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forsale [732]
3 years ago
13

A tax structured so that people with the same income pay the same percentage of their income in taxes is called a (an)__________

__. a. flat tax. b. regressive tax. c. progressive tax. d. excise tax.
Business
2 answers:
Goshia [24]3 years ago
7 0

Answer:

c. progressive tax

djyliett [7]3 years ago
4 0

Answer:

c. progressive tax

Explanation:

Progressive tax can be regarded as one of the tax structure whereby the tax payer that receive higher incomes in the state pay a higher share of taxes from the income they made, which is different from those that receive Lower income. It is a tax system whereby when there is increase in tax rate then the taxable amount increases too. It should be noted that the tax structured where people with the same income pay the same percentage of their income in taxes is reffered to as progressive tax. wealth/property tax is one of the example of progressive tax.

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Economic production has fallen to less than full potential due to inadequate incentives for firms to produce. The duration of th
Brilliant_brown [7]

Answer:

short-term

Explanation:

Based on the information provided within the question it can be said that the duration of this economic condition will likely be short-term. Meaning that it will only last a small amount of time, mostly because this is a problem that needs to / and can be solved in order to increase the economic production to full potential and increase firm revenue.

6 0
3 years ago
Bethea Financial Services had a debit balance of $32,217 in their Fair Value Adjustment account on December 31, 2020. Based on t
kaheart [24]

Answer:

Debit

$14,181

Explanation:

Given:

Fair Value Adjustment account = $32,217 (Debit)

Net unrealized gain = $46,398 (Credit)

According to Fair Value Adjustment account , Debit balance is lower than Credit balance, So they should Debit (Fair Value Adjustment account)

Debit amount = Net unrealized gain - Fair Value Adjustment account

Debit amount = $46,398 - $32,217

Debit amount = $14,181

5 0
4 years ago
Use the following information for #22 and #23: Bries Corporation is preparing its cash budget for January. The budgeted beginnin
slega [8]

Answer:

22. Option (B) is correct

23. Option (A) is correct

Explanation:

22.

Total Cash Available = Beginning Cash Balance + Budgeted Cash Receipts

                                   = $18,000 + $183,000

                                   = $201,000

Excess (Deficiency) of Cash Available over Disbursements:

= Total Cash Available - Budgeted Cash Disbursement

= $201,000 - $188,000

= $13,000

23.

Amount to be borrowed:

= Desired ending Cash Balance - Excess (Deficiency) of Cash Available over Disbursements

= $30,000 - $13,000

= $17,000

3 0
4 years ago
Rina is training for a triathlon, a timed race that combines swimming, biking, and running. Consider the following sentence: Rin
Ksju [112]

The basic principle of individual choice which these statements best illustrate is:

  • B. People face trade-offs

<h3>What is Choice?</h3>

This refers to the ability of a person to make selections based on what he wants and what he can purchase.

With this in mind, we can see that Rina is training for a triathlon and because of this, she undergoes rigorous training and she makes use of her time effectively and this is an example of People face trade-offs

Read more about choices here:
brainly.com/question/25823499

6 0
3 years ago
Donald Gilmore has $100,000 invested in a 2-stock portfolio. $35,000 is invested in Stock X and the remainder is invested in Sto
netineya [11]

Answer:

Beta of Portfolio is 0.98

Explanation:

<u>Given</u>:  Investment in security X = $35,000

            Investment in security Y = $65,000

            Beta of X = 1.5

            Beta of Y = 0.70

Beta is a measure of degree of responsiveness of a security return with respect to market return.

The portfolio beta is the weighted average beta of individual stock beta's in a portfolio.

Beta of portfolio = Beta of Stock X × Weightage of money invested in X + Beta of Y × Weightage of money invested in Y

Beta of Portfolio = 1.50 × \frac{35,000}{100000} + 0.7 × \frac{65000}{100000}

Beta of Portfolio = 0.525 + 0.455 = 0.98

6 0
3 years ago
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