Ask Question
BusinessBusiness
23 September, 13:39

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

+3
Answers (1)
  1. 23 September, 15:22
    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?
Get an answer to your question ✅ “How is a proportional tax different from a progressive tax? Flvs ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
If a price increase from $5 to $7 causes quantity demanded to fall from 150 to 100, what is the absolute value of the own price elasticity at a price of $7 using the arc formula?
Answers (1)
How can supply and demand for different careers affect job stability and income? Should you think about supply and demand when considering your future career? Why or why not?
Answers (1)
Suppose you have two credit cards. The first has a balance of $410 and a credit limit of $1,000. The second has a balance of $510 and a credit limit of $1,000. What is your overall credit utilization?
Answers (1)
1. pasar la aspiradora 2. arreglar la sala 3. barrer el sótano 4. lavar la cafetera 5. no ensuciar el piso de la cocina
Answers (1)
Which factor would make it difficult for Georgia peach suppliers to collude? Select one: a. only a few suppliers b. only a few buyers of peaches c. buyers of peaches having very little bargaining power since peaches are homogeneous d.
Answers (1)
New Questions in Business
Write a fictional scenario (can be based on something you have witnessed in real life) describing an ethical challenge you might encounter in a loan transaction.
Answers (1)
Equipment was purchased for $152000. Freight charges amounted to $5000 and there was a cost of $14000 for building a foundation and installing the equipment.
Answers (1)
On January 1, 2020, Cullumber Co. purchased 25,000 shares (a 10% interest) in Elton John Corp. for $1,450,000. At the time, the book value and the fair value of John's net assets were $12,000,000.
Answers (1)
If your company doesn't have cash flow, which of these things is likely to happen? (Select the best answer.) You may get a better interest rate on debt funding. You may not be able to pay your bills. You may need to get a special business permit.
Answers (1)
Nile Corp. has identified three cost pools to allocate overhead costs. The following estimates are provided for the coming year: Cost Pool Overhead Costs Cost driver Activity level Supervision of direct labor $304,000 Direct labor-hours 760,000
Answers (1)
Home » Business » How is a proportional tax different from a progressive tax? Flvs
Sign Up Forgot Password?