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Shtirlitz [24]
2 years ago
5

Which of the following is the defining feature of a progressive income tax system? Choose one: A. The marginal tax rate is const

ant across income levels. B. The marginal tax rate is low at low income levels and gets progressively higher as income levels increase. C. The marginal tax rate is low at low income levels and gets progressively higher up to a point. At very high income levels, the marginal tax rate falls. D. All individuals pay the same amount of taxes. E. The marginal tax rate is high at low income
Business
1 answer:
ELEN [110]2 years ago
6 0

Answer: Option B

   

Explanation: In simple words, it refers to a tax structure in which the tax payer is charged as per his or her ability to pay. Under this system , a lower tax bracket is applied for low income levels and high for high income levels.

The basic assumption for applying such structure is that the high class have earned that money from the resources of the lower class thus they have to give a higher share from their income so that the lower class could be developed from that money.

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Which of the following is an example of an economic change brought about by globalization
finlep [7]

Answer:

D) increases in the outsourcing of labor

Explanation:

Globalisation is the process by which business develop operations internationally. It involves integration of people, business and governments.

Outsourcing of labor involve hiring of manpower outside an organisation to carry out some job functions.

Because of the variety of talent available globally, and the reduced overhead costs, more businesses are outsourcing job functions.

3 0
2 years ago
A company purchased a tract of land for its natural resources at a cost of $1,544,800. it expects to mine 2,020,000 tons of ore
Tasya [4]

The gradual decrease in the value of natural resource is called depletion. The deplection expense is calculated on the cost net off salvage value.

Depletion expense per ton of ore=\frac{(Cost of resource - salvage value)}{Expected Mine}                                                          =\frac{(1544800-252000)}{2,020,000}                                                         =$0.64

Therefore, Depletion expense per ton of ore would be $0.64 per ton of ore.

5 0
3 years ago
The balanced budget multiplier applies when a $50 billion increase in government expenditure is financed by a $50 billion ______
AlexFokin [52]

Answer:

Increase; a positive

Explanation:

An aggregate demand in economics terms is an economic measurement of the total amount of demand for all finished goods and services produced in an economy.

Aggregate demand is expressed as the total amount of money exchanged for those goods and service at a specific price level and point in time.

5 0
3 years ago
What is the dominant force for success in negotiation? a distributive vs. integrative strategy the planning that takes place pri
11111nata11111 [884]
The answer is the second one. Negotiation is a procedure where at least two gatherings with various needs and objectives talk about an issue to discover a commonly adequate arrangement. In business, arrangement abilities are imperative for both casual everyday cooperations and formal exchanges, for example, arranging states of the offer, rent, benefit conveyance, and other legitimate contracts.
5 0
3 years ago
Exercise 12-1
exis [7]

Answer: Please refer to Explanation

Explanation:

In the Cashflow statement, entries are classified by what type they are under Investing, Financing or Operating Activities.

Operating Activities refer to cash paid or received from normal business operations and the expenses needed to maintain it.

Investing Activities refer to entries made relating to cash paid for the acquisition of fixed assets as these are long term. It also includes buying other company stocks and bonds.

Financing Activities refer to the funds that the the business uses to fund itself. These include long term debt and Equity.

a. Collected cash from customers. OPERATING ACTIVITY.

b. Paid cash to repurchase its own stock. FINANCING ACTIVITY.

c. Borrowed money from a creditor. OPERATING ACTIVITY.

d. Paid suppliers for inventory purchases. OPERATING ACTIVITY.

e. Repaid the principal amount of a debt. FINANCING ACTIVITY.

f. Paid interest to lenders. FINANCING ACTIVITY.

g. Paid a cash dividend to stockholders. FINANCING ACTIVITY.

h. Sold common stock. FINANCING ACTIVITY.

i. Loaned money to another entity. INVESTING ACTIVITY.

j. Paid taxes to the government. OPERATING ACTIVITY.

k. Paid wages and salaries to employees. OPERATING ACTIVITY.

l. Purchased equipment with cash. INVESTING ACTIVITY.

m. Paid bills to insurers and utility providers. OPERATING ACTIVITY.

4 0
3 years ago
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