What is the correct statement about regressive taxation?

Business

1 answer:

Karolina [17]2 years ago

8 0

Answer:

B. The sales tax you pay when you fill your car up with gas is regress

Explanation:

Gasoline tax is regressive because everyone regardless of their income level pay the same amount of tax per gallon of gas purchased. A progressive tax means that people that have higher incomes will pay a higher tax rate, for example, federal income taxes. Every flat tax (same percentage for everyone) is regressive.

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Next week, super discount airlines has a flight from new york to los angeles that will be booked to capacity. the airline knows

Setler79 [48]

The cost of underestimating the demand is considered a revenue loss that arises due to cancellation of flight costing $134. Hence, cost of underetimating the demand is $C_u=\$134$ .

The cost of overestimating the demand is known as rewards. For example, free round trip ticket worth $263. Hence, the cost of overestimating the demand is $C_o=\$263$ .

$\frac{C_u}{C_u+C_o} = \frac{134}{134+263} \\ \\ = \frac{134}{397} =0.3375$

The z-score that yields a p-value of 0.3375 is -0.4193.

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Therefore, super discount airlines should overbook the flight by 25 seats.

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2 years ago

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