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3 years ago

Which sentence best describes a flat tax?

History

2 answers:

tatuchka [14]3 years ago

7 0

The correct answer is: "A flat tax taxes all taxpayers at the same percentage"

A flat tax is a type of tax based on the establishment of a <u>constant tax rate, that will be applied to the total income earned by an individual, a household or a corporation.</u> Therefore, a proportional tax would be a flat tax, as the total amount to be paid in concept of taxes is calculated as a proportion of the total income, and the size of such proportion is in fact indicated by the tax rate.

The other two types of taxes would be progressive and regressive, that consist on a tax rate that increases or decreases (respectively), the larger the income earned is.

Gwar [14]3 years ago

4 0

The best option from the list would be that "<span>A flat tax taxes all taxpayers at the same percentage," since this is in contrast to a "progressive tax," which taxes people with different incomes at different percentages. </span>

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A carpenter purchased 70 ft of redwood and 80 ft of pine for a total cost of $351. A second purchase, at the same prices, includ

notsponge [240]

Hey there!!

Let us take the cost of 1 feet redwood as ' x '

Let us take the cost of 1 feet pine as ' y '

For the first scenario :

70 ft red wood and 80 ft pine

1 feet redwood - $x

70 feet redwood - $70x

1 feet pine - $y

80 feet pine - $80y

Total = $351

70x + 80y = 351 --------------------------------- ( 1 )

Second scenario :

1 feet redwood - $x

100 feet redwood - $100x

1 feet pine - $y

60 feet pine - $60y

total - $420

100x + 60y = 420 ----------------------- ( 2 )

Now let us get both the equations together :

70x + 80y = 351 ------------- ( 1 )

100x + 60y = 420 ------------- ( 2 )

Now let us multiply the the 1st equation with 3 and the 2nd equation with 4

3 ( 70x + 80y ) = 3 ( 351 )

4 ( 100x + 60y ) = 4 ( 420 )

............................

210x + 240y = 1053

400x + 240y = 1680

...........................

Now let us subtract the first equation from the second ...

400x + 240y = 1680

- ( 210x + 240y ) = - ( 1053 )

......................

190x = 627

dividing by 160 on both sides

x = 627 / 190

x = 3.3

The cost for 1 feet or per foot for the redwood is $3.3

Now substitute the value of x in any given given equation and find out y

I will substitute in the 1st equation

70x + 80y = 351

70 ( 3.3 ) + 80y = 351

231 + 80y = 351

Subtracting by 231 on both sides

80y = 351 - 231

80y = 120

dividing by 80 on both sides

y = 120 / 80

y = 1.5

The cost for 1 feet or per foot for the pine = $1.5

The answers - $3.3 ( redwood ) ; $1.5 ( pine )

Hope my answer helps!

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