an income tax is defined as regressive if a. the tax liability of those with higher incomes exceeds the tax liability of those with low incomes. b. the tax liability of those with higher incomes is less than the tax liability of those with low incomes. c. those with higher incomes pay a higher percentage of their incomes in taxes than those with low incomes.
Answers
An income tax is defined as regressive if those with higher incomes pay a higher percentage of their incomes in taxes than those with low incomes.
This means that the tax liability of those with higher incomes is less than the tax liability of those with low incomes, and does not necessarily mean that the tax liability of those with higher incomes exceeds the tax liability of those with low incomes.
Regressive income taxes are usually in the form of a flat tax rate, meaning that regardless of one’s income level, they will pay the same percentage rate of their income. For example, if a flat tax rate of 10% is applied, a person making $10,000 will pay $1,000 in taxes while someone making $100,000 will pay $10,000 in taxes. This means that those with higher incomes pay a higher percentage of their incomes in taxes than those with low incomes.
In contrast, progressive taxes increase with higher incomes, meaning that the tax rate goes up for those with higher incomes. This can be done by establishing a series of tax brackets with higher taxes for higher incomes.
For example, if the lowest tax bracket is set at 10% for incomes of $10,000 or less, the second tax bracket may be set at 15% for incomes from $10,000 to $20,000, and the third tax bracket may be set at 20% for incomes above $20,000. This means that those with higher incomes will pay a higher percentage of their incomes in taxes than those with low incomes.
In summary, an income tax is defined as regressive if those with higher incomes pay a higher percentage of their incomes in taxes than those with low incomes. This is usually done by applying a flat tax rate, meaning that regardless of one’s income level, they will pay the same percentage rate of their income, or through a progressive tax system which establishes a series of tax brackets with higher taxes for higher incomes.
For more such questions on income tax
https://brainly.com/question/30157668
#SPJ11
Related Questions
Goodnight y’all ! I just wanted to tell y’all that
Answers
Good night
Explanation:Have a sweet drem
After a bank reconciliation has been completed these transactions are listed as ____ to the cash balance? ? need help taking A p e x quiz now!!! don't have time to be chasing a link!
A. Journal entries
B. Credits
C. Adjustments
D. debits
Answers
Answer:
A
Explanation:
After adjusting the balances as per the bank and as per the books, the adjusted amounts should be the same. If they are still not equal, you will have to repeat the process of reconciliation again.
Once the balances are equal, businesses need to prepare journal entries for the adjustments to the balance per books.
Answer:The answer is C
Explanation:
Just took the test
fitness trackers were first introduced as simple pedometers, but with the advent of smartphones and apps, more advanced products have been developed. fitbit was an early entrant into this market, followed by the nike fuelband. the apple iphone incorporated activity tracking, and several companies such as garmin joined the market as well. after only four years, nike fuelband exited the market. today, fitbit, apple, and garmin are all vying for market share as competition is intense. each company utilizes aggressive advertising campaigns to persuade consumers to buy their brand. which stage of the product life cycle best describes fitness trackers?
Answers
The fitness tracker industry can be best described as being in the A. Growth stage of the product life cycle.
The market initially began with simple pedometers but rapidly evolved with the introduction of smartphones and apps, leading to more advanced products being developed. Early entrants such as Fitbit and Nike FuelBand were soon joined by other major players like Apple and Garmin.
The growth stage is characterized by an increasing number of customers, higher sales, and strong competition. In the case of fitness trackers, consumer awareness and adoption of these devices have significantly increased, and the industry has experienced a surge in sales. Additionally, the market has witnessed intense competition among major players like Fitbit, Apple, and Garmin, as they all vie for a greater share of the market. These companies utilize aggressive advertising campaigns to persuade consumers to choose their brand over others, which is another indicator of the growth stage.
Each brand is constantly working to innovate and improve their products, offering new features and capabilities that differentiate them from competitors. Furthermore, the exit of Nike FuelBand from the market after only four years demonstrates the competitive nature of this industry, and highlights the importance of continuous innovation and adaptation in order to stay relevant and successful.
In conclusion, the fitness tracker market is currently in the Growth stage of the product life cycle, marked by increased consumer adoption, intense competition, and the need for continuous innovation and aggressive marketing strategies. Therefore, the correct option is A.
