How does a regressive taxation system work?

Answers

Answer 1

Answer: In a regressive tax system, an individual’s tax burden decreases as income increases. This means that you’ll be taxed at a lower rate as your taxable income rises; you’ll be taxed a higher rate the lower your income is. So wealthier individuals will pay less in taxes than lower-income individuals.

Explanation:

Answer 2

Answer:

it makes all citizens pay the same percentage of there income taxes

Explanation:

Related Questions

2. Choose a product you're familiar with, and then write answers to the following.
a. Give an example of natural capital that is used to make this product. (Complete
sentences are not necessary. 2.0 points)
b. Give an example of human capital that is used to make this product. (Complete
sentences are not necessary. 2.0 points)

Answers

Product: Smartphone

What is the Natural Capital?

a. Natural capital: Coltan, a mineral ore containing tantalum, is utilized for manufacturing capacitors in smartphones due to its excellent heat resistance and electrical conductivity properties.

b. Human capital: Software engineers, who design and develop the smartphone's operating system, apps, and user interface, contribute their expertise, knowledge, and creativity in making the device user-friendly and functional.

Read more about natural capital here:

https://brainly.com/question/31714734

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What kind of phenomenon is art?
Natural
Scientific
Statistical
Human

Answers

The answer is b
Scientific

Everyday estimates for the heritability of intelligence range from 50 to 80 percent

Answers

Answer:

Yung pang 3 na bilog po

Explanation:

Thanks for asked

anong insidente na nagpakilala ng mabilis na galit ng kolonya ng amerikano sa britanya dahil sa pagdaragdag ng buwis sa staa sa kanilang inaagkat?

Answers

sorry I don’t understand

Break question

what is your favorite summer activity

Answers

Answer:Relaxing

Explanation:

Answer: SLEEPIN G

Explanation: i love sleeping when i do nothing

HELP COMPUTER SCIENCE HELP !!!!!!!!

Answers

I think the answer is a

who is known as branch chief?

Answers

Explanation:

Branch chief is one of the important executive personnel who carries out all the major responsibilities of a particular branch of the organization. The branch chief is mainly responsible for designing, preparing, and supervising every market business activity and surveillance procedures.

MAY IT HELPS U MATE ☃️☃️

pasagot po!!

ap po ito please po pasagot matino po sana!!

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Produktong Agrikultural - Panibagong Anyo:Troso - LapisBaka - freshmilkBalat ng hayop - BagNiyog - bunotAbaka - tsinelasPinya - damitBakal - kalasag

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The following adjusted trial balance is the result of the adjustments made at the end of the month of July for Ladonna
Douglas Company. Utilize these adjusted values to perform the closing entries for Ladonna Douglas Company.
Cash 34,750
Accounts Receivable 9,750
Office Supplies 2,525
Store Supplies 4,785
Machinery 10,750
Accumulated Depreciation 2,150
Accounts Payable 14,300
Notes Payable 11,500
Ladonna Douglas, Capital 53,725
Ladonna Douglas, Drawing 13,250
Service Revenue 41,500
Wages Expense 37,425
Rent Expense 3,000
Advertising Expense 2,750
Office Supplies Expense 1,465
Store Supplies Expense 2,150
Depreciation Expense 575
123,175 123,17

Answers

Answer: See explanation

Explanation:

The journal entry is given below:

Jul-31

Dr Service Revenue $41,500

Cr Income summary $41,500

Jul-31

Dr Income summary $47,365

Cr Wages expense $37,425

Cr Rent expense $3,000

Cr Advertising expense $2,750

Cr Office supplies expense $1,465

Cr Store supplies expense $2,150

Cr Depreciation expense $575.

Jul-31

Dr Retained earnings = ($47,365-$41,500) = $5,865

Cr Income summary $5,865

Jul-31

Dr Dividends $13,250

Cr Retained earnings $13,250

Other Questions

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