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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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In the context of the 5S principles, _____ means to keep a process going through training, communication, and organizational str

alina1380 [7]

In the context of the 5S principles, sustain means to keep a process going through training, communication, and organizational structures.

<h3>What is 5S principles? </h3>

5s principles can be defined as the principle that help to show the appropriate way a work place or work environment should be or should be arranges .

The 5S principle are:

Sort
Set in order
Shine
Standardize
Sustain

Therefore In the context of the 5S principles, sustain means to keep a process going through training, communication, and organizational structures.

Learn more about 5s principles here:brainly.com/question/10001029

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5 0

2 years ago

The is the interest rate that a firm pays on any new debt financing. Andalusian Limited (AL) can borrow funds at an interest rat

valina [46]

Answer:

5.34%

The correct option is C,5.60%

Explanation:

The are two requirements here,the first is after cost of debt for the first part of the case study and after tax cost of debt for the second part of the scenario:

1.after tax cost of debt=pretax cost of debt*(1-t)

pretax cost of debt is 9.7%

t is the tax rate at 45% or 0.45

after tax cost of debt=9.7%*(1-0.45)=5.34%

The pretax cost of debt here is computed using the rate formula in excel:

=rate(nper,pmt,-pv,fv)

nper is the number of times the bond pays coupon interest which is 15

pmt is the annual coupon interest receivable by investors i.e $1000*12%=$120

pv is the current market price of the bond which is $1,136.50

fv is the face value of the bond at $1000

=rate(15,120,-1136.50,1000)

rate =10.19%

after tax cost of debt=10.19% *(1-0.45)=5.60%

7 0

3 years ago

Which of the following resources is most helpful to learn more about careers?

ASHA 777 [7]

A. The Occupational Outlook Handbook

4 0

3 years ago

Read 2 more answers

Reserves decrease if the Federal Reserve?a. raises the discount rate or auctions more credit. b. raises the discount rate but no

sweet-ann [11.9K]

Answer:

D. lowers the discount rate but not if it auctions more credit

Explanation:

Discount rate adjustment and Federal Reserve's auction have the following effects on reserves.

Discount rate adjustment: a higher discount rate will encourage investment in the US economy, thus leading to increased reserves as investment inflows increase.

On the other hand, a lower discount rate encourages investment outflow into other jurisdictions with higher yields, thus reducing reserves.

Auction: auctioning more credit will result in the movement of investment flows into the Federal Reserve (an increase in reserves) as investors invest in auctions. Vice versa.

Therefore, a mix of lower discount rate and not auctioning more credit will result in lower reserves.

8 0

3 years ago

"Assume that Bullen issued 12,000 shares of common stock with a $5 par value and a $47 fair value for all of the outstanding sha

Ghella [55]

Answer:

Additional paid in capital in excess of par value is any amount of money received through issuing stocks at a higher value than par:

additional paid in capital = ($47 - $5) x 12,000 stocks = $42 x 1,200 = $504,000

Additional paid in capital does not affect retained earnings, so retained earnings should remain unchanged.

8 0

3 years ago