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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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You are considering acquiring a common share of Sahali Shopping Center Corporation that you would like to hold for 1 year. You e
kodGreya [7K]

Answer:

$42.60

Explanation:

Current value = Future dividends and value*Present value of discounting factor(rate%,time period)

Current value =  $1.85 / (1+10%) + $45 / (1+10%)

Current value =  $1.85/1.1 + 45/1.1

Current value = $ 1.68181 + $40.91

Current value = $42.5918

Current value = $42.60

3 0
3 years ago
After being frustrated by the lack of detailed, reliable, and up-to-date information available to help him decide where to go on
almond37 [142]

Answer:

TripAdvisor

Explanation:

TripAdvisor is a global travel company founded by Stephen Kaufer in February 2000.

Features available include price comparison, online reservations for transportation, reservation for lodging, travel experiences, and restaurant information.

The original idea was for a social media website that encouraged swapping of ideas relating to travelling. There was a button - Add your own review, and this promoted the growth and use of TripAdvisor because honest opinions are shared.

People tend to express their views on highs and lows of their experiences during holiday travels. This helps travelers make informed decisions when they want to travel, and also travel and hospitality services providers get to know areas they can improve.

7 0
4 years ago
Identify the landlord’s responsibilities and the renter’s responsibilities in a home rental agreement. working appliances basic
stiks02 [169]

Answer:

landlord´s responsibilities:

  • working appliances: repair or replace broken appliances, unless tenant is responsible because they didn't use them properly
  • removal of bedbugs: the owner must provide warranty of habitability, so any type of bedbugs, or other insect or animal infestation should be eliminated.  
  • fixing locks and windows: repair or replace broken locks or windows, unless tenant is responsible because they didn't use them properly

tenant's responsibilities: (besides paying the rent)

  • working appliances: the tenant must operate appliances in a reasonable manner
  • basic housecleaning: the tenant is responsible for keeping the house clean and removing garbage
  • fixing locks and windows: the tenant must use them in a reasonable manner

8 0
3 years ago
Read 2 more answers
Ten opinions on "discipline and successful life"​
weqwewe [10]

Answer:

Discipline is something which keeps everyone under good control. It motivates a person to go ahead in the life and get success. Every one of us has experienced discipline in different forms according to their own requirement and understanding towards life. It availability of it in everyone’s life is very necessary to go on the right path. Without discipline life becomes inactive and useless as nothing go according to the plan. If we need to implement our strategy in right way about any project to be completed, we need to be in discipline first. Discipline is generally of two types. One is induced discipline in which we learn to be in discipline by others and another one is self-discipline which comes from own mind to be in discipline. However sometimes, we need motivation from someone effective personality to improve our self-discipline habit.

We need discipline in many ways at many stages of our life so it is good to practice discipline from the childhood. Self-discipline means differently to different people such as for students, it means motivating ownself to get concentrated on the study and complete assignments in right time. However, for working person, it means to get up from bed on time in the morning, do exercise to get fit, go to office on time, and do job tasks properly. Self-discipline is highly required by everyone to have, as in modern time no one has time for others to motivate towards being in discipline. Without discipline one can be failure in the life, she/he cannot enjoy academic success or other success in the career.

Self-discipline is required in every field like dieting (it needs to control over fatty and junk foods), regular exercise (it needs to concentrate), etc. One can get health disorders and fatty body without control over food so it needs discipline. Parents need to develop self-discipline habits as they need to teach their kids a good discipline. They need to motivate them all time to behave well and do everything at right time. Some naughty children do not follow their parent’s discipline, in such cases parents need to have dare and patience to teach their naughty children. Everyone has different time and capacity to learn the meaning of discipline according to the nature. So, never give up and always try to get in discipline, as a small step can be converted to large step a day.

Explanation:

8 0
3 years ago
Financial statements of a manufacturing firm The following events took place for Rushmore Biking Inc, during February, the first
pentagon [3]

Answer and Explanation:

The Preparation of income statement is prepared below:-

<u>Rushmore Biking Inc. </u>

<u>Income statement </u>

<u>For the month ended February 28 </u>

<u>Particulars                                                 Amount</u>

Revenues                                               $7,30,300

Less: Cost of goods sold                      $4,41,400

Gross profit                                            $2,88,900

Selling and administrative expenses:  

Selling expenses                    $1,48,500

Administrative expenses       $72,200  

Less: Total Selling and administrative

expenses                                                    $2,20,700

<u>Income from operations                             $68,200</u>

3 0
3 years ago
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