How is a proportional tax different from a progressive tax?
A proportional tax decreases with income level, but a progressive tax increases with income level.
A proportional tax increases with income level, but a progressive tax decreases with income level.
A proportional tax increases with income level, but a progressive tax is the same percentage for all.
A proportional tax is the same percentage for all, but a progressive tax increases with income level.
Answers (2)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “How is a proportional tax different from a progressive tax? A proportional tax decreases with income level, but a progressive tax increases ...” 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
Horseshoe Stables is losing significant market share and thus its managers have decided to decrease the firm's annual dividend. the last annual dividend was $.86 a share but all future dividends will be decreased by 3.5 percent annually.
Answers (1)
Steelcase Inc. is one of the largest manufacturers of office furniture in the United States. In Grand Rapids, Michigan, it assembles filing cabinets in an Assembly Department.
Answers (1)
A company is looking to purchase and replace a fixed asset for $235,000. It will sell the asset that will be replaced for $47,000 but will incur a $15,000 gain upon that sale. It must also commit $30,000 of working-capital to the investment.
Answers (1)
An intoxicated guest asks for one last drink shortly after last fall, but the server already cashed out.
Answers (1)
Which of the following statements is true of agglomeration? Agglomeration creates a demand that forces a skilled labor force to move out of a region. Ownership advantages stem from agglomeration.
Answers (1)
New Questions in Business
That the total dollar amount of the debits equals the total dollar amount of the credits in the ledger accounts can be verified through a (n) a. balance sheet b. trial balance c. chart of accounts d. income statement
Answers (1)
Coronado Shoes Fool Inc. is involved in litigation regarding a faulty product sold in a prior year. The company has consulted with its attorney and determined that it is possible that they may lose the case.
Answers (1)
Suppose during 2014 that Federal Express reported the following information (in millions) : net sales of $35,497 and net income of $98.
Answers (2)
During a certain four-year period, the consumer price index (CPI) increased by 30%, but during the next four-year period, it increased by only 10%. Which of these conditions must have existed during the second four-year period? A. Deflation B.
Answers (2)
Flagstaff Company has budgeted production units of 7,900 for July and 8,100 for August. The direct materials requirement per unit is 2 ounces (oz.).
Answers (1)