1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Naily [24]
3 years ago
7

progressive taxes operate on the assumption that those with _____ can afford to contribute a higher percentage of their income i

n taxes.
Business
2 answers:
vladimir1956 [14]3 years ago
6 0

The principle of progressive taxes is based on the assumption that those with higher incomes can afford to contribute a higher percentage of their incomes in taxes.

The principles for a progressive tax system are:

  • tax paid is based on the taxpayer's ability
  • a lower tax rate is imposed on low-income earners
  • it is not regressive and does not use a flat rate
  • creates tax brackets, grouping taxpayers by income ranges.

Thus, the progressive tax system operates with the assumption that the <em>higher the income, the higher the tax paid.</em>

Learn more: brainly.com/question/23494200

EastWind [94]3 years ago
4 0

Progressive taxes operate on the assumption that those with <u>higher income</u> can afford to contribute a higher percentage of their income in taxes.

Taxation can be defined as the involuntary or compulsory fees that are usually levied on individuals or business entities by the government, so as to generate revenues used in funding public institutions and activities.

Generally, there are three (3) types of taxation used by the government and these are;

1. Regressive taxation

2. Proportional taxation.

3. Progressive taxation.

A progressive taxes involves charging or levying individuals that are having <u>higher incomes</u> a higher percentage of their total income in taxes.

  • For example, Citizen John pays 30% on $60,000 and Citizen Ann pays 14% on $26.000.

Read more: brainly.com/question/16477816

You might be interested in
Materials requirements planning (MRP) _________.a. reduces the uncertainty about when materials are needed, thereby reducing the
eimsori [14]

Answer:

The correct answer is (a)

Explanation:

Material inventory planning technique is an effective technique to manage the inventory level. It helps to manage all the inventory requirements and helps to schedule the inventory accordingly. It reduces the uncertainly regarding the inventory level, needs and materials. It helps to have the entire inventory needed for the short time; as soon as the inventory reaches a specific level it helps to restock it.

5 0
4 years ago
A department store has budgeted sales of 12,000 men's coats in September. Management wants to have 6,000 coats in inventory at t
murzikaleks [220]

Answer:

$1,050,000

Explanation:

Budgeted purchases= coats in inventory + budgeted sales- Beginning inventory expected coats

Budgeted purchases = 6,000 + 12,000 - 4,000 = 14,000 suits

14,000 suits x $75/suit = $1,050,000

Therefore the dollar amount of the purchase of suits if each coat has a cost of $75 is $1,050,000

6 0
3 years ago
The nation of alpha does not take seriously the gathering and publishing of its economic statistics. this creates?
jonny [76]

The nation of alpha does not bring seriously the gathering and publishing of its economic statistics. This forms uncertainty about forecasts, causing business firms to invest less.

<h3>What is meant by Business Forecasts?</h3>

Business forecasting is the process of predicting future market circumstances by analyzing historical data using business intelligence tools and forecasting techniques. Forecasting in business can be qualitative or quantitative. The process of predicting changes in a firm, such as sales, expenses, profits, and losses, is known as business forecasting.

Business forecasting aims to create better plans based on these knowledgeable projections, assisting in the prevention of probable failure or losses. The gathering, processing, compilation, dissemination, and analysis of economic data are the topics of applied statistics and applied economics. It has a close connection to econometrics and business statistics.

Hence, The nation of alpha does not bring seriously the gathering and publishing of its economic statistics. This forms uncertainty about forecasts, causing business firms to invest less.

To learn more about Business forecasting refer to:

brainly.com/question/21445581

#SPJ4

4 0
2 years ago
cpnsider capm the risk free rate is ^5 and the expected return on the market is 18% what is the expected return on a stock with
borishaifa [10]

Answer:

Expected return = 21.9 %

Explanation:

<em>The capital asset pricing model is a risk-based model. Here, the return on equity is dependent on the level of reaction of the the equity to changes in the return on a market portfolio. These changes are captured as systematic risk. The magnitude by which a stock is affected by systematic risk is measured by beta</em>.  

Under CAPM, Ke= Rf + β(Rm-Rf)

Rf-risk-free rate (long-term i.e 10 year treasury bill rate), β= Beta, Rm= Return on market., Ke- Return on equity (cost of equity)  

This model can be used to work out the cost of equity as follows:  

Ke= Rf + β (Rm-Rf)  

Rf- 5%, β= 1.3, Rm- 18, E(r)- ?  

Ke =  5% + 1.3×(18-5)%=21.9 %  

Ke = 21.9 %

Expected return = 21.9 %

5 0
4 years ago
Carlos opens a dry cleaning store during the year. He invests $30,000 of his own money and borrows $60,000 from a local bank. He
saw5 [17]

Answer:

How much of the loss can Carlos deduct if the loan from the bank is non-recourse?<u> No deduction because he is not personally liable for debt or loan used in the trade that holds real property.</u>

How much does Carlos have at risk at the end of the first year? <u>$30000</u>

7 0
3 years ago
Other questions:
  • A company with 100,000 authorized shares of $4 par common stock issued 40,000 shares at $8. Subsequently, the company declared a
    7·1 answer
  • Marta's boss tells off-color jokes and tolerates sexually based teasing by male employees of women employees. when she complains
    13·1 answer
  • Hahnny Company purchased a machine for $200,000 in cash on January 1 of Year 1. The machine has an estimated salvage value of $4
    5·1 answer
  • LaMont works for a company in downtown Chicago. The firm encourages employees to use public transportation (to save the environm
    14·1 answer
  • Two years from now, the YTM on your bond has declined by 1 percent, and you decide to sell. What price will your bond sell for?
    5·1 answer
  • Is 5 a composite or prime number
    7·2 answers
  • Interdepartment Services: Step Method
    9·1 answer
  • You are one of five risk-neutral bidders participating in an independent private values auction. Each bidder perceives that all
    13·1 answer
  • All the occupation are equally important how and why .<br><br><br><br><br> ​
    12·1 answer
  • Alshorouk Inc. is a small but growing company and is currently looking for to add a new site to its existing one. The factors fo
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!