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4 years ago

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.

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What is a product mix?

Leto [7]

<h2 /><h2>Answer:</h2>

Product mix, also known as product assortment or product portfolio, refers to the complete set of products and/or services offered by a firm. A product mix consists of product lines, which are associated items that consumers.

For example, your company may sell multiple lines of products.Or your product lines may be vastly different, such as diapers and razors.

8 0

3 years ago

When choosing where to eat lunch, Veronica's major service criterion is speed: being seated promptly and served her meal quickly

Pie

Answer:

Letter d is correct. Responsiveness.

Explanation:

Responsiveness is the dimension of quality of service that is most important to Veronica because she is a customer whose primary service need is speed.

To achieve this dimension of quality of service, the company must implement strategies that help optimize the speed with which its service is delivered to the customer. To assess responsiveness, the company needs to obtain data on how long it provides customer response, and then align your prospect's needs with their response time.

3 0

3 years ago

Indicate whether the following actions would increase, decrease, or not affect Indigo Inc.'s total assets, liabilities, and stoc

Rufina [12.5K]

Answer:

Assets Liabilities Stockholder's Equity

1. Authorizing and issuing Not affect Not affect Not affect

stock certificates in a

stock split

2. Declaring a stock Not affect Not affect Not affect

dividend

3. Issuing stock certificates Not affect Not affect Not affect

for the stock dividend

declared in (2)

4. Declaring a cash dividend Not affect Increase Decrease

5. Paying the cash dividend Decrease Decrease Not affect

declared in (4)

7 0

3 years ago

The type of cover letter written to request assistance and support from the author’s job network:

Fittoniya [83]

There are five general types of cover letters:

1. Application Letter - to apply for a specific job opening

2. Referral Cover Letter - mentions the name of a person who has referred you to a job

3. Letter of Interest - a prospecting letter, inquires about possible job openings

4. Networking Letter- request job search advice and assistance (sample networking letters)

5. Value Proposition Letter - a brief statement explaining what makes the candidate unique

If you are to request assistance and support from a job network, therefore, you must use the networking letter type of cover letter.

3 0

3 years ago

Read 2 more answers

Your bank account pays a 5% nominal rate of interest. The interest is compounded quarterly. Which of the following statements is

Ugo [173]

Answer:

The answer is option d. The periodic rate of interest is 1.25% and the effective rate of interest is greater than 5%

Explanation:

Step 1: Determine stated interest rate

The stated interest rate=nominal interest rate=5%

Step 2: Determine periodic interest rate

The periodic interest rate can be expressed as;

periodic interest rate=stated interest rate/number of compounding periods

where;

stated interest rate=5%=5/100=0.05

number of compounding periods=4

replacing;

periodic interest rate=0.05/4=0.0125×100=1.25%

The periodic interest rate=1.25%

Step 3: Determine effective interest rate

The formula for calculating the effective interest rate can be expressed as;

Effective interest rate={(1+i/n)^n}-1

where;

i=stated interest rate=0.05

n=number of compounding periods in a year=4

replacing;

Effective interest rate={(1+0.05/4)^4}-1

Effective interest rate=0.051×100=5.1%

8 0

3 years ago