Answer:
i. is relatively more expensive to the poor than to the rich.
regressive
Explanation:
A sales tax is a tax on the consumption of goods and services levied by the government or an agency of the government.
There are three types of tax systems
1. Regressive tax system is a tax system where those that earn lower income pay more tax and those that earn higher income pay less tax.
2. A proportionate tax taxes everyone the same regardless of the amount earned.
3. A progressive tax is a tax structure where those who earn higher income are taxed more and those that earn less pay less amount of tax.
A sales tax is regressive.
This can be illustrated with an example.
Person A earns $100,000 while person B earns $1000. They both purchased a good and the sales tax paid was $50.
The proportion of sales tax to income for person A = 50 / 100,000 = 0.05%
The proportion of sales tax to income for person B = 50 / 1000 = 5%
It can be seen that the sales tax is relatively more expensive to the poor than to the rich. this is an example of a regressive tax
Answer:
O Debit Retained Earnings $4,000; credit Common Dividends Payable $4,000.
Explanation:
Dividend declared = $0.5 per share
Total Authorized shares = 20,000 shares
Total Issued Shares = 9,000 shares
Total Outstanding shares = 8,000 shares
As outstanding shares are only eligible shares for the dividend payment.
Total Dividend Payment = $0.5 per share x 8000 shares
Total Dividend Payment = $4000
Journal Entry for this event
Dr. Cr.
Retained Earning $4,000
Common Dividend Payable $4,000
<span>The business implemented RFID as a way of tracking inventory. Using radio frequency made it easier to track and store inventory without running the risk of over- or under-ordering their products. This makes sure that the inventory is properly tagged and that the turnover rates on the products are properly logged. It also makes sure that the products do get turned over, instead of being left to waste in the stockroom due to errors on the part of the stock crew.</span>
Answer:They can liquidate an estate.
Explanation: Annuities are contracts between a person and an insurance company following a future endeavors,the future endeavors can include lifetime income,future projects etc. Annuities are contracts which have been around for a long time now,they are similar to life insurance. Annuities can not liquidate estates,they are protected against outliving a person's income.
Annuities became very popular during the great depression in the United States of America,when the value of stocks dropped drastically.
Answer:
intermediate goods current year output produced by national borders
