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Serhud [2]
3 years ago
6

There are 4 households in a locality. The annual income of the first household is $20,000, the annual income of the second house

hold is $47,000, the annual income of the third household is $50,000, and the annual income of the fourth household is $71,000.Refer to the scenario above. If the first household pays 20% of its income as tax, the second household pays 17.5% of its income as tax, the third household pays 13% of its income as tax, and the fourth household pays 10% of its income as tax, income taxes are ________ in nature.
Business
1 answer:
11Alexandr11 [23.1K]3 years ago
8 0

Answer:

regressive

Explanation:

A regressive tax is basically a tax whose rate increases as your income decreases. Generally you do not need to increase the marginal tax rate of lower income levels, all you need to do is have a flat tax that taxes everyone with the same amount. E.g. everyone pays $2,000 as income taxes. $2,000 per person represents 10% of the first household's income, but it only represents 2.7% of the fourth household's income.

On the other hand, progressive taxes increase as the income level of the taxpayers increases.

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You can ready yourself for an interview by:
Ierofanga [76]

The correct answer is D. All of the above

Explanation:

Preparing for an interview implies as a candidate for a job knowing beforehand how to answer and behave during the interview. One of the best ways to achieve this is to prepare answers to typical questions because, in this way, your answers will be coherent, complete and you will show confidence when answering.

Besides this, you can conduct a practice interview or recreate the interview; this will help you to practice how to talk, introduce yourself, or behave during the interview.

Moreover, to be ready for the interview you should be well informed about the company because it is common some interview questions are related to the company goals or expectations of an employee, and in this way, you can answer appropriately and show your interest in working in the company.

4 0
2 years ago
Wildhorse Inc. wishes to accumulate $1,092,000 by December 31, 2030, to retire bonds outstanding. The company deposits $168,000
Ulleksa [173]

Answer:

Quarterly deposit= $9,508.68

Explanation:

<u>First, we need to calculate the future value of the initial investment:</u>

FV= PV*(1+i)^n

PV= $168,000

i= 0.10/4= 0.025

n= 10*4= 40

FV= 168,000*(1.025^40)

FV= $451,090.73

Difference= 1,092,000 - 451,090.73= $640,909.27

<u>Now, to calculate the quarterly deposit, we need to use the following formula:</u>

FV= {A*[(1+i)^n-1]}/i

A= quarterly deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

A= (640,909.27*0.025) / [(1.025^40) - 1]

A= $9,508.68

7 0
3 years ago
Read 2 more answers
According to arnold and bustos, which two sectors of the US economy are the mot carbon-intensive?
Stels [109]

Answer: Transportation and electricity generation

Explanation:

According to Arnold and Bustos, the two sectors of the United States economy that are the most carbon-intensive are the transportation sector and the electricity generation sector.

The transportation sector contributes a lot to the emissions of greenhouse gas emissions as they typically come when fossil fuel for ships, vans, planes, motorcycles, cars etc are burned. Also, the generation of electricity is also carbon intensive as carbon is being powered in order to generate electricity.

7 0
2 years ago
older person nearing retirement might typically find it better to invest in ________ since they generally seek less risk with th
Zarrin [17]

Answer:

A las personas mayores que se acercan a la jubilación generalmente les parece mejor invertir en NEGOCIOS ya que generalmente buscan menos riesgo con sus inversiones.

5 0
2 years ago
The short-run aggregate supply curve implies that real output exceeds its long-run level when the price level is:
Annette [7]

Answer:

greater than the expected price level

Explanation:

The short run aggregate supply curve shows graphically that the real output is more than its long run level when the price level is more than expected price level. When there is great expectation about inflation it shifts the short run Aggregate Supply curve outwards or to the right. Price level would then rise in the long run but real output would stay the same or unchanged.

4 0
3 years ago
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