The federal personal income tax is an example of a progressive tax.
<u>Explanation:</u>
- A progressive tax is defined as the taxable amount increases when the tax rate increases. The term progressive is known as the increase from low to high.
- A person's marginal tax is high when compared to the taxpayer's average tax rate.This progressive tax will tend the people who have a lower ability to pay will pay less and who are the higher ability of pay will pay high.
- To know that clearly, it is the personal income tax. People with lower income will pay less tax and people with higher income will pay high taxes
- Britain Prime Minister William Pitt the Younger was introduced the first modern income tax.
Answer:
I dont really know what type of anwser your looking for but i hope this helps.
Explanation:
Commercial banks play an important role in the financial system and the economy. ... They provide specialized financial services, which reduce the cost of obtaining information about both savings and borrowing opportunities. These financial services help to make the overall economy more efficient.
Answer:
The answer is mitotic nondisjunction of X Chromosomes.
Explanation:
Nondisjunction is a type of error that occurs resulting in daughter cells with chromosome numbers that are abnormal (aneuploidy). Due to the error in chromosome numbers, it gives rise to conditions such as Down Syndrome (Trisomy 21) and Turner Syndrome (Monosomy X). Nondisjunction can be caused by;
1. Failure of separation to occur in a pair of homologous chromosome during meiosis I.
2. Failure of separation between sister chromatids in Meiosis II.
3. Failure of separation between sisters chromatids in mitosis.
This gives the 45,X in Turner syndrome. The other X chromosome is partly or completely missing. Hence, the female is born with only one X chromosome.
