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Helga [31]
3 years ago
5

A country redesigned its tax policy so that the tax rate was reduced for individuals earning larger amounts of money. For exampl

e, a household making $50,000 a year would pay 23 percent in taxes while a household making $200,000 would pay 23 percent taxes only on the first $150,000 of their income and no taxes on the income above $150,000. This is called A. liberal taxation. B. regressive taxation. C. conservative taxation. D. progressive taxation.
Business
2 answers:
storchak [24]3 years ago
6 0

Answer: B. regressive taxation

Explanation:

Regressive taxation is a form of taxation where people who earn higher income pay a less percentage of income as tax while those who earn less income pay a higher percentage of income as tax.

Progressive taxation is a form of taxation where people who earn higher income pay a higher percentage of income as tax and those who earn less income pay a lower percentage of income as tax.

Verizon [17]3 years ago
4 0

Answer:

1. 80billion

2. 480billion

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Why are the real income levels of Americans affected by rising prices?
Nat2105 [25]

"Real Wages" are wages that are adjusted for inflation and rising prices. As prices rise, people are able to buy less and less with their "nominal" (aka un-adjusted)  wages.

One example is gas for your car. If you make $1000 a month and gas goes up from $2.50 to $3, your un-adjusted wages stay the same (you still make $1000) but you can't buy as much of other things because your "real" wages have effectively gone down due to the price increase of gas.

4 0
3 years ago
All of the following are permitted investments in individual retirement accounts except: _______
yaroslaw [1]

All of the following are permitted investments in individual retirement accounts except commodity futures.

<h3>What is commodity futures?</h3>

Contracts for the purchase or sale of commodities at a predetermined price and on a specific date in the future are known as commodity futures contracts. Along with financial instruments and currencies, commodities also include things like metals, oil, grains, and animal goods. With a few exceptions, trading in futures contracts must take place on a commodity exchange's trading floor.

The federal government agency that oversees the trading markets for commodity futures, commodity options, and commodity swaps is called the Commodity Futures Trading Commission (CFTC). The National Futures Association (NFA), the independent regulator for anyone who trades futures with the public, requires registration from anyone who advises futures traders or engages in futures trading.

To know more about commodity futures, visit:

brainly.com/question/27818554?

#SPJ4

5 0
2 years ago
How many free credit reports are you legally entitled to each year
Leokris [45]
<span>One from each credit bureau per year, so in total three per year.</span>
8 0
3 years ago
Provides​ house-sitting for people while they are away on vacation. Some of its customers pay immediately after the job is finis
GalinKa [24]

Answer:

a. $1,000 will be recognized as service revenue using the cash basis.

b.  $2,400 ($1000 plus $1400) will be recognized as service revenue using the accrual basis.

Explanation:

Given that as of the end of the​ year, Peaceful Home has collected $ 1,000 from​ cash-paying customers while Peaceful Home ​'s remaining customers owe the business $ 1,400.

Revenue to be recognized using;

  • Cash basis

$1,000 will be recognized as service revenue using the cash basis.

  • Accrual basis

On accrual basis, revenue is recognized when the service has been provided irrespective of whether cash has been collected or not.

A total of $2,400 ($1000 plus $1400) will be recognized as service revenue using the accrual basis.

7 0
3 years ago
While traveling on a commercial bus line, a passenger was injured when some luggage fell on him. As required by applicable state
Nonamiya [84]

Answer: See explanation

Explanation:

In a situation whereby the attorney of the passenger tried resolving the dispute in good faith, then the bus company must be ordered by the court to produce the report as well as the payment of reasonable cost that was incurred in making the motion.

It should however be noted that such cost may not be awarded when the movant had filed the motion before obtaining the disclosure in good faith. Also, the cost with be given when the nondisclosure response of the opposing party was justified.

7 0
3 years ago
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