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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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Suppose you go to work at a company that pays $0.02 for the first day, $0.04 for the second day, $0.08 for the third day, and so
stellarik [79]

Answer:

$ 10,737,418.23

Explanation:

Given:

Amount paid on the first day = $ 0.02

Amount paid on the Second day = $ 0.04

Amount paid on the third day = $ 0.08

number of days, n = 29

also,

the wages is doubling daily

therefore,

The total of the wages for 29 days will be = $ 0.02 + $ 0.04 + $ 0.08 + ....

or we can form the relation as

= $ 0.02 × ( 2⁰ + 2¹ + 2² + 2³ + ........ )

or

= \sum_{k=0}^{29}2^n

or

= 0.01\times(2^{n+1}-1)

or

= 0.01\times(2^{29+1}-1)

or

= $ 10,737,418.23

5 0
3 years ago
​(Market value​ analysis) Lei​ Materials' balance sheet lists total assets of $ 1.37 ​billion, $ 186 million in current​ liabili
Alja [10]

Answer:

Market-to-book​ ratio=3.44591 times

Explanation:

Give data:

Total assets=$1.37 billion

Current liabilities=$186 m

Long term debt=$414 m

Common Equity=$770 m

Number of share  of common stock= 57 m

Current stock price=$46.55

Required:

the​ firm's market-to-book​ ratio=?

Solution:

We will calculate the book value of each share:

Book value per share=\frac{common\​ equity}{Number\ of\ common\ shares}

Book value per share=\frac{\$770 m}{57 m}

Book value per share=$13.50877

Market-to-book​ ratio=\frac{Market\ value}{Book\ value}

Market-to-book​ ratio=\frac{\$46.55}{\$13.50877}

Market-to-book​ ratio=3.44591 times

4 0
2 years ago
The Baldwin Company has just purchased $40,900,000 of plant and equipment that has an estimated useful life of 15 years. The exp
Neko [114]

Answer:

$38,448,000

Explanation:

Calculation to determine What will the book value of this purchase

First step

Depreciation = (cost - salvage)/useful life

Depreciation= (40,900,000 - 4,090,000 )/15

Depreciation=36810000/15

Depreciation=2454000

Now let determine the

Book value=Cost -Depreciation

Book value=$40,900,000-$2,454,000

Book value=$38,448,000

Therefore the book value of this purchase is$38,448,000

6 0
3 years ago
PLEASE HELP ASAP!! CORRECT ANSWER ONLY PLEASE!!!
Alex17521 [72]

Answer:

Real

Explanation:

So, lets go over the basics of the differnt types of intrest rates.

There is nomial and real.

Nomial is the basic rate, which you can just think of as this:

For every 1% of a nomial rate that is 100 dollars, you get 1 dollar.

Real intrest rate is more complex, for it must factor in the inflation to this as well. This can be though of like this:

For every 5% of a real rate that is 100 dollars, if there is a 4% inflation, then you get 1 dollar.

Looking at your two answers, we can instantly say that:

When measuring the return on an investment, the <u>real intrest rate</u> accounts for inflation.

Now, the other question is basically the opposite, asking when measuring the return on an investment the ___ intrest rate does not account for inflation.

Well, we already have seen above that the nomial intrest rate is for more simple, and does not include the inflation.

So the answer to the second box is:

when measuring the return on an investment the <u>nomial intrest rate</u> does not account for inflation.

6 0
3 years ago
The frictional unemployment rate is 2.5 percent, the structural unemployment rate is 3.1 percent, and the economy's current unem
sattari [20]

Sounds like Obamacare MAGA

8 0
3 years ago
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