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3 years ago

A progressive tax is such that

Business

1 answer:

Nastasia [14]3 years ago

7 0

Answer:

1. True. The tax rates are higher, the greater one's income

Explanation:

1. True. Progressive tax is defined as a tax whose rate increases as the payer's disposable income increases. The implication is that ,individuals who earn high incomes have a greater proportion of their incomes taken to pay tax.

A perfect example of progressive tax is income tax whose rate is tied directly to personal income income.

2. False. The rate increases as the disposable income of the tax payer increases under progressive tax

3.False. Entrepreneurial income will be taxed after adjusting for allowobale and non-allowable income and expenses and relevant loss relief.

4. False. The revenue realised from progressive taxes are utilized by the government as stipulated in the budget.

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If the structural unemployment rate is 3%, the frictional unemployment rate is 2%, and the cyclical unemployment rate is 4%, the

Damm [24]

Answer:

False

Explanation:

In this scenario, the natural rate of unemployment would be 5% = 3% of frictional unemployment plus 2% of cyclical unemployment. The other type of unemployment that is part of the natural rate is not referenced in the question (surplus unemployment).

Cyclical unemployment is not added up because it is not part of natural unemployment.

In fact, what natural unemployment basically is, is unemployment that does not depend on business cycle, that is not cyclical. In that sense, cyclical unemployment is totally the opposite to natural unemployment, and you only reach a rate of natural unemployment, when cyclical unemployment is eliminated in a healthy economy.

5 0

3 years ago

Bessie started a smell busiess with her brother . After a year, they made a good profit. they than shared the profit equally as

ratelena [41]

Answer:

sorry

Explanation:

there is no answer

7 0

3 years ago

A company was the victim of several frauds that totaled approximately $10 million in one year. With a profit margin of 10 percen

Arisa [49]

Answer:

100,000

Explanation:

Given that

Approximately frauds = $10 million

Profit margin = 10%

And the sale value of the product per unit = $1,000

So by considering the above information, the additional units is

= Approximately frauds × Profit margin

= $10 million × 10%

= 100,000

So by multiplying the approximate frauds with the profit margin we can get the additional units

8 0

3 years ago

Suppose an economy produces only cranberries and maple syrup. In 2010, 50 units of cranberries are sold at $20 per unit and 100

mestny [16]

Answer:

A. 90

Explanation:

nominal GDP = 50*20 + 100*8 = 1800

real GDP = 50*10 + 100*15 = 2000

GDP deflator = (nominal GDP/ real GDP)*100 = (1800/2000)*100 = 90

5 0

2 years ago

Read 2 more answers

You go to a flea market and buy a used color TV set for $100. One day you receive a notice that the owner of the TV, which had b

enyata [817]

Answer:

In a situation when

You go to a flea market and buy a used color TV set for $100. One day you receive a notice that the owner of the TV, which had been stolen from her house and sold by the thief at the flea market, wants the set back. She says if you do not return the TV she will sue you for:

a. conversion, and probably win even though you did not know the set was stolen

Explanation:

Seeing for Conversion is when a person claims that you stole property from him or her. It is the equivalent of theft charges. Prosecutors are the ones that have to bring justice to these kinds of situations, and they can be carried out in small local courts or by the retirement of an attorney to follow the case. Nevertheless, if the person is found innocent, the accused can sue for damages.

8 0

2 years ago