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
Answer: The corect answer is "D. Attributes".
Explanation: The term "attributes" best reflects the guidelines that Neptune employees are expected to follow.
Attributes are given to the specific guidelines given in relation to the resources and capabilities in which your company's money and time should be invested.
Answer:
Date Journal Entry Debit Credit
Aug 15 Cash $245,152
Due from factors $10,432
Loss on sale of receivables $$10,216
Recourse liability $5,000
Account receivable $260,800
Cash received = ($260,800*94%) = $245,152
Add: Due from factor($260,800*6%) = $10,432
Less: recourse obligation= <u>$5,000</u>
Net proceeds= <u>$
229,720</u>
<u>
</u>
Loss on sale of Receivables = $260,800 * 2% + 5000 = $10,216
There are many possible causes for this, one of which is that the promoted product has not yet won the acceptance of the general public. This could be the rationale behind the advertisement Ayla saw for her new line of non-GMO snack items.
<h3>What do you mean by the GMO?</h3>
GMOs, or GM for genetically modified foods, is another frequently used shorthand.
Any organism whose genes have been artificially altered is considered a GMO.
One form of "unnatural" gene alteration entails splicing a gene from one species into another.
GMOs include animals, insects, and pharmaceuticals that have undergone genetic alteration in addition to food products. Insulin was the first pharmaceutical created by genetic engineering.
Therefore, there are many possible causes for this, one of which is that the promoted product has not yet won the acceptance of the general public. This could be the rationale behind the advertisement Ayla saw for her new line of non-GMO snack items.
To know more about the GMO, visit:
brainly.com/question/28211337
#SPJ1
Answer:
$929.33
Explanation:
Earnings before interest is basically the earning before interest rate and tax, or EBIT.
We know:
Addition to Retained Earnings = Net Income after Tax - Dividends
Given, Addition to Retained Earnings = $237 and Dividends = $64
Thus we have:
Addition to Retained Earnings = Net Income after Tax - Dividends
237 = Net Income after Tax - 64
Net Income after Tax = 237 + 64 = $301
Now,
We know,
After Tax Income = Before Tax Income - Tax
Given tax rate is 27% of sales and let Before Tax Income be "x", we have:
301 = x - 0.27x
301 = 0.73x
x = 301 / 0.73
x = $412.33
EBIT = Before Tax Income (x) + Interest
Given Interest = 517, we have:
EBIT = 412.33 + 517 = $929.33
