Ask Question
BusinessBusiness
19 September, 03:56

How is a proportional tax different from a progressive tax? Flvs

+2
Answers (1)
  1. 19 September, 04:19
    0
    Progressive tax is income tax that takes more of a percentage from people with a higher income and less of a percentage from people with a low income. On the other hand, proportional tax is when people pay the same percent of tax regardless of their income.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “How is a proportional tax different from a progressive tax? Flvs ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
A ceo believes that the company should try to keep the stock price high by manipulating the financial statements to protect its shareholders. Which element of the fraud triangle is discussed here?
Answers (1)
An investment offers a total return of 13.8 percent over the coming year. You believe the total real return will be only 9.4 percent. What do you believe the exact inflation rate will be for the next year?
Answers (1)
What would happen to the buying power of your investment after one year if you rate of detour was 5% and the rate of inflation was 3%?
Answers (1)
Global Shippers Inc. has forecast earnings of $1,233,600, $1,345,900, and $1,455,650 for the next three years. What is the future value of these earnings if the firm's opportunity cost is 13 percent?
Answers (1)
The Silver Center (TSC) produces cups and platters. TSC purchases silver and other metals that are processed into silver alloy that is used to make platters and cups.
Answers (1)
New Questions in Business
An airline company is interested in the opinions of their frequent flyer customers about their proposed new routes. Specifically, they want to know what proportion of them plan to use one of their new hubs in the next 10 months.
Answers (1)
Taylor Bank lends Guarantee Company $92,811 on January 1. Guarantee Company signs a $92,811, 12%, nine-month note. The entry made by Guarantee Company on January 1 to record the proceeds and issuance of the note is
Answers (1)
Why is it important to know the interest rate on your credit card? a) The higher the interest rate, the more money you will be paying back b) The higher the interest rate, the less money you will be paying back c) The lower the interest rate, the
Answers (2)
It is appropriate to use the fixed assets turnover ratio to appraise firms' effectiveness in managing their fixed assets if and only all the firms being compared have the same proportion of fixed assets to total assets. a) trueb) false
Answers (1)
Which of the following actions differentiates an entrepreneur from other small business owners?
Answers (1)
Home » Business » How is a proportional tax different from a progressive tax? Flvs
Sign Up Forgot Password?