Answer:
i. is relatively more expensive to the poor than to the rich.
regressive
Explanation:
A sales tax is a tax on the consumption of goods and services levied by the government or an agency of the government.
There are three types of tax systems
1. Regressive tax system is a tax system where those that earn lower income pay more tax and those that earn higher income pay less tax.
2. A proportionate tax taxes everyone the same regardless of the amount earned.
3. A progressive tax is a tax structure where those who earn higher income are taxed more and those that earn less pay less amount of tax.
A sales tax is regressive.
This can be illustrated with an example.
Person A earns $100,000 while person B earns $1000. They both purchased a good and the sales tax paid was $50.
The proportion of sales tax to income for person A = 50 / 100,000 = 0.05%
The proportion of sales tax to income for person B = 50 / 1000 = 5%
It can be seen that the sales tax is relatively more expensive to the poor than to the rich. this is an example of a regressive tax
I think the correct answer from the choices listed above is option B. The two companies that rates and publish bonds are Moody's and Standard's and Poor. These companies had <span>maintained high level of credibility and their ratings are highly respected worldwide. Hope this answers the question.</span>
Answer:
Because different insurance networks provide seperate benefits. For example a health insurance provider would give you injury-related insurances etc.
Answer:
C. Debt service funds account for and report financial resources that are restricted, committed or assigned to expenditure for principle and interest for governmental debts except debt of proprietary and fiduciary funds who account for their own interest and principle payments.
Explanation:
Debt service funds are used to pay for principal and interest on certain types of debts. This reduced the risk of debt security that investors face and also reduces the effective rate at which the offering can be sold.
However debt service funds cannot be used for proprietary funds like 400 and 500.
Instead we use Enterprise funds for 400. That is operations similar to corporate enterprise. For example water and sewage utilities.
Internal service funds for 500 used by other funds or departments bin a government in a cost reimbursement basis. For example a food supplier that takes orders and is reimbursed for each order.
Answer:
C) Debt increases by more than cash dividends paid
Explanation:
Based on the information given the statements that is more likely based on the below calculation will be : DEBT INCREASES BY MORE THAN CASH DIVIDENDS PAID reason been that the NET INCREASE IN THE CASH from financing activities was the amount of $4,500
Net Increase In The Cash from financing activities = $5000 - $1000 + $500
Net Increase In The Cash from financing activities= $4500
