Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 13, 2024

If you pay $6,000 in taxes on an income of $55,000, and a tax of $7,000 on an income of $75,000, then over this range

If you pay $6,000 in taxes on an income of $55,000, and a tax of $7,000 on an income of $75,000, then over this range of income the tax is O A. regressive. O B. proportional. O C. progressive. O D. There is insufficient information to answer the

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Macroeconomics

Authors: David C. Colander

10th edition

1259663043, 1259663048, 978-1259663048

More Books

Students also viewed these Economics questions

Question

★★★★★

Fortunado, Inc. uses activity-based costing to account for its chrome bumper manufacturing process. Company managers have identified four manufacturing activities: materials handling, machine setup,...

Answered: 1 week ago

Question

★★★★★

3. With regard to Exercise 2, suppose that the discount rate is 10 percent, and variable costs are 0.10. The city is not taxed. How do these factors affect the estimate of expected utility that you...

Answered: 1 week ago

Question

★★★★★

=+29. Baseball circumferences. Baseballs used in the major leagues in the United States must adhere to strict standards. One such standard is that the circumference must be between 9 and 9.25 inches....

Answered: 1 week ago

Question

★★★★★

One Travel provides travel services on the Internet. 2011 was an important year for One Travel as it reported positive operating income after 3 years of operating losses. In the first quarter of...

Answered: 1 week ago

Question

★★★★★

What type of roofing should be installed by a specialized contractor? A . Metal roofing B . Built - up roofing C . Laminated shingles D . Roll roofing

Answered: 1 week ago

Question

★★★★★

Prepare the journal entries for all the part 1 transactions Create ???? accounts for all accounts and add the part 1 transactions Part 1 Transactions: January 1 - Phin invested $ 1 8 , 5 0 0 of his...

Answered: 1 week ago

Question

★★★★★

https://youtu.be/Mi1QBxVjZAw Please watch the video and share the essential points in the movie

Answered: 1 week ago

Question

★★★★★

Based on the set-up of the 3D cantilevered beam ANSYS/Workbench model, model the beam with a single 2D beam element. After boundary conditions are applied, the model will reduce to a 2 2 global mass...

Answered: 1 week ago

Question

★★★★★

1. 2. San Jose Inc. uses a weighted-average process costing system. All materials are introduced at the start of manufacturing, and conversion cost is incurred evenly throughout production. The...

Answered: 1 week ago

Question

★★★★★

A cake maker has determined that the cost of producing wedding cakes is $61.50 per wedding cake plus $16620 per month in fixed costs. The cake maker sells each wedding cake for $200. Step 2 of 4:...

Answered: 1 week ago

Question

★★★★★

Research about Park Hyatt Melbourne . Would you be able to help me with these questions below with a link attached to each question so I can have a look if I need to find more information? Customer...

Answered: 1 week ago

Question

★★★★★

A layer of kerosene (n kerosene =1.45) is floating on water. What are the angles of incidence for light travelling from kerosene to water that total internal reflection will occur?

Answered: 1 week ago

Question

★★★★★

2. Now imagine a real situation in your workplace or home situation where someone gives you feedback. a. Did you perceive the feedback as a hidden criticism? b. Did you perceive the feedback as a...

Answered: 1 week ago

Question

★★★★★

2. In this chapter, the reader should reflect on the following concepts: feedback and flexibility as a basis for change, intention and communication as a basis for change and behavioural patterns as...

Answered: 1 week ago

Question

★★★★★

Always have the dignity of the other or others as a backdrop.

Answered: 1 week ago

Previous Question Next Question