BUSINESS HIGH SCHOOL

How does the rate of a proportional tax change with income?A.)The rate increases as income increases.
B.)The rate remains the same, even if income increases or decreases.
C.)The rate decreases as income increases.
D.)The rate decreases as income decreases

Answers

Answer 1
Answer: B the rate remains the same even if income increases or decreases

The government or tax collecting authority sets a fixed percentage of income, and then requires that percentage of every dollar paid as tax. This is in comparison to a progressive marginal tax rate which taxes at a fixed amount different brackets of income, but higher brackets are taxed at a higher rate. Proportional remains the same amount out of every dollar earned up to an unlimited amount or down to an income of $0.

Related Questions

The following data is available for Metlock, Inc. at December 31, 2020: Common stock, par $10 (authorized 26000 shares) $234000 Treasury stock (at cost $15 per share) $1200 Based on the data, how many shares of common stock are outstanding?
Tinder, the mobile dating app, is competing for market share with Match among college students. In its promotional messages, Tinder claims that it connects singles faster and cheaper than the competitor. Tinder is using _____ in its product positioning for college students. A. Points of Parity B. Compatibility C. Mass Customization D. Mass Marketing E. Points of Difference
Madison has an account that pays different interest rates depending how much she has in her account. This type of interest rate is called a _____.nominal interest rate variable interest rate real interest rate annual percentage yield
A purely domestic firm may be affected by exchange rate fluctuations if it faces at least some foreign competition.True or False
The accounts receivable balance is $1,000,000. After adjustment, the allowance for uncollectible account balance is $40,000. Net Sales were $12,000,000. What is the net realizable value (book value) of the receivables?

At Google, people wear whatever they want to work. This minimizes the distinctions between managers and employees, which is an important part of Google’s culture_______________.

Answers

Answer:

Artifacts

Explanation:

Artifacts are elements of an organization's culture.

They are physical representations within the organization that can be seen by employees and also by outsiders who walk into the organization.

Examples are; furniture, physical design of offices, organization's logo, dress code.

Google's dress code which allows employees wear whatever they want to work is an important part of the organization's culture artifacts.

How does social distancing and stay-at home measures change our buying behavior(s)?

Answers

Answer:

we have to socal distance and then we get annoyed and upset when someone gets in our space

In 5-6 sentences, explain international trade. Be sure to discuss imports, exports, absolute advantage, comparative advantage, balance of trade, and balance of payments in your response.

Answers

too put it simply, international trade is an act of exchanging economic products through the activities called imports ( buying a product from other country) and export (selling product to another country).

The amount of total import and export will affect the Balance of trade of the country, which is a difference of the amount of that country's import and export

in an international trade some countries can produce a specific product more efficiently than other products in that country , which called and comparative advantage, and more efficiently than other countries, which called absolute advantages

hope this helps

Suchta buys a motorcycle for $7810 and spends $1095 on its repairs. If she sells the scooter for $10,505, what is her gain percent?

Answers

Explanation:

To calculate Suchta's gain percentage from selling her motorcycle, you can use the following formula:

Gain Percentage

=

Selling Price

−

Total Cost

Total Cost

×

100

Gain Percentage=

Total Cost

Selling Price−Total Cost

×100

Where:

Selling Price is the price at which she sold the motorcycle.

Total Cost is the sum of the purchase price and repair cost.

Let's plug in the values:

Selling Price = $10,505

Total Cost = $7,810 (purchase price) + $1,095 (repair cost) = $8,905

Now, calculate the gain percentage:

Gain Percentage

=

10

,

505

−

8

,

905

8

,

905

×

100

=

1

,

600

8

,

905

×

100

≈

17.98

%

Gain Percentage=

8,905

10,505−8,905

×100=

8,905

1,600

×100≈17.98%

Suchta's gain percentage from selling her motorcycle is approximately 17.98%.

If you are able to avoid offending people, you have ______

Answers

Answer:

Empathy.

Explanation:

Empathy is the ability to understand the actions and feelings of others, this is because we put ourselves in the place of the offended person. Thus empathy means putting yourself in the place of the person who will be offended. So if you can avoid offending people, you have empathy.
if you are able to avoid offending people, you have tact!

Since accounting principles differ among countries, the overall global trend is for firms to begin using______________.

Answers

Answer:

The correct answer is International Financial Reporting Standards (IFRS).

Explanation:

The International Financial Reporting Standards (IFRS) are technical accounting standards adopted by the IASB, a private institution based in London. They constitute the International Standards or international norms in the development of the accounting activity and suppose an accounting manual in the way that is acceptable in the world.

The main reason that explains the tendency of the countries towards the application of IFRS, is based on the main objective of the IASB, which is "to develop, seeking the public interest, a single set of global accounting standards that are high quality, understandable and mandatory, that require high quality, transparent and comparable information in the financial statements and other types of financial information, to help participants in capital markets around the world, and other users, to make economic decisions. "
Other Questions
A maintenance department would be an example of aa. cost center. b. direct expense. c. profit center. d. None of the above
Whoever answer gets 100
A few months before, a major B2B supplier raised prices of its products 10 percent to cover changes in market conditions. He was surprised to find how the orders from his normal customers plummeted. His normal order was $1,100. After the price increase, the average order dropped by 25 percent. He became concerned that customers might look elsewhere. For this reason, he decided to start offering discounts. When one of his loyal customers, David, purchases $950 worth of product for his firm, the supplier gives David the terms "4/20 net 30." He wants to maintain his relationship with David and would ideally like to receive payment in less than a month. Refer to Scenario 19.3. Consider how the average order amount changed when prices were raised $75. The elasticity of demand is _______. With this in mind, the product can best be described as _______.
Read the following scenario to determine which hazard prevention or control method applies. marcos informs his fellow workers of the rules for using ladders safely.