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mixas84 [53]
3 years ago
12

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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The price elasticity of demand in the United States for crude oil has been estimated to be minus 0.061 in the short run and minu
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Answer: B. is more price elastic in the long run than in the short run because in the long run a substitute for crude oil may be found

Explanation:

The Demand for Crude oil is more elastic in the long run than in the short run because in the long run a substitute for crude oil may be found.

Crude oil is more elastic in the long run because consumers have enough time to find substitute products for crude oil. Price elasticity of demand in the short run  is low because consumers donot have sufficient time to look for substitutes , they donot have much of a choice but to take whatever price is charged by producers of crude oil

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Melrose Company has an investment in bonds issued by Roscoe Industries that are classified as available-for-sale securities. The
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Answer:

c. Debit to Fair value adjustment for $30,000

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As the bond price is amortized earlier by 5,000 then its net realizable value was $195,000 ( $200,000 - $5,000 ). on December 31, year 3 the fair value adjusted to $225,000. so the adjusted value will be $30,000 ( $225,000 - $195,000 ). The journal entry is as follow  

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Dec 31, year 3

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2 years ago
Americans are beginning to rely more on _________ as their source for news. ap gov
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3 years ago
You are considering buying a stock with a beta of 3.05. If the risk-free rate of return is 8.0%, and the expected return for the
elena55 [62]

Answer:

38.5%

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RRR = Rf + β (Rm - Rf)

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