Which of the following examples BEST illustrates taxation using the progressive principle?

All citizens with jobs are taxed 1.45% of their income for Medicare.

The state of Florida increases the sales tax to 7.5% for non-essential goods and services.

The Jacksonville City Council votes to increase the property tax milage rate for all property owners in the city.

Zach who makes $50,000 a year is taxed at a marginal rate of 25% while Javier who makes $500,000 a year is taxed at a marginal rate of 39.6%.

Answers

Answer 1

Answer:

A. All citizens with jobs are taxed 1.45% of their income for Medicare.

Explanation:

A progressive tax is when the tax rate you pay increases as your income rises. Federal income tax is an example of progressive taxation. I chose this answer because citzens with jobs are being taxed as their income for Medicare rises.

Therefore, A would be the correct answer. I'm doing the exam as well so I hope this is correct!

Answer 2

An example of BEST illustrates taxation using the progressive principle is All citizens with jobs are taxed 1.45% of their income for Medicare. Thus the correct option is A.

What is taxation using the progressive principle?

Individuals or firms with greater financial resources or we can say income are taxed at a higher rate than those with lower incomes under the progressive taxation principle.

In this example, property taxes are assessed based on the property's worth in teh current market scenario, and the city council has decided to raise the tax rate for all city property owners based on that.

The Medicare tax is a payroll tax, which means it is withdrawn from an individual's paycheck automatically. The employer collects and remits the tax to the government. All citizens working in the United States must pay the Medicare tax.

Therefore, option A is appropriate.

Learn more about taxation principles, here:

https://brainly.com/question/988284

#SPJ2


Related Questions

According to the video, what are some challenges faced by Advertising and Promotions Managers? Check all that apply

angry customers
cost of ads
long hours
stressful deadlines

Answers

Answer:

long hours

stressful deadlines

Explanation:

mhm

Long hours and stressful deadlines are some challenges faced by Advertising and Promotions Managers. Thus, option C and D are correct.

What do advertising managers do?

Advertising managers oversee a company's advertising initiatives and work with staff to create innovative, dependable brand-specific advertising campaigns. They set project goals, collaborate with other personnel, oversee them, and monitor a project's progress and results. A manager of advertising generates interest among potential customers for a department, for the entire company, or for a specific project (account).

They work for media companies that offer advertising time or space, advertising agencies that create advertising campaigns for customers, and widely advertised companies. To come up with ideas for an advertising campaign, they work with sales employees and others, and they also manage the team that creates the advertising. Additionally, they meet with the finance division to create a budget and cost estimate.

Learn more about role of advertising managers here:

https://brainly.com/question/8051743

#SPJ2

Which processes would be conducted when marketing executives visit a select group of people and ask them about the product?

A. sampling and feedback

B. benchmarking and feedback

C. sampling and inspection

D. inspection and benchmarking

Answers

Sampling and feedback is the procedure used when marketing officials go to a certain group of individuals and inquire about the product. Therefore, option (A) is accurate.

Self-regulating systems have been there since antiquity, and by the 18th century, the concept of feedback was beginning to appear in economic theory in Britain. However, at that time, it was not acknowledged as an all-encompassing abstraction, and lacked a name.

A float valve, used to keep water at a steady level, was created in Alexandria, Egypt, around 270 BC and is the first artificial feedback mechanism known to exist.

This apparatus served as an example of the feedback principle: while the water level is low, the valve is opened, and as it rises, feedback into individuals the system causes the valve to close. As the water level changes, this then repeats itself in a circular pattern.

Learn more about feedback, from :

brainly.com/question/30449064

#SPJ1

What is the definition of a proprietorship? What is its major drawback?

Answers

Answer:

The definition of proprietorship is the state of owning a business or holding property. The major drawback or a proprietorship is that there is no separation assets and personal assets.

12.) A hypothetical condition would be employed in an assignment to

Answers

Answer:

n an appraisal assignment, a hypothetical condition is used when a property is appraised under a condition that is contrary to what is known by the appraiser to exist on the effective date of the assignment results.

Explanation:


Please help will mark BRAINLIST

Answers

Answer:

D. mixed, market

Explanation:

Answer:

A

correct me if I'm wrong

Complete the following table of basic calculations. For Percent Contribution Margin, use MC. Round to table standard.



