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4 years ago

Whom do progressive taxes asses

Business

2 answers:

grin007 [14]4 years ago

6 0

Answer

Hi,

Progressive tax assesses a taxpayer’s ability to pay. Higher rates are on the wealthy than on the poor.

Explanation

Those considered poor according to a country’s definition have families who spend larger shares of their income on the cost of living thus all money they earn is needed to afford basic needs thus face a decreased progressive tax. On the other hand, the progressive tax imposed on wealthy individuals decrease their abilities to purchase more luxury items or invest in stock.

Hope this helps!

grigory [225]4 years ago

3 0

Answer: C. A large percentage of hgh income households and organizations

Explanation:

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A number to the 7th power divided by the same number to the 3rd power equals 256.What is the number?

katovenus [111]

The answer to this question is 4

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3 years ago

Read 2 more answers

Summit Services Co. offers its services to individuals desiring to improve their personal images. After the accounts have been a

Agata [3.3K]

Answer:

May-31

Dr Fees earned $243,000

Retained earnings $33,500

Cr Rent expense $50,800

Cr Supplies expense $12,400

Cr Wages expense $213,300

Cr Miscellaneous expense $ 4,300

May-31

Dr Retained Earnings $33,000

Cr Dividends $33,000

Explanation:

Preparation to Journalize the closing entries required to close the accounts.

May-31

Dr Fees earned $243,000

Retained earnings $33,500

($213,300+$12,400+$50,800-$243,000)

Cr Rent expense $50,800

Cr Supplies expense $12,400

Cr Wages expense $213,300

Cr Miscellaneous expense $ 4,300

(To close the Expenses )

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Dr Retained Earnings $33,000

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3 years ago

Suver Corporation has a standard costing system. The following data are available for June: Actual quantity of direct materials

Sergeu [11.5K]

Answer:

$6.25

Explanation:

Given the data below from the above information,

The actual quantity of direct materials purchased 24,000 pounds

Standard price of direct materials price $6 per pound

Material price variance unfavorable -$6,000

Material quantity variance $2,400

Therefore;

Direct material price Variance = (Standard price - Actual price) × Actual quantity

- $6,000 = ($6 - Actual price ) × 24,000

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AP = $6.25

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3 years ago

When the attitude of continuous improvement exists throughout an organization, every manager and employee is challenged to conti

JulsSmile [24]

Answer:

Option A

True

Explanation:

The attitude of continuous improvement entails that the members of an organization strive to improve on themselves, operations, and processes within the organization. It usually entails learning from both mistakes and business practices of other companies to ensure that there is a constant improvement in the day to day activities of the business.

During the process of continuous improvement, every manager and employee is definitely expected to try out new policies, and practices to see how well they fit in and aid the company to achieve her overall business goals.

This is the only way a strong "continuous improvement " attitude can be maintained company-wide.

<em>Hence, the answer is option A: True.</em>

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4 years ago

Fiscal policy is Question 20 options: the money supply policy that the Fed pursues to achieve particular economic goals. the spe

laiz [17]

Answer:

the spending and tax policy that the government pursues to achieve particular macroeconomic goals.

Explanation:

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A fiscal policy affects combined demand through changes in government policies, spending and taxation which eventually impacts employment and standard of living plus consumer spending and investment.

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According to the Keynesian theory, government spending or expenditures should be increased and taxes should be lowered when faced with a recession, in order to create employment and boost the buying power of consumers.

Generally, an economy will return to its original level of output (production) and price level when the short-run aggregate supply curve falls (decreases) and no changes in monetary and fiscal policies are implemented.

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3 years ago