Answer: 1. the percentage of income paid as taxes falls as income rises
Explanation: A REGRESSIVE TAX is a tax imposed in a way or manner in which the tax rate decreases as the amount subject to taxation increases. "Regressive" describes a distribution effect on expenditure or income, referring to the way the rate progresses from high to low, so in this case the average tax rate exceeds the marginal tax rate.
11. D imports.
12.C
13.D
14.D
15.A
If you have a balance on your credit card but you would like to pay less money in the long run, you should pay as much as possible every month.
Answer:
$90,000
Explanation:
It is given that :
The pretax accounting income of Bryce Corporation 100,000
The interest on the municipal bonds - 7,000
The depreciation - 5,000
The difference in bad debt expense (3000-1000) <u> +2,000</u>
So the total income of Bryce Corporation $ 90,000
Attacking someone else's opinion. I hope this helps!
