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Alenkinab [10]
3 years ago
14

A _________________________ is calculated as a flat percentage of income earned, regardless of level of income.

Business
2 answers:
Korvikt [17]3 years ago
7 0

Answer:

(C) proportional tax

Explanation:

A proportional tax is that tax system whose tax rate is always the same, regardless of the tax base, the same tax rate will always apply. It is the opposite of progressive tax.

These types of taxes do not establish differences depending on the level of income of people. Unlike the progressive taxes, the same percentage will always be applied to the tax base. Unlike progressive taxes, proportional taxes do not fulfill a redistribution of income function.

Monica [59]3 years ago
4 0

Answer: C

Explanation:

A proportional tax is an income tax system where the same percentage of tax is levied on all taxpayers, regardless of their income. A proportional tax applies the same tax rate across low, middle, and high-income taxpayers.

In contrast, the progressive tax system adjusts tax rates by incomes. A marginal rate taxing system, such as the flat tax, has a constant rate for both businesses and individual taxpayer . In some instances, a sales tax can also be considered a type of proportional tax since all consumers, regardless of earnings, are required to pay the same fixed rate. The sales tax rate applies to goods and services, and the income of the purchaser is not a part of the equation. Other examples include poll taxes and the capped portion of the Federal Insurance Contributions Act (FICA) payroll deductions.

In a proportional tax system, all taxpayers are required to pay the same percentage of their income in taxes. For example, if the rate is set at 20%, a taxpayer earning $10,000 pays $2,000 and a taxpayer earning $50,000 pays $10,000. Similarly, a person earning $1 million would pay $200,000.

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Solly Corporation produces a product for national distribution. Standards for the product are: • Materials: 12 ounces per unit a
zhannawk [14.2K]

Answer:

Direct labor rate variance= $650 unfavorable

Explanation:

Giving the following information:

Standards for the product are:

Labor: 2 hours per unit at $8 per hour.

During December, the company produced 1,000 units.

Labor: 2,500 hours worked at a total cost of $20,625.

To calculate the labor rate variance, we need to use the following formula:

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Actual rate= 20,650/2,500= $8.26

Direct labor rate variance= (8 - 8.26)*2,500

Direct labor rate variance= $650 unfavorable

3 0
3 years ago
A cap-and-trade program 31 1 Multiple Choice eBook 0 assigns a property right to the atmosphere 0 mandates that every firm indiv
Serggg [28]

Answer:

Option 3. Assigns a property right to pollute the atmosphere

Explanation:

It makes a cap on the pollution and the permits are transferable so that it assign how much to pollutes means assigning property rights to the firms to pollute.

Everyone is not required to reduce pollution if the firm can buy permits to pollute.

4 0
3 years ago
Choose a real or made up example of a company, and describe at least three fixed costs the company has.
bonufazy [111]
(any company) Payroll for employed workers, Property costs, and taxes.
6 0
3 years ago
A company anticipates monthly sales of $300,000 for the months of April, May, June, and July. Materials represent 50% of sales,
Vlada [557]

The company's total cash payments in May is $195,500 and this can be determined by preparing a cash budget.

<h3>What is a cash budget?</h3>

A cash budget is a company's estimation of its cash inflows and outflows over a specified period of time. A cash budget provides a company with financial insight into its cash requirements, including shortages and surpluses.  The preparation of a cash budget helps the company to determine an efficient use of its available cash.

Data and Calculations:

                                                April            May           June            July

Anticipated sales             $300,000   $300,000   $300,000    $300,000

Purchases                           150,000    $150,000       150,000       150,000

Labor costs                           16,000        19,000         16,000          21,000

Fixed overhead                    12,000        12,000         12,000          12,000

General and admin. exp.      2,000          2,000          2,000           2,000

Interest expense                                       2,500

Equipment purchase                               10,000

Total cash payments in May             $195,500

Thus, the company's total cash payments in May is $195,500.

Learn more about cash budgets at brainly.com/question/8707644

3 0
2 years ago
Location Score
dolphi86 [110]

Answer and Explanation:

The computation of composite score for each location is shown below:-

Composite score for A is

= 0.15 × 89 + .20 × 75 + 0.18 × 92 + 0.27 × 92 + 0.10 × 93 + 0.10 × 90

= 88.05

 Composite score for B is

= 0.15 × 78 + .20 × 93 + 0.18 × 90 + 0.27 × 93 + 0.10 × 97 + 0.10 × 96

= 90.91

Composite score for C is

= 0.15 × 84 + .20 × 98 + 0.18 × 87 + 0.27 × 82 + 0.10 × 84 + 0.10 × 95

= 87.90

Therefore for computing the composite score for each location we simply multiply weight with A location and in the same manner of A, B and C

b. The maximum composite score from A, B and C is B

8 0
3 years ago
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