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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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A company is considering two mutually exclusive projects. The firm has a 12% cost of capital , has estimated the cash flows as b

Novosadov [1.4K]

Answer:

Project A = 4 years 4 months

Project B = 2 years 6 months

Explanation:

The payback period of a project is the length of time it takes for the cash flows to equal the amount of initial investment.

Project A ( $150,000) = $ 45,000 + $ 45,000 + $ 45,000 + $15,000 / $ 45,000 x 12

= 4 years 4 months

Project A ( $150,000) = $ 75,000 + $ 60,000 + $15,000 / $ 30,000 x 12

= 2 years 6 months

6 0

3 years ago

In january 2010 a gallup poll asked a random sample of adults, "in general, are you satisfied or dissatisfied with the way thing

daser333 [38]

This poll talks about the economic progress of the United States where during those times in year 2010 Barack Obama is the president of the country. The poll have given a big difference towards the evaluation on how the economy have a lot of negative effects to citizen of the country that it was before. First is the issue about unemployment many Americans have no jobs, remember that this issue really gives a fall towards economic progress development for it can help generate more potential opportunities specially when it comes to factors that are all in the benefit of people getting employed where the business can gain more with the workforce, second is the health care issues are also one of the factors considered why they are unsatisfied with the economy, the platform and campaigns relating to health issues were not that fully effective, lastly the federal budget deficit in which really imparts a major negative effect on the economy for this is used for many developmental projects for the government's economic stability.

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3 years ago

"A respondent of a survey is asked whether their most recent dining experience was excellent, good, fair, or poor. The person in

34kurt

Answer:

The correct word for the blank space is: Ordinal.

Explanation:

Ordinal data is one of the four (4) types of measurement scales that values in order of importance the rating that can be provided over a subject. However, the difference between each of the rates is not clear. Usually, this approach aims to measure comfort, experience or satisfaction.

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3 years ago

Gugenheim, Inc., has a bond outstanding with a coupon rate of 7.7 percent and annual payments. The yield to maturity is 8.9 perc

Anna [14]

Answer:

Bond price= $1,793.62

Explanation:

Giving the following information:

Face value= $2,000

Number of periods= 17

Cupon rate= 0.077

YTM= 0.089

To calculate the price of the bond, we need to use the following formula:

Bond Price= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]

Bond Price= 154*{[1 - (1.089^-17)] / 0.089} + [2,000/1.089^17)

Bond Price= 1,324.21 + 469.41

Bond price= $1,793.62

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3 years ago

I need help with number 4

Ne4ueva [31]

I believe the answer is C

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3 years ago