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Fynjy0 [20]
3 years ago
6

Recently, the government noticed that the consumption of cigarettes has increased among working individuals. To counter this inc

rease, the government decides to raise the cost of cigarettes by increasing the excise tax on them. After six months, the government observes that the consumption of cigarettes has decreased to some extent. Which type of taxation did the government use? direct tax indirect tax progressive tax proportional tax
Business
2 answers:
icang [17]3 years ago
8 0
Excise tax is a regressive tax. It is also an indirect tax.

Indirect taxes are those paid by individuals through their purchases. In this case, the excise tax imposed on cigarettes are indirect taxes because the price of the cigarette includes its corresponding excise tax, which the seller will pay to the government. In comparison, direct taxes are those that the individual pays directly to the government. An example of this is the income tax.
Luba_88 [7]3 years ago
4 0
It's just indirect tax
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I think the best way would be credit
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3 years ago
g Ms. White has entered the housing market in search of a suitable home. She has saved $10,000 for a down payment and has found
Svetradugi [14.3K]

Answer:

$89,418

Explanation:

It is important to realize that Ms. White has been honoring her mortgage payments for the 18 months that she owned the house.

So we can determine the amount of outstanding debt by constructing an amortization table.

Here, i will use a Financial Calculator to prepare the amortization table.

PV = $90,000

N = 20

I = 12

FV = 0

P/YR = 1

PMT = $11,172.93 (CALCULATED)

Period                 Principle        Interest        Payment            Balance

Beginning                                                                                $90,000

Year 1 End         $373              $ 10,800        $11,173               $89,627

Year 2 End        $417               $ 10,755         $11,173              $89,209

But for the Year 2 she only owned the house for 6 month (to 18 months).

Thus amount outstanding after 18 months is $89,418 ($89,627 - $209)

3 0
3 years ago
<img src="https://tex.z-dn.net/?f=%20%5Cfrac%7B4%7D%7B%20-%209%20%7D%20" id="TexFormula1" title=" \frac{4}{ - 9 } " alt=" \frac{
vlada-n [284]
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8 0
3 years ago
Need helpppp asapppp!
geniusboy [140]

Banks are for-profit, meaning they are either privately owned or publicly traded, while credit unions are nonprofit institutions. ... This means members generally get lower rates on loans, pay fewer (and lower) fees and earn higher APYs on savings products than bank customers.

hope this helped

5 0
3 years ago
The following transactions occur for Badger Biking Company during the month of June: a. Provide services to customers on account
a_sh-v [17]

Answer:

See below

Explanation:

Assets =

Liabilities + Stockholder's equity

Accounts receivables $34,000(+)

Revenue $34,000(+)

Cash $26,000(+)

Accounts receivables $26,000(-)

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Cash $3,400(-)

Retained earnings $3,400(-)

The first transaction increases asset(account receivable) by $34,000 while revenue(stockholder's equity) increased by the same amount

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7 0
3 years ago
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