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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Lorico [155]

Answer:

3) a watchdog group.

Explanation:

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3 years ago

kramer

Answer:

<em>.C. cash cow businesses with an excellent financial fit</em>

Explanation:

With an unrelated diversification strategy, the types of companies that make particularly attractive acquisition targets are:A. struggling companies with good turnaround potential, undervalued companies that can be acquired at a bargain price, and companies that have bright growth prospects but are short on investment capital.B. companies offering the biggest potential to reduce labor costs.C. cash cow businesses with an excellent financial fit.D. companies that are market leaders in their respective industries.E. companies that are employing the same basic type of competitive strategy as the parent corporationâ€™s existing businesses.

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2 years ago

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CaHeK987 [17]

Answer:

This took me a long time to figure out , but I'm pretty sure number 1 is

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Nookie1986 [14]

Answer and Explanation:

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Dennis_Churaev [7]

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