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amm1812
3 years ago
8

When the share of individual income tax collected by the government from people with higher incomes is smaller than the share of

tax collected from people with lower incomes, then the tax is ____________________. optional proportional progressive regressive
Business
1 answer:
Fynjy0 [20]3 years ago
5 0

Answer:

Regressive tax

Explanation:

This is an example of a regressive tax because the regressive tax is those tax that impacts more on the lower-income groups as compared to the higher income. While the progressive taxes are imposed on the basis of the income that means higher the income, higher the taxes. Secondly, the proportional taxes are a flat tax that remains flat irrespective of the income. While in the case of optional tax, there are some rebates or benefits is given to a certain income group of people. Therefore, from all the given options, the option regressive tax is correct.

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Nana76 [90]

Answer:

I have to invest $11364.

Explanation:

The formula of Compound Interest is:

A = P(1+\frac{r}{n})^{nt}

where A = Amount

P = Principle

r = rate

n = Number of Compounding per year

t = total number of year

Here, A = 15000, r = 5.75% = 0.0575, n = 4(quarterly), and t = 5.

Putting all these values in above formula:

15000 = P(1+\frac{0.0575}{4})^{4\times5}

⇒ 15000 = P(\frac{4.0575}{4})^{20}

⇒ 15000 = P(1.014)^{20}

⇒ 15000 = P(1.320)}

⇒ P = 11364

Hence, I have to invest $11364 for 5 years.

4 0
3 years ago
The return for a portfolio consisting of n securities will be based on the return for each of the securities as well as the prop
andrew11 [14]

Answer:

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4 0
3 years ago
We determine the net cash flows from investing activities by analyzing changes in _____ accounts from the balance sheet.
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Elevision units that walmart owns for selling to its clients are categorised as equipment.

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5 0
1 year ago
Three equivalent ways to measure gdp are total _____, total _____, and total ______.
viva [34]
Three equivalent ways to measure GDP are total production, total income, and total expenditure.
5 0
3 years ago
Read 2 more answers
Problem 9-52 Part-b (Static) b. $800 of interest on a short-term loan incurred in September and repaid in November. Half of the
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