1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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
You might be interested in
Discuss three common<br> criticisms of marketing
nalin [4]

Answer:

Criticism of marketing focuses largely on two areas: its “excesses” and its “expertness.” “Excesses” are about purposefully shoddy and objectionable products, inadequate warranties, deceptive or objectionable advertising, misleading packaging, questionable selling practices, and emphasis on tawdry values.

Explanation: You're Welcome.

4 0
2 years ago
A scientist has samples of both nitrogen (N2) and hydrogen (H2). Both of these substances are odorless, colorless gases at room
Alex17521 [72]

Answer: C.  A new compound formed when nitrogen and hydrogen chemically reacted.

Explanation:

Due to the temperature increase, the atoms of both Nitrogen and Hydrogen reacted chemically with one another and formed a new compound which was still colorless but now had a strong odor as well.

This new compound is known as Ammonia with the chemical composition NH₃. It is formed when Hydrogen and Nitrogen react chemically. Ammonia is a colorless gas with a sharp strong odor.

3 0
2 years ago
Abel Corporation uses activity-based costing. The company makes two products: Product A and Product B. The annual production and
Korolek [52]

Answer:

Activity 2= $11.15

Explanation:

Giving the following information:

Total Activity Activity Cost Pools Total Cost Product A Product B Total

Activity 2 $40,140 2,000 1,600 3,600

<u>To calculate the activity rate for Activity 2, we need to use the following formula:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Activity 2= 40,140 / 3,600

Activity 2= $11.15

4 0
2 years ago
HURRY IM BEING TESTED!!!!!! Which job in the Finance career cluster is ideal for a person with a master’s degree?
erma4kov [3.2K]

Answer:

i think it would be loan officer but im not sure sorry if thats wrong

4 0
3 years ago
Read 2 more answers
Based on the corporate valuation model, gray entertainment's total corporate value is $1,150 million. the company's balance shee
vagabundo [1.1K]

Answer:

$26.67 million

Explanation:

The computation of price per share is shown below:-

Total market value = $1,150 million + $120 million

= $1,270 million

Market value of equity = Total market value - value of debt - value of preferred stock

= $1,270 million - ($120 million + $300 million + $50 million)

=  $1,270 million - $470 million

= $800 million

Price per share = Market value of equity ÷ Stock outstanding

= $800 million ÷ $30 million

= $26.67 million

5 0
3 years ago
Other questions:
  • An expatriate manager who returns after a few years from an overseas assignment to find that there is no position for him in his
    10·1 answer
  • Who collects Federal Taxes? a. IRS b. INS c. Treasury d. Federal Reserve
    14·1 answer
  • What does it mean to take ownership of your own learning? In your response, describe the difference between active and passive l
    5·1 answer
  • Imagine that you are a parent with young children. You want to get
    12·1 answer
  • In the United States, which assessment system measures Inflation?
    12·1 answer
  • The price elasticity of a good will tend to be larger:
    14·1 answer
  • Bank "A" is offering 2% interest and a $100 debit card on a newly opened savings account with a minimum balance of $1,000 for on
    14·2 answers
  • Rianne has to choose between returning to graduate school to pursue her love of philosophy or going to work for a bank in town.
    11·1 answer
  • A company purchased land for $90,000 cash. Real estate brokers' commission was $5,000 and $7,000 was spent for demolishing an ol
    10·1 answer
  • Suppose public authorities were contemplating locating a hazardous waste incinerator in a particular community. If the members o
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!