What is one major difference between income tax and sales tax?
A. Income tax is based on taxable income, while sales tax is based
on gross income.
B. Income tax is regressive, while sales tax is progressive.
C. Income tax is based on gross income, while sales tax is based on
taxable income.
D. Income tax is progressive, while sales tax is regressive.

Answers

Answer 1

Answer:

D. Income tax is progressive, while sales tax is regressive.

Explanation:

In a progressive tax system, the percentage of tax imposed increases as the taxable income rises. For income tax, progressive tax means an individual with a low income will be taxed using a lower rate compared to high earners. Progressive tax categorizes incomes into different income brackets depending on the level of income. The tax rate increases as one move from a low-income bracket to a higher one.

A regressive tax system charges a constant rate for everyone. Sales tax is a good example of a regressive tax. The tax on basic items, low-priced items, is at the same rate as expensive or high-end items. It means that low-income earners are taxed the same rate as high-income earners for all items purchased.


Related Questions

ANSWER PLS
3. Would you rather fund your company using mostily debt funding, or mostly equity
funding? Why? (1-5 sentences. 3.0 points)

Answers

Answer:

see below

Explanation:

Equity financing involves selling shares to investors. The entrepreneurs surrender part ownership to third parties. It means profits have to be shared, and there have to consultations in every major decision.

Debt financing involves borrowing from lenders. It has a big advantage in that the entrepreneur maintains full control of the business. They do not have to share profits with other people or risk being kicked out of the business. However, debts have to be paid. The monthly repayment for several years can have hamper progress. It reduces profits, making a business seem less valuable.

A business should balance between equity and debt financing. As much as possible, equity financing should have a bigger proposition of capital to be profitable and increase in worth.

Sorry to bother but i need someone to talk to me if your older than 15 don't bother to message thank,you❤

Answers

Answer:

Does 16 mean no too?

Explanation:

what are the advantages and disadvantages of allocating the resources ?

Answers

Answer:

The advantage of allocating resources in the public sector is that resources can be produced based on demographic needs.

The disadvantage of allocating resources is that there is room for corruption if the wrong individuals are chosen.

Explanation:

hope it helps

What is the meaning of market testing?
A. conducting a SWOT analyses
B. performing a premarket test before venturing into full-scale production
С. creating a prototype
D. conducting market research

Answers

Answer:

The correct option is;

B. Performing a premarket test before venturing into full-scale production

Explanation:

Market testing is the process of appraising the different scenarios and arrangements that can be encountered and the selection of the most appropriate arrangement that is most favorable for expansion

Market testing involves trials made to answer the following questions;

The level of demand for the marketed  product

The customers demanding the product, and customer opinion about the product, compared to those of the competitor

The expected level of sales

The best form of advertising

The legal requirements

The competitors in the market

Other market reactions to product launch

Answer:

B

Explanation:

By what three ways might companies enter foreign markets?

Answers

Answer:

Enjoy and don't be jealous ☺️

Explanation:

Market entry methods

Exporting. Exporting is the direct sale of goods and / or services in another country. ...

Licensing. Licensing allows another company in your target country to use your property. ...

Franchising. ...

Joint venture. ...

Foreign direct investment. ...

Wholly owned subsidiary. ...

Piggybacking.

Do all states pay the same unemployment compensation and for the same length of time?

Answers

Answer:

Explanation:

Ultimately, the onus is on the state government to balance the checkbook, so the state has to decide the benefits maximum amount, duration, and eligibility to receive the benefits. For this reason, you notice that unemployment benefits largely vary by state. Some states like Massachusetts could pay as high as $1,220 depending on the eligibility criteria.

You end summer with 105 tennis rackets in inventory. you only average sales of 10 rackets per week over the next three months. How long will your supply of tennis rackets last?
-
a. 10.5 weeks
b. 12 weeks
c. 14 weeks
d. 18.5 weeks

Answers

Answer:

the answer is a 10.5 weeks

Explanation:

this is because if u divide 105 tennis rackets by 10.5 weeks it gives you your average sold a week wich is 10.

10.5 weeks long will your supply of tennis rackets last, as you only average sales of 10 rackets per week over the next three months. Hence, option A  is correct.

What is average sales?

