The nation of Upstandia uses kroner for money and its tax code is such that a person
Question:
The nation of Upstandia uses kroner for money and its tax code is such that a person making 100,000 kroner per year pays 40,000 kroner per year in income taxes; a person making 200,000 kroner per year pays 70,000 kroner per year in income taxes; and a person making 300,000 kroner per year pays 90,000 kroner per year in income taxes. Upstandia’s income tax system is:
a. Progressive.
b. Regressive.
c. Proportional.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 62% (16 reviews)
Answer b regressive Upstantias income tax system is regressive because those with higher incomes ...View the full answer
Answered By
Cyrus Sandoval
I a web and systems developer with a vast array of knowledge in many different front end and back end languages, responsive frameworks, databases, and best code practices. My objective is simply to be the best web developer that i can be and to contribute to the technology industry all that i know and i can do. My skills include:
- Front end languages: css, HTML, Javascript, XML
- Frameworks: Angular, Jquery, Bootstrap, Jasmine, Mocha
- Back End Languages: Java, Javascript, PHP,kotlin
- Databases: MySQL, PostegreSQL, Mongo, Cassandra
- Tools: Atom, Aptana, Eclipse, Android Studio, Notepad++, Netbeans.
Having a degree in Computer Science enabled me to deeply learn most of the things regarding programming, and i believe that my understanding of problem solving and complex algorithms are also skills that have and will continue to contribute to my overall success as a developer.
I’ve worked on countless freelance projects and have been involved with a handful of notable startups. Also while freelancing I was involved in doing other IT tasks requiring the use of computers from working with data, content creation and transcription.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Microeconomics Principles, Problems and Policies
ISBN: 978-1259450242
20th edition
Authors: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn
Question Posted:
Students also viewed these Business questions
-
In the nation of Lower Vicuna, the velocity of money is fairly constant, and in the nation of Upper Vicuna, the velocity of money fluctuates greatly. For which nation would the quantity theory of...
-
The nation of Fishkasar has a tax rate of 10% on the first 20,000 walops (the national currency) of taxable income, then 25% on the next 30,000 walops, then 50% on all taxable income above 50,000...
-
The nation of Wiknam has five million residents whose only activities are producing and consuming fish. They produce fish in two ways. Each person who works on a fish farm raises 2 fish per day. Each...
-
Consider the following (unoptimized) MIPS assembler program: 2 3 4 5 6 6 - 7 BA 8 0 9 10 10 .text .globl main #int procB (int a, int b) # { # # # # # # } int = 0; c = a + b return C; 44 11 procB: 12...
-
Describe the role played by Federal Reserve district banks in the check clearing process. What happens when one of the banks is not a Fed member?
-
A metal ion with a net +3 charge has five electrons in the 3d sub shell. Identify the metal.
-
Members of a multinational task force in a large international business should probably be aware that ____________ might initially slow the progress of the team in meeting its task objectives. (a)...
-
Ronald Wayne Smith was employed by Modesto High School as a temporary math instructor. In addition, he coached the girls baseball and basketball teams. The contract under which he was employed stated...
-
ConeZone Company pays salaries of $20,000 every Monday for the preceding 5-day week (Monday through Friday).Assume December 31 falls on a Wednesday, so ConeZone's employes have worked three days...
-
The journal entries for August, Carleys Car Cares second month of business, have been journalized in the general journal in your Working Papers or in CengageNow. The balances of the accounts as of...
-
In the past 40 years work stoppages have a. Plummeted. b. Remained constant. c. Increased slowly. d. Increased rapidly.
-
The proximate cause of the Greek problem was a. Vast overspending during the previous decade. b. Lax tax collections during the previous decade. c. A burst housing bubble. d. Both a) and b).
-
Kim and Kresiki are assigned to perform the audit of Ying & Yangs Yoga Company. During the audit, it was discovered that the amount of sales reported on Ying & Yangs income statement was understated...
-
A company currently has $50 million in sales, $23 million in current assets, $39 million in fixed assets, and $15 million in accounts payable. The fixed assets are currently operated with full...
-
Marta's brother Mark borrows $1500 from her and they agree that he will pay 2.5% simple interest for the use of her money. How much will Mark owe Marta at the end of 10 years?
-
Define critical thinking. How important is critical thinking in making business decisions? Explain and provide examples. Please list any sources used
-
Given the selling price at P120 per unit; contribution margin ratio at 25% and fixed costs of P250,000, the total variable expenses at the break-even point would be: 2) The following information...
-
The expected rate of return on the stock index S is 12%.The continuously compounded risk-free rate of return is 5%.The continuously compounded dividend yield on the stock index is 2%.The current...
-
Continuing the previous problem, find the portfolio that achieves an expected monthly return of at least 1% and minimizes portfolio variance. Then use SolverTable to sweep out the efficient frontier,...
-
Evaluate how many lines there are in a true rotational spectrum of CO molecules whose natural vibration frequency is w = 4.09 1014 s1 and moment of inertia I = 1.44 1039 g cm2.
-
Suppose that the government decides to start regulating use of its forests, charging anyone who wants to log. Which of the following ways of calculating the price to charge for each acre will lead to...
-
Consider the following government-provided goods. Which of these goods necessarily require funding via general taxation (as opposed to direct user fees)? a. Street lights. b. A park. c. A fireworks...
-
Identify whether each of the following goods is rival or nonrival. a. Cable TV. b. A pair of jeans. c. Street signs. d. Attending a baseball game.
-
ABC Costing Method what is the the "Using Gross Profit %"for the 3 empty grey spaces ... Note the existing profit is not 52.17% for the second empty box Question 1 The sustainability manager is...
-
A health savings plan Question 14 options: a) may be an involuntary payroll deduction for an employee. b) allows users to save money that is deducted after taxes to pay for future medical expenses....
-
Madison Manufacturing wants to import a machine from Germany. However, the company's head of manufacturing is reluctant to spend the time required to obtain a letter of credit that the German...
Study smarter with the SolutionInn App