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3 years ago

Why do we have a graduated income tax?

1 answer:

lina2011 [118]3 years ago

7 0

Supporters of the progressive system claim that higher salaries enable affluent people to pay higher taxes and that this is the fairest system because it lessens the tax burden of the poor. ... Taxes do not discourage high earners from earning more, and the low tax rate encourages the poor to strive to earn more.

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What is Benartzi's solution to all of these behavioral challenges that effect personal finance? How does improved personal finan

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A leading behavioral economist shows how businesses can improve consumer thinking and decision making on screens. acclaimed behavioral economist shlomo bernatzi reveals a toolkit or interventions for the digital age. using provocative case studies and engaging reader exercises.

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3 years ago

After US companies objected that the Foreign Corrupt Practices Act would put them at a competitive disadvantage, the FCPA was ev

Luden [163]

After US companies objected that the Foreign Corrupt Practices Act would put them at a competitive disadvantage, the FCPA was eventually amended to allow for grease payments.

<h3>Grease payments are what?</h3>

While a grease payment is made to hasten a trade or transaction, the former. The purpose of a grease payment is to expedite the process rather than to actually complete a transaction. Grease payments are not allowed under the FCPA as a way to influence the decision-making process of foreign officials.

In the event that they did, the money would be seen as a bribe and would be prohibited. It all comes down to the purpose of the money, and there is a very thin line between a greasing payment and a foreign bribe.

Learn more about grease payments with the help of the given link:

brainly.com/question/14529082

#SPJ4

Correct question:

After US companies objected that the Foreign Corrupt Practices Act would put them at a competitive disadvantage, the FCPA was eventually amended to allow for ______.

Multiple choice question.

a) grease payments

b) import tariffs

c) commission payments

d) export tariffs

6 0

2 years ago

The Akron Slugger Company produces various types of wooden baseball bats. It has calculated the average cost per unit of a produ

Naddika [18.5K]

Answer:

$\arge\boxed{\large\boxed{\$ 117,788}}$

Explanation:

Assume the cost equation to be:

$Cost(x)=Fixed\text{ }costs+Variable\text{ }costs\\\\Cost(x)=A+Bx$

Where $x$ is the number of units (wooden baseball bats) produced.

The average cost per unit of production level is the total cost divided by the number of units produced:

$Average\text{ }cost(x)=Cost(x)/x\\\\Average\text{ }cost(x)=(A+Bx)/x\\$

You are given that the average cost per unit of a production level of 7,700 bats is $14, then:

$14=(A+7,700B)/7,700$

You are also given that the fixed costs are $22,500, thus A = 22,500. Hence, you can substitute the value of A in the previous equation and find B:

$14=(22,500+7,700B)/7,700\\\\14\times 7,700=22,500+7,700B\\\\107,800-22,500=7,700B\\\\85,300/7,700=B\\\\B=11.08$

Now you can complete the cost equation:

$Cost(x)=\$ 22,500+11.08x$

And to predict the total costs for 8,600 bats you must subsitute x with 8,600 in the previous equation:

$Cost(8,600)=\$ 22,500+11.08(8,600)=\$ 117,788$

5 0

3 years ago

Recently, much of the Western United States experienced drought conditions and water usage was restricted in Denver. Yet, even t

Savatey [412]

Answer: Price inelastic.

Explanation:

In Denver as described in the question the demand for water is price inelastic as it doesn't change regardless of changes in price of water. An item is said to be price inelastic if the demand remains the same regardless of price rise or fall of that item.

8 0

3 years ago

You purchased shares of stock one year ago at a price of $62.37 per share. During the year, you received dividend payments of $1

andreyandreev [35.5K]

Answer:

real rate of return= 10.93%

Explanation:

The return on equity is the sum of the dividends earned and capital gains made during the holding period of the investment.

Dividend is the proportion of the profit made by a company which is paid to shareholders.

Capital gains is another type of the return made on an equity investment as a result of increase in the value of the shares. It is difference between the cost of the share and the value at the time of disposal.

Therefore, we can can compute the return on the investment as follows:

Capital gain = $69.49- 62.37 = 6.92

Dividend -= 1.77

Nominal return on stock= (1.77 + 6.92)/ 62.37 × 100 = 13.93 %

Inflation is the increase in the price level.It erodes the value of money.rise in the price of money

Nominal interest is that quoted for investment or loan transactions. It has not been been adjusted for inflation.

Real interest rate is the amount of interest in terms of the the quantity of good and services that can be purchased. It is the nominal interest rate adjusted for inflation.

The relationship between inflation, real return and nominal return rate is given using the Fishers Effect;

N = ( (1+R) × (1+F)) - 1

N- nominal rate, R-real rate, F- inflation

real rate of return = (1.1393)/ (1.027)- 1 = 0.1093

real rate of return = 0.1093 × 100 = 10.93%

real rate of return= 10.93%

8 0

3 years ago

Why do we have a graduated income tax?​

Why do we have a graduated income tax?