The Question was Incomplete, Find the full content below:
Fitness trackers were first introduced as simple pedometers, but with the advent of smartphones and apps, more advanced products have been developed. Fitbit was an early entrant into this market, followed by the Nike FuelBand. The Apple iPhone incorporated activity tracking, and several companies such as Garmin joined the market as well. After only four years, Nike FuelBand exited the market. Today, Fitbit, Apple, and Garmin are all vying for market share as competition is intense. Each company utilizes aggressive advertising campaigns to persuade consumers to buy their brand. Which stage of the product life cycle best describes fitness trackers?
a. Growth
b. Maturity
c. Decline
d. Introduction
Know more about Product life cycle here:
https://brainly.com/question/29406682
#SPJ11
If a company's product are closely related, sales of one brand may ________ , or take away sales, from the other brand.
Answers
If a company's products are closely related, sales of one brand may cannibalize, or take away sales, from the other brand.
cannibalize - Cannibalization refers to the phenomenon where sales of one product or brand negatively impact the sales of another product or brand within the same company. It occurs when customers choose to purchase one product instead of another that serves a similar purpose or targets the same market segment.
When products are closely related and offer similar features or benefits, customers may opt for one brand over another, resulting in a loss of sales for the affected brand. This internal competition can occur when companies introduce new products that compete with existing ones or when they have multiple brands targeting the same customer base.
Cannibalization can have implications for a company's overall revenue and market share, requiring strategic planning to minimize its negative effects and maximize overall sales and profitability.
To learn more about sales
https://brainly.com/question/25743891
#SPJ11
On March 5 PV Inc purchased $3,300 worth of merchandise from Panther Supply with the terms 2/10,n/30 On March 14, PV Inc paid Panther Supply the amount owed less the discount. Show the journal entry for March 5 and March 14 a
Answers
What considerations arise when designing a research study?
Answers
Research participants should not be subjected to harm in any ways whatsoever. Respect for the dignity of research participants should be prioritised. Full consent should be obtained from the participants prior to the study.
The government can shift or influence supply in a market by providing subsidies (money) to businesses or by taxing them heavily.
True or False
Answers
YALLL HELPPPP
In what ways would a balanced budget amendment affect mandatory spending ?
Answers
Answer:
i hope it helps you :)
Explanation:
A balanced budget amendment is a constitutional rule requiring that a state cannot spend more than its income. It requires a balance between the projected receipts and expenditures of the government. ... The Republican Party has advocated for the introduction of a balanced budget amendment to the U.S. Constitution.
Answer:
To answer this question, we must first understand that this would mean the US or a state is not allowed to spend more than its income. This means that the answer to this question is situational. Typically a balanced budget amendment would be used if a state or country seems like it is about to go into debt due to overspending; thus if you apply this information to the US's situation, then you will get your answer. This answer would most likely be that the US does not need to pass a balanced budget amendment since it doesn't seem to be showing signs of becoming in debt.
What is the tool by which financial markets allocate funds across alternative uses?
Answers
Interest rates is the tool by which financial markets allocate funds across alternative uses.
What are financial market instruments?Financial markets are formed by buying and selling of a lot of types of financial instruments such as equities, bonds, currencies, and others.
Note that Interest rates is the tool by which financial markets allocate funds across alternative uses.
See options below
A.
Automatic teller machines.
B.
Interest rates.
.C.
Commodity prices.
D.
Bank fees.
Learn more about financial markets from
https://brainly.com/question/13342660
#SPJ12
The S&P 500 Index is down about 25% YTD (year to date), which makes a lot of people nervous but makes you excited because you have a long time before retirement and you have cash yet to be invested.
In your savings account with an FDIC-insured bank, you have $2,000, which you are reasonably sure that you won't need it for the next 10 years.
You believe in the long-term (10+ years), the S&P 500 index is likely, but not guaranteed, to compound at a rate higher than the 3% APY offered by the savings account. You decided to put $1,000 of your $2,000 to a S&P 500 Index fund. You opened a brokerage account, transferred $1,000 from your savings account to the brokerage account, and purchase some shares of a S&P 500 index fund.
