All categories

3 years ago

The flat tax

Business

1 answer:

Katen [24]3 years ago

8 0

Answer:

c. departs from ability-to-pay principle of taxation.

Explanation:

The flat tax rate requires every person to pay the same percentage of their incomes as a tax component. Basically there is no distinction in earning $1,000 or $10,000.

This means the principle of taxation that is the rich class shall pay in order to provide basic facilities to the poor will not meet, if rich and poor are charged the same.

Accordingly this tax system departs from the basic principle of taxation.

You might be interested in

The marginal product of labor is defined as

Alja [10]

Answer:

The correct answer is C. the change in output that a firm produces as a result of hiring one more worker.

Explanation:

The marginal productivity is the variation that the production of a good experiences when increasing a unit of a productive factor of the same, remaining the rest constant.

It is an economic index that is used to express and measure changes in the result of a productive process once the variables that affect it change. That is, the productive factors. This measure expresses the variations and intensity of these in the face of changes in productive elements, thus deciphering the importance of each one of them for the total calculation.

4 0

3 years ago

Ayman has a credit card with a balance of $4750 CAD and an annual interest of 21.5% compounded

kirza4 [7]

#4 $5886.00 is the answer

5 0

3 years ago

Need help 1.-10. A.-J.

Masteriza [31]

1. The Party ordered to pay a draft is the drawee

2. Instruction that directs a bank not to pay a check that has been lost or stolen is a stop payment order.

3. Party to whom commercial paper is made available is the payee.

4. Unconditional written order by one person that directs another person to pay money to a third person is a bill of exchange.

5. Type of draft by which a bank depositor orders the bank to pay money, usually to the order of a third party or to the bearer of the instrument is a check.

6. Person who executes or draws the draft and orders payment be made is the drawer.

7. The drawee's promise to pay the draft when due is called acceptance.

8. Unconditional written orders or promises to pay money are called commercial paper.

9. To refuse to pay when due is called dishonor.

10. The person who executes a promissory note is the maker.

7 0

3 years ago

An example of a nondepository financial institution is which of the following?

Nostrana [21]

The answer is C - Brokerage Firm

7 0

3 years ago

Read 2 more answers

Assume a bond is currently selling at par value. What will happen in the future if the yield on the bond is lower than the coupo

Elden [556K]

Answer:

The answer is 'The price of the bond will increase'

Explanation:

Bond and its price are indirectly related i.e If one goes up, the other goes down. What this means is that, if the yield of the bond is lower than coupon rate(coupon rate greater than bond yield), the price of the bond will increase. And also if the yield of the bond is higher than coupon rate(coupon rate lower than bond yield), the price of the bond will decrease.

8 0

4 years ago