Price
Quantity Demanded
Total Revenue
Marginal Revenue
Variable Cost
Total Cost
Average Variable Cost
Marginal Cost
Profit
Percent Contribution Margin
18
600
10800

5210
5710
8.68

5090

17
a
11900
11
b
6140
8.06
4.30
5760
0.75
16
800
12800
9
6135
c
7.67
4.95
6165
d
15
900
13500
e
6700
7200
7.44
5.65
6300
0.62
14
1000
14000
5
7335
7835
f
6.35
6165
g
13
1100
14300
3
8060
8560
7.33
h
i
0.44
j
1200
14400
1
8900
9400
7.42
8.40
5000
0.30

Answers

The table shows that price of J will be $12, the quantity demanded of A will be 700, and the marginal revenue of E is 7.

How to calculate the values?

The price of J will be:

= Total revenue / Quantity demanded

= 14400/1200

= 12

The quantity demanded of A will be:

= Total revenue/Price

= 11900/17

= 700

The marginal revenue of E will be:

= (13500 - 12800)/(900 - 800)

= 700/100

= 7

The variable cost of B will be:

= 6140 - 500

= 5640

The total cost of C will be:

= 6135 + 500

= 6635

Learn more about demand on:

https://brainly.com/question/1245771

#SPJ1

Answer:

What about D?

Explanation:

When would power of attorney be needed? A. when someone dies unexpectedly B. when a person is unable to manage their affairs C. when someone dies but there is no will and the estate must be managed D. when a living will is not in place and beneficiaries must be named

Answers

Answer:

B

Explanation:

Answer:

B. When someone is unable to manage their affairs

Explanation:

a deed often used to clear up cloud on title is

Answers

quitclaim deed is the answer

To slow down a high inflation rate, the Federal Reserve should use a(n) _____ monetary policy by _____bonds.

a. contractionary; purchasing
b. expansionary; purchasing
c. expansionary; selling
d. contractionary; selling

Answers

Answer: b

Explanation:

Please answer number 3 will mark BRAINLIST

Answers

Answer:b or d probably b

Explanation:

Reasoning

what is cheese and why

Answers

Answer:

Food

Explanation:

Cheese is food, and its a great weapon :)

You must be mighty bored XD

In human relations negotiations is also called?

Answers

Answer:

top-level management

Explanation:

i did the work

How should you follow up an interview? What
questions should you ask? (Check all that
apply)

A)You don't need to worry about following up an
interview.

B) Find out who is involved in the hiring process.

C) Clarify the hiring timeline.

D) Ask about the hiring process.

Answers

Answer: C and D, it might also be B but that depends on how strict the company is and if they're recording your interview or not.

Explanation:

Why do you think consistency is so important between the Loan Estimate and the Closing Disclosure?

Answers

Answer:

~Senpi boi here~

I think that the consistey is so important between the Loan Estimate and the Closing Disclosure is because this can help you understand all the costs involved in getting a mortgage and make it harder for lenders to take advantage of you. And to identify any discrepancies. Also the Loan Estimate shows what you may pay. The Closing Disclosure shows what you will pay.

(Hope this helps!)

In order to understand all the costs associated with obtaining a mortgage and to spot any differences, consistency between the Loan Estimate and the Closing Disclosure is crucial. The Closing Disclosure displays what you will pay, whereas the Loan Estimate displays what you might pay.

What is a loan estimate?

A loan estimate is a three-page document that provides clear explanations and information about house loans. In addition to making the information simple to understand, this standardization makes it simple to compare offers from different lenders and determine which one is giving you the best bargain.

A loan estimate that you obtain is good for 10 business days. Try to accept a loan offer within that time frame; if you take longer to decide, the lender might adjust the terms and provide a new loan estimate.

Before you identify the home you want to buy, you can and should receive a loan estimate, especially in a seller's market when buyers frequently need to move quickly to make a purchase offer. To make sure you can acquire financing, you should have mortgage preapproval and possibly even pre-underwriting.

What is closing disclosure?

The final conditions and costs of a mortgage, such as the home loan amount, interest rate, anticipated monthly mortgage payments, and closing costs, are detailed in a Closing Disclosure, a 5-page document. Homebuyers must get their Closing Disclosure from mortgage lenders at least three working days before their loan closes. One of the most significant pieces of papers you'll receive during the mortgage process is your Closing Disclosure, so carefully read it over.

