Under which type of taxation do you pay a higher percentage the more money you make? A Progressive B Regressive Proportional

Q: Income tax is a a. Local tax b. Special tax c. Tax on persons d. Regressive tax e.…

A: Taxes are mandatory payments placed on individuals or businesses by a government agency, whether…

Q: Discuss the effects of indirect taxes on producers. min 200 word

A: Indirect taxes are the taxes that are not directly paid by consumers. These taxes are added in the…

Q: b. The tax system is regressive for income levels less than $100,000 and progressive for income…

A: A regressive tax is one where the average tax burden decreases with income. Low-income taxpayers pay…

Q: Your Finance Minister considers making a tax reform. He asks you, as a senior tax administrator, to…

A: There are five basic requirements that must be satisfied by a good tax system : Fairness Adequacy…

Q: What are the two aspects of taxation? Explain each. (Please include the references

A: Taxation refers to levying of tax by a government authority. It is done to raise tax revenue. The…

Q: Give a brief conclusion about taxation in Malaysia

A: Malaysia has progressive direct tax system.People with higher income are taxed higher and people…

Q: What are the classification of taxes? And please describe and explain each

A: Taxes are the payment which households made to government of country . It is a compulsory payment…

Q: Income Amount of tax 10,000 2,000 50,000 10,000 100,000 20,000…

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

Q: What are the consequences of an increase in direct taxation?

A: Tax is the charge which is levied by the government. It is a source of government revenue which the…

Q: What can you say about Tax incidence in our country, who carries the burden more? Give examples and…

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

Q: Which type of taxation places a higher burden on people that do not make a lot of money? A…

A: Taxation is the imposition of mandatory taxes by governments on persons or corporations. Taxes are…

Q: What is Regressive Tax?

A: Generally, there are two types of taxes one is lump-sum tax and the other one is a specific tax or…

Q: Explain how an increase in tax can reduce tax revenue of a government

A: Tax is the major source of revenue for the government. The major government spending is funded from…

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: Calculate the effective tax rate (in percent) of people who eam an annual income of P250,000.…

A: Taxes are necessary contributions that a government entity, whether local, regional, or national,…

Q: 3)  Are excise taxes, like those on tobacco, gasoline, and alcohol, Progressive, Proportional, or…

A: Regressive tax imposes more burdens on poor households than the rich ones because it is same…

Q: What are the fundamental principles of taxation?

A: Taxation means levying or imposition of particular amount of tax on individuals by the government in…

Q: A progressive tax system implies that the proportion of income paid to taxes rises as income…

A: A progressive tax is one that is based on the ability of the taxpayer to pay.

Q: What is the importance of taxation

A: Taxation is proportional to a person's financial status, encouraging social and economic equality.…

Q: Income Amount of tax 10,000 1,000 50,000 10,000 100,000.…

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

Q: With a progressive tax, those with income tend to pay a

A: A Tax System in which there is an increase in the tax rate as the taxable income increases is known…

Q: Define net taxes.

A: A payment that is compulsory and is levied by the Government to fund the expenditures of the state…

Q: Give a brief example of progressive tax system.

A: Out of the three taxes system one of these is a progressive tax system. In a progressive tax system…

Q: What type of tax raises the most revenue for the federal government?  What is the largest source of…

A: What type of tax raises the most revenue for the federal government?  What is the largest source of…

Q: Discuss how a government might use taxation to affect the distribution of income

A: In an economy, the inequality of income distribution can be explained by the situation when a richer…

Q: What is progressive tax

A: A tax based on the ability of the taxpayer to pay is called a progressive tax. It is a system of…

Q: Which type of taxation is set up where everyone pays the same percentage? A Progressive B Regressive…

A: Taxation refers to the process through which a government or taxation body imposes or levies a tax…

Q: Assume a state's general sales tax is 6%; this is an example of a _______________ income tax.

A: Assume a state's general sales tax is 6%; this is an example of a regressive income tax. The correct…

Q: Government collects the largest percentage of its revenue in which of the following ways?

A: Taxes refer to the monetary payment made to the government of a nation on the purchase or sale of…

Q: A government replaces progressive taxes with regressive taxes. What is the likely outcome?  a.…

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

Q: What is regressive and degressive tax?

A: In order to raise money for important public projects like providing the best infrastructure and…

Q: talk in detailed about more than 4 importance of taxation

A: Residents are taxed concerning their financial conditions, in this way reassuring social and…

Q: What is the nature of this income tax system? regressive progressive O proportional

A: Since you have asked multiple questions, we will solve first question for you. If you want any…

Q: An example of a regressive tax is a/an

A: Tax is a unilateral payment made by the public to the government. The regressive taxation is the tax…

Q: What are the characteristics of Taxation? Discuss each briefly. (Please include the references, I…

A: Public finance is a subpart of economics that studies the expenditure and revenues of the public…

Q: Give a brief example of regressive tax system

A: There are three tax system which are:- (1) Proportional tax system (2) Progressive tax system (3)…

Q: Suppose the city of Strelsau has a 10% property tax on rental properties. Rudolph makes $100,000 a…

A: A tax is an obligation to government by residents of a country for consumption and production. It is…

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

A: Tax is a compulsory payment by the individuals and firms or businesses to the government for making…

Q: Explain how corporate profits are taxed twice

A: Taxes refer to the fees that is charged by the government on various entities of the economy. The…

Q: Discuss the taxation system of the United States. What kind of system does the U.S currently employ?…

A: Taxes are non-voluntary taxes imposed on individuals or companies by a government agency (local,…

Q: Why is the burden of a tax to taxpayers greater thanthe revenue received by the government?

A: Tax Burden is a proportion of the taxation rate forced by government. It incorporates direct…

Q: What can you say about Tax incidence in our country, who carries the burden more? Give examples and…

A: Tax incidence The economic cost of a tax is distributed among those who are impacted by it, which is…

Q: Compare progressive, regressive, and proportional taxes. Give at least oneexample of each type of…

A: A proportional tax is the one in which a fixed percentage of tax is imposed on the income of all the…