All categories

3 years ago

Which of the following would be a progressive tax?

Business

2 answers:

Anton [14]3 years ago

4 0

Answer:

A. People earning $35,000 pay 10% tax, while people earning $100,000 pay 30% tax

Explanation:

Progressive tax is characterized by the percentage difference in collection, which will vary according to income. This way, people with higher incomes will pay a higher tax and people with lower incomes will pay a lower tax rate. Typically, this type of tax has multiple tiers of tax for various types of income. In contrast, regressive tax is characterized by the charging of a homogeneous percentage rate of all persons, regardless of income. Thus, people with lower incomes will pay proportionally more in relation to their income than the richer ones, so it is considered a regressive tax. Therefore the only alternative that represents a progressive tax is alternative (A), where the tax rate is different for income levels. Those with $ 35,000 income will pay 10% and those with higher income $ 100,000 will pay 35% tax.

Jet001 [13]3 years ago

3 0

A because the tax increases as you make more money

You might be interested in

Jack has a ticket to see Bo Bice for which he paid $30 yesterday. He takes an unpaid day off from work to get ready for the conc

valentina_108 [34]

Answer:

$70

Explanation:

The opportunity cost is the value in which the advantage is produced from the options available. The best gain is term as the opportunity cost

In the question, it is given that the offered price is $70 and the yesterday price is $30 which was paid which terms as a sunk cost. This cost is not useful for decision making as well as for computing the opportunity cost also

So, only $70 would be considered

3 0

3 years ago

Net Worth is equal to assets minus liabilities. Which event will have the greatest impact (positive or negative) on one's net wo

ad-work [718]

I would say that for most people, buying an apartment or a house would be the most major thing they could do that would affect their net worth. Initially it would be mostly a liability at first but as it appreciates, especially if it is in a big city where the population keeps growing then it most likely will appreciate and then the owner's assets will increase since their equity will increase.

7 0

2 years ago

Ben cartwright runs the wild west wax museum in carson city, nevada. the museum has been in business for 40 years and is a major

lawyer [7]

<u>Solution and Explanation:</u>

The implicit cost of capital

Implicit cost of capital is the opportunity cost of capital which is already incurred but not reported as a separate cost/expense, Implicit cost is the cost which results from using an existing asset instead of selling or renting it.

For example when a businessman uses his/her existing land which has implicit cost of say $1000 per month but bought it for say $100 many years ago, so $1000 is its implicit cost/current market rent per month which is equal to its oppo

5 0

3 years ago

In the _____ way of knowing things, people hold firmly to some belief because some respected official, agency, or source has sai

NeTakaya

Answer:

Letter B is correct.<u> Method of authotity.</u>

Explanation:

The method of acquiring knowledge by authority is one of the most widespread ways of obtaining knowledge in society. It is characterized as the implementation and learning of a new idea or belief because some authority figure affirmed a certain concept as true, which ensures greater reliability. and acceptance. As examples of authorities, we can mention: doctors, teachers, bosses, government, parents and others.

But in an ideal scenario it is important to analyze what methods and sources the authority figures have determined for a conclusion about something, one should seek to exercise critical sense to rationalize the beliefs and decisions that are imposed as truth. .

3 0

2 years ago

What is a bond bubble and how did it help inflate the stock market?

victus00 [196]

The daily chart for the Dow shows how fast the stock market can decline when the 'inflating parabolic bubble' pops.

6 0

3 years ago