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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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2 years ago

The sentence, "our company experienced an increase in profits during the last fiscal year," uses precise vigorous wording.

ZanzabumX [31]

Answer:

The statement is: False.

Explanation:

Vigorous wording refers to the act of making information appear more than what it really is, in some cases exaggerating the attention in one point or another. The phrase:

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provides direct, objective information about an event that happened. There are not adjectives that might distort the main message that is intended to be provided.

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3 years ago

Ethel is a widow and is approaching 75 years of age. Historically, she has deposited all of her money into her bank savings acco

7nadin3 [17]

Answer: C. Ethel should maintain an appropriate savings balance to cover unforeseen circumstances and should consider investment in a balanced mutual fund, which carries lower risk, higher yields than CDs, and the potential for growth

Explanation:

Given Ethel situation and history, Ethel should maintain an appropriate savings balance to cover unforeseen circumstances.

As a result of her age and due to the fact that she possesses a limited investment experience, there may be too much risk for her if she focuses on large-cap securities

Therefore, she should should consider investment in a balanced mutual fund, which carries lower risk, higher yields than CDs, and the potential for growth.

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3 years ago

Why is the market demand curve for public goods calculated as a vertical summation of individual demand curves?

never [62]

Answer:

Explanation:

A public good is a good that is non excludable and non rivalrous. Everyone has assess to the statue and because one person is enjoying the view of the statue does not means another person cannot enjoy the view of the statue. The demand curve for public goods is summed vertically because all individuals can consume every unit of the good at the same time.

A private good is a good that is excludable and rivalrous. They are usually exchanged in the market by private sector businesses. It is only you who purchased the ferrari and those you allow that can use the ferarri.

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3 years ago

Under which market structure does a firm have negligible influence over product pricing? A. perfect competition B. monopoly C. o

Kobotan [32]

Answer: E. command economy

A command economy is an economy where the government decides what goods and services need to produced, the quantity to be produced and the price at which the products are to be sold. Hence a frim has no say in pricing its products.

The government is also the deciding factor with respect to the allocation of resources for investment and fixes incomes. A command economy is also known as a planned economy. North Korea and Cuba are examples of countries that have a command economy.

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3 years ago

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