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Alex
3 years ago
11

Categorizing U.S. taxes

Business
1 answer:
Sergeeva-Olga [200]3 years ago
5 0

Answer:

A

Explanation:

A regressive tax is a tax system where the same tax rate is applied uniformly. As a result, those earning less income are taxed higher than those earning more income.  

Sales tax is an example of a regressive tax.

If sales tax is 5%. Worker A earns $100 and worker B earns $1000. Both buy a good worth $50 before tax.  the sales tax is worth $2.5.

The tax comprises $2,5 / 100 = 2.5% of worker A's income and $2,5 / $1000 = 0.025% of Worker B's income.

It can be seen that worker A who earns less income is taxed higher

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Ace, Inc.'s stockholders' equity applicable to common shares is $60,000. The number of common shares outstanding is 1,000 and th
iVinArrow [24]

Answer:

the book value per common share is $60.

Explanation:

Book Value Per Share = Equity Applicable / Number of Shares Outstanding

                                     =  $60,000/ 1,000

                                     = $60

Thus the book value per common share is $60.

8 0
3 years ago
Cumberland Co. sells $2,000 of inventory to Hancock Co. for cash. Cumberland paid $1,250 for the merchandise. Under a perpetual
mafiozo [28]

Answer:

Cash (Debit)                                    $2,000

         Sales (Credit)                                         $2,000

Cost of Merchandise Sold (Debit)   $1,250

         Merchandise Inventory (Credit)             $1,250

Explanation:

Cash (Debit): Cash increase because it is a Cash Sale, cash increases by debit.

     

Sales (Credit):  to register the sale, Sales(income) increases by credit .

Cost of Merchandise Sold (Debit): to record the cost of the merchandise sold, the costs increase by debit.      

Merchandise Inventory (Credit): to record the inventory output of the merchandise sold, inventory decreases by credit.

4 0
3 years ago
Billy finds Anne's work on the new project subpar. Which of these situations is considered constructive criticism of her work?
Marta_Voda [28]
The correct answer would be second choice - <span>Billy gives reasonable opinions of Anne's work and offers suggestions to improve.

As you can see, Billy gave both his opinions, and the suggestions he thinks will help her improve. </span><span>
</span>
5 0
3 years ago
Ms. Noser visits a local animal shelter to purchase a dog for her children. At the shelter she is introduced to
katen-ka-za [31]

Answer:

what is the meaning of non cooperation movement

7 0
2 years ago
Following the occurrence of a security incident affecting a network of computer systems, the afflicted company suffered immediat
Fiesta28 [93]

Answer:

The element that relates to the why the loss matters is the consequence of the loss.

Explanation:

The logic of loss is a guideline that precscribes losses are to be considered either in monetary terms or in loss of life so as to permit analysis, on the basis of comparisons, management of risk and policy implementation. Usually, the following elements are identified during this process: cause, extent and consequence.

The cause relates to the damage involved, the extent relates to the size and duration and the consequence relates to the value that will pe lost, either in monetary terms or life. Hence, the importance of a loss is considered when one evaluates its consequences.

8 0
3 years ago
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