User Account

All Pages

What does it mean for a tax to be regressive

Assignment Help Accounting Basics
Reference no: EM132653140

Question - What does it mean for a tax to be regressive?

People with lower incomes pay more tax as a percentage of their income

People with similar wealth pay similar amounts of tax as percentage of their income

People with higher incomes pay more tax as a percentage of their income

People pay tax proportionate to the amount of services they use

Reference no: EM132653140

Questions Cloud

What is a classified property tax system : What is a classified property tax system? A system in which high turnover properties are compared to low turnover properties for assessment
What is the value of the swedish krona in terms : What is the value of the Swedish krona in terms of the Russian ruble (i.e., how many rubles do you need to buy one Swedish krona)?
Cultivating character from crooked timber : According to New York Times commentator David Brooks, too many of us focus on developing the wrong set of virtues. We strive to create résumé virtues-the skills
Discuss about the mentoring and coaching in nursing : Choose a current issue/trend topic from the following list: Mentoring and coaching in nursing, The trimodal model of 21st-century effective nurse leaders.
What does it mean for a tax to be regressive : What does it mean for a tax to be regressive? People with similar wealth pay similar amounts of tax as percentage of their income
Vital element of health infrastructure : A vital element of the health infrastructure that is often overlooked is the state and local Health Department.
Nation devoted to the values of liberty-equality : Lincoln asked whether a nation devoted to the values of liberty, equality, justice and opportunity "so conceived...can long endure."
Make a flexible budget for Johnny Lee : Make a flexible budget for Johnny Lee for each of the following monthly levels of machine hours: (a) 5,700, (b) 6,700, and (c) 7,700
Integrated delivery systems : We focus on products, services and products within healthcare industry. How can integrated delivery systems help reduce costs and improve quality of health care

Reviews

Write a Review

Accounting Basics Questions & Answers

  Calculate the cost per equivalent unit for direct materials

Callahan Company uses the weighted-average method in its process costing system. The cost per equivalent unit for direct materials is

  Organic health co is an hmo for businesses in the chicago

organic health co. is an hmo for businesses in the chicago area. the following account balances appear on the balance

  Deer company approaches core with a special order for 15000

deer company approaches core with a special order for 15000 units at a price of 8.50 per unit. variable costs will be

  Would it be appropriate for pannor to reopen

Would it be appropriate for Pannor to reopen the audit testing phases in order to expand procedures, in light of the lack of representative evidence from management? Why or why not?

  Determine the payback period and unadjusted rate of return

Income before taxes earned by the ice cream parlor is taxed at an effective rate of 20 percent. Determine the payback period and unadjusted rate of return

  Te 2006 budget for gates and company includes 10000000for

1. memphis corporation has a cash balance of 200000.00 on112008. the companys sales budget for the year was500000.00.

  Prepare sarasota journal entries related to this investment

Sarasota Corporation purchased for $305,000 a 30% interest in Murphy, Inc. Prepare Sarasota's journal entries related to this investment

  Modified accrual basis of accounting

Which of the following fund types uses the modified accrual basis of accounting?

  Sole-proprietorship business

You have started a sole-proprietorship business. Itis a department store selling groceries. You receive payment for the sales made either through a credit card or cash. You pay your suppliers on a credit basis of 30 days. To efficiently manage acc..

  Explain document threats and safeguards

Apply the five-step Conceptual Framework for Members in Public Practice to this dilemma. Explain Document Threats and Safeguards

  Cash disbursement journal

The auditors compare information on canceled checks with information contained in the cash disbursement journal. The objective of this test is to determine that:

  What are the defining characteristics of white-collar crime

What are the defining characteristics of employee fraud and embezzlement?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd