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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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Which of the following statements is FALSE? A. Individual investors should be involved in choosing a mutual fund because they kn

snow_tiger [21]

The statement in option D is FALSE. An investor must understand the kind of investment he want to put his money on. Individuals should be actively involved in choosing a mutual fund because they know their own reasons for investing in the first place.

8 0

3 years ago

In reviewing how SDF currently brands its products, Kim sees that it is using several different approaches. The Sunny Day Foods

monitta

Answer:

C) Specialty product

Explanation:

Specialty products are products that customers actively seek to buy because:

the products possess unique or outstanding characteristics (e.g. luxury goods or sports cars).
brand loyalty: loyalists have a strong preference for certain products and they will go out of their way to visit a store just to buy that product.

Consumers who purchase specialty products know what type of product they want and don't mind to spend time searching for that product.

8 0

3 years ago

Bloom Company management predicts that it will incur fixed costs of $269,000 and earn pretax income of $337,900 in the next peri

RoseWind [281]

Answer:

1. $1,190,000

2. $583,100

Explanation:

1. Total dollar sales

First, we will get the value for contribution margin

Contribution margin - Fixed cost = Operating income

Contribution margin = Operating income + Fixed cost

Contribution margin = $337,900 + $269,000

Contribution margin = $606,900

The next step is to use contribution margin ratio to determine the sales

Contribution margin / Sales = Contribution margin ratio

606,900 / Sales = 0.51

Sales = 606,900 / 0.51

Sales = $1,190,000

2. Total variable cost

We will use the contribution margin to solve total variable cost

Sales - Variable cost = Contribution margin

$1,190,000 - Variable cost = $606,900

Variable cost = $1,190,000 - $606,900

Variable cost = $583,100

4 0

3 years ago

Distinguish the benefits of the Federal Reserve issuing repurchase agreements (repos) and reverse repurchase agreements (reverse

Mekhanik [1.2K]

Answer:

Repos result in a temporary increase in a bank's reserves and maintain liquidity in the banking system. Banks can sell reverse repos back to the Federal Reserve at a higher price in a short period of time.

Explanation:

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7 0

3 years ago

A Safety Data Sheet (SDS) is available in the workplace to:_________

solong [7]

Answer:

c) Provide detailed hazard and safety information about a controlled product

Explanation:

A safety data sheet is a sheet having listed all the information which involves in chemical handling, its hazards and storage management. It has physical, environmental and health related hazards and how it can be stored and managed and used.

All other options are wrong as SDS does not assist purchasing of chemicals and does not decide workplace policy. Therefore option a and b are wrong.

5 0

3 years ago