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Virty [35]
3 years ago
15

With a regressive tax system, as the level of income increases in an economy, the average tax rate will: 
A. Increase
B. Decreas

e
C. Remain constant
D. Either increase or decrease
Business
1 answer:
Ostrovityanka [42]3 years ago
6 0

Answer:

The correct answer to the following question is option B) decrease.

Explanation:

Regressive tax is that of tax which is imposed in such manner that when the income level in the economy increases , the average tax rate would decrease. This type of tax has heavy burden on the low income people as it takes high proportion of their income. So it can be said here that there is an inverse relationship between tax payer's ability to pay ( which can be measured in income , assets or consumption) and the tax rates imposed.

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Manufacturing overhead for the month was underapplied by $6,000. The company allocates any underapplied or overapplied manufactu
nikitadnepr [17]

Answer:

b. debit to Work in Process of $660.

Explanation:

Particulars        Work in         Finished   Cost of Goods Sold Total

                           Process  Goods

Manufacturing

overhead

applied during

the month    9680         9680       68640       88000

Percentage of total 11.0% 11.0% 78.0% 100.0%

Allocation of under-applied

manufacturing overhead   660    660         4680          6000

5 0
2 years ago
Which is an example of a withholding you might see on your pay stub?
vazorg [7]
<span>health insurance
retirement savings</span>
3 0
3 years ago
Read 2 more answers
your local pawn shop loans money at an annual rate of 24 percent and compounds interest weekly. What is the actual rate being ch
Alika [10]

Answer:

27%

Explanation:

The actual rate being charge on these loans is the effective annual rate and the formula to calculate it is:

i=(1+(r/m))^m−1

i= effective annual rate

r= interest rate in decimal form=0.24

m=number of compounding periods per year= 52 (a year has 52 weeks).

i=(1+(0.24/52))^52-1

i=1.27-1

i=0.27

According to this, the answer is that the actual rate being charge on these loans is 27%.

6 0
3 years ago
Within the​ growth-share matrix,​ "cash cows" are​ __________.
Flura [38]

Within the​ growth-share matrix,​ "cash cows" are low-growth, high-share businesses or products.

4 0
3 years ago
A volunteer must review photo identification for every taxpayer to deter the possibility of identity theft.
Serjik [45]

Answer:

Answer of the following statement is TRUE .

Explanation:

Identity theft remains an issue worldwide.

  • The interview should begin with demanding picture id to check the tax payer's and partner's identity on both the tax form.
  • Exceptions must only be provided under extreme situations for requesting photo Identification and for clients reported to the site upon approval by the site administrator.

8 0
3 years ago
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