Which of your account is FDIC-insured?
A. Both your savings account and your brokerage account
B. Your savings account
C. Your brokerage account
D. Neither your savings account nor your brokerage account
Answers
The FDIC (Federal Deposit Insurance Corporation) provides deposit insurance for bank accounts. In this scenario, your savings account with an FDIC-insured bank is the account that is FDIC-insured. Therefore, the correct answer is: option B. Your savings account
The FDIC insures deposits in banks up to $250,000 per depositor, per account ownership category, in the event that the bank fails. This insurance coverage provides protection for your savings account funds in case of bank failure or other qualifying events.
On the other hand, your brokerage account, where you transferred $1,000 to purchase shares of an S&P 500 index fund, is not FDIC-insured. Brokerage accounts are typically used for investing in stocks, bonds, and other securities, and they carry different types of protections and regulations compared to bank accounts.
While brokerage firms may provide certain protections and safeguards for investors, such as SIPC (Securities Investor Protection Corporation) coverage, they do not offer FDIC insurance for the funds held in brokerage accounts.
To know more about FDIC insurance refer here:
https://brainly.com/question/29784417?#
#SPJ11
You work in a deli. Your busiest time of the day is the lunch hour rush, when many working people from nearby factories and businesses come to grab something quick to eat. Unfortunately, a new fast food restaurant is opening up next door to your deli. How can you avoid losing your lunch customers to this new competitor? 2.1Offer a solution to the problem described in the scenario by evaluating it against the eight (8) step problem-solving process.
Answers
To avoid losing your lunch customers to this new competitor, you need to develop a marketing and promotion plan to help attract and retain customers.
A solution based on the eight-step problem solving process would be:
Step 1 - Problem definition:
Entry of a new competitor in the market.Step 2 - Problem clarification:
A new fast food restaurant is opening next to its Delicatessen, which could pose a threat to the company as the main customers are workers from nearby companies who come for a quick bite to eat.Step 3 - Set goals:
The goals according to this scenario could be:
Maintain or increase monthly billing.Increase the company's revenue in the morning.Prospect new customers from social media.Step 4 - Identify the root cause of the problem:
The root cause of the problem is the fact that workers have the need for greater speed, which can be an opportunity for the fast food restaurant.Step 5 - Develop the action plan:
adapt your product to the customer's needs.provide discount coupons to the customer.create loyalty cards that guarantee 50% discounts for every 5 meals.create a delivery app.Step 6 - Execute the action plan:
The execution of the action plan is the stage where communication channels will be used to transmit your advertising.For each customer who goes to eat at Delicatessen, you can distribute loyalty cards and a discount coupon as a thank you.Staff training is also needed to make delivery of meals to the customer faster.Step 7 - Results evaluation:
In this step you should analyze the results of the new marketing actions implemented, observing the billing rates and customer behavior data.Step 8 - Continuously improve:
In the last step, therefore, it is necessary to identify and correct the possible flaws in the action plan in order to fix them and generate strength for quality and value creation for the customer through the services offered at the restaurant.Learn more here:
https://brainly.com/question/11850743
material requirement planning is the system intended to develop long-range plans (more than a year away) concerning product families manufactured by the organization. material requirement planning is the system intended to develop long-range plans (more than a year away) concerning product families manufactured by the organization. true false
Answers
False. Material Requirement Planning (MRP) is not a system intended for developing long-range plans (more than a year away) concerning product families manufactured by an organization. MRP is primarily focused on short to medium-term planning and is used for managing and controlling the flow of materials needed for production.
MRP assists in determining the requirements for raw materials, components, and sub-assemblies based on the production schedule and demand forecasts. It helps optimize inventory levels, schedules, and purchase orders to ensure smooth production operations and meet customer demand in the near future.
Long-range planning, on the other hand, involves strategic decisions related to product development, market expansion, capacity planning, and overall business objectives. It typically covers a time horizon of more than a year and takes into account factors such as market trends, competition, and organizational goals.
While MRP is an important tool for operational planning and inventory management, organizations utilize other methods such as strategic planning, sales forecasting, and capacity planning to develop long-range plans that align with their overall business strategies.
