1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Mariulka [41]
3 years ago
14

What is the correct statement about regressive taxation?

Business
1 answer:
Karolina [17]3 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.

You might be interested in
The "invisible hand" concept suggests that
Alisiya [41]
The answer is C hope it helps
5 0
3 years ago
A company can choose to use FIFO inventory costing methods for the financial statement and can elect to use either LIFO or FIFO
Oduvanchick [21]

Answer:

A. True.

Explanation:

Companies can and often do use different costing methods for financial reporting and tax reporting. The only exception is when LIFO is used for tax reporting; in this case the IRS requires that it also be used in financial statements.

LIFO assigns the highest amount to cost of goods sold - yielding the lowest gross profits and net income , which also yields a temporary tax advantage by postponing payment of some income tax.

8 0
3 years ago
eHarmony claims to be the world's most trusted online dating website. Its appeal is to satisfy consumers' __________ needs in th
777dan777 [17]

eHarmony claims to be the world's most trusted online dating website. Its appeal is to satisfy consumers' <u>love and belonging</u> needs in Maslow's hierarchy of needs.

<h3>What is Maslow's Hierarchy of Needs?</h3>

This refers to a pyramid develoed by Abraham Maslow that spells out the various kinds of needs of man in the order in which they are likely to be satisfied.

Other sections on the pyramid are:

  • Physiological needs
  • Safety needs
  • Self Esteem
  • Self-Actualization

See the link below for more about Abraham Maslow's Hierarchy of needs:

brainly.com/question/1785981

6 0
2 years ago
Current ratio of 3.4 and an acid-test ratio of 2.8. The corporation's current assets consist of cash, marketable securities, acc
Sav [38]

Answer:

$30,000

Explanation:

The computation is shown below:

As we know that

Current ratio = Current assets ÷ Current liabilities

Current assets = 3.4 × Current liabilities

Now the

Acid-test ratio = Quick assets ÷ Current liabilities

2.8 = Currents assets - inventory  ÷ Current liabilities

2.8 = 3.4 × Current liabilities - $18,000 ÷ Current liabilities

2.8 × Current liabilities = 3.4 × Current liabilities - $18,000

After solving this, the current liabilities is $30,000

7 0
3 years ago
In the "promoting leadership effectiveness" model, what is a listed goal at the interpersonal level?b
Paha777 [63]
<span>Leadership is quality that must have be with the person one whom having responsibility to handle a team and developing the business or something. We should encourage the leadership skill inside us then we can easily play a good role in a team. Communication is playing very big role in a teamwork so leader should lead the team with this quality</span>
7 0
4 years ago
Other questions:
  • Toshlin issues financial statements on June 30. If payroll was $30,000 through June 30th and wages were to be paid on July 5. Wh
    7·1 answer
  • The risks of vertical integration include all of the following EXCEPT: a. costs and expenses associated with increased overhead
    14·1 answer
  • 4. Boeing just signed a contract to sell a Boeing 737 aircraft to Air France. Air France will be billed €20 million which is pay
    14·1 answer
  • If the salaries of accountants increase and other conditions remain the same, then
    12·1 answer
  • At the beginning of the year, ACME had an inventory of $600,000. During the year, the company purchased goods costing $2,250,000
    9·1 answer
  • Points represent
    14·1 answer
  • Give connotative meaning of hail​
    11·1 answer
  • Rainey Company's true cash balance at October 31 is $4,700. The following information is available for the bank reconciliation:
    11·1 answer
  • On January 1 of this year, Thomas Insurance Corporation issued bonds with a face value of $ 4,000,000 and a coupon rate of 9 per
    12·1 answer
  • . Specifically what recruiting sources would you use to attract participants to the Techtonic Academy, and apprenticeship progra
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!