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3 years ago

Lump-sum taxes are rarely used in the real world because:_______________

Business

1 answer:

labwork [276]3 years ago

4 0

Answer:

c. lump-sum taxes are often viewed as unfair because they take the same amount of money from both poor and rich.

Explanation:

To understand this question, you have to first understand what lump-sum taxes are.

Lump-sum taxes are a system of taxes where everybody pays the same amount of tax no matter their economic status, or their actions. Basically, lump-sum taxes take the same amount of money from the rich and the poor, hugely increasing the burden on the poor and lessening that of the rich.

As an example, a lump-sum tax of $100 would require everybody to pay $100. To a person earning, say $120, that would be a huge hit, and be a huge burden on his normal life. However, to a rich person who earns, say, $10000, that would be much more easier for the rich person.

Hence, lump-sum taxes are often viewed as unfair because of the unfair advantage the rich have over the poor in tax-paying.

Hope this helped!

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1. When distribution team members use replenishment reports to retrieve quantities of items to be sent to stores they are:

Gemiola [76]

Answer:

D. Picking.................

8 0

3 years ago

When the price of candy bars is $1.00, the quantity demanded is 500 per day. When the price falls to $0.80, the quantity demande

Wittaler [7]

Answer:

The demand for candy bars is inelastic

Explanation:

The midpoint rule calculate the price elasticity of demand as percentage change in quantity divided by the percentage change in price:

% change in quantity

$\frac{Q_2-Q_1}{ \frac{Q_2 + Q_1}{2} } \times 100$

The quantity demanded increased from 500 to 600. We have

$Q_1 = 500 \: and \: Q_2 = 600$

$\implies \frac{600 - 500}{ \frac{600 + 500}{2} } \times 100 \\ = \frac{100}{ \frac{1100}{2} } \\ = \frac{100}{550} \\ = \frac{2}{11}$

% change in price

$\frac{P_2-P_1}{ \frac{P_2 + P_1}{2} } \times 100$

The price changed from 1 dollar to 0.8 dollars.

$\frac{0.8 - 1}{ \frac{0.8 + 1}{2} } = - \frac{2}{9}$

Price elasticity if demand is

$\frac{ \frac{2}{11} \%}{ - \frac{2}{9} \%} = - \frac{9}{11} = - 0.82$

The negative sign tells us that there is an inverse relationship between price and quantity demanded.

Since 0.82 is less than 1, the demand for candy bars is inelastic

5 0

3 years ago

Quip Corporation wants to purchase a new machine for $300,000. Management predicts that the machine will produce sales of $200,0

butalik [34]

Answer:

net present value NPV = $79800

so correct option is D) $79,800

Explanation:

solution

we knw that Net Present value = PV of cash inflow - PV of cash outflow ............1

so here PV of cash outflow = $300000

and Net sales = $200000

expenses = $80000

Depreciation = $\frac{300000-50000}{5}$

Depreciation = $50000

so Net income before taxes = Net sales - Depreciation - expenses

Net income before taxes = $200000 - $80000 - $50000

Net income before taxes = $70000

and Tax expenses @ 40% = $28000

Net income = Net income before taxes - Tax expenses

Net income = $70000 - $28000

Net income = $42000

and

Depreciation = $50000

Net cash inflow = Net income + Depreciation

Net cash inflow = $42000 + $50000

Net cash inflow = $92000

and

PVIFA @ 10% 5 years = $3.7908

PV of cash inflow = $348755

PV of salvage value = $50000 ×0.6209

PV of salvage value = $31045

and

so here Total PV of total cash inflow = $379800

and

net present value NPV = Total PV of total cash inflow - PV of cash outflow

net present value NPV = $379800 - $300000

net present value NPV = $79800

so correct option is D) $79,800

7 0

4 years ago

Industry analysts said that the recent rise in fuel prices may be an early signal of the possibility of gasoline and heating oil

yaroslaw [1]

Answer:

(E) that prices of gasoline and heating oil will stay higher than usual through

Explanation:

4 0

3 years ago

Unions contribute to Select one: a. frictional unemployment but not the natural rate of unemployment. b. the natural rate of une

Verizon [17]

Answer:

The correct answer is letter "C": both frictional unemployment and the natural rate of unemployment.

Explanation:

Natural unemployment is defined as the lowest rate of unemployment an economy will reach. It is called natural because its causes are other than an adverse economy. Natural unemployment is a combination of frictional unemployment -employment transitions, structural unemployment -mismatch between abilities and current position, and labor surplus.

Unions are groups of individuals who join to set minimum standards at work in regards to wages, compensations, and conditions. Union members are, by default, always available to join the workforce even if there is work to be done or not. Sometimes, union members are assigned duties their abilities outperform just to avoid having the member unemployed. These are the reasons why unions are said to contribute to natural unemployment.

5 0

4 years ago