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?
Get 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 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
A company has determined that changes in price will not dramatically impact the number of sales they are able to make. What should they do to maximize profits, then? A. Lower prices since customers will still buy about the same amount B.
Answers (1)
For a troubled debt restructuring involving only a modification of terms, which of the following items specified by the new terms would be compared to the carrying amount of the debt to determine if the debtor should report a gain on restructuring?
Answers (2)
Desrevisseau Inc., a manufacturing company, has provided the following data for the month of August. The balance in the Work in Process inventory account was $10,000 at the beginning of the month and $22,000 at the end of the month.
Answers (1)
A company uses a periodic inventory system. The company had beginning inventory of 3 units that cost $5 each. During the month, 17 units were purchased for $6 each. The company sold 15 units during the month and had 5 remaining in ending inventory.
Answers (1)
A recent study determined the following elasticities for Volkswagen Beetles:Price elasticity of demand = 2Income elasticity of demand = 1.5The supply of Beetles is elastic.
Answers (1)
New Questions in Business
yron Gordon and John Lintner argued that the cost of equity, rs, as the dividend payout is increased because investors are less certain of receiving that should result from retaining earnings than they are of receiving.
Answers (1)
Mandy is a ceo who displays little commitment to the organization's mission and staff. according to blake and mouton, mandy has what type of management style
Answers (1)
What type of credit is used to lease a building?
Answers (1)
Suppose you transfer $1,000 from your checking account to your savings account. how does this action affect the m1 and m2 money supplies?
Answers (1)
An author just signed a lucrative contract with a publisher that offers to pay her the amount of $600 at the end of year 9 when the book is scheduled to be released.
Answers (1)