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3 years ago

What is the principle that justifies a regressive tax?

Business

2 answers:

bixtya [17]3 years ago

7 0

Answer:

Benefits-received principle

Explanation:

This principle says that the people who benefit most from government assistance programs should be the one to pay for them. Regressive taxes represent a higher portion of money for low income families, with the idea that it is okay because the government provides more services for low income families.

marishachu [46]3 years ago

7 0

Answer:

The benefits received principle

verified of a p e x

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Worker Corporation allocates its single support department to its operating departments based on the single rate method using ma

Firlakuza [10]

Answer:

$85 per machine hour

Explanation:

Actual Budgeted

Fixed costs $50,000 $47,960

Machine hours – Assembly 1,900 1,976

Variable costs – Assembly $121,000 $120,000

since the single rate method does not distinguish between fixed or variable costs, in order to determine the cost allocation rate we must add the fixed allocation rate and the variable allocation rate:

variable allocation rate = $120,000 / 1976 machine hours = $60.73
fixed allocation rate = $47,960 / 1976 = $24.27

total = $60.73 + $24.27 = $85 per machine hour

7 0

3 years ago

Gig Harbor Boating is the wholesale distributor of a small recreational catamaran sailboat. Management has prepared the followin

ANEK [815]

Answer:

Budgeted Income Statement for the year

Sales (820 units × $ 2,130) $1,746,600

Less Cost of Sales (820 units × $ 1,500) ($1,230,000)

Gross Profit $516,000

Less Operating Expenses :

Selling and administrative expense

Variable (820 units × $ 75) ($61,500)

Fixed ($400,000)

Operating Profit $54,500

Less Non - Operating Expenses :

Interest ( $29,000)

Net Income / (Loss) $25,500

Explanation:

Income Statement shows the company`s performance from its operations.

Income / (Loss) = Sales - Expenses.

4 0

3 years ago

Mark the statements that are TRUE.

trasher [3.6K]

Answer:

true statements are

5 0

2 years ago

Read 2 more answers

Bacchus Enterprises has $12B in book value of common stock selling at a book to market rate of 1.35 and a beta of 1.5. The combi

goldfiish [28.3K]

Answer: 16.3%

Explanation:

Given the details in the question, the cost of preferred capital can be calculated using the CAPM method.

Cost of preferred stock using the Capital Asset Pricing Model is:

= Risk free rate + Beta * ( Market return - Risk free rate)

= 4% + 1.23 * (14% - 4%)

= 16.3%

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3 years ago

June Inc. issued 9,000 nonqualified stock options valued at $27,000. Each option entitles the holder to purchase one share of st

Vilka [71]

Answer:

The right solution is "$3,000 favorable".

Explanation:

The standard taxation deduction throughout the year 2019 is nothing more than the differentiation seen between strike amount of $9 as well as the market value of the company stock of $5.

Besides book specific reason, calculated by multiplying the total number of possibilities used:

⇒ $(9-5)\times 3000$