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Alchen [17]
3 years ago
10

Which of the following statements is correct? a. Vertical equity is the idea that taxpayers with similar abilities to pay taxes

should pay the same amount. b. Horizontal equity is the idea that taxes should be levied on a person according to how well that person can shoulder the burden. c. A regressive tax would mean that high-income tax payers pay a larger fraction of their income in taxes than would low-income taxpayers. d. A proportional tax would mean that high-income and low-income taxpayers pay the same fraction of income in taxes
Business
1 answer:
Rudiy273 years ago
3 0

Answer: Option (D)

Explanation:

Vertical equity  is referred to as or known as the notion that the taxpayers that have the greater ability to pay the taxes should pay the larger amounts.

Whereas on the other hand the horizontal equity  refers to the idea under which the taxpayers that have the similar abilities in accordance with paying taxes should pay same.

Regressive tax  is known as or described as the tax under which the high-income earner pay the smaller fraction of income as tax than the other low income earners.

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What term is used to mean employee expertise and politeness and their ability to convey trust?
melomori [17]

Answer:

The term is Assurance

Explanation:

Assurance is the term that is used to mean employee expertise and politeness and their ability to convey trust. It refers to the employee's knowledge and courtesy and thereby shows his ability to convey trust.

Employees that possess the virtue of assurance in the workplace give their employers the opportunity to trust them. Such employees perform well at work.

4 0
3 years ago
Is it legal or ethical for an insurance agent to suggest a variable life insurance policy to an 80-year-old man? explain your an
Citrus2011 [14]
No, it is no ethical 

3 0
3 years ago
Shontelle owns an apartment house that has an adjusted basis of $760,000 but is subject to a mortgage of $192,000. She transfers
Alex787 [66]

Answer:

(a) $332,000

(b) $312,000

(c) $760,000

Explanation:

(a) Her realized gain or loss

Mathematically, Realized gain or loss = Amount realized - Adjusted Basis = (120000 + 780000 + 192000) - 760000.

= 1092000 - 760000

= $ 332000

(b) Her Recognized gain.

Mathematically, her recognized gain = Amount received in cash + Amount received in Mortgage = 120,000 + 192,000 = $312,000

(c) Basis of newly acquired office Building.

Mathematically:

Basis of newly acquired building = Fair market value of building - (realized gain - recognized gain) = (780,000)-(332,000-312,000) = 780,000-20,000 = $760,000

8 0
3 years ago
Steve and Grace know that their nephew loves to travel. Steve and Grace find a great deal on a timeshare and tell Mike they are
Alexxandr [17]

Answer:

Explanation:

That depens of the red tape, if there is one, Mike can claim rigths over the good depending on the negotiation, but if there is no a signed deal it is impossible to claim according to the law.

3 0
3 years ago
As the purchasing manager of a company that designs costumes, Natalie orders yards of fabric in preparation for Halloween. Natal
erastova [34]

Answer:

Inbound logistics

Explanation:

Logistics can be defined as the control of the movement of things between the point of inception and the point of consumption to meet the needs of different customers or corporations. The resources that are controlled in logistics include substantial goods such as materials, equipment, and supplies, and also other consumer goods.

Inbound logistics refers to the collecting, moving, facillitating, storage, and receiving of goods that comes into the business.

3 0
3 years ago
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