Answer:
Option C- An income tax is progressive if the percentage of income paid as taxes increases as income increases.
Explanation:
Majorly, there are three types of Tax systems; these are: Progressive, regressive and proportional.
A tax in which the tax rate increases as the taxable amount increases is known as a progressive tax.
The term "progressive" refers to the way the tax rate progresses from low to high, such that a taxpayer's average tax rate is less than the person's marginal tax rate.
Also,a progressive tax is applicable to individual taxes or to a tax system as a whole; a year, multi-year, or lifetime. It is imposed with the aim of reducing the tax incidence of people with a lower ability to pay, as such taxes shift the incidence increasingly to those with a higher ability-to-pay.
Thus, an income tax is progressive if the percentage of income paid as taxes increases as income increases.
Answer:
The correct answer is letter "C": All of the above.
Explanation:
Managers should have<em> relevant information</em> handy so they can make optimal decisions. However, the information does not always is received in the first place by managers but by employees. Thus, organizations must find a way to move that information to the top positions.
<em>That is why relevant information must be moved to high-rank executives otherwise the positions of decision-making must be provided to those with more corporate information available.</em>
Answer:$616
Explanation:
The insurance policy is a policy on an annual basis in which premium are paid in advance to enable the insurance firm to provide cover for the clients.
Cost of insurance
$0.84* ($88000/100)
= $732.92 per annum
However since the insurance was cancelled after 10 months he will only be responsible for 10 months.
$739.2/12*10
=$616
It should be noted that the trade scenario that is most beneficial for a country is appreciation of the country's currency, decrease in Its Imports, and increase of its exports.
<h3>What is a trade?</h3>
Trade can be regarded as the means of exchange by an organization or country.
When the currency of a a country appreciate, the money will have value, export also boast the currency.
Therefore, option D is correct.
Learn more about currency at;
brainly.com/question/9261004
Answer:
$500,000
Explanation:
Given that:
Sales for the month = $900,000
Opening inventory = $50,000
Closing inventory = $55,000
Gross margin on sales = 45%
Cost of goods sold = 100 - gross margin = 100% - 45% = 55%
Hence,
Cost of goods sold = $900,000 × 55% = $495,000
Therefore, the purchase for the month
= Cost of goods sold + Closing inventory - Opening inventory
= $495,000 + $55,000 - $45,000
= $500,000
