The word that best describes the effects of income taxes as the income increases is regressive.
A regressive tax unlike progressive tax in which rates increases as the payer's income increases, it increases as the payer's income decreases. examples of regressive taxes include sales taxes, user fees among others. Regressive describes a distribution effect on income or expenditure, referring to the way the rate progresses from high to low.
Answer:
the income earned is $39,900
Explanation:
The computation of the income earned is shown below:
As we know that
Margin (%) = Income earned ÷ Sales revenue
Therefore,
Income earned = Additional sales Margin percentage
= $570,000 × 7%
= $39,900
hence, the income earned is $39,900
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer:
Journalize the following transactions for Pharoah Company.
Explanation:
1.
Supllies 1050
Cash 1050
5.
Retained earnings 440
dividen Payable 440
7.
Cash 5800
deferred revenue 5800
16.
Cash 800
Account receivable 800
33.
Equipment 3300
cash 1250
Account payable 2050
China is currently a socialist economic system. In view of china's explosive growth in supplying goods to the world China is becoming more of a market economic system.
Generally China is defined as a mixed economy market. But it is a planned economy with most of the characteristics of the market economic system under the trend of the globalization.
For example: China government planned to focus on electric cars and thus the same china did and for the cars which were produced in China and sold in China only were provided with the government subsidy.
However China government also plans for those things which it does not want to see in the market such as stopping corporations inside trade on stocks.
To know more about market economic system here:
brainly.com/question/13340111
#SPJ4
Answer: the owner is her own boss
let me know u need help
