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Schach [20]
4 years ago
15

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

Business
2 answers:
romanna [79]4 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]4 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.

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6 0
3 years ago
Which of the following is NOT considered a step in activity-based costing?
statuscvo [17]

Answer: C. Identify a single overhead rate as the predetermined overhead rate.

Explanation:

Activity based costing works by assigning indirect and overhead costs to the activities that caused the costs to be incurred and then assigning those activities to the products those activities helped produce such that indirect and overhead costing is more accurate.

The steps involved include, tracing and allocating overhead costs to activity coat pools, identifying and classifying the major activities involved in the manufacture of specific products, and assigning overhead costs to products based on cost drivers.

It does not include identifying a single overhead rate as the predetermined overhead rate. This is a step is in Standard Costing.

4 0
3 years ago
If $3,000 is invested at 7% for 6 months, how much simple interest is earned?
Savatey [412]
The first one is
a. 105
because .07 x .5 x 3000 is equal to 105.

I'm not sure about the second one though.
3 0
3 years ago
Carver Packing Company reports total contribution margin of $49,200 and pretax net income of $24,600 for the current month. In t
ddd [48]

Answer: 2.0 and 16%

Explanation:

The degree of operating leverage and the expected percent change in income, will be calculated thus:

Operating leverage will be:

= Contribution margin / Net operating income

= 49200 / 24600

= 2

Then, percentage change in income will be:

= %change in sale × operating leverage

= 8% × 2

= 16%

4 0
3 years ago
Catharine, Inc. is considering issuing additional long-term debt to finance an expansion. The company currently has $20 million
sladkih [1.3K]

Answer:

$10 million

Explanation:

Calculation for How much additional 10 percent debt can Catharine, Inc issue

First step is to find the EBT

EBT = $3.0 / (1 - 0.40)

EBT= $5.0

Second step is to find the EBIT

EBIT = $5.0 + $1.0

EBIT= $6.0

Third step is to find the Interest permitted using this formula

Interest permitted = EBIT / Times interest earned

Let plug in the formula

Interest permitted = $6.0 / 3.0

Interest permitted = $2.0

Fourth step is to find the Additional interest amount

Additional interest = $2.0 - $1.0

Additional interest = $1.0

Last step is to compute the Additional debt amount

Additional debt = $1.0 / 0.1

Additional debt= $10 million

Therefore the Additional debt will be $10 million

5 0
3 years ago
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