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iVinArrow [24]
3 years ago
14

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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Understanding its business environment and resources allows an organization to prioritize its efforts where cybersecurity risk is involved.

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5 0
2 years ago
What might you do to work with parents to find solutions that meet the needs of children, parents and caregivers when cultural i
Harrizon [31]
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3 years ago
Suppose that JAN Corp. will issue a new 10 year AA rated corporate bond with a coupon rate of 7.00%. The bond pays interest semi
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The bond was issued at a premium of $ 155.89

Explanation:

In determining whether the bond was issued at premium or discount,it is important to ascertain the price at which the bond was issued first and foremost.

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Find detailed calculation in the attached.

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3 years ago
Assume that your roommate, Linda, is very messy. Suppose she gets a $100 benefit from being messy but imposes a $200 cost on you
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Answer:

B) to pay your roommate at least $100 but no more than $200 to clean up after herself

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According to the Coase theorem, you should work a solution that benefits both Linda and yourself. Since Linda's benefits for being messy = $100, and your costs for her being messy = $200, then you should offer Linda an amount of money that is between $100-$200 so that she cleans her mess.

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