Answer:
i. is relatively more expensive to the poor than to the rich.
regressive
Explanation:
A sales tax is a tax on the consumption of goods and services levied by the government or an agency of the government.
There are three types of tax systems
1. Regressive tax system is a tax system where those that earn lower income pay more tax and those that earn higher income pay less tax.
2. A proportionate tax taxes everyone the same regardless of the amount earned.
3. A progressive tax is a tax structure where those who earn higher income are taxed more and those that earn less pay less amount of tax.
A sales tax is regressive.
This can be illustrated with an example.
Person A earns $100,000 while person B earns $1000. They both purchased a good and the sales tax paid was $50.
The proportion of sales tax to income for person A = 50 / 100,000 = 0.05%
The proportion of sales tax to income for person B = 50 / 1000 = 5%
It can be seen that the sales tax is relatively more expensive to the poor than to the rich. this is an example of a regressive tax
I believe it's Social. Sorry if i'm wrong.
Those people who own the mode of production are typically of higher class than laborers.
In the Marxist theory of historical materialism, a mode of production refers to a specific combination of the productive forces, which tend to include the human labour power, and another one is the social and technical relations of production.
So, here Marx says that a person's productive ability and his participation in the social relations are known to be the two essential characteristics of social reproduction. Thus, those people who tend to own the mode of production are typically of the higher class than the laborers.
Hence, option C is correct.
To learn more about the mode of production here:
brainly.com/question/29320253
#SPJ4
The entry that lane will make to record the receipt of cash will include a credit to the Accounts Receivable account.
<h3>What is Accounts Receivable?</h3>
Accounts Receivable is the amount, which a company will receive from its customers who have purchased its goods & services on credit.
It refers to the money that the customer owe to the company for the goods or services that they have already received but not yet paid for.
For example- Goods purchase on credit by ABC, the amount gets added to the accounts receivable.
Learn more about the account receivable here:-
brainly.com/question/24261944
#SPJ1
The more debt used, the greater the leverage a company employs on behalf of its owners.
<h3>
What is financial leverage?</h3>
Financial leverage exists as the usage of borrowed money (debt) to finance the purchase of assets with the anticipation that the income or capital gain from the new asset will surpass the cost of borrowing.
<h3>What is financial leverage example?</h3>
An example of financial leverage use contains utilizing debt to buy a house, borrowing money from the bank to begin a store, and bonds issued by companies.
Debt exists as an obligation that requires one party, the debtor, to pay money or other agreed-upon value to another group, the creditor. Debt stands for deferred payment, or sequence of payments, which distinguishes it from an immediate purchase.
To learn more about financial leverage refer to:
brainly.com/question/17099821
#SPJ4
