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3 years ago

What is progressive tax and what is it based on?

Business

2 answers:

Nata [24]3 years ago

8 0

Explanation:

When the percentage of tax on the taxable income increases with the increase in the income of a person, it is called as the Progressive Tax. Its name suggests that as the income progresses, the tax also progresses. More the income, more the tax and vice versa. There are three main types of taxes, one is Proportional Tax, other is Progressive and the last one is Regressive tax. Out of these three, this progressive tax is the one which increases with the increase in the taxable income of the taxpayer.

kozerog [31]3 years ago

3 0

A progressive tax takes a larger percentage of income from high income groups than from low income groups and is based on the concept of ability to pay.

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What are examples of professional organizations? Select four options.

hram777 [196]

1. American institute of architects

2. American medical association

3. Screen actors guild

4. American society of mechanical engineers

you are very welcome!

8 0

2 years ago

Read 2 more answers

The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 45,000 shares were origina

Sladkaya [172]

Answer:

amount of cash dividend paid = $80000

so correct option is 1. $80,000

Explanation:

given data

common stock = 100,000 shares

shares issued = 45,000

subsequently reaquired = 5,000

dividend= $2 per share

to find out

What is the amount of cash dividends

solution

first we get here no of share outstanding that is

no of share outstanding = shares issued - subsequently reaquired .........1

no of share outstanding = 45000 - 5000

no of share outstanding = 40000 shares

and

now we get amount of cash dividend paid here as

amount of cash dividend paid = outstanding share × dividend share ...........2

amount of cash dividend paid = 40000 × $2

amount of cash dividend paid = $80000

so correct option is 1. $80,000

5 0

3 years ago

two sustainable ways in which businesses could assist the schools to ensure that school leavers are better prepared for the work

Ainat [17]

They could provide internships towards graduates to allow them to acquire working experience.
They could also provide training to help graduates have an understanding of what they are expected of in the workplace.

7 0

2 years ago

In which situation is it acceptable for an it professional to access corporate secrets?

NNADVOKAT [17]

Answer:

the answer you have now is correct.

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3 years ago

Lil Anthony’s and Amelia’s are two restaurants serving Italian cuisine. While Lil Anthony’s focuses on providing quick, affordab

8090 [49]

Answer:

pursued distinct strategic positions

Explanation:

This is most likely because both companies have pursued distinct strategic positions. Meaning that they have both found a specific niche within the restaurant business and decided to fulfill each their own specific niche. This allows them to be part of the same industry while still offerring their customers completely seperate experiences. These unique and very different experiences is what allows both Lil Anthony's and Amelia's business to thrive. If they instead offered their customers the same experience then they would be directly competing against each other and only one would be able to stay in business and they would steal the other's customers.

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3 years ago