A pure market economy is also called capitalism. or pure capitalism.
Answer:
C. an average rate, regardless of the level of income
Explanation:
The average tax rate is the proportion of tax over total income that a person pays.
A proportional income tax applies the same rate for all people, regarless of income.
For example, if the proportional income tax rate is 15%, the person who made $100,000 dollars in a year pays $15,000 because $100,000 x 15% = $15,000.
And the person who made $30,000 in a year pays $4,500 in taxes because $30,000 x 15% = $4,500.
Proportional income taxes are regressive because they place a higher tax burden on lower earners. People who make less money, but still have to pay tax, are left with even less income, and this can lead them into poverty if they are not poor already.
Answer:
rules and regulations for fund transfers
Explanation:
Article 4A of the Uniform Commercial Code establishes the rules and regulations for fund transfers. Like mentioned in the question this regulates the creation as well as the collection of commercial wire transfers, such as bank transfer, checks and even deposits.This is done in order to prevent fraud and make sure all money is tracked and accounted for legally.
Answer: Option (C)
Explanation:
Under single-period inventory model,
<em>Overage cost = Cost/unit - Salvage value/unit</em>
Single-period inventory model is referred to as or known as a business situation faced by the organization that tends to order seasonal items. There tends to be the costs which occur to both ordering too little or too much, and thus organization's managers tries to get its order correct for the first time in order to minimize chances of loss.
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