What happens to the proportion of income paid as taxes when income rises, for a progressive tax?
Question:
What happens to the proportion of income paid as taxes when income rises, for a progressive tax? What is an example of such a progressive tax?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (14 reviews)
A progressive tax is one that takes an incr...View the full answer
Answered By
Mary Boke
As an online tutor with over seven years of experience and a PhD in Education, I have had the opportunity to work with a wide range of students from diverse backgrounds. My experience in education has allowed me to develop a deep understanding of how students learn and the various approaches that can be used to facilitate their learning. I believe in creating a positive and inclusive learning environment that encourages students to ask questions and engage with the material. I work closely with my students to understand their individual learning styles, strengths, and challenges to tailor my approach accordingly. I also place a strong emphasis on building strong relationships with my students, which fosters trust and creates a supportive learning environment. Overall, my goal as an online tutor is to help students achieve their academic goals and develop a lifelong love of learning. I believe that education is a transformative experience that has the power to change lives, and I am committed to helping my students realize their full potential.
5.00+
4+ Reviews
21+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
When an element forms an anion, what happens to the radius? When an element forms a cation, what happens to the radius? Why? Define the term isoelectronic. When comparing sizes of ions, which ion has...
-
What are reserve requirements? What happens to the money supply when the Fed raises reserve requirements?
-
What happens to the adiabatic flame temperature if I burn rich or lean?
-
The bank portion of the bank reconciliation for Langer Company at November 30, 2017, was as follows. The bank statement contained two memoranda: 1. A credit of $5,285 for the collection of a $5,140...
-
a. Using the facts given in problem 11, what would be the anticipated realized yield if the forecast is that the bond can be sold in three years for $1,280? Use Formula 124 on page 322. Continue to...
-
Let \(p\) represent the statement, "Last night it snowed," and let \(q\) represent the statement, "Today we will go skiing." Write the symbolic form of each of the following compound statements: 1....
-
E 20-13 Governmental fund journal entries For each of the following transactions, note the fund(s) affected, and prepare appropriate journal entries. 1. General obligation bonds with a par value of...
-
Joint-cost allocation. Elsie Dairy Products Corp buys one input full-cream milk, and refines it in a churning process. From each gallon of milk Elsie produces two cups (one pound) of butter and two...
-
. The Atlantic Company sells a product with a break-even point of 3000 sales units. The variable cost is $70 per unit, and fixed costs are $360000. a.Determine the unit sales price. b. Determine the...
-
Why are excise taxes on items such as alcohol, tobacco, and gasoline considered regressive taxes?
-
What finances the majority of federal government spending?
-
Consider special-interest legislation that will transfer $40 million from group A to group B, a group with 10,000 persons. Is this legislation more likely to pass when group A consists of (a) 10,000...
-
To create 3 scenarios (positive, neutral and negative) for the development of the restaurant. Include the following important factors in your assessments: border trade as one of the most important...
-
Description of market segment Aged between 34 and 58 Regular commuters Clerical or professional Income over $50K Moderately price-sensitive but may see higher price as an indicator of quality...
-
How has the job of the manager changed over time (since the publication of the Mintzberg article below)? What factors have contributed to shifts in the manager's role? What new roles are managers...
-
a. illustrate the fives modes within which an ethical leader can exercise authority b. Evaluate four factors related to interpersonal dimension that relate to unethical behaviour of leaders c. Assess...
-
Complete the following writing assignment: Analyze the attached 10_pages. Write about them, summarize what you read, and connect it to personal experiences. CHAPTER 15 Sexual Dysfunctions and...
-
It has been proposed that large flywheels could be used to store energy. Consider a flywheel made of concrete (density 2300 kg/m 3 ) in the shape of a solid disk, with a radius of 10 m and a...
-
The following information is for Montreal Gloves Inc. for the year 2020: Manufacturing costs Number of gloves manufactured Beginning inventory $ 3,016,700 311,000 pairs 0 pairs Sales in 2020 were...
-
Indicate whether each of the following relationships is usually a direct relationship or an inverse relationship. a. A sports team's winning percentage and attendance at its home games. b. Higher...
-
True or False: Money must be issued by a government for people to accept it.
-
Identify each of the following quotes as being an example of either: the coordination problem, the invisible hand, creative destruction, or the incentive problem. a. "If you compare a list of todays...
-
Fig 1. Rolling a 4 on a D4 A four sided die (D4), shaped like a pyramid (or tetrahedron), has 4 flat surfaces opposite four corner points. A number (1, 2, 3, or 4) appears close to the edge of each...
-
I just need help with question #4 please! Thank you! Windsor Manufacturing uses MRP to schedule its production. Below is the Bill of Material (BOM) for Product A. The quantity needed of the part...
-
(25) Suppose that we have an economy consisting of two farmers, Cornelius and Wheaton, who unsurprisingly farm corn c and wheat w, respectively. Assume that both farmers produce their crop of choice...
Study smarter with the SolutionInn App