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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

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Of the automobiles produced at a particular plant, 40% had a certain defect. suppose a company purchases five of these cars. wha
Stells [14]

The expected value for the number of cars with defects can be obtained by multiplying the probability of success (i.e. the percentage of products with defects - 40%) by the number of cases (i.e. the number of cars purchased – 5).

 

40 / 100 X 5 = 2

 

Therefore, the expected value for the number of cars with defects will be the percentage of products with defects is 2

6 0
4 years ago
What is a credit limit
Helen [10]
Credit limit refers to the maximum amount of credit a financial institution extends to a client through a line of credit as well as the maximum amount a credit card company allows a borrower to spend on a single card.
6 0
4 years ago
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American businesses have little influence over the behavior of businesses from other countries. question 5 options:
xeze [42]
The answer of this one is false
3 0
3 years ago
In 2016, Chaya Corporation, an accrual basis, calendar year taxpayer, provided services to clients andearned $25,000. The client
Artemon [7]

Answer:

$27,333.33

Explanation:

The computation of the amount of income reported is shown below:

= Provided services to the customer + Payment received × number of months ÷ given number of months

= $25,000 + $12,000 × 7 months ÷ 36 months

= $25,000 + $2,333.33

= $27,333.33

The seven months is calculated from the June 1 to December 31. We assume the books are closed on December 31

7 0
3 years ago
Before beginning to compose a successful business message, you need to collect necessary information by conducting informal or f
dybincka [34]

The questions should I  ask myself in order to avoid frustration and inaccurate messages are :

  • How should the receiver respond?
  • How should the receiver respond?
  • What details regarding this subject should the receiver be aware of?
<h2>How can I develop a company message that is effective?</h2>

You must first gather the relevant data by completing either formal or informal research before you can start to write a good business message. Frequently, the data you gather while conducting research aids in the development of your message.

<h2>Which of the following best sums up a message with a long-term impact?</h2>

A message that is highly complicated and has a long-term impact should be delivered verbally." Identify whether the claim is accurate or not. Despite the possibility that audiences will accept imprecise, vague, or conflicting business communications.

Learn more about effective company's message at :

brainly.com/question/14510443?referrer=searchResults

#SPJ4

5 0
2 years ago
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