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
kodGreya [7K]
3 years ago
14

QUESTION 1 To what does tax progressivity refer? (5 points)

Business
1 answer:
galben [10]3 years ago
8 0
Tax progressivity refer to a system in which individuals earn more pay higher taxes.

United States taxation system is considered tax progressive, individuals who earned up to $ 8,375 fell to the 10% tax bracket, meanwhile those who earn more than $ 373,650 fall to the 35 % tax bracket

You might be interested in
In 1931, the U.S. President was paid a salary of $75,000. Government statistics show a consumer price index of 15.2 for 1931 and
Gelneren [198K]

Answer: $1,021,382

Explanation:

The Consumer Price index (CPI) is an economic measure that enables us calculate inflation. It checks for a price changes in a group or basket of goods and then averages these price changes to find out how much they may have changed overtime.

A higher CPI means prices have increased.

CPI can then be used to calculate the potential values of goods in different years using another year as a base. This means that prices of goods in one year can be written in terms of prices in another year.

This can be done by Dividing the CPI in the current year by the CPI in the base year (year being expressed in terms of) and then multiplying the result by the price of the good in question.

In this case the good is the salary of $75,000.

The 2007 equivalent of a 1931 salary will therefore be,

= 75,000 * ( 207/15.2)

= $1,021,381.57

= $1,021,382

8 0
3 years ago
10. The overall levels of income, employment, and prices are determined by the spending and production decisions
Bogdan [553]

Answer:

A. Households

B. Businesses

C. Government

Explanation:

\large{\mathfrak{꧁HeavenMistress꧂}}

7 0
3 years ago
Read 2 more answers
What percentage of your income should you save
Eva8 [605]
At least 20% should go to ur savongs
7 0
4 years ago
1. Do you think it is a good idea to have employers withhold
Alina [70]

Answer:

No,

Explanation:

The tax withholding system is something that most of us take for granted, but the concerned citizens, politicians and economists who have analyzed it have many criticisms of the system.

Taxpayers have no idea how much they pay and are apathetic about tax rates

If taxpayers had to make one large payment, they would know exactly how much they were forking over for federal taxes, Social Security taxes, Medicare taxes and state taxes. Since the money is taken gradually, many people never pay attention to the full amount, which makes it easier for high tax rates to persist and for the government to increase tax rates. For example, the state of California in 2009 decided to use the tax withholding system to take a large, interest-free loan from its taxpayers. It increased the withholding tax by 10%, and even journalists didn't seem to notice until the days before the rate hike was implemented. The government says it will refund the borrowed money in April.

5 0
3 years ago
What would be the most challenging part of working in Information technology
stellarik [79]

Answer:

The most challenging part of working in information technology are as given below:

1. Workload

2. Cybersecurity

3. Skills gaps

4. Digital transformation

5. Cloud computing

6.Budget

7.Leadership support in prioritizing new skills development

8.Analytics and data management

9.Automation

Explanation:

Many have been facing a new hurdle—not confined to IT. As millions of people adjust to the new norm of remote working, employees, as well as supervisors had to learn quickly how to improve virtual communication and collaboration. For those who don't have the habit of working from home, it may be a fight to avoid distractions that aren't a factor if you work at an office. (e.g. family members, house chores, Netflix).

In the event of a difficult transition to remote work, we offer various training courses designed specifically to help teams maximize virtual technologies and enhance soft skills, which are more critical when staff is in separate places.

4 0
3 years ago
Other questions:
  • Camera 1 costs $4,900. It should last for eight years and have annual maintenance costs of $220 per year. After eight years, the
    14·1 answer
  • __________ is the only formal method for ending a filibuster and requires the approval of __________ senators. cloture, fifty-on
    7·1 answer
  • The local community bus service, which is a monopoly, charges $2.00 for a one-way fare. The city council is thinking of raising
    6·1 answer
  • Identify the trade-restraining practice that this example demonstrates. Tubifor, Inc. purchases all available imported lumber so
    13·1 answer
  • Galaxy, a construction company, buys a particular brand of tiles manufactured by Tiles and Floors, an eco-friendly tile manufact
    14·1 answer
  • On January 1, Year 1, the Accounts Receivable balance was $21,000 and the balance in the Allowance for Doubtful Accounts was $1,
    14·1 answer
  • On January 1, 2012, Cale Corp. paid $1,020,000 to acquire Kaltop Co. Kaltop maintained separate incorporation. Cale used the equ
    8·1 answer
  • On November 1, Jasper Company loaned another company $270,000 at a 8.0% interest rate. The note receivable plus interest will no
    13·1 answer
  • The Age Discrimination in Employment Act of 1967 prohibits discrimination against employees aged _______ and older. Group of ans
    13·2 answers
  • To analyze a multiple flow process using a single flow, we must define what constitutes a ______ flow unit.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!