The Loan Estimate, formerly known as a Good Faith Estimate, that you received when you first applied for your mortgage might be thought of as the final version of that document.

The Closing Disclosure form uses actual figures rather than the approximations from the Loan Estimate form for the fees you would pay for your mortgage. Because of this, you must carefully study this closure form and clarify any points you don't understand.

To learn more about Closing Disclosure, click here

https://brainly.com/question/2983378

#SPJ2

1. Cash flows from __________ activities are the cash flows from transactions that affect the net income of a company.

a. operating
b. investing
c. financing
d. purchasing

Answers

The answer is a. operating

explicate the irrelevance of learning styles

Answers

Learning styles are the best way to learn for a student has been debunked. However, learning styles are accepted in education as a way to promote the idea that student learns differently. Below is a further explanation.

The VARK Model

Education continues to promote learning styles as a way for teachers to support students and differentiate lessons. The multiple models related to learning styles, the VARK model is among the most widely used since it sufficiently addresses learner diversity and needs.

The VARK model stands for:

VisualAuditoryReading/WritingKinesthetic

Therefore, anything devoid of the above will be irrelevant.

learn more about learning styles: https://brainly.com/question/3274282

A good will have a more inelastic demand,
a. the greater the availability of close substitutes.
b. the broader the definition of the market.
c. the longer the period of time.
d. the more it is regarded as a luxury.

Answers

The answer is A I think more than likely

If you were interested in starting your own business and becoming an entrepreneur, what might your career path look like? Explain.

Answers

I would start by a vision board , i would go from there start off small with my business like how as kids we would do lemonade stands in the neighborhood yea i would atart off my business small n then over time it will expand

I’m going for a career in journalism what does journalism have you do

Answers

Inform or present information meaning facts or ideas

What conclusion can be drawn about an organization that does not conduct market research?

Answers

Answer:

Sorry, but I cant tell you, you need to know

Explanation:

Fidelity bonds insure
O A. employers
O B. marine vessels
O C. automobile drivers
O D. employees

Answers

Answer:

D

Explanation:

employees

A firm's demand curve is P = 1 – 2Q. The firm has a current price of R1 000 and it sells 100 units per day. What is the firm's price elasticity of demand? 1. – 1 2. – 2 3. – 5.0 4. Given the information, it cannot be determined.

Answers

Assuming he firm has a current price of R1 000 and it sells 100 units per day. The firm's price elasticity of demand is -5.

Price elasticity of demand

Given:

P = 1 - 2Q

Hence:

Q = 0.5 - 0.5P

Price elasticity of demand (Ed)= -0.5×1000/100

Price elasticity of demand (Ed)= -5

Based on the above calculation the demand is elastic at the price of -5.

Therefore the firm's price elasticity of demand is -5.

Learn more about Price elasticity of demand here:https://brainly.com/question/5078326

How much must be invested now to receive $28,000 for 11 years if the first $28,000 is received one year from now and the rate is 8%? Round your present value factor to three decimal places and final answer to the nearest dollar.

Answers

The amount of $12,000 is required to be invested today in order to receive $28,000 after 11 years of 8 %.

What is an investment?

Investment is an amount made by an entity to get benefits in upcoming years. It can be for a short time or a long time where a shorter investment is treated as a current asset and a longer investment consider a non-current asset.

Given values:

Invested amount = $28,000

Time period = 11 years

Interest rate = 8%

Computation of worth of investment today:

[tex]\rm\ Worth \rm\ of \rm\ investment\rm\ today ={\rm\ Invested \rm\ Amount}\times \frac{1}{(1+ Interest rate)} ^{\rm\ Time \rm\ period} \\\rm\ Worth \rm\ of \rm\ investment \rm\ today ={\$28,000} \times \frac{1}{(1+ 0.08)} ^{11} \\\\\rm\ Worth \rm\ of \rm\ investment \rm\ today={\$28,000} \times{0.4288} \\\\ \rm\ Worth \rm\ of \rm\ investment \rm\ today=\$12,000.864[/tex]

Therefore, the amount of $12,000 should be invested today to get $28,000 after 11 years at 8%.

Learn more about the investment here:

https://brainly.com/question/7259974

#SPJ1

Urgent mail
Messages may appear on the Home Screen of the lottery terminal at any time true or false

Answers

The urgent mail messages do not appear on the Home Screen of the lottery terminal at any time.

