Answer: C
Explanation:
A proportional tax is an income tax system where the same percentage of tax is levied on all taxpayers, regardless of their income. A proportional tax applies the same tax rate across low, middle, and high-income taxpayers.
In contrast, the progressive tax system adjusts tax rates by incomes. A marginal rate taxing system, such as the flat tax, has a constant rate for both businesses and individual taxpayer . In some instances, a sales tax can also be considered a type of proportional tax since all consumers, regardless of earnings, are required to pay the same fixed rate. The sales tax rate applies to goods and services, and the income of the purchaser is not a part of the equation. Other examples include poll taxes and the capped portion of the Federal Insurance Contributions Act (FICA) payroll deductions.
In a proportional tax system, all taxpayers are required to pay the same percentage of their income in taxes. For example, if the rate is set at 20%, a taxpayer earning $10,000 pays $2,000 and a taxpayer earning $50,000 pays $10,000. Similarly, a person earning $1 million would pay $200,000.
A automobile would be a asset
Answer: Code of ethics.
Explanation:
The code of ethics of a business establishment are the laid down rules that ensures that the business is run honestly and in accordance with the laws of the society the business operates in. The employees of a business establishment are made to study the business' code of ethics, so they can abide by them.
The generally accepted method of accounting for gains or losses from the early extinguishment of debt treats any gain or loss as <u> As per GAAP, the gain/loss from early extinguishment of debt, if material, should be recognized in the period of redemption. The gain/loss will be the difference between the reacquisition price and the net carrying amount of the debt.</u>
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Business accounting is the systematic recording, studying, interpreting, and supplying of monetary data. Accounting can be completed by way of one individual in a small enterprise, or by using exclusive teams in big businesses. Accounting is the way a business keeps tune of its operations.
The principle aim of accounting is to report and file an organization's monetary transactions, monetary overall performance, and cash flows. Accounting standards improve the reliability of economic statements.
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this is an example of semantic memory
<h3>What is
semantic memory?</h3>
Semantic memory refers to general world knowledge collected by humans over the course of their lifetimes. This general knowledge is influenced by experience and culture.
You are using semantic memory when you know what an object is, the name of a color, or the name of the president. Semantic memory is critical for children and students since it allows you to recall the facts that you are learning and being evaluated on.
Semantic memory is conscious long-term memory for the world's meaning, understanding, and conceptual facts. Semantic memory is one of two types of explicit, conscious, long-term memory, which is memory that may be recovered into conscious awareness after a considerable delay (from several seconds to several minutes).
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