Examine the four different companies in the table, which shows their yearly income and their tax rate. Which type of taxation does this table best represent? Total income Tax rate Company A $50 million 10% Company B $100 million 12% Company C $150 million 15% Company D $200 million 20%

Q: 14. What is the agency responsible for collecting taxes at the O the Federal Tax Office the…

A: The agency responsible for collecting taxes at the federal level is the Internal Revenue Service.

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A: (A) Horizontal equity- Horizontal equity is an economic theory that expresses that people with…

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A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: Tax revenue of the government includes : (a) Income tax (b) Corporate tax (d) All of these (c)…

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Q: Define the three types of taxes (Proportional tax, Progressive tax, Regressive tax)

A:

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A: 1)20% 2)20% 3)20%

Q: 23. Which of the following is an indirect tax? A tax on company profits consumer goods and services…

A: Hi Student, Thanks or posting the question. As per the guideline, we are providing answer for the…

Q: List all the taxes that get reported on a BAS and IAS along with a short reference to their…

A: Taxes are mandatory commitments required on people or corporations by an administration…

Q: Income        amount of tax    10,000          2,000 50,000          2,000 100,000        2,000…

A: A Progressive Tax is a tax for which the percentage of income paid in taxes increases as income…

Q: Use the information in the table to answer the following question Income Amount of % of Income Tax…

A: There are three types of tax: 1. Progressive  2. Regressive  3. Proportionate

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A: 1)10% 2)50% 3)30%

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A: The income is the amount of money which can be earned from the production of various goods and…

Q: Which of the following is a significant revenue source for state and local governments, but not the…

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Q: Define direct and indirect taxes

A: Since you have asked multiple questions, we will answer only first question. If you want some…

Q: 1. Define a progressive income tax system.

A: A tax is imposed by the government to raise funds for its expenditures. It may be progressive,…

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A: Proportional Tax is the tax which is levied as the same percentage on each individual despite of the…

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A: Direct taxes, such as income tax, poll tax, land tax, and personal property tax, are one sort of tax…

Q: Discuss the principles of a sound tax system

A: A sound tax system can be described as a good system of taxation that meets the needs of all canons…

Q: progressive tax system tax rate rise with rise in income True/False

A: Answer. Introduction  Progressive tax  A progressive tax is based upon the taxpayer's ability to…

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A: In an economy, a progressive tax is when higher income tax is imposed on the people with higher…

Q: Define income tax.

A: A tax is a compulsory payment to the government. It is a source of revenue receipts for the public…

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A: The USA government collect tax mainly in four categories single, married filing jointly or…

Q: 40. The most efficient tax system has a broad tax base and a low tax rate. A) True B) False

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Q: Define progressive tax.asap

A: We know that A tax refers to an amount imposed on the person, commodities or any other item to earn…

Q: The vertical distance between points A and C represent the amount of the tax. The amount of tax…

A: We have the following information- The vertical distance between points A and C represents the…

Q: Explain the relationship between changes in the economic structure of direct tax revenues!

A: For developing and emerging economies,  a sufficient amount of tax revenues are a necessity for a…

Q: Provide an Illustration to illustrate one of the Final Income Taxes.

A: Taxes are unintended fees placed on individuals or companies and levied by a government agency –…

Q: 5. Explain the difference between an excise, corporate, payroll, & income tax rates.

A: We will answer only the first question.

Q: What is the difference between a general sales tax and an excise tax?

A: A tax is a mandatory fee collected by the governments from individuals, firms and businesses to…

Q: Percent of Income Paid in Total amount Income Tax of Tax Paid Family $10,000 20% $2,000 A Family…

A: A regressive tax is a tax with a high percentage of income for low-income people and a low…