Business College

Which type of text takes a larger proportion of money from people who make more money?

A
fair tax

B
progressive tax

C
proportional tax

D
regressive tax

Answers

Answer 1

Answer:

B: progressive tax

Explanation:

A progressive tax exacts a higher tax rate on high-income earners. The taxpayer's income is the basis for the tax rate. Under the progressive tax system, income levels are grouped into tax brackets. Taxpayers in a low-income bracket will have a low tax rate compared with those in the higher-income bracket. It means the wealthy will pay more taxes compared to the poor. The more the income, the higher the taxes paid.

Related Questions

Choose 3 macro factors (Political, Economical, Social, Technological, Environmental)

Answers

Answer: See explanation

Explanation:

Economic factors : Some economic factors that affect business can include Inflation, interest rates, exchange rates, taxes, recession and level of demand and supply. It should be noted that the economic factors of a business has an impact on the production level of the business and also the consumers decision making.

Technological factors: Technological factors has to do with the skills that are put into production, and the technologies that are used for production purpose. Technological factors include automation, 3D technology, speed, internet connectivity, wireless charging etc.

Political factors: Political factors also affect a business. Businesses need to be updated regarding the political and legal issues in order to thrive. These include copyright law, fraud law, employment law, safety law and discrimination law.

When an individual taxpayer sells depreciable real property used in a business for an amount that exceeds its original cost/original basis, how is the gain taxed

Answers

Answer:

The gain will be taxed as long-term capital gain and will be reported on the income taxes.

Explanation:

This capital gain by this individual taxpayer results from an increase in a capital asset's value.  It is only considered to be realized when the taxpayer sells the asset.  A capital gain may be regarded as a short-term (one year or less) capital gain or a long-term (more than one year) capital.  The taxpayer is expected to report the capital gain on her income taxes.

The task of crafting a strategy is
А
the function and responsibility of a few high-level executives
B
more of a collaborative group effort that involves all managers and sometimes key employees striving
to arrive at a consensus on what the overall best strategy should be
С
the function and responsibility of a company's strategic planning staff
D
a job for a company's whole management team - senior executives plus the managers of business
units, operating divisions, functional departments, manufacturing plants, and sales districts
Record Answer
You must select an answer and press "Record Answer" for your answer to be recorded. DO NOT let the time expire for the question you are on.
If this happens before you answer a question, the exam will automatically advance to the next question and you will not get credit for the

Answers

The correct answer is: D
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