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Tom [10]
3 years ago
14

Suppose an economist argues that it would be fairer if everyone in society had to pay the same portion of their income in taxes

rather than pay taxes at different rates based on income levels. The idea about paying a flat amount in taxes on income is an example of which kind of tax?
Business
1 answer:
nata0808 [166]3 years ago
8 0

Answer:

Proportional Tax

Explanation:

A proportional tax imposes the same flat rate (in %) on income as payable tax.

Other types of taxes are Progressive and Regressive Tax. In progressive, the higher you earn, the higher tax you pay while in Regressive, the higher you earn, the lower income tax paid and vice versa.

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A developer of a new townhome community estimates that there will be 1,200 home (all types) sales in University City over the ne
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During its inception, Devon Company purchased land for $100,000 and a building for $180,000. After exactly 3 years, it transferr
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Answer:

1. (4) Building at $180,000 and accumulated depreciation of $18,000.

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3. (3) additional paid-in capital of $162,000.

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