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Viefleur [7K]
3 years ago
13

Is this a progressive, regressive, or proportional tax system? regressive proportional progressive Suppose the government of Lil

liput voted to increase taxes on the top earners and decrease it on the lowest earners. How would this new tax system be classified?\
Business
2 answers:
kenny6666 [7]3 years ago
8 0

Answer: Progressive tax

Explanation:

A progressive tax is a form of tax whereby the tax rate rises as income of the individual or firm increases. Progressive tax progresses from low to high. Progressive tax can be applied to taxes of individuals and are imposed in order to reduce the incidence of tax of people who have a low ability to pay hence, the progressive tax can be used to shift the incidence to those that can afford to pay more.

Progressive tax is is usually used by most countries as it reduces the gap between the rich and the poor thereby curtailing economic inequality. The higher the income in progressive taxation, the higher the percentage paid by the person.

frozen [14]3 years ago
6 0

Answer:

The new tax by  the government of Lilliput voted to increase taxes on the top earners and decrease it on the lowest earners is a progressive tax.

Explanation:

A progressive tax is one that charges a higher tax rate for people who earn a higher income.  

This is predicated upon the fact that people with a lower income will usually spend a greater percentage of their income to survive while the richer can easily afford the basic necessities of life.

Progressive tax systems also have the ability to collect more taxes than regressive taxes, as tax rates are programmed to increase as income climbs. Progressive taxes allow people with the greatest amount of resources to fund a greater portion of the infrastructure such as roads that other petty businesses rely on.

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Explain the equation for the income statement. What are the three major items reported on the income statement?
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The equation for the income statement is Revenues - Cost of goods = Net income. The three major items reported on the income statement are net income, gross profits, and operating income.

The income statement is a statement of the profits and losses of a firm. It consists of three income statements. The Net income is derived by deducting the expenses of the firm from its revenues (Net income = Revenue - Expenses). It may also be calculated by adding the operating income with the non-operating items.

Gross profit is arrived at by subtracting the expenditure made on the products that were sold from the revenue of a firm. The Operating income is the result of subtracting the operating expenses from the gross profit.

To learn more about income statement : brainly.com/question/14308954

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2 years ago
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xxTIMURxx [149]

Answer:

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Explanation:

^-^ have a nice day

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3 years ago
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Answer:

A. Helping clients become more affective

Explanation:

Reflection of feelings involves getting to know the emotions of the clients and reflecting those feelings back to the clients. This helps the client feels like he or she is being understood, listened to and validated. Reflection of feelings establishes a good rapport between the clients and the professional. Reflection of feeling statements accurately mirror client's feeling by identifying the client's emotions based on verbal and non verbal messages.

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Answer:

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