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3 years ago

Us federal income tax is progressive by law, but which best explains why is it sometimes regressive in practice?

2 answers:

3 0

I believe the answer is: High-income earners use tax laws to their advantage to reduce their tax rates

High income earners tend to possess financial knowledge or ability to allow experts who understand the full scope of taxation laws and how to recorded the transactions in a way that make it eligible for tax deduction. This makes a lot of high income earners manage to avoid paying taxes even if they manage to obtain a lot of profit.

NikAS [45]3 years ago

3 0

"High-income earners use tax laws to their advantage to reduce their tax rates" is what best explains why the US federal income tax is progressive by law, but it is s<span>ometimes regressive in practice. I hope that this is the answer that you were looking for and the answer has actually come to your great help.</span>

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A two digit number is such that, the sum of its digit is 13. When the digits are interchanged, the original number is increased

LekaFEV [45]

Answer is 67.

As, 6+ 7

= 13

Also, when 67 is interchanged(76), the original no. is increased by 9.

7 0

3 years ago

In the economy of Ukzten in 2010, consumption was $6000, exports were $1000, GDP was $10,000, government purchases were $2000, a

Blababa [14]

Answer:

I= $1,600

Explanation:

We have to clear Investment from the GDP formula:

GDP= Consumption (C)+ Investment (I)+ Government expenditure (G)+ Net exports (exports-imports)

I=GDP-G-C-(X-M)

The problem gives this information:

GDP: $10,000

G: $2,000

C: $6,000

X: $1,000

M: $600

I= $10,000-$2,000-$6,000-($1,000-$600)

Investment in 2010=$1,600

7 0

3 years ago

After a business transaction has been analyzed and entered in a journal, the next step in the recording process is to transfer t

Jlenok [28]

After recording the transaction in journal you must record it on General Ledger.

3 0

3 years ago

How long does a developer keep a receipt of having given a public report to the buyer?

natita [175]

5 years long does a developer keep a receipt of having given a public report to the buyer.

A developer is an individual that builds and creates software and applications. He or she writes, debugs, and executes the source code of a software application. A developer is also known as a software developer, computer programmer, programmer, software coder, or software engineer.

A developer – also known as a programmer, coder, or software engineer – is an IT professional who uses programming languages to create computer software. What do software developers do? Developers write, test, debug and maintain applications. Developer roles can vary widely depending on the type of organization.

learn more about developer here

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5 0

1 year ago

Tentacle Television Antenna Company provided the following manufacturing costs for the month of June. Direct labor cost Direct m

Temka [501]

Answer:

C. $65,800

Explanation:

Fixed csot: those which do not change for a relevant range with the production output. They aer constant.

Factory insurance 21,000

Factory insurance 13,000

Factory manager's salary 10,800

Janitor's salary 5,000

Property taxes: <u> 16,000 </u>

Total Fixed Cost: 65,800

The direct materials and direct labor are variable cost as they drop to zero if no unit is produced.

Same goes with packaging cost, if no unit is produced then, no packagin is needed.

6 0

3 years ago