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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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An invoice is an example of which of the following?
Scilla [17]

A source document

This document, when coupled with a bill of lading and/or packing list, can be used to invoice a customer, which in turn generates a sale transaction. Supplier invoice. This is a source document that supports the issuance of a cash, check, or electronic payment to a supplier.

8 0
3 years ago
Suppose, you have just joined a company named "Sky Holiday" and you are listening to your CEO who is speaking before all the new
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2 years ago
Suppose that during the past year, the price of a laptop computer rose from $2,750 to $2,880. During the same time period, consu
icang [17]

Answer: Elasticity of demand is 7.06

Explanation:

P1= $2,750

P2=$2,880

Q1=446,000

Q2=321,000

Elasticity = \frac{Q2 - Q1}{\frac{Q1 + Q2}{2} } * \frac{\frac{P1 + P2}{2} }{P2 - P1}

Elasticity = \frac{321,000 - 446,000}{\frac{446,000 + 321,000}{2} } * \frac{\frac{2750 + 2880}{2} }{2880 - 2750}

Elasticity = \frac{-125,000}{383,500} * \frac{2815}{130}

Elasticity = - 0.3259*21.6598

Elasticity = -0.76

Thus, elasticity of demand for laptops is 7.06. This means that laptops are highly price elastic as it is greater than 1.



8 0
3 years ago
An employer provides each of its employees with life insurance protection equal to three times the employee's annual salary. Ann
tino4ka555 [31]

<u>Answer:</u>

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Licemer1 [7]
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