different salespeople last year. Person 1 earned
    10·1 answer
  • Assume the following: Sales = $400M; Net Income = $60M; TA = $350M; and there is $0.50 in total debt per dollar of total equity.
    9·1 answer
  • Below are transactions for Wolverine Company during 2021.
    13·1 answer
  • What are the necessary capital investments for starting a free-range poultry farm?
    12·1 answer
  • Sarah's optimism is both a contributor to and a product of her successful career accomplishments. This best illustrates self-ser
    15·1 answer
  • Major Corp. is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annu
    7·1 answer
  • What does it mean to be a good economic citizen
    8·1 answer
  • Give two examples of products sold in perfectly competitive markets and two examples of products sold in monopolistically compet
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!