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.
To learn more about tax from the given link :
brainly.com/question/16423331
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Answer:
The cost outweigh the benifits by 3,700 dollars.
Explanation:
The benifits outweigh the cost if total benifits are more than total costs/spendings. Detail calculation to check the requirement of question is given below.
Spending
Software Cost $ 10,800
Employee Training $ 8,700
Hardware upgradation cost $ 12,300
Total spending $ 31,800 -A
Benifits
Inventory tracking system $ 28,100
Total Benifits $ 28,100 -B
Saving B-A ($ 3,700)
Answer:
The answer is: B) Charles is starting from almost scratch developing a prospect and customer base and may lose some current customers because he does not know about them.
Explanation:
Obviously Charles doesn't know the customers the old sales representative had and three weeks may not be enough time for Charles to get to know them and gather enough information about them either.
So basically, Charles is starting from scratch and needs to develop his own customer database. Doing so will consume time and effort, and possibly Charles will lose some sales because of this. Eventually he will need to catch up and probably match and even exceed the previous salesman's sales records.