What do you mean by mail message?

An email message refers to the text that may be formal or informal is received or sent over a network.

The mail messages that appear on the home screen are shown as pop-ups. Frequent pop-ups may disturb the user with frequent pop-ups. The user can read the messages by clicking on those pop-ups and also mark them as unread if he wants to check some messages later on.

Therefore, the above statement is false.

Learn more about mail messages here:

https://brainly.com/question/14452456

#SPJ1

I'll just give you the points lol

Examine three credit card applications and complete the following table comparing their features.

Answers

Answer:

i hope this is what you are looking for

Social Security number.

Income.

Date of birth.

Security questions.

Contact information.

A promise to tell the truth.

Agreement to terms and conditions.

Authorized users.

Answer:

Interest Rate 17.50% 10.99%–22.99% 11.99%–20.99%

Annual Fee $29 $0 $0

Late Fee $20 (max) $35 (max) $38 (max)

Grace Period 25 days 20 days 24 days

Special Benefits none cash back none

Explanation: Edmentum Answer

PLEASE HELP WILL MARK BRAINLIST

Answers

A they earn a higher salary

The knowledge and skills of people increase.

I’m which type of economy does the government direct the production and prices of goods

Answers

Command economy!

A command economy is an economic system where the government has control over the production and pricing of goods and services.

Which of the following is an example of an external compliance requirement?
A. Proper disposal of hazardous materials within a hospital
B. Placing company contact information on product labels
C. Supplying every donor with a financial statement
O D. Providing every customer in a store with a receipt of purchase

Answers

Answer:

a

Explanation:proper disposal of hazardous material in a hospital

What factor has the biggest impact on a credit score?

Answers

Answer:

Probrably how often you've been in debt or how much money you owe to someone or how many loans you've taken

People who don’t work at all do not affect the economy. True False?

Answers

Explanation:

People who don’t work at all do not affect the economy

B) it's False

Other Questions
The bones from an animal found at an archaeological dig have a C614 activity of 0.10 Bq per gram of carbon. The half-life of C614 is 5730 yr. What is the age of the bones? Hello can u guys help me please Nepal is facing a huge trade deficit suggest ways to minimize the trade deficit justify the statement Which fraction is closest to 1 1/2? What is budgeting ?and how do you budget !Help me somebody!! A high school has 35 students who play only stringed instruments,10 students who play only brass instruments, 5 students who playboth, and 5 students who don't play either. What is the probabilitythat a randomly selected student at this high school plays a stringedinstrument or a brass instrument? Solve for the area of the complex figure below. Show your work and explain the steps you used to solve.Round your answer to the nearest whole number. Your friend shows you a coin collection. In it, 38/50 of the coins are quarters. What percent of the coins are quarters? The graph shows the function f(x) = 3* What is the value of f-1(x) at x = 3? When the skin comes in contact with an irritant, receptors in the skin send signals to the spinal cord. The signal is then sent to the brain for processing, and the individual begins to scratch the affected area. Which two systems are most likely interacting when a person experiences itching caused by a skin irritant? Based on the tug of war pictured below, what is the net force? 190 n 10 n 10 n 190 n What is one problem still facing women in the United States today?A. Women generally cannot be granted custody of children.B. Women often have little control over their own property.C. Women are often paid less than men for their work.D. Women are overrepresented in state and local legislatures. What is the common ratio of the geometric sequence below?-96, 48, -24, 12, -6, ...-2-1/21/22 image coordinate plane with points plotted at ordered pairs Q (-4, 4) R (2, 4) S (5,-3) T(2,-3) and U (-4, -3) first persin to get it in 30 min get brainlest Omar baked 9 pizzas that weigh 20 1/4 lbs total. How much does each pizza weigh? 8374274 x 345What is the answer? What emotions does the image of a huge mountain tween my hearth and tongue"" reveal? fear and frustration trust and pride love and appreciation love and affection. Some contaminants enter the water from commercial farming, while other problems are an indirect result of these contaminants. Whichwater problem is an indirect result of contaminants from commercial farming? A. fertilizersB. herbicidesC. algaeD. pesticides 3) In which model are atoms imagined as tiny balls?a) Daltonb) Thomsonc) Rutherfordd) Bohr What push/pull factors resulted from the Great Depression that caused people to move around the United States? Steam Workshop Downloader