In addition, to funding government programs, a Progressive tax system is intended to

Answers

Answer 1

Answer:

see below

Explanation:

A progressive tax system exacts a higher tax rate on higher-income earners. It is based on the ability to pay principle. It results in wealthier people paying more than the less wealthy.

Apart from collecting higher income for the government, the other benefits for the tax system include;

1. Progressive taxes tend to be equitable because rich individuals pay more taxes than poor people. It is fair in the sense that the rich can pay more as compared to the poor.

2. Progressive taxes tend to reduce inequalities in the distribution of income and wealth.

3. It is less costly to administer the progressive tax system.  


Related Questions

Select all that apply
Items listed in the interests/activities section of a résumé are used to:

exemplify you are active
exemplify you are well rounded
exemplify you are intelligent
exemplify you are committed

Answers

Answer: exemplify you are well rounded

Explanation:

Items listed in the interests/activities section of a résumé are used to exemplify you are well rounded.

The essence of listing your interests or hobbies is to show the recruiting officer that one is well rounded and fits the particular position.

This part of the resume also makes one stand out or unique from others and can be used to complement ones academic qualifications.

Before we dig into Home Safety... Why is home safety important to learn about? In what ways can being educated in
home safety help you as you begin to purchase a home, move into a new home, and observe new homes that you visited?

Answers

Answer:

so you cant die

Explanation:

How are logical operators used?
To identify and correct errors
O To make decisions
O To determine a problem
O To create a plan

Answers

Answer:

To identify and correct errors

Explanation:

Which statement best explains the law of demand?
O The quantity demanded by consumers increases as prices rise, then decreases as prices fall.
O The quantity demanded by consumers decreases as prices rise, then increases as prices fall.
O The quantity demanded by producers increases as prices ise, then decreases as prices fall.
O The quantity demanded by producers decreases as prices rise, then increases as prices fall.

Answers

The correct answer is The quantity demanded by consumers decreases as prices rise, then increases as prices fall.

Explanation:

The demand or desire of consumers to buy a certain product is widely affected by the price of the desired product. Indeed, a low price leads to a higher demand because consumers can buy more units of the same product and this motivates them to buy more; while a high price decreases the demand.

For example, if donuts normally cost $1 and their price decreases to $0.5 this will increase the demand or number of donuts people want people they can buy more units and the product can be afforded by more people. On the opposite, if the price increases to $2 people will buy fewer donuts because these would not be affordable for some people, and in general people will spend more money on each donut.

Answer:

the option is b on edge......

A flood damaged a building and contents. Floods are unusual and infrequent in this area. The receipts from insurance companies totaled $500,000, which was $150,000 less than the book values. The tax rate is 30%. On the statement of cash flows (indirect method), the receipts from insurance companies should

Answers

Answer:

It is shown under investing activities as a cash inflow

Explanation:

On the cash flow statement using the indirect method the receipts from the insurance company should be shown in the investing activities at $500,000

as an inflow of cash as the cash is increased

So the same is to be considered

The other $150,000 would be ignored as it is not relevant

Therefore the above is the answer

Oliver's company is planning the launch of their hybrid cars. The company has included "never-before-seen" product benefits in the hybrid cars. Which type of advertising should Oliver's company use for the new cars?

Answers

Answer:

Guerrilla marketing

Explanation:

Guerrilla marketing is one of the marketing and advertising methods. In this method, the conventional means are not adopted for the promotion of the product. The seller adopt methods to grab the attention of the buyers and the customers. In this method, surprises, catchy lines and promotional techniques are used lure the customers. Here imagination and creativity is given priority for the promotion.  

In the given excerpt, Oliver's company used a tag "never-before-seen" to attract the customers.

Lee Ray bought 250 shares of a mutual fund with a NAV of $13.85. This fund also has a load charge of 7%.



a. What is the offer price? (Round your intermediate and final answer to the nearest cent.)



b. What did Lee pay for his investment? (Round your intermediate and final answer to the nearest cent.)


Answers

Answer: a. $14.9

b. $3725

Explanation:

a. What is the offer price?

This will be calculated as:

= NAV / (1 - load charge %)

= 13.85 / (1 - 7%)

= 13.85 / (1 - 0.07)

= 13.85 / (0.93)

= $14.9

B. What did Lee pay for his investment?

This will be:

= Number of shares bought × Offer price

= 250 × $14.9

= $3725

As a rule of thumb, how often should an entrepreneur reevaluate her compensation package? Question 27 options: Every month Every 6 months Every 12 months Every 18 months

Answers

Answer:

Every 12 months.

