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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 sometimes 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.

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Complete the Transaction Worksheet: On the form provided, identify the accounts affected by each transaction and the amount of i

antiseptic1488 [7]

Answer:

I used an excel spreadsheet because there is not enough room here.

Explanation:

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3 years ago

Gracies insurance premiums are $131 per month. This year she also paid a 500 deductible and 20% of 3200 for a minor accident. Ho

olga55 [171]

131 x 12= 1,572

500 + 1,572 + 640 (20% of 3,200)

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3 years ago

JBS Inc. recently reported net income of $4,750 and depreciation of $885. How much was its net cash provided (used) by operation

stepan [7]

Answer:

net cash provided is $5,635

Explanation:

Amount ($)

Net Income 4,750

Depreciation 885

Change in inventory (200)

Change in accounts payable 200

Net cash flows from Operation 5,635

The depreciation is a none cash item that was initially deducted to get the net income, hence it is added back in the cash flows statement.

An increase in inventory represents an outflow of cash hence the negative value. The increase in trade payable is an increase in a liability representing an inflow of cash hence it is positive.

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3 years ago

What are considered part of a country’s infrastructure?

Kazeer [188]

Infrastructure are buildings and facilities that support and serve the society. (Electric grids, sewer systems, roads, airports, railroads, etc.)

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3 years ago

Outdoor Adventures is a company that sells clothing and gear related to all types of outdoor activities. In an effort to stave o

MAVERICK [17]

Answer: (C) Relationship marketing

Explanation:

The relationship marketing is one of the type of marketing form that helps in providing the various types of campaigns in order to understand the actual response of the consumer about the brands and the products.

The main objective of the relationship marketing is that it helps in creating the various types of new characteristics of the products based on the requirement of the customers and also strengthening the relations with the consumers.

According to the given question, the given company efforts is basically illustrating that the company is basically engaging in the relationship marketing.

Therefore, Option (C) is correct answer.

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3 years ago