You may easily get the total amount of all sales orders inside the selected timeframe and divide by the intervals to determine the average sales for your chosen period. For instance, multiplying the value of sales for a year by 12 will yield the average sales per month the number of months in the year.

the amount of merchandise that is typically sold each day, as determined by dividing the total amount sold over a period of time by the number of days in that period: In its first month of publication, the newspaper reported average daily sales of more than 21,000.

Thus, option A  is correct.

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Your beginning inventory was $46,000, your ending inventory is $37,000, your cost of goods sold was $19,000. How much were your purchases?

Answers

Answer:

$9000

Explanation: Because 46,000 minus 37,000 equals 9000.

Describe the benefits of having a positive attitude.

Answers

you come off more respectful & with that people will also be more drawn to you. It will be easier to make bonds with people & gain others trust

The primary advantage of a positive attitude is it helps in achieving the objective of life by keeping clear mindsets.

What is a positive attitude?

The concept of having a positive mindset is one that desires and predicts success. To bring enthusiasm into one's life and play an active role in society, one must be ready to attempt new things.

It is a mindset that enables you to notice the positive aspects of others and your own successes rather than only the shortcomings, and it contributes to a healthy way of living.

It is said that if an individual sees positivity in surroundings it helps in bringing positivity in other life as well by reshaping their mentality with positive thoughts and creativity.

Those who have an optimistic outlook tend to be wealthier and more socially skilled because they consistently see the good in every circumstance, which facilitates effective communication.

Learn more about positive attitude, here:

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Why do you think special riders are necessary to cover jewelry, stamp collections, coin collections, and laptop computers?

Answers

Answer:

A special riders are necessary to cover jewelry, stamp collections, coin collections, and laptop computers is explained below in details.

Explanation:

Muslims dominate North Africa throughout the period of 1500 up to 1800. they created a block to prevent moreover European investigation from infiltrating Africa from the north. however, the Dutch were yet capable to progress via the inside with having south Africa as one of the roads heading to the east for exchanging with Asia.

Somebody report all my post thank you ‍♀️ I wanted everything deteled !!!!

Answers

I’m sorry to hear that

Nokia's dramatic operational change and demonstration of organizational adaptability in transforming their business from wood pulp and logging to communications is one of the best examples of which innovation characteristic

Answers

Answer: Thinking laterally

Explanation:

Lateral thinking simply refers to an indirect way of solving problems. It typically involves a new and creative way of doing something.

This can be seen in Nokia's dramatic operational change and demonstration of organizational adaptability in transforming their business from wood pulp and logging to communications.

Lateral thinking is a new and innovative wa of doing something that's quite different from how others do it. This usually gives an organization a competitive advantage over its rivals.

Which of the following are advantages of accrual basis
accounting? (Select two answers.)
It meets GAAP standards.
It is good at tracking cash flow.
olt records transactions only when cash changes har
It allows you to track money that is owed but not yet
It means you don't have to use receipts or invoices.

Answers

Answer:

My opinion is A It meets GAAP standards.

 & D It allows you to track money that is owed but not yet

Explanation:

C It records all actions and E is required for a invoice if incase if it's over 100- 1000, to ensure it's possibly not being stolen or ensure they want this actions

If you wanted to make sure a company has enough money available to pay its bills, which financial statement would
be most helpful?
A Balance sheet
В. Income statement
С. Statement of owners' equity
D. Cash flow statement

Answers

Answer:

A Balance sheet

Explanation:

A balance sheet communicates the financial status of a business. It lists all the assets of the business on one side. On the side, it details the current assets, long-term assets, current liabilities, long-term liabilities, and equity.

Debts are liabilities to the company. Usually, a business uses its assets to pay its liabilities. If a company has a higher ratio of current assets to current liabilities, it means it is in a healthy state and can pay its debts as they become due.

D. Cash flow statement

edg2021

An industry comprised of a very large number of sellers producing a standardized product is known as:

Answers

Answer:

The appropriate response is "Pure competition".

Explanation:

Pure competition seems to be an economically efficient circumstance where there is already a massive quantity of international customers and retailers as well as the manufacturer would be ready for deployment. Even though both a significant quantity of products as well as extremely similar or defined consumer items seem to be characteristics of pure competition.


