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Hitman42 [59]
3 years ago
13

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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Vaughn Manufacturing has estimated that total depreciation expense for the year ending December 31, 2021 will amount to $591000,
natali 33 [55]

Answer:

$915,000

Explanation:

Because half of the depreciation expense, and the expense on bonuses has already been reported by June 30,2021 (the half of the year), only hafl of the total money spent on the two items will have to be reported for the interim income statement ended on December 31, 2021:

$591,000 / 2 = $295,500

$1,240,000 / 2 = $620,000

Now, we simply add up these two figures:

$295,500 + $620,000 = $915,000

5 0
3 years ago
Item 6Item 6 Suppose that the firm's only variable input is labor. When 50 workers are used, the average product of labor is 50
Kipish [7]

Answer:

$1.07

Explanation:

The marginal cost measures the change in total cost of adding on more worker divided by the change in product for this additional worker (marginal product of labor). When adding one more worker, costs will increase by $80 (wage rate), while product will increase by 75. Therefore, the marginal cost is:

MC=\frac{80}{75}\\MC=\$1.07

The marginal cost is $1.07.

3 0
3 years ago
Which pattern of internal migration is most often found in developed countries?
NISA [10]
<span>Seasonal migration is the pattern that is normally found in countries that are developed. This occurs because people tend to visit whatever vacation spots are currently popular and spend at least a week in that location. This pattern is much less likely to occur in countries that are undeveloped.</span>
5 0
3 years ago
If you take out a loan, which two things do your loan payments go toward?
Fofino [41]

Answer:

D. Principal and interest

7 0
2 years ago
Whenever Jane is successful she takes full credit for what has happened, but whenever she is unsuccessful she attributes her fai
Nat2105 [25]

Answer:

The correct answer is E) self-serving bias.

Explanation:

Self-service bias, or bias due to personal interest, appears when people request responsibility with greater interest for their own successes than for their own failures or failures. It also manifests itself when people tend to evaluate ambiguous information in a way that benefits their own interests. Dale Miller and Michael Ross were the first to suggest this attributional bias. Self-service also arises as a result of statistical bias as a result of people thinking, due to their self-esteem, that in certain areas it is better than average. For example: most drivers think they drive better than average.

5 0
2 years ago
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