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Lera25 [3.4K]
3 years ago
5

A progressive tax system: __________

Business
1 answer:
otez555 [7]3 years ago
5 0

Answer:

a) Means higher marginal tax rates at higher income levels.

Explanation:

The progressive tax system is a system where the rate of the taxes according to the increased in the taxable amount. It generally applied to the personal income taxes that means if the people have the less income so less tax rate would be applied and if the people have the high income so high tax rate is applied

Therefore as per the given situation, the option a is correct

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Answer:

Yes it can be done from using cumulative percentage line on right y-axis

Explanation:

for smallest bar= lowest percentage on right y-axis × 200/100

for 2nd smallest bar= ( next consecutive percentage- smallest percentage) × 200/100

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3 years ago
Waupaca Company establishes a $400 petty cash fund on September 9. On September 30, the fund shows $122 in cash along with recei
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Answer and Explanation:

The Journal entry is shown below:-

September 9

Petty cash fund Dr, $400

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(Being establishment of petty cash fund is recorded)

Here we debited the petty cash fund as assets is increasing while we credited the cash is decreasing.

September 30

Merchandise Inventory Dr, $51

Postage expense Dr, $73

Cash Short and over Dr, $13

Miscellaneous Dr, $141

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(Being reimburse of petty cash find is recorded)

Here we debited the merchandise Inventory, postage expense, cash short and over and miscellaneous as it is expenses while we credited the petty cash as is reimbursed.

October 1

Petty cash fund Dr, $60

($460 - $400)

     To Cash $60

(Being increase in petty cash fund is recorded)

Here we debited the petty cash fund as assets is increasing while we credited the cash is decreasing.

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4 years ago
Some experts believe that 15​% of all freshwater fish in a country have such high levels of mercury that they are dangerous to e
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Duhhhhhhhh indont know I’m a middle school
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3 years ago
Amy, the chief operations officer of a company that manufactures baby products, formulates a plan on how the company's newly lau
strojnjashka [21]

d. strategic plan

A strategic plan is an evolving set of goals around how a company will meet customer needs and deal with competition and external factors.

4 0
3 years ago
Wayne was a bona fide resident of Brazil for all of 2018 and 2019. He reports his income on the cash basis. In 2018, he was paid
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Answer:

the answer is b

Explanation:

3 0
3 years ago
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