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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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Suppose that Jack and Sophia and Hal enter into an agreement for the sale of the business without the non-competition agreement.
Gnoma [55]

Answer:

Option "C" is the correct answer to the following question.

Explanation:

In the following situation, Jack, Hal, and Sophia agreed to a business without an agreement, so in this situation, if jack wants not to take $100,000, he is not liable for this because it is the agreement for sale without the non-competition clause.

So, it is a valid contract.

Therefore, option "C" is the correct answer.

5 0
3 years ago
. Which business practice did Rockefeller repeatedly use that helped him succeed in building his oil monopoly?
PSYCHO15rus [73]
The correct answer is<span> D.In all his businesses, Rockefeller made sure that he controlled all aspects of production.

What he did for example for oil was control all things relevant for oil such as rigs, refinement, transportation, gas stations, roads, all kinds of similar things. This way nobody could bother him in any way and he could dictate the prices and the market. </span>
8 0
3 years ago
Read 2 more answers
Marigold Corp. had 302000 shares of common stock issued and outstanding at December 31, 2017. No common stock was issued during
Paul [167]

Answer:

EPS = 1.077

Explanation:

302,000 shares at december 31th, 2017

202,000 issued

504,000 total

(net income - preferred stock dividends) / common stock

(626,000-83,000 ) /  504,000 = EPS = 1.077380952 = 1.077

4 0
3 years ago
Government can reallocate resources of an economy through taxes, ________ payments, and by providing direct services..
malfutka [58]

Answer:

B. transfer 

Explanation:

Transfer payment is when income is received and neither goods or services are exchanged.

Transfer payment is a form of reallocation of resources.

I hope my answer helps you

5 0
3 years ago
"K has a $10,000 traditional whole life policy with a loan outstanding" of $1,000 and a 5% interest charge. At the end of the fi
lyudmila [28]

Answer:

The result of K's inaction causes an increase in the outstanding loan by $50

Explanation:

<em>Step 1: Determine the interest amount</em>

The interest amount can be determined as follows;

I=PRT

where;

I=interest amount

P=principal amount

R=annual interest rate

T=time

In our case;

I=unknown

P=$1,000

R=5%=5/100=0.05

T=1 year

replacing;

I=1,000×0.05×1=$50

<em>Step 2: Determine the total loan amount</em>

This can be expressed as;

A=P+I

where;

A=total loan amount

P=principal amount

I=interest amount

In our case;

A=unknown

P=$1,000

I=$50

replacing;

A=1,000+50=1,050

The loan amount due after a year=$1,050

The result of K's inaction causes an increase in the outstanding loan by $50

8 0
3 years ago
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