All categories

3 years ago

A large component of regressive taxes is taken from which type of families?

Business

2 answers:

romanna [79]3 years ago

8 0

Answer: A large component of regressive taxes is taken from low-income families.

When the percentage of taxes paid relative to income is higher, then the taxes are known as regressive taxes.

The chance that a uniform tax is regressive is higher.

A regressive tax is a bigger burden on individuals from low income than those with higher income.

Hence a large portion of regressive taxes are collected from families with low income.

lina2011 [118]3 years ago

3 0

Answer:

Low income Families.

Explanation:

A large component of regressive taxes is taken from the Low Income Earning Families.

Regressive taxes is the opposite of progressive taxes in which large component of taxes are taken from the high income earning families.

Regressive taxes are not liked among people because this type of tax put a huge burden on people who already have low incomes. Low income earners fulfill their needs very complexly, this type of tax leave them with the deprivation of their basic necessities.

You might be interested in

Tom finds out that his coworker is sharing confidential information with a competitor. What should Tom do to handle the situatio

omeli [17]

i just asked my brother , and he goes to business school at bentley university in massachusetts, he said he was in a similar situation he said that reporting it to your supervisors is the best idea.

your welcome!!

5 0

3 years ago

A high school student working part-time as a shelf stocker had a gross income of $6675 last year. If his federal tax rate was 10

Natalka [10]

Answer:$1378.38

Explanation:

7 0

3 years ago

Read 2 more answers

Assume the real rate of interest is 3.00% and the inflation rate is 6.00%. What is the value today of receiving 14,488.00 in 13.

OverLord2011 [107]

Answer:

Present Value= $15,874.25

Explanation:

Giving the following information:

Assume the real rate of interest is 3.00% and the inflation rate is 6.00%. What is the value today of receiving 14,488.00 in 13.00 years?

<u>This is a rare case where the interest rate is negative:</u>

Interest rate= 0.03 - 0.06= -0.03

Having said this, the present value is higher than the final value:

PV= FV/ (1+i)^n

PV= 14,488/ 0.97^3= $15,874.25

6 0

4 years ago

Target profit a.are when sales and costs are exactly equal. b.can be calculated by modifying the break-even equation. c.equals d

Irina-Kira [14]

Answer:

b. can be calculated by modifying the break-even equation.

Explanation:

As the name implies, target profit can be explained to be the certain amount a business enterprise or a business organisation targets to hit at the end of its sales or at the end of her business dealings.

It can be easily seen in a cash flow planning as it is once modified to approximate cash flow, and also used for revealing expected results to investors and lenders. In all that it is been used for, in the scenario above, it also can be calculated by modifying the break-even equation, and deriving more conservative budgeting packages in business development too.

Adjust the contribution margin per unit and units sold based on an expected sales promotion.

Alter the fixed cost total and the contribution margin per unit for the effects of outsourcing production.

Alter the contribution margin for the effects of changing to a just-in-time production system.

If there is continually a large unfavorable variance between the target and actual profit, it may be necessary to examine the system used to derive the target profit,

7 0

3 years ago

Because of the relatively high interest rates, most consumers attempt to pay off their credit card bills promptly. However, this

telo118 [61]

Answer:

a) Proportion = 41.3%

b) Proportion = 9.18%

c) Proportion = 13.35%

d) Interest payment = $37.28

Explanation:

We have normal distribution with mean = 29 and standard deviation = 9

a) The proportion of the bank’s Visa cardholders pay more than $31 in interest is:

P(X > 31) = $(\frac{X-29}{9}>\frac{31 -29}{9})$ = P (Z > 0.22) = 1 - P (Z ≤ 0.22) =

1 - 0.58706 = 0.41294 = 41.3%

The proportion of the bank's Visa cardholders pay more than 31 dollars in interest is 41.3%.

b) The proportion of the bank’s Visa cardholders pay more than $31 in interest is:

P(X > 41) = $(\frac{X-29}{9}>\frac{41 -29}{9})$ = P (Z > 1.33) = 1 - P (Z ≤ 1.33) =

1 - 0.90824 = 0.09176 = 9.176% ≈ 9.18%

The proportion of the bank's Visa cardholders pay more than 31 dollars in interest is 9.18%.

c) The proportion of the bank’s Visa cardholders pay more than $31 in interest is:

P(X > 19) = $(\frac{X-29}{9}>\frac{19 -29}{9})$ = P (Z < -1.11) = 1 - P(Z ≤ -1.11)) =0.13350 = 13.35%

The proportion of the bank's Visa cardholders that paid less than 19 dollars in interest is 13.35%.

d) Let's suppose this amount of payment is Y:

Therefore P(X > Y) = 0.18

so P(X < Y) = 0.82

Utilizing standard normal approximation

P(X ≤ Y) = $(\frac{X-29}{9}\leq \frac{Y -29}{9})$ = P (Z ≤ $\frac{Y-29}{9}$ ) = 0.82

Form the standard normal table we find that $\frac{Y-29}{9}$ = 0.92

Therefore,

Y - 29 = 9×0.92

Y - 29 = 8.28

Y = 8.28 + 29 = 37.28

Therefore $37.28 of interest payment is exceeded by only 18% of the bank's Visa cardholders.

3 0

4 years ago