If government tax policy requires peter to pay $15,000 in tax on annual income of $200,000 and Paul to pay $10,000 in tax on annual income of $100,000, then the tax policy is: <u>regressive.</u>
<h3>What is
tax ?</h3>
- Taxes refer to a mandatory contributions collected by government agencies from businesses.
- Tax revenues fund government activities, such as public works and services such as roads and schools, and programs such as Social Security and Medicare.
- Collecting taxes and fees is a fundamental way to generate public revenues that enable countries to fund investments in human capital, infrastructure, and the provision of services to citizens and businesses. .
- Derived from the Latin taxare, meaning "to assess".
- Prior to that, the related word "task" was used in English from Old French.
- For some time both "tasks" and "taxes" were in common use, the former requiring labor and the latter requiring money.
- "Control" then came to mean tiring or challenging.
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In the given case, bank is not consider as holder in due course because here it will act as intermediary who collected amount from company's account.
<h3>What is holder in due course?</h3>
A holder in due course refers to an individual who have the authority to hold the negotiable instrument in good faith.
This holder in due course will be referred to as the person who have received or given something in exchange for the instrument.
When any individual receives a gift from someone, then it will not be considered as holder in due course because he had not given any value in exchange.
So yes, in this situation when the CEO stole money from the company by writing a series of checks and withdrawing it in a personal account at the bank. Bank will be not be considered as holder in due course due to intermediary role.
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Answer:
option a. 8.3%
Explanation:
Data provided in the question:
Sales = $3,500,000
Net cash flow from operating activities = $350,000
Net cash flow used for investing activities = $100,000
Net cash flow used for financing activities = $200,000
Free cash flow = $290,000
Now,
The Free Cash Flow to Sales Ratio = [ Free Cash Flow ÷ Sales ] × 100
%
= [ $290,000 ÷ $3,500,000 ] × 100
%
= 8.3%
Hence,
The correct answer is option a. 8.3%
Answer:
B. the global viewpoint supersedes national issues
Explanation:
A transnational organization is one that acts in a manner that is beyond the confines of a national state.
An organization may have its headquarters in a country while it's sales are generated in many countries across the globe.
Such an entity will act within the laws and regulation of the countries where the presence of its product is felt however major contributions about the product are not limited to just one country or state.
This defines a transnational organization. A good example is coca-cola.
The right option is B. the global viewpoint supersedes national issues.