Which of the following is NOT a primary reason for technology?
(A)Get tasks done quicker
(B)Make tasks easier
(C)Get tasks done more efficiently
(D)Make tasks more difficult

Answers

A primary reason for technology is the make a task more difficult

Answer:

D

Explanation:

technology was made so that we would do things more efficiently and with less effort, if the device that were created made tasks more difficult, we would have no need for it and it would probably be disreguarded. theres no reason to have technology that makes life more difficult

Imagine you are a health care professional presenting an argument about the effort to strike a balance between cost-effectiveness as it relates to treatment and quality of care. Make an effective argument for one side or the other, using examples from scholarly sources

Answers

Answer:

Throughout the clarification section below the overview according to the situation given is summarized.

Explanation:

Those who understand the argument that it would be very crucial for healthcare institutions to find an appropriate equilibrium regarding cost savings in terms of treatment versus the outcome of education, although medical professionals could only be able to continue giving help regarding health so many of the community fairly if they can accomplish the goal of economic feasibility alone.Cost productivity, as well as the level of the product, have such a negative correlation with something which means that the expenditure would naturally decrease with either the improvement in the standard of treatment, consequently allowing the industry premium and yet at the same moment successful in performance.

However, in the forthcoming development, insurance reveals greater interest about what kinds of expenditures or improvements are somewhat more successful in improving and encouraging the level of efficiency of healthcare organizations or what kinds of interventions as well as expenditures resulting throughout the bottom of the distribution or diversion.

Select the correct answer.
Which legislation is the most recent piece of consumer protection legislation?
Consumer Bill of Rights
Fair Credit Reporting Act
Dodd-Frank Wall Street Reform and Consumer Protection Act
Credit CARD Act

Answers

Answer:

Consumer Bill of Rights

Explanation:

Martha works as a senior manager in a bank. The bank has hired 20 new employees. Martha has spent a week defining the roles and responsibilities of each of the new employees. Which crucial management function has Martha performed to increase the bank’s productivity in the future?

Answers

Answer:

Leading

Explanation:

Managers have four main functions that include Planning, organizing, leading, and controlling.  Martha, as a senior manager in the bank, was performing the leading function.

Leading entails influencing employee behavior to achieve organizational objectives. In this function ,managers use interpersonal skills to communicate, inspire, and motivate their teams.

In this scenario, Martha was using directing as a tool of the leading function to influence new employee behavior. She also applied the coaching technique to make the employees understand their roles.

Answer:

B. Controlling

Explanation:

PLATO EDMENTUM GANG

if your salary is $42,000 and your federal income taxes are 10% of your salary, how much money will you owe this year in federal taxes? assume you have no deductions.

Answers

Answer:

Your taxes are estimated at -$5,925.

Step-By-Step Explanation:

This is 0% of your total income of $42,000. 0% would also be your average tax rate. Your income puts you in the 12% tax bracket. At higher incomes many deductions and many credits are phased out. This increases your tax bill and your marginal tax rate. With these phase outs, adding $1,000 to your income would result in a -15% marginal tax rate.

People need to have ____ in the economy to spend money.

A) less disposable income
B) confidence
C) purchasing power

Answers

Answer:

B) confidence

Explanation:

Consumer confidence represents the level of optimism that consumers have on the general state of the economy. Consumer confidence is an expression of sentiments that the population has on the economic prospects in the country. The consumer confidence indicator is the metric used to measure consumer confidence.

High consumer confidence indicates that consumers are very optimistic about the prospects of the economy. When confidence is high, consumers tend to spend and invest more. With low confidence, consumers save more.

Why is education an important factor in setting wages?
O A. People with more education tend to earn higher wages.
B. High levels of education make it harder for a person to earn
wages.
C. The high cost of education tends to reduce wages.
D. Companies are less likely to hire a candidate with a high level of
education.
SUBMIT

Answers

Answer:

A. People with more education tend to earn higher wages.

Explanation:

Employers require some minimum level of education when hiring workers. Lower cadre jobs may require low education levels, but higher positions demand a higher education level. Lower cadre jobs don't pay as handsomely as the higher-level jobs.

As employers always demand minimum qualifications for jobs, an individual without any educational qualification will find it difficult to get employed. Their chances of earning decreases. Educated individuals are better placed to get hired and earn more compared to others.

