1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
madreJ [45]
4 years ago
12

Which statement explains a proportional tax system?

Business
1 answer:
-Dominant- [34]4 years ago
7 0

Answer:

The tax rate is the same for all income levels.

Explanation:

A proportional tax system is a tax mechanism that applies equal rates to all income brackets. This system does not segregate based on income earned. The proportional tax system is also the flat rate system.

Since the proportional tax system applies the same rate to all taxpayers, it means that the low income, middle, and high-income earners pay tax at the same rate. The proportional tax system contrasts with other methods, such as the progressive tax system that considers income levels.

You might be interested in
Bramble Corp. purchased a delivery truck for $38,800 on January 1, 2019. The truck has an expected salvage value of $1,800, and
Debora [2.8K]

Answer:

Depreciable cost per mile= $0.37

Explanation:

Giving the following information:

Purchase price= $38,800

Salvage value= $1,800

Expected to be driven 100,000 miles over its estimated useful life.

<u>To calculate the depreciable cost per mile, we need to use the following formula:</u>

Depreciable cost per mile= (original cost - salvage value)/useful life of production in miles

Depreciable cost per mile= (38,800 - 1,800)/100,000

Depreciable cost per mile= $0.37

6 0
4 years ago
A not-for-profit voluntary health and welfare organization should report a contribution for the construction of a new building a
Brilliant_brown [7]

Answer:

The correct answer is letter "C": financing activities.

Explanation:

Cash flow refers to transferring cash to, or from, an account, a company, or an investment. In the cash flow statement, there is a section called "<em>Financing Activities</em>" where all the net flow of cash to fund the entity is recorded. Those activities imply the <em>firm's equity, debt, </em>and <em>dividends</em>.

7 0
3 years ago
Which of the following should be added to the net income in calculating net cash flow from operating activities using the indire
liubo4ka [24]

Answer:

a.

Explanation:

Operating Activities records the cash transactions involved in the operations of the business are recorded under ‘operating activities’ in the cash flow statement.  

Examples: Revenue earned, expenses incurred etc.  

There are two methods to prepare the cash flow statement. The only difference between both the methods is the way of presenting cash flow from operating activities.  

The two methods of presenting cash flow statement are:  

  1. Direct method: Operating activities section under direct method reports the amount of cash received and paid by the company during the period.  
  2. Indirect method: Operating activities section under indirect method reports the net income and later adjusts the transactions to convert it to cash basis of accounting.  

Depreciation expense is a non-cash operating expense. Thus, it is added back to the net income to derive net cash inflow from operating activities section of the cash flow statement.

4 0
4 years ago
The Universal Container's customer support organization has implemented knowledge centred support (KCS) in its call centre. Howe
olga2289 [7]

Answer:

Measure and reward agents based on the no of new articles approved

Explanation:

A key way to improve knowledge sharing strategy is by rewarding valuable contribution.

Giving rewards for just any contribution might leads to a massive inflow of useless information purposely in order to claim rewards and at the end of the day , the data system is filled up with jargon and not knowledge.

Knowledge sharing credit should be attached only to information that adds value. Moreover as values can be relative  ,it should be stated that value will be decided by the users of the information , which means the higher the user , the higher the value .

7 0
3 years ago
I want to become either a rapper or an artist in arts. how do i follow my dream.
Diano4ka-milaya [45]

Answer:

tottally do it

Explanation:

5 0
3 years ago
Read 2 more answers
Other questions:
  • The government of lenzerbia, a country in south asia, monitors its inflation rate using an index that measures change over time
    12·2 answers
  • In a​ ________, many​ small- and​ medium-sized local companies compete for relatively small shares of the total​ market, so focu
    15·1 answer
  • How did economic factors limit industrialization in the south?
    11·1 answer
  • The constant growth model assumes which of the following?
    15·1 answer
  • Joe, a human resources specialist for Jersey Office Supplies Co., rides along with the furniture delivery people to observe the
    12·1 answer
  • Managing Bad News Within Organizations
    9·1 answer
  • You work for a marketing firm that has just landed a contract with Run-of-the-Mills to help them promote three of their products
    15·1 answer
  • Observe the Sales Budget and determine which primary responsibility the managerial accountant uses todetermine which quarter gen
    9·1 answer
  • Delta is defined as Multiple Choice the change in the value of an option for a dollar change in the price of the underlying asse
    11·1 answer
  • Fischer Company uses 12,000 units of a part in its production process. The costs to make a part are: direct material, $15; direc
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!