Answer: Progressive tax
Explanation:
A progressive tax is a form of tax whereby the tax rate rises as income of the individual or firm increases. Progressive tax progresses from low to high. Progressive tax can be applied to taxes of individuals and are imposed in order to reduce the incidence of tax of people who have a low ability to pay hence, the progressive tax can be used to shift the incidence to those that can afford to pay more.
Progressive tax is is usually used by most countries as it reduces the gap between the rich and the poor thereby curtailing economic inequality. The higher the income in progressive taxation, the higher the percentage paid by the person.
Blog Inc., has net sales of $50,000, cost of goods sold of $30,000, and selling expenses of $5,000. Its gross profit is $20,000.
<h3>What is gross profit?</h3>
Gross profit is the profit of a company or an entity after subtracting all the costs that are related to manufacturing and selling its products or services.
Explanation:- Gross Profit = (Net Sales – Cost of Goods Sold)
= ($50,000- $30,000)
= $20,000
Hence, the gross profit of the Blog Inc., would be $20,000.
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People buy franchise because franchising helps franchisors gain areas where a market may be for their company, but the problem is they might not be familiar with. Franchising allows for the business to grow without spreading its top level human materials across too thin unlike stores. Franchisees can pay outlets in your chain of the system, you can large the number of locations without having to tap of your capital or needing to ask financing from banks.
Answer:
Interest per week=17.4%
Explanation:
Using equation
F=P(1+i)^n
where n is the time period,P is the present value and F is the future value
Given F=550,P=42 and n=16 solving equation we will get
i=17.4%
Answer:
D) not change and the price received by sellers will not change
Explanation:
If the government removes a tax on sellers of a good and imposes the same tax on buyers of the good, the net amount sellers receive doesn't change. The quantity of goods that are sold also remains the same.
So, price paid by buyers will not change and the price received by sellers will also not change