Explanation:

Generally, as industry practice an entrepreneur re-evaluate her compensation package for every 12 months.

debbie is applying for a gas card. If she gets approved, what type of credit will it most likey be?

Answers

Answer:

debt

Explanation:

As the manager of Smith Construction, you need to make a decision on the number of homes to build in a new residential area where you are the only builder. Unfortunately, you must build the homes before you learn how strong demand is for homes in this large neighborhood. There is a 60 percent chance of low demand and a 40 percent chance of high demand. The corresponding (inverse) demand functions for these two scenarios are P = 300,000 – 400Q and P = 500,000 – 275Q, respectively. Your cost function is C(Q) = 140,000 + 240,000Q. How many new homes should you build, and what profits can you expect?

Answers

The number of new houses that will be built is 200 while the profit is $13860000.

From the information given, the expected demand function will be:

= 60% × (300000 - 400Q) + 40% × (500000 - 275Q)

= 380000 - 350Q

Therefore, P = 380000 - 350Q

Since profit is the difference between the revenue and cost. This will be:

= (380000 - 350Q) × Q - (140000 + 240000Q)

Therefore, maximizing the profit will be:

380000 - 350 × 2Q - 240000 = Q

Q = 200

Therefore, profit will be:

= (380000 - 350Q) × Q - (140000 + 240000Q)

= (380000 - 350 × 200) × 200 - (140000 + 240000 × 200)

= 13,860,000

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What is a cost incurred in the process of producing or offering a primary business operation?
Expense
Input
Output
Price

Answers

Answer:

Expense

Explanation:

Expenses refer to the cost incurred in the production process or when selling goods and services. They are the cost of generating a company's normal revenue.

Expenses are classified into direct and indirect expenses. Direct expenses can be attached to a particular product or service, while indirect expenses are mostly operating costs such as rent, administrative salaries, and insurance.

You have data showing demand for plumbing services rising for each of the last five years. This would best be displayed on a:


a) Line graph
b) Scatter plot
c) Pie chart

Answers

Answer:

Line gray

Explanation:

Each of the last five years has shown an increase in demand for plumbing services, according to the data. A line graph would be the best way to show this.

Option A is the best option that displays the best about the rising plumbing demands.

Why do line graphs display the best?

Line graphs are used to track changes across time, both short and long.

When there are fewer changes, line graphs are preferable over bar graphs.

Line graphs can also be used to compare changes for multiple groups over the same time period.
Line graphs are valuable because they clearly display data variables and patterns, and they can aid in making predictions about the outcomes of data that has not yet been recorded.

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write and explain any five relation between market and entrepreneurship skills​

Answers

Answer:

A great entrepreneur must be able to effectively communicate, sell, focus, learn, and strategize.

An ability to continuously learn is not just a key entrepreneurial skill, but also a very valuable life skill.

Growing a business requires a sound strategy based on inherent business sense and skills.

What are the four basic elements of business?
A. Production, fiancé, marketing, and customer service
B. Marketing, finance, networking, and production
C. Service, finance, employees, and marketing
D. Customer service, investment, marketing, and service

Answers

Answer:

The four basic elements of business are:

A. Production, fiance, marketing, and customer service.

Explanation:

These elements make up a business organizational structure.  Functional structures and hierarchies revolve around these basic elements.  Production in some organizations will be described as operations.  It is the core of the business.  Revenues that sustain the business are generated from production or operations.  Finance handles the revenues and the costs associated with running a business.  Marketing ensures that the goods and services from production or operations are made known to customers through research, information acquisition, and customer education.  Finally, customer service ensures good relationships between the business and the customers, who are the chief patrons of the business. These essential elements ensure business success.

Answer:

Production, finance, networking and customer service

Explanation:

The _____ is the address of the letter writer.

Help please, I think it’s inside address but I’m not sure still

Answers

Answer:

Sender's Address

Explanation:

I believe inside address is the receiver's address.

what is a pumpkin bug

Answers

Answer:

The botanical name for squash bugs is Anasa tristis. This bug is very common in the USA and gets its common name from the fact that it is attracted to and lays its eggs on squash, as well as pumpkin plants. I've also seen the bugs on cucumber plants and other curcubits such as melons.

Explanation:

What is the difference between limited liability and unlimited liability

Answers

Answer:

Limited liability means the business owners' liability for debts is restricted to the amount they put into the business. With unlimited liability, the business owner is personally responsible for any loss the business makes.

