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inysia [295]
3 years ago
12

Which word best describes the effects of income taxes as your income increases?

Business
1 answer:
nadezda [96]3 years ago
7 0
The word that best describes the effects of income taxes as the income increases is regressive. 
A regressive tax unlike progressive tax in which rates increases as the payer's income increases, it increases as the payer's income decreases. examples of regressive taxes include sales taxes, user fees among others. Regressive describes a distribution effect on income or expenditure, referring to the way the rate progresses from high to low. 
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maksim [4K]

Answer:

Explpanation:

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2 years ago
If the average wage paid to the worker was $20 in the year 1990 and $30 in the year 2000, then the average worker in the year 20
True [87]

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False

Explanation:

Purchasing power is related to real income and not to nominal income. Even though workers had a $10 increase in their average nominal income, due to the effects of inflation, that increase does not necessarily reflect an improve in purchasing power.

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3 years ago
Those who make economic policy concerning price controls often do so in order to?
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establish a more equitable result based on normative judgements. In the market for personal computers and in the stock market: 1) supply and demand shifts change prices and quantities.

5 0
2 years ago
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balu736 [363]

Answer:

a. $3.13 per unit

b. No

c Yes

Explanation:

The computation is shown below

a. Fixed overhead per unit is

= Fixed overhead ÷ Number of units manufactured

= $363,000 ÷ 116,000 units

= $3.13 per unit      

b. The cost calculation is not appropriate because the fixed overhead per unit is not be involved while calculating the cost

c. Now the acceptance of the offer should be based on total relevant cost which is            

Total relevant cost

= $6.1 + $6.1 + $8.1

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3 0
3 years ago
On January 1, 2020, National Retail purchased $100,000 of GEH Company bonds at a discount of $10,000. The GEH bonds pay 6% inter
rusak2 [61]

Answer:

Cr Interest revenue $3,624

Explanation:

Dr Investment in bonds 100,000

    Cr Cash 90,000

    Cr Discount on investment in bonds 10,000

the first coupon payment:

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Dr Cash 3,000

Dr Discount on investment in bonds 600

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the second coupon payment:

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Dr Cash 3,000

Dr Discount on investment in bonds 624

    Cr Interest revenue 3,624

4 0
3 years ago
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