Learn more about MRP here:
https://brainly.com/question/30328505
#SPJ11
"Being economically responsible is the most basic social responsibility of any business. This responsibility has the most immediate effect on:"
Answers
Answer:
The correct answer is: Shareholders.
Explanation:
To begin with, "Shareholders" is the name that the people who own stocks in the company receives in order to know that they are the ones who put the money to keep the business going due to the fact that they invest their money by buying shares of the company with the purpose to allow them to grow and work better so the objectives are accomplished and the profits are increased. Therefore that being economically responsible has the most immediate effect on the shareholders of the company who are the ones that will suffer losses from their pockets if the managers of the organization do not act correctly.
An investment counselor calls with a hot stock tip. He believes that if the economy remains strong, the investment will result in a profit of $40 comma 00040,000. If the economy grows at a moderate pace, the investment will result in a profit of $10 comma 00010,000. However, if the economy goes into recession, the investment will result in a loss of $40 comma 00040,000. You contact an economist who believes there is a 2020% probability the economy will remain strong, a 7070% probability the economy will grow at a moderate pace, and a 1010% probability the economy will slip into recession. What is the expected profit from this investment?
Answers
Answer: 11,000
Explanation:
Given the following :
PROFIT on investment when economy is strong = 40,000
Profit on investment when economy is moderate = 10,000
Loss on investment if economy goes into recession = 40,000
Probability that economy remains strong = 20%
Probability that economy will grow moderately = 70%
Probablity of slipping into recession = 10%
Expected profit on investment :
(20% × 40,000) + (70% × 10,000) - (10% × 40000)
(0.2 × 40000) +(0.7 × 10,000) - (0.1 × 40000)
8000 + 7000 - 4000 = 11,000
If $1000 is invested in an account for which interest is compounded continuously, find the amount of the investment at the end of 15 years for the following interest rates. (Round your answers to the nearest cent.) (a) 3%
Answers
Given: 1000 is invested in an account for which interest is compounded continuously Time = 15 years Interest rate, r = 3% = 0.03 We know that the formula for calculating the amount of investment at the end of a given time period for continuous compounding is given by;
A = PERT Where A is the final amount, P is the initial principal, e is the natural logarithmic base, r is the annual interest rate as a decimal and T is the number of years.Let's calculate the amount of investment at the end of 15 years for the given interest rate.(a) 3%Solution:The formula for calculating the amount of investment at the end of a given time period for continuous compounding is given by;A = PERT Putting the given values, we get;
\(A = 1000 × e^(0.03 × 15)\)
\(A = 1000 × e^(0.45)\)
A = 1000 × 1.5684
A = 1568.4 Hence, the amount of investment at the end of 15 years for the given interest rate of 3% and continuous compounding is 1568.4.Note: Since the interest rate is given in the percentage form, we have to convert it to the decimal form by dividing by 100 before using it in the formula. Also, it is given to round off the answer to the nearest cent.
To know more about interest rate visit :
https://brainly.com/question/28236069
#SPJ11
Which of the following could be a demand determinant of cell phones?
Government increases regulations on cell phone manufacturers.
A new model of smart phones is released in the market.
Japanese touch screen factories are destroyed in an earthquake.
Government increases taxes on cellular phone production.
Answers
Answer:
A new model of smartphones is released in the market.
Explanation:
The option that could be a demand determinant of cell phones is when a new model of smartphones is released in the market.
The demand for a product is generally affected by the availability or otherwise of one or more substitute products. That is, products that can offer somewhat the same satisfaction to consumers.
Hence, when a new smartphone is released into the market, the demands for cell phones are generally affected and each cell phone's demand curve changes accordingly.
There are different determinants of demand. The demand determinant of cell phones is when a new model of smart phones is released in the market.
There are different factors that affects the demand for cell phones. They includes; price, product features, relative advantage, convenience, compatibility, brand name etc. All these factors influence consumer intension to purchase cell phone.The mobile phone market is said to be elastic and as such if prices go up fewer people would buy new phones and fewer people would upgrade their existing phones.
Learn more from
https://brainly.com/question/19350638
If Kofi has 50 GhC of non-labor income per week, and he faces a market wage rate of 5 GhC per hour; and has 110 hours of non-sleeping hours to allocate between work and leisure activities (assuming he sleeps roughly 8 hours per day).
i. Write down the budget equation for Kofi
ii. Graph Kofi's budget line.