Explanation:

Why would someone choose to start a franchise business?

Answers

Answer:

The franchise organization model offers the franchisee the ability to grow under a common brand and share in the benefits of a larger group of business owners. ... Training from successful business operators. A lower risk of failure and/or loss of investments than if you were to start your own business from scratch.

Ilene rents her second home for the entire year. During the year, Ilene reported a net loss of $10,700 from the rental. If Ilene is an active participant in the rental and her AGI is $142,500, how much of the loss can she deduct against ordinary income in the year?

Answers

Answer:

$3,750

Explanation:

(142,500-100000)*50% = 21,250

25,000-21,250 = $3,750

Ilene can claim a deduction up to a maximum limit of $3,750 against her ordinary income for that financial year, in case of meeting with the above conditions.

What is deduction?

Deduction refers to as the amount which a person can claim as being exempt from tax during the year in which a person is liable to pay taxes as such. There is a capacity of standard deduction of $100,000 for a year.

Deduction in the above case will be half of the amount left after considering a standard deduction from the AGI will be $21,250. Now, maximum allowed deduction will be deducted from an amount of $25,000.

This can be calculated as,

[tex]\rm Deduction= Maximum\ Allowed\ Limit- Actual\ Liability\\\\\rm Deduction= 25000 - 21250\\\\\rm Deduction=\$3750[/tex]

Hence, the significance of deduction is aforementioned.

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3 td
(1 po
mm
8. When Dr. Norman travels, she always stays at a Hawks family hotel. She is brand loyal, and
thinks that Hawks offers the best service. On this trip, Dr. Norman stayed at three different
Hawks hotels. Customer service was excellent at two of the hotels, but at the last hotel, the
person checking in guests was rude. Dr. Norman completes a comment card on each hotel,
knowing that Hawks strives for excellent customer service. This scenario exemplifies which
service characteristic?
Omarketability
Ovariability
O inseparability
O intangibility

Answers

Answer:

Variability

Explanation:

Variability expresses the notion that a service may vary in standard or quality from one provider to the next or from occasion to the next.

Which type of communication is usually handwritten?
A.
a business letter
B.
a memorandum
C.
a note
D.
an email
E.
a résumé

Answers

Answer:

C. a note

Explanation:

Notes are informal handwritten messages.

A note is a type of communication is usually handwritten. Thus, the correct option is C.

What is communication?

Communication is the process of exchanging information, ideas, or messages between individuals or groups through various means, such as speech, writing, body language, or technology.

The sender is the person who initiates the communication and encodes the message, while the receiver is the person who receives and decodes the message. The medium is the channel through which the message is transmitted, such as speech, writing, or electronic devices.

Feedback is the response or reaction of the receiver to the message, which helps to ensure that the communication is understood and effective.

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Asset sales, Usage fees, Brokerage frees, and advertising are all ___?
Types of businesses
sources of business revenue
Subscriptions
All of the above

Answers

Answer:

sources of business revenue

Explanation:

Revenue is the money a business gets from its normal trading activities.  It is the income a business obtains through the sales of goods and services to customers. Revenue includes discounts received and purchase returns.

The sale of an asset is revenue to a business because it will receive money from the transaction. Usage fees, Brokerage fees, and advertising are money that businesses receive for offering services.

Insurance rates are lower for those with poor credit true or false

Answers

Answer:

The answer to this question is true.

Answer:

it is trueee

Explanation:

Enright Industrial Leasing has effective control processes, allowing its managers to discover ______ in bookkeeping right away, before a would-be embezzler could seriously affect its business.

Answers

irregularities and errors

Explanation:

Due to its efficient control procedures, Enright Industrial Leasing's managers are able to identify abnormalities and bookkeeping mistakes as soon as they arise, preventing a potential embezzler from negatively impacting the company's operations.

What is bookkeeping?

Accounting in businesses and other organizations involves the recording of financial transactions, which is known as bookkeeping. It entails putting together the original paperwork for all corporate operations, transactions, and other occurrences.

A person, a business, or a corporation may engage in transactions such as buying, selling, receiving, and paying money. The single-entry and double-entry bookkeeping systems are two of the widely accepted techniques for keeping financial records.

Despite the fact that some people might consider this to be "genuine" bookkeeping, any procedure for documenting financial transactions qualifies as bookkeeping.

