BUSINESS HIGH SCHOOL

How is sales tax similar to a flat tax?They are both direct taxes

They are both indirect taxes

They are both the same rate for everyone

They both change according to income

Answers

Answer 1
Answer: A flat tax is a tax system that taxes income at a single fixed rate regardless of an individual  income level, meaning that all taxpayers pay the same tax rate on their income.This tax is applied  upon consumers at the point of sale for goods and services. 
 sale tax is a tax imposed  on the sale of goods and services that is usually calculated as a percentage of the purchase price and collected by the seller
Answer 2
Answer:

Answer:

Sales taxes and flat taxes are similar in that both of them charge the same tax rate for everyone. A sales tax is levied when you purchase a retail good and it is a fixed percentage of the price of the goods bought. An example of a flat tax is the payroll tax which is 12.4% regardless on the salary paid.  

Related Questions

The "IPS" (Investment Policy Statement) for a qualified retirement plan under ERISA states the asset allocations permitted in the plan. The IPS requires that 50% of assets be placed in stocks; and 50% of assets be placed in fixed income securities. The allocation percentage is allowed to vary by up to 10%, giving the manager the ability to time the market to enhance returns. The investment manager expects a bull market in equities and increases the equities allocation to 65% and reduces the fixed income allocation to 35%. The equities market rallies and the overall portfolio increases by 18% for the year. At the end of the year, the manager rebalances, bringing the portfolio allocation back to 50/50. The investment manager:________.
If nominal gdp is $12,025 billion and the money supply is $1,300 billion, the velocity of money is:
The benefit of a subsidy will go primarily to sellers when the a. demand for the product is highly inelastic and supply is relatively elastic. b. demand for the product is highly elastic and the supply is relatively inelastic. c. subsidy is legally (statutorily) granted to the seller of the product. d. subsidy is legally (statutorily) granted to the buyer of the prod
Explain why if an insurance company’s CFO immunizes thecompany’s balance sheet it will not necessarily remain immunized insix months time.
A finance company has a total of $20 million earmarked for homeowner and auto loans. On the average, homeowner loans have a 10% annual rate of return, whereas auto loans yield a 12% annual rate of return. Management has also stipulated that the total amount of homeowner loans should be greater than or equal to 4 times the total amount of automobile loans. Determine the total amount of loans of each type that Madison should extend to each category in order to maximize its returns. housing million dollars automobile million dollars

In Ben v. City Car Dealership, a state supreme court held that a minor could cancel a contract for the sale of a car. Now a trial court in the same state is deciding Daphne v. Even Steven Auto Deals, Inc., a case with similar facts. Under the doctrine of stare decisis, the trial court is likely toa. disregard the previous case.
b. order the minor to cancel the contract.
c. require the minor to fulfill the contract.
d. allow the minor to cancel the contract.

Answers

Answer:

The correct answer is D

Explanation:

Under the doctrine of the stare decisis, the court will look into the past or the similar issues in order to guide their decisions related to the issues. And the past decisions are referred or acknowledged as the precedent.

Precedent is the principle or rule which is legal and it is established or created by the decision of the court. And this decision become the authority or the example for judging or deciding the similar issues.

Therefore, in this case, the trial court when deciding upon the case of D v E, will likely to allow or permit the minor to cancel the contract or the agreement.

Takisha Jorimoto works in finance for a small microbrewery. This week Takisha is working on a budget for the next 12 months. She has been doing research to determine prices for the new equipment the company will need in the next 12 months to stay competitive in this market. Which of the steps in financial planning is Takisha involved in?- Developing financial statements for outside investors - Developing budgets to meet financial needs - Establishing financial controls and tax policy - Forecasting short-term financial needs

Answers

Answer:

Forecasting short-term financial needs

Explanation:

Takisha is working on determining the amount of money that the company needs to invest in new equipment during next year, so she is forecasting the financial needs for next year (12 months). In financial terms, one year or less is considered short term, and more than one year is considered long term.

What should be the price of a common stock paying $3.50 annually in dividends if the growth rate is zero and the discount rate is 8%?

Answers

Answer:

$43.75

Explanation:

Dividend discount model with zero growth assumes that the Company shall continue to pay the same amount of dividend in infinity. The formula for calculating price of such stock is

Price = Annual Dividend / Discount rate

Price = $3.5 / 8%

Price = $43.75 / per share

Which empire's accomplishments include the ishtar gate, the hanging gardens of babylon, and a knowledge of astronomy and medicine?

Answers

The Chaldean Empire's accomplishments include the Ishtar Gate, the Hanging Gardens of Babylon, and a knowledge of astronomy and medicine.

The Chaldean Empire was founded after the Assyrians defeat in 612 B.C. This empire was ruled by King Nebuchadnezzar and he built a wealthy and powerful Nation.

Answer:

Chaldean

Explanation:

Which organization sets monetary policy for the United States? Board of Governors Congress Federal Open Market Committee Federal Reserve Banks

Answers

The Federal Reserve Banks is the organization that sets the monetary policy for the United States.

They decide on the interest rates of commercial banks, as well as, the quantity of legal tender that must be in circulation.

Just took the test and got 100%, the answer is the Federal Open Market Committee, they decide what measures to take to adjust the money supply.

Ethan is engaged in sales __________ , which refers to a series of conversations between buyers and sellers that occur as salespeople attempt to initiate, develop, and enhance customer relationships

Answers

Answer: Sales dialogue.

Explanation:

Ethan is engaged in sales dialogue with his customers, in which a relationship is built that would enhance sales. Sales dialogue is a highly effective form of communication between marketer and consumer, where the marketer's aim is to build a relationship with the consumer, to make sales easier.
Other Questions
" Brad always buys and uses Nike brand golf balls. If he finds a Titlelist or Callaway ball in the rough, he gives it away. Brand loyal golfers like Brad allow Nike to charge a higher price and not lose many sales. Nike has effectively: "
people who enjoy working with their hands might enjoy a career as a/an A.travel agent B.teacher C.accountant D. chef?
Which statement regarding the "miracle" of war production is most accurate?a.Worker productivity increased, due more to new job opportunities after a long Depression than to any commitment to the war effort.b.Both corporate profits and personal incomes rose, though more flexible smaller firms and wealthier individuals gained the most War.c.production rested on the conversion of peacetime industries, so overall economic output grew very little U.S. achievements in war production.d.proved as important to the Allied victory as success on the battlefield
The first and most important step in the posting procedure isA. posting the amount. B. posting the date. C. posting the explanation. D. recording the posting reference information.