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
Nuetrik [128]
3 years ago
11

Why do we have a graduated income tax?​

Business
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.
You might be interested in
Accounts receivable arising from sales to customers amounted to $40,000 and $55,000 at the beginning and end of the year, respec
Allushta [10]

Answer: The answer is e. $215,000.

Explanation: Based on the information provided in the question, see the cash flows statement below:

XYZ Cash Flows Statement

Net income                                                         $180,000

Increase in account receivable                           (15,000)

Increase in accounts payable                              50,000

Cash flows from operating activities             $215,000

  • Note that the purchase of equipment of $50,000 cash would not be considered under cash flows from operating activities but would rather be considered under cash flows from investing activities.
  • Increase in accounts receivable means outflow of cash while increase in accounts payable means non-payment of debt, that is, inflow of cash.
7 0
3 years ago
Read 2 more answers
Theresa’s Flower Garden has 750 bonds outstanding that are selling for $989 each, 2,500 shares of preferred stock with a market
Sidana [21]

Answer:

weight of preferred stock = 4.63 %

Explanation:

given data

Number of outstanding bonds = 750

selling price  = $989 each

preferred stock = 2,500 shares

market price = $47 a share

number of common stock = 30,000

common stock valued = $56 share

solution

we first get here total market value that is express as

total market value  = Number of outstanding bonds × selling price per bond + number of preferred stock × market price per share + number of common stock × par value per share    ......................1

put here value and we get

total market value = 750 × $989 + 2,500 × $47 + 30,000 × $56

solve it we get

total market value = $2539250

and

here now we get weight of preferred stock that will be

weight of preferred stock = Total value of preferred stock ÷ total market value × 100   .........................2

put here value

weight of preferred stock = ( 2,500 × $47 ) ÷ $2539250  × 100

weight of preferred stock = 4.63 %

7 0
3 years ago
A company received an order from a customer in June
asambeis [7]

Answer:

b. July

Explanation:

According to the revenue recognition principle, the revenue has to be recognised in the period the services are provided.

In the question, the services were provided in July, so the revenue needs to be recognised in July,

The fact that the order was received in June or that the payment from the customer was received in August is not relevant for purposes of revenue recognition.

8 0
3 years ago
Sometimes ___________ is used to create a realistic situation with genuine reactions from participants.
Lady bird [3.3K]
Hi,

I believe that the answer to your question is "A nonmonetary incentive or "Case observation"

Just a guess :) 
6 0
3 years ago
An employee earns $16 per hour and 1.75 times that rate for all hours in excess of 40 hours per week. assume that the employee w
Tatiana [17]

Total pay for this week = $16*40 + $16*1.75*10 = $920

Prior Gross pay = 23,200

Total Gross pay = 920 +23,200 = $24,120

Social security = 0.06*24,120 = $1,447.20

Medicare = 0.015*24,120 = $361.80

Federal Tax withheld = $212

Total deductions = 1447.20 +361.80+212 = 2,021

Total Net Pay = 24,120 -2,021 =$22,099

7 0
3 years ago
Other questions:
  • Assume that the Assembly Department allocates overhead based on machine hours, and the Finishing Department allocates overhead b
    11·1 answer
  • As of January 1, 2021, Farley Co. had a credit balance of $523,000 in its allowance for uncollectible accounts. Based on experie
    10·1 answer
  • You are ready to buy a house, and you have $20,000 for a down payment and closing costs. Closing costs are estimated to be 4% of
    9·1 answer
  • Payday loans are very short-term loans that charge very high interest rates. You can borrow $400 today and repay $476 in two wee
    9·1 answer
  • A bank reconciliation should be prepared a. to explain any difference between the company's balance per books with the balance p
    8·1 answer
  • A coupon bond that pays interest of 4% annually has a par value of $1,000, matures in 5 years, and is selling today at $785. The
    6·1 answer
  • How much was a dozen of eggs in 1980
    10·2 answers
  • Barclay Bikes manufactures and sells three distinct styles of bicycles: the Youth model sells for $420 and has a unit contributi
    5·1 answer
  • Walmart and Nordstrom maintain very different strategic profiles, one based on cost-leadership and the other based on differenti
    5·1 answer
  • The quantity demanded for office chairs has decreased due to an increase in price. how would this change in quantity demanded be
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!