Answers
The budget equation for Kofi of non-labor income per week is 50+5(110-l) = c and Graph Kofi's budget line is shown in below:
The spending plan line definition is held to be a straight line with a descending incline demonstrating the different blend of two wares. A consumer purchases these two goods at the specified market price with income allocation. It is likewise named as a financial plan limitation. It is essential to keep in mind that the cost ratio of two commodities is reflected in the slope of the budget line. The budget restriction's slope is particularly significant.
In economics, the budget line is based on two essential factors: (a) the consumer's purchasing power, or income, and (b) the market prices of the two commodities that have been considered. Due to the fact that a consumer faces two very strong constraints—the market price of commodities and a limited income—even though they will strive to achieve maximum utility across the indifference curve, a budget line is also known as a budget constraint.
Learn more about budget line:
https://brainly.com/question/30527889
#SPJ4
Is the demand curve shallow or steep? What does this mean about the elasticity of the demand
for memberships? (5 points)
Answers
Answer:
The demand curve is shallow, which means the elasticity of the demand for memberships is inelastic.
Explanation:
Among goods with more elastic demand, and for those with lower demand, the demand curve becomes shallower (closer to horizontal) and steefer (closer to vertical).
Hopefully this helps!
Can't we run a business without training?
Answers
yes definitely.......
What is moral muteness? Why do you think an advertising professional might experience this phenomenon?
Answers
Answer: See explanation
Explanation:
Moral muteness occurs when as individuals in the society, we choose not to speak up when we witness an unethical behavior by someone. Even though such issues don't go along with the moral beliefs of the person who witnessed it, he or she decides not to speak against it.
An advertising professional might experience this phenomenon because of the fear of the fear of the fact that speaking up might affect his or her chance of selling the product to the person with the unethical behavior and also due to fear of losing ones job.
9. If $1.00 at 5.5%interest compounded daily
has a value of $1.00513 after 34 days, how
much interest would June Akin's account
have earned on $5,000.00 after 34 days?
(Step by step) please
Answers
Answer:
After 34 days, Akin's bank account would have $5,034.11
Explanation:
Given that 5.5% annual interest, if compounded daily, represents a daily interest of 0.015%, to determine the total amount that Akin's account will have if its initial amount were $ 5,000 after 34 days of investment, the following must be done calculation:
X = 5,000 x (1 + 0.015) 34
X = 5,034.11
Therefore, after 34 days, Akin's bank account would have $5,034.11.
i need friend on brainly asaPPPPPPPPPPPPPPPPPPPPPPPPPP
plessssssssssssss i neeedd 10000000000kkkkkk
Answers
Answer: can i be your friends
Explanation:
what is the amount of tax paid for the year
Answers
Answer:
3428.57142857
Explanation:
ROI stands for return on investment. It is the ratio of incremental profit from an activity over the cost of the activity times 100. If the incremental profit from your ad campaign is $5,000 and the cost of the campaign is $7,500, what is the ROI?
Answers
Answer:
66.7%
Explanation:
ROI stands for return on investment. It is the ratio of incremental profit from an activity over the cost of the activity times 100. If the incremental profit from your ad campaign is $5,000 and the cost of the campaign is $7,500, the ROI is 66%.
What is return on investment?The return on investment estimates the loss and gain generated on the amount of money that is invested. The return on investment) is the percentage to analyze an organization’s profit or the earnings of different investment.
The return on investments estimates what we will receive back as compared to what we have invested. It can be used by a company to estimate inventory investments, pricing policy, capital equipment investments, etc.
If the incremental profit from your ad campaign is $5,000 and the cost of the campaign is $7,500, the ROI is 66%.
Learn more about return on investments here:
https://brainly.com/question/13166641
#SPJ6
MARKETING MANAGEMENT SUBJECT
Shopee recommends Lily to purchase Lorenzo sofa set based on her past purchase with Lorenzo's product. This recommendation analytic method is known as _______________.
A) Collaborative filtering
B) Attribution
C) Targeting
D) Content filtering
E) Content segmenting
Answers
The recommendation analytic method that Shopee uses to recommend Lily to purchase Lorenzo sofa set based on her past purchase with Lorenzo's product is called Collaborative filtering.
