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Inessa05 [86]
2 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]2 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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According to the video congressional earmarks, the trading of votes by members of congress to obtain passage of projects that ar
sineoko [7]
<span>the trading of votes by members of congress to obtain passage of projects that are of interest to one another is referred to as: Logrolling
In logrolling, two or more Congress could create an agreement that each of them will give their vote to support the bills that pushed by each of them, so they collectively gained more power in the office.</span>
8 0
3 years ago
The stated purposed of NAFTA is to A. gain membership in the WTO. B. reduce the outsourcing of jobs to foreign countries. C. pha
jekas [21]

Answer:

C. phase out all trade and tariff barriers among​ Canada, Mexico, and the U.S

Explanation:

The North American Free Trade Agreement (NAFTA)

This agreement creates a bloc of trade for the region, Canada, Mexico and the US.

As state on "C" It result in the elimination or reduction of barriers to trade and investment between the countries.

It will be replaced in the following year by the United States–Mexico–Canada Agreement (USMCA)

But NAFTA will keep working until this new agreement is finished.

4 0
3 years ago
The board of directors oversees and ratifies strategic decisions and evaluates, rewards, and, if necessary, penalizes top manage
Elina [12.6K]

The given statement, "The board of directors oversees and ratifies strategic decisions and evaluates, rewards, and, if necessary, penalizes top managers" is true

<u>Explanation: </u>

A board of directors is a team of experts elected by stockholders of a company to serve the interest of the stockholders and ensure that the company management behaves on their behalf. The Chairperson or Chairman of the Board is the head of the Board of Directors.

The board of directors supervises and ratifies strategic decisions as intermediaries between the owners and managers and reviews, awards and, if required, punishes top management.

These includes the following,

  1. Composition  
  2. Leadership structure
  3. Interlocks

The Board decides on the employment and recruitment of employees, share price measures, payments, and employee compensation.

8 0
3 years ago
According to the terminology associated with changes in currency values, which of the following choices is the case when a curre
patriot [66]

Answer:

C) devaluation and revaluation

Explanation:

Devaluation and revaluation is the way that government changes the exchange rate of it's currency in relation to others.

Devaluation is the reduction of the exchange rate of a countrie's currency usually against the United States dollar. This reduces the currency value in relation to the foreign currency.

Revaluation on the other hand is when a country increases the exchange rate, making the value higher against foreign currency.

6 0
3 years ago
Which is the branch of the US Treasury Department that collects taxes?
romanna [79]
The answer to your question is IRS
6 0
3 years ago
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