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4 years ago

A tax is regressive if it takes a:

Business

2 answers:

alekssr [168]4 years ago

5 0

A tax is regressive if it takes a Smaller fraction of dollars as income rises.

A regressive tax takes a greater proportion of the income of lower-income groups than of higher-income groups.

Explanation:

A regressive tax takes a greater proportion of the income of lower-income groups than of higher-income groups.

Some common terminologies with reference to tax

Regressive Tax :A tax for which the percentage of income paid in taxes decreases as income increases.

Progressive Tax: A tax for which the percentage of income paid in taxes increases as income increases

Proportional tax:A tax for which the percentage of income paid in taxes remains the same for all incomes

Tax Base:income, property, good, or service that is subject to a tax

Tax Incentive :the use of taxation to encourage or discourage certain behavior

True [87]4 years ago

5 0

Answer:

Explanation:

A tax is regressive if it takes a Smaller fraction of dollars as income rises.

A regressive tax takes a greater proportion of the income of lower-income groups than of higher-income groups.

Explanation:

A regressive tax takes a greater proportion of the income of lower-income groups than of higher-income groups.

Some common terminologies with reference to tax

Regressive Tax :A tax for which the percentage of income paid in taxes decreases as income increases.

Progressive Tax: A tax for which the percentage of income paid in taxes increases as income increases

Proportional tax:A tax for which the percentage of income paid in taxes remains the same for all incomes

Tax Base:income, property, good, or service that is subject to a tax

Tax Incentive :the use of taxation to encourage or discourage certain behavior

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DanielleElmas [232]

$concealment$

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4 years ago

Meredith, Linda, and Peter are working together in a project team at a home appliances company. They had to select two out of fi

I am Lyosha [343]

Answer:

a) avoiding

b) accommodation

Explanation:

a) Meredith feels uncomfortable with confrontations, she chooses to remain neutral while staying away from the discussion, so it is correct to say that she used the style of avoiding conflict resolution, which occurs when individuals prefer to avoid a situation that can generate conflicts as in the case described in the matter, and so they prefer to act diplomatically avoiding confrontations and not giving opinions contrary to a given situation.

b) Linda used the accommodation style as she gave in to Peter's demands for the choice of products. In this style, the individual values the relationship with the other individual above his personal opinion, and therefore gives up on maintaining the conflict because of a situation that is less important to him than the maintenance of the relationship.

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4 years ago

When modeling the flow of income and expenditures in an economy the two principal participants are households (consumers) and fi

horrorfan [7]

Answer:

It must be found that the income of a home flows in a very habitual way day by day because the expenses that are generated in the daily living are many.

Regardless of the number of family members that make up a household, the flow of income will always correspond to a good or benefit to satisfy a basic or secondary need.

Explanation:

Other income that can flow from a household are those that are made through bank transactions, for scholarship payments, credit cards, or other types of transactions that allow households to make a profit.

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3 years ago

If accounts receivable and inventories increased by $85,000 (total), accounts payable increased by $14,000, and depreciation add

scoundrel [369]

Answer:

We can't define the firm's net income without additional information as either (1) or (2):

1) Revenues/ all income, and all expenses

2) Operating cash-flow together with interest expense, and tax rate

Explanation:

If we can have the operating cash-flow, then we can define EBIT (profit/ earnings before tax and interest) as below:

Operating cash-flow = EBIT + depreciation - increase of accounts receivable and inventories + increase of accounts payable.

Assuming Operating cash-flow is $100,000 then we have:

EBIT = $100,000 + $64,000 - $85,000 + $14,000 = $93,000

Assuming the firm have no interest expense and tax rate is 35%, then net profit = EBIT*(1- tax rate) = $93,000 * (1-35%) = $60,450

6 0

4 years ago

On December 31, Sulfur Corporation has the following data available: Net Income $ 170 comma 000 Interest expense 30 comma 000

Gnom [1K]

Answer:

40%

Explanation:

The computation of the return on equity is shown below:

= (Net income - interest expense) ÷ (weightage average of common stockholders' equity)

where,

Weightage average of common stockholders' equity equals to

= (Total common stockholders' equity at the beginning of the year + Total common stockholders' equity at the end of the year) ÷ 2

= ($410,000 + $290,000) ÷ 2

= $350,000

And, the other items values would remain the same

Now put these values to the above formula

So, the value would be equal to

= ($170,000 - $30,000) ÷ ($350,000)

= 40%

5 0

3 years ago