Collaborative filtering is a method used by recommendation systems to make predictions of user preferences for items or products by collecting information from a large group of users to make accurate recommendations to individuals by analyzing similar data.
Therefore, the right answer is option A) Collaborative filtering.
to know more about collaborative filtering visit:
brainly.com/question/30227801
#SPJ11
When will the Social Security fund dry up at Its current level?
• A.
2022
© B.
2027
• C
2037
© D. 2097
© E. 2117
Answers
Answer:
c. 2037
Explanation:
As a result of changes to Social Security enacted in 1983, benefits are now expected to be payable in full on a timely basis until 2037, when the trust fund reserves are projected to become exhausted.
what measure of labor productivity would increase if a manager gave all kitchen employees a 2% cost of living pay increase?select one:a.revpash.sales per labor hour.labor cost percentage.guests served per labor hour
Answers
While a 2% cost of living pay increase may seem small, it can have a significant impact on labor productivity and profitability.
The measure of labor productivity that would increase if a manager gave all kitchen employees a 2% cost of living pay increase would be sales per labor hour.
This is because increasing the pay of kitchen employees would likely improve their morale and motivation, leading to an increase in their efficiency and productivity.
As a result, they would be able to produce more food items in the same amount of time, which would translate into increased sales per labor hour.
In addition, by increasing the pay of kitchen employees, the manager would be able to retain experienced staff and attract new talent, both of which can contribute to higher sales per labor hour.
This is because experienced staff are likely to be more efficient and productive, while new talent can bring fresh ideas and skills to the kitchen.
However, it's important to note that the 2% cost of living pay increase would also impact the labor cost percentage, as the cost of labor would increase. The manager would need to ensure that the increase in sales per labor hour is sufficient to offset the increase in labor costs and maintain profitability.
Know more about the labor productivity
https://brainly.com/question/6430277
#SPJ11
The extended warranty on a $960 dishwasher is 21% of the purchase price and lasts for eight years. What is the effective cost per year of the extended warranty? a. $28. 80 b. $45. 20 c. $23. 78 d. $25. 20.
Answers
Answer:
holi eso la D con mucho trabajo por fin la realizar y la conteste
Quintín
Based on the percentage of the extended warranty and the number of years it is to last, the effective cost per year is d. $25.20
First find the total warranty coverage for the dishwasher:
= Warranty percentage x Cost of dishwasher
= 21% x 960
= $201.60
The effective cost per year is:
= Total warranty / Number of years
= 201.60 / 8 years
= $25.20
In conclusion, the cost is $25.20.
Find out more on extended warranties at https://brainly.com/question/2102527.
A person has income $1000 for goods F and S. The price of F is $4, and the price of S is $200. Which of the following bundles is in the opportunity/budget set (i.e., attainable)?
Select one:
a.
150 units of food, 3 units of shelter
b.
100 units of food, 10 units of shelter
c.
200 units of food, 2 units of shelter
d.
200 units of food, 1 unit of shelter
e.
250 units of F and 1 unit of shelter
Answers
The bundle that is attainable is option e. 250 units of F and 1 unit of shelter.
Option e is the only bundle that falls within the person's budget constraint. The person has an income of $1000, and the price of F is $4. Therefore, the person can afford a maximum of $1000/$4 = 250 units of F. Additionally, the person can afford 1 unit of shelter since its price is $200, which is within their budget.
Option a is not attainable because the person cannot afford 150 units of food and 3 units of shelter within their budget. Option b is also not attainable because the person cannot afford 100 units of food and 10 units of shelter. Option c exceeds the person's budget since they cannot afford 200 units of food and 2 units of shelter. Option d also exceeds the budget as the person cannot afford 200 units of food and 1 unit of shelter.
Therefore, the only option that falls within the person's budget constraint and is attainable is e. They can purchase 250 units of F and 1 unit of shelter.
Learn more about shelter
brainly.com/question/20966069
#SPJ11
what is the difference between a search engine and a web browser
Answers
Answer:
answer - you need to use a web browser to get to the search engine
Explanation:
the answer is from lucassarmiento05