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Lubov Fominskaja [6]
3 years ago
10

Excise taxes on gasoline and state sales taxes are often criticized for being regressive, even though everyone pays the same tax

rate regardless of income. Why could this be the case?
Business
1 answer:
romanna [79]3 years ago
3 0

Answer:

Yes because a person with a lower income may tend to spend a greater share of his income on gasoline

Explanation:

For example, if a low income individual earning $1000 and a high-income person who earns $2000 each purchase 12 gallons of gasoline, the taxes on this purchase will consume a larger portion of the low-income person’s earnings than that of the high-income person. Assuming a tax rate of 5% of earnings multiplied by 12 Gallons.

Low income individual earnings after tax deductions= $400

High income individual earnings after tax deductions= $800

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Answer: 1. W: Is it worth doing?,2. R: Is it real, 3. R: Is it real, 4. W: Can we win?,5.W: Can we win?-

Explanation:The R-W-W Framework is used to screen new products. R-W-W stands for:

Is it Real?

Can we Win?

Is it Worth doing?  By matching each description to nthe correct R-W-W category, i have that

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3 years ago
What is the subject of Federal Open Market Committee decisions?
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Answer:

the subject of Federal Open Market Committee decisions is as below:

level of interest rates and growth of the money supply

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3 years ago
what is the present value of $500 recieved at the end of each year for 15 years? ( assume thatt the first patyment is recieved a
Eva8 [605]

Answer:

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Explanation:

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To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

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umka2103 [35]

Answer: Definition the problem.

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It is the first step and the most important, although it is most times difficult.

Defining the problem must answer the question "why", "who", "where","what", "how" and "when".

Defining the problem helps one to gain control over the situation.

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