Answer: a

Explanation: just took it on a test

What is a company doing if it requires customers to buy multiple products from that company to obtain the one product that the customer truly wants?

practicing predatory pricing

engaging in nonprice competition

working around antitrust laws to gain control over the market

using deregulation

Answers

Answer:

The company is trying to work around antitrust laws in order to be at the top of the market.lanation:

Answer:

engaging in nonprice competition

Explanation:

if im wrong comment

How do insurance companys make money?

Answers

Most insurance companies generate revenue in two ways: Charging premiums in exchange for insurance coverage, then reinvesting those premiums into other interest-generating assets. Like all private businesses, insurance companies try to market effectively and minimize administrative costs

The situation that allows the broker to appoint one or more agents for the client within the same firm, is called

Answers

Answer:

Designated agency.

Explanation:

These form of professionals are seen to be run professional duties in several contracting agencies where they are assigned to. This can be seen in real estate, marketing firms, culinery agencies etc. But the above case discuss about brokers. And here this contracting firm is seen to a certain number of workers to a particular firm. In many cases, these agencies do these in a bid to circumvent the conflict of interest inherent in dual agency.

A consumer magazine has contacted a simple random sample of 58 owners of a certain model of automobile and asked each owner how many defects had to be corrected within the first 2 months of ownership. The average number of defects was 4.9 with a sample standard deviation of 2.1 defects. Construct the 90% confidence interval for the population mean.

Answers

Answer:

(4.439 ; 5.361)

Explanation:

Given :

Confidence level = 90%

α = (1 - 0.9) / 2 = 0.05

Sample size (n) = 58

Degree of freedom (df) = n - 1 = 58 - 1 = 57

Mean number of defect (m) = 4.9

Standard deviation (s) = 2.1

m ± t0.05, 57 * (s /√n)

t0.05, 57 = 1.672029 (t value calculator)

4.9 ± 1.672 * (2.1 /√58)

4.9 ± 0.4610431

4.9 - 0.4610431 ; 4.9 + 0.4610431

(4.4389569 ; 5.3610431)

(4.439 ; 5.361)

except media what else can provide job information

Answers

Answer:

see below

Explanation:

Other sources of job information are

1. Trade or professional associations

They are organizations formed by professionals in the same career path. Members frequently meet to share information regarding developments in their profession.

2. Family and friends working in different organizations

Close friends and relatives are an important source of information for vacancies existing in different workplaces.

3. Educational institutions

In some cases, employers share information on their available job opportunities with schools and colleges.

4. Career or employment agencies

Employment agencies have updated information on various labor requirements for different employers

Explain how insurance companies use statistics.

Answers

Answer:

 Statistics is used to determine what risk an insured poses to an insurance company, what percentage of policies is likely to pay out, and how much money a company can expect to pay out in claims

What function of management uses the ability to look at how a plan has been implemented and
reflects upon how things could be improved?

Implementing
Controlling
Strategic
Mixed

Answers

Answer:

Controlling

Explanation:

Controlling is among the major functions of management.  As a management function, controlling means taking measures to ensure subordinates are working according to plan. It is verifying that all activities are in line with the given instructions and guidelines. Controlling ensures the business is on the right path to achieving its objectives.

Management has to control how the organization’s resources are used. They have to ensure effective & efficient use of resources to achieve predetermined goals.

The chart shows the marginal cost of producing apple pies.

A 3-column table titled The cost of pie production has 7 rows. The first column is labeled Pies produced per day with entries 0, 1, 2, 3, 4, 5, 6. The second column is labeled Total cost with entries 0, 1, 1.50, 1.75, 2.25, 3.50, 5. The third column is labeled Marginal cost with entries 0, 1, 0.50, 0.25, 0.50, 1.25, and 1.50.

This chart demonstrates that the marginal cost



initially decreases as production increases.
initially increases as production increases.
eventually decreases as production increases.
eventually increases as production decreases.

Answers

Answer:

initially decreases as production increases.

Explanation:

Marginal cost refers to the additional expenses incurred by producing one more unit. According to the chart, the production of the first item had a marginal cost of $1.  the second item had a marginal cost of $0.50, and the third item $0.25. The marginal cost trend is on the decline.

The marginal cost starts to increase after the fourth item. It is clear that the marginal cost was initially declining but began to rise as production increased.

Answer:

b

Explanation:

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