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Mrac [35]
3 years ago
12

If you were in charge of developing a tax system for a country, how would you structure taxes? For example, who should pay the g

reater percentage of taxes? What should taxes be used for?.
Business
1 answer:
Vesna [10]3 years ago
7 0
1. If I am in charge of developing a tax system for my country, I will structure the tax rate in such a way that, the rich will pay a higher percentage of tax than the poor. This type of tax system is called progressive tax. The income tax for instance will be based on the amount of income that each person earns, thus, those earning higher incomes will pay more tax than those earning lower incomes. Thus, the rich will always pay the greater percentage of taxes.
2. Tax payments should be used for the following:
a. To fund health programs.
b. To fund national defense and security programs.
c. To fund social security programs.
d. To pay interests on national debts.
e. To pay war veterans.
f. To fund educational program.
g. To fund assistance agricultural programs.

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Antonio is a small business owner and files jointly with his spouse. In 2019, he generates $100,000 of net profits from his busi
Mila [183]

Answer:honestly don’t know

Explanation:

I just want 50b

5 0
4 years ago
For the month of november, whetzel corporation. predicts total cash collections to be $1 million. also for november, whetzel cor
aivan3 [116]
The projected cash disbursements for Whetzel Corporation for November is $1,090,000. This is calculated as follows: the beginning cash balance of $50,000 will be increased for the November cash collections of $1,000,000 and the cash borrowed of $70,000 (a cash inflow). This amount of total cash inflows would then be reduced by the total disbursements to get to the ending balance of $30,000. By subtracting the $30,000 ending balance from the above number we will get the total disbursements. See below:  
$50,000+$1,000,000+$70,000=$1,120,000
 $1,120,000-$30,000=$1,090,000 
 Check:
 $50,000+$1,000,000+$70,000-$1,090,000=$30,000 (agrees to ending balance)
4 0
4 years ago
The global economy can have specialized production because of what?
goblinko [34]
The answer to this question is <span>the international division of labor
</span><span>the international division of labor refers to the system that divide people into several groups that handle only specific task according to their expertise.
This division allow organizations to handles broader aspects of their operation which eventually lead to better wuality of products</span>
6 0
3 years ago
Sending e-mail marketing messages is typically less costly than sending direct mail marketing messages.
Nesterboy [21]
The answer is B. False
5 0
3 years ago
Although appealing to more refined tastes, art as a collectible has not always performed so profitably. Assume that in 2015, an
xenn [34]

Answer:

-3.41%

Explanation:

The computation of the annual rate of return is shown below;

We use the formula:

Future value = Present value × (1 + rate of interest)^number of years  

$10,710,500 = $12,738,500 × (1 + rate of interest)^5

($10,710,500 ÷ $12,738,500)^(1 ÷ 5) = (1 + rate of interest)

(1 + rate of interest) = 0.965913622

r = (0.965913622 - 1) × 100

= -3.41%

3 0
3 years ago
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