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Gennadij [26K]
4 years ago
9

How is sales tax similar to a flat tax?

Business
2 answers:
Andru [333]4 years ago
8 0
A flat tax is a tax system that taxes income at a single fixed rate regardless of an individual  income level, meaning that all taxpayers pay the same tax rate on their income.<span>This tax is applied  upon consumers at the point of sale for goods and services.</span> 
<span> sale tax is a tax imposed  on the sale of goods and services that is usually calculated as a percentage of the purchase price and collected by the seller</span>
Vikki [24]4 years ago
3 0

Answer:

Sales taxes and flat taxes are similar in that both of them charge the same tax rate for everyone. A sales tax is levied when you purchase a retail good and it is a fixed percentage of the price of the goods bought. An example of a flat tax is the payroll tax which is 12.4% regardless on the salary paid.  

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Hibshman Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. At the beginnin
lesya692 [45]

Answer:

total predetermined overhead rate = $29.84 per machine hours

so correct option is C) $29.84 per machine-hour

Explanation:

given data

machine hours = 10,000

variable manufacturing overhead = $6.82

fixed manufacturing overhead = $230,200

to find out

predetermined overhead rate

solution

we know that here variable  manufacturing overhead so

estimated fixed overhead rate will be

estimated fixed overhead rate = \frac{230200}{10000}

estimated fixed overhead rate = $23.02 per machine hour

and

total predetermined overhead rate is here

total predetermined overhead rate = $6.82 + $23.02

total predetermined overhead rate = $29.84 per machine hours

so correct option is C) $29.84 per machine-hour

8 0
3 years ago
Three weeks ago, you purchased a July 45 put option on RPJ stock at an option price of $3.20. The market price of RPJ stock thre
Anton [14]

Answer:

$25

Explanation:

We can calculate intrinsic value by intrinsic formula

Formula : intrinsic Value = (purchased price- current price) x 100

intrinsic Value = (45-44.75) x 100

intrinsic  Value =  $25

5 0
3 years ago
PLEASE HELP!!! What is the name for the highest amount a policyholder pays for deductibles, coinsurance, and co payments?
Maurinko [17]
C. Out-of-pocket maximum
4 0
3 years ago
In what way does the article describe the two-party system as a positive system when compared with a multiparty system?
Taya2010 [7]
The two-party system is a profoundly established component of the American government. In most two-party races, the challenge is between two hopefuls of two noteworthy political parties.Nevertheless, both the two-party and multi-party frameworks have their favorable circumstances and impediments.
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Read 2 more answers
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diamong [38]

Answer:

The correct answer is Green consumerism.

Explanation:

Green consumption refers to the use of goods and services in a responsible manner to minimize the use of natural resources, reduce emissions of pollution and waste, in order to avoid putting the lives of future generations at risk.

For several years the term sustainable consumption has taken on greater importance, so much so that it is part of public policies to emphasize the need to control the production and consumption of goods and services to avoid as much as possible the deterioration of planet Earth and ensure The life of living beings.

Sustainable consumption and production is a paradigm that has been in practice for several years, especially by farmers, who have perceived and experienced the consequences of soil and water pollution in terms of food production.

Therefore, it is important to encourage the creation of companies or systems of production and consumption that are responsible for carrying out the recycling process, as a form of responsible consumption, of the goods that can be reused one or more times before becoming waste , for example, glass, cardboard, paper, among others.

4 0
4 years ago
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