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Inessa05 [86]
3 years ago
9

Using income as the tax base, which of the following best illustrates a regressive tax? Multiple Choice 1. the corporate income

tax 2. a 7 percent general sales tax 3. the federal inheritance tax 4. the personal income tax
Business
1 answer:
zysi [14]3 years ago
8 0

Answer:

The correct answer is A

Explanation:

Regressive tax is the tax which is applied uniformly by taking or considering the larger percentage of the income from the earners of low income than the earners of high income.

It is opposite of the progressive tax, which considers the larger percentage of the earners of high income.

So, when using the income as a tax base, the regressive tax is 7% of the general sales tax.

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A land development company is considering the purchase of earth-moving equipment. This equipment will have an estimated first co
liraira [26]

Answer:

Explanation:

Let the number of days per year that the company will need the equipment in order to justify its purchase b represented by x.

Based on the information given, this will then be:

1130x + 180x = 199000(A/P, 10%,10) - 65000(A/F, 10%, 10), + 32000 + 220x

1310x = 199000(0.1627) - 65000(0.0627) + 32000 + 20x

1310x - 20x = 32377.3 - 4075.5 + 32000

1290x = 60301.8

x = 60301.8/1290

x = 46.75

Therefore, the answer is 46.75 days.

6 0
3 years ago
Imagine that in 2019 the economy is in long-run equilibrium. Then stock prices rise more than expected and stay high for some ti
V125BC [204]

In the short-run, the effect on the price level and the real GDP is <em>a. Both the </em><em>price level </em><em>and </em><em>real GDP </em><em>rise.</em>

Since the economy is in long-run equilibrium in 2019, and the stock prices unexpectedly rise and stay high for a long time, it means that the price level does not:

  • Rise while the real GDP falls
  • Fall while the real GDP rises
  • Fall with the real GDP.

<u>Question Options</u>:

a. both the price level and real GDP rise.

b. the price level rises and real GDP falls.

c. the price level falls and real GDP rises.

d. both the price level and real GDP fall.

Thus, in the short-term of this economy both the price level and real GDP rise.

Learn more: brainly.com/question/13029724

6 0
3 years ago
When a company like Gawker Media finds a potential pool of employees, like the individuals they find posting great comments onli
docker41 [41]

Answer:

b. application form

Explanation:

Based on the scenario being described within the question it can be said that they most likely have these individuals fill out an application form. Like mentioned in the question this is the first step in the pre-screening process in which individuals fill out a form that has all of their basic information, including skills, previous work experience, age, name, id number etc. All information that the employer may need to evaluate their potential for the job that they are hiring for.

4 0
3 years ago
If the supply of solar panels increases, 1. the price and quantity of solar panels increases. 2. the demand for solar panels inc
ryzh [129]

Answer:

3. the price of solar panels decreases and the quantity increases.

Explanation:

An increase in supplies results in reduced prices.  As per the law of supply and demand, an increase in supply while holding the demand contact results in a decrease in price.  Increase supply causes downward movements along the supply curve, pushing the prices lower. There will be many solar panels available in the market competing with for few buyers.

An increase in supplies means an increase in the quantities available in the markets. Buyers will have a large selection of solar panels to choose from.

6 0
3 years ago
All of the following describe a balance sheet except which one? A. The balance sheet reflects the results of multiple transactio
Bezzdna [24]
The choice that does not describe the balance sheet is D. The balance sheet contains only assets and liabilities sections.

Balance sheet is one of a company's financial statement. It is also known as the statement of financial position. It represents the the company's financial position at the end of a specified date.

The assets, liabilities, and owner's equity sections of the balance sheet reflects the results of multiple transactions creating an image of a business in financial terms.


6 0
3 years ago
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