Excise taxes on tobacco and alcohol and state sales taxes are often criticized for being regressive. Although everyone pays the same rate regardless of income, this might be so because low-income individuals are more prone than high-income individuals to purchase alcohol, tobacco, and gasoline.
<h3>What are Excise taxes?</h3>
- Any duty on produced items that are assessed at the time of manufacture rather than the time of sale is known as an excise or excise tax.
- Excises and customs duties are frequently used interchangeably, although customs taxes are imposed on already-existing products when they cross a defined border in one direction, whereas excise is imposed on goods that were created inland.
- State sales taxes and excise taxes on alcohol and cigarettes are frequently criticized for being regressive.
- Despite the fact that everyone pays the same rate regardless of income, this may be the case because people with low incomes are more likely than those with higher incomes to buy alcohol, cigarettes, and fuel.
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Answer:
$0
Explanation:
Capital assets are useful items that a business intends to keep beyond the current financial year. They are assets held for personal or investment purposes. Capital assets exclude items meant for sale in the current financial period.
Capital assets are used in the business operations to generate more revenues for the company. They are assets with a use-life that is greater than one year. Castle City General purchased a computer to be used by the city's treasurer. Castle City General will not use this item; hence it will not help in generating any revenues. The Furniture is for the mayor's office, and not the Castle City operations. These two purchases will not be included in Castle City books as capital expenditures.
Due to the nature of CDs, once the money is deposited, it remains there until maturity (unless you wish to pay a large penalty) and the interest rate remains the same.
Age is not a factor in maturity; rather, maturity is determined by the way you decide to behave and react to different life experiences. It is essentially a stage of mental maturity or wisdom that affects every aspect of a person's life, from behaviour to interpersonal relationships. An emotionally mature person has attained (and strives to attain) a level of self-understanding with regard to their thoughts and behaviours, and after doing so, they decide how to effectively approach and cope with situations that could otherwise be difficult or problematic. Brain Maturity Continues Long After Adolescence Most laws consider 18 to be the legal age of adulthood. However, new research on brain development indicates that the majority of people don't attain complete maturity until they are 25 years old. Accepting responsibility for your own words and deeds may be the most crucial aspect of maturing as a person. Always keep in mind that things don't just happen to you. Your words and deeds have an impact on both you and other people because you are an agent in your own life.
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Answer:
(D) All of the above
Explanation:
Residents of rich countries are likely to have housing, healthcare and life expectancy in bigger quantities and better quality than residents of poor countries