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PLEASE HELP, TIMED
Which best lists the employment potential in the Science, Technology, Engineering, and Mathematics career cluster
from lowest to highest potential?
A. Mathematics —-> Life, Physical, and Social Science —>Architecture and Engineering

B. Life, Physical, and Social Science —->Architecture and Engineering —>Mathematics

C. Architecture and Engineering —->Mathematics —-> Life, Physical, and Social Science

D. Architecture and Engineering —>Life, Physical, and Social Science —->Mathematics

Answers

Answer:

It’s A: mathematics, life physical and social science, and architecture and engineering.

Explanation:

Look at the photo.

Answer:

A. Mathematics → Life, Physical, and Social Science → Architecture and Engineering

Explanation:

Trust me peeps :)

1.) The PERCENTAGE of interest or dividends earned on money that is invested

Answers

Answer:

Rate of return.

Explanation:

Rate of return can be defined as the percentage of interest or dividends earned on money that is invested.

In Financial accounting, a return refers to the amount of profit generated by an investor on an investment over a specific period of time.

Basically, the rate of return which is typically expressed as a percentage of the initial costs of an investment can either be a gain or a loss on an investment. Therefore, a positive rate of return on an investment over a specific period of time, simply means that an investor is making a profit (gains) while a negative rate of return on an investment over a specific period of time, indicates that the investor is running at a loss.

Hence, the rate of return is used as a long-term decision-making tool to determine whether or not an investment is worth it.

Why do countries trade with each other?

Answers

Different locations contain different resources, countries trade to exchange their resources with other countries. Countries also trade to gain profit. Some goods are in demand and by trading, they can make a flourishing economy.

Which Spanish explorer discovered Florida?

Jacques Marquette
Juan Ponce de León
St. Augustine
Hernando de Soto

Answers

Answer:

Juan Ponce de León was the spanish explorer who discovered Florida.

Answer:

Juan Ponce De Leon

Explanation:

Spain established colonies on the islands of Cuba, Hispaniola, Puerto Rico, and San Salvador. Juan Ponce de Leon, the Spanish governor of Puerto Rico, sailed from that island to the peninsula now called Florida. He explored this area in search of the "Fountain of Youth." He returned to Puerto Rico without finding the magic water.

Hannah is acting as a (Choose between: manager, leader) when she establishes her department’s work schedule for the next month.2) As a manager seeks to develop her leadership skills, she should be aware that:A) Leadership is primarily about personal efficiencyB) Leadership is first and foremost about establishing a personal bond with employeesC) Many different styles of leadership can be effectiveD) There is one best leadership style to which all managers should aspire3) In a Harvard Business Review article, consultant Ben Dattner emphasizes the importance of giving credit to others for their good ideas and successes, both in private and in public. A leader with (humility, egotism, will, discipline) would generally behave in this way.

Answers

Answer:

leader

Explanation:

She has leadership or whatever it says abt leader ship. She doesn't sound like she would want to be a manager

Hannah is acting as a  leader when she establishes her department’s work schedule for the next month.

As a manager seeks to develop her leadership skills, she should be aware that Many different styles of leadership can be effective. Thus the correct option is C.

In a Harvard Business Review article, consultant Ben Dattner emphasizes the importance of giving credit to others for their good ideas and successes, both in private and in public. A leader with will would generally behave in this way.

What is a leader?

A leader refers to an individual who carries as the art of directing and influencing pople or groups of people in an organization with pleasing efforts to gain their support and help them to grow by providing better direction.

A manager is a person who oversees a project and is accountable for allocating resources, monitoring the project's development, and ensuring that it is completed on schedule in order to fulfill the organization's mission and goals.

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Recording the Sale of Common and Preferred Stock At the end of its first year of operations, Mulligan Corporation has outstanding shares of 116,000 common stock and 18,000 preferred stock. The State of Ohio authorized Mulligan to issue 19,000 shares of 6% preferred stock with a par value of $35 per share and 117,000 shares of common stock with a par value of $6 per share. Any preferred stock sold during the year had a selling price of $45.50 per share. Mulligan's common stock was issued at $20.

Answers

Answer:

the journal entries to record these transactions are:

to record issuance of common stocks

Dr Cash 2,340,000

    Cr Common stocks 702,000

    Cr Additional paid in capital, common stocks 1,638,000

to record the issuance of preferred stocks

Dr Cash 864,500

    Cr Preferred stocks 665,000

    Cr Additional paid in capital, preferred stocks 199,500

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