What is a consumption tax, and how is it different from an income tax?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 73% (15 reviews)
consumption is tax which is applied on purchased good or services It can also take the ...View the full answer
Answered By
Shubham sharma
During my undergraduation i used to teach students of 12th standard to bear my expenses & as i love teaching on every saturday under an NGO named as "Rang De Zindagi" we were teaching students og government school for free of cost
0.00
0 Reviews
10+ Question Solved
Related Book For
Macroeconomics
ISBN: 9780132109994
1st Edition
Authors: Glenn Hubbard, Anthony Patrick O'Brien, Matthew P Rafferty
Question Posted:
Students also viewed these Chemical Engineering questions
-
In the United States, consumption taxes (such as sales taxes) are typically state rather than federal taxes. In Europe, consumption taxes are imposed nationally rather than regionally, and they are...
-
Some economists advocate a change from an income tax to a consumption tax, such as a national sales tax. Sales tax makes consumption more expensive and so encourages households to save. How would...
-
Suppose that you expect to work for another 50 years and then live 20 years in retirement. You have no wealth, and there are no taxes. You want to smooth consumption over your lifetime, and you will...
-
You are given the equation(s) used to solve a problem. For each of these, you are to a. Write a realistic problem for which this is the correct equation(s). b. Finish the solution of the problem.
-
Examine Shoppers' balance sheet and confirm that the accounting equation equality holds in all three years shown. Show your work.
-
On April 1, 2023, Mendoza Company (a U.S.-based company) borrowed 500,000 euros for one year at an interest rate of 5 percent per annum. Mendoza must make its first interest payment on the loan on...
-
The price of a bond issued by C & M plc is 85.50 per cent of par value. The bond will pay an annual 8.5 per cent coupon until maturity (the next coupon will be paid in one year). The bond matures in...
-
1. Based on the conversation, what are the main causes of SSIs global transportation problems? 2. Given their product lines, is SSI using the right mix of global transportation services? Explain. 3....
-
Problem 14-25 (Algo) Net Present Value Analysis of a Lease or Buy Decision [LO14-2] The Riteway Ad Agency provides cars for its sales staff. In the past, the company has always purchased its cars...
-
Henriksen AS manufactures and sells packaging machines. It recently used an activity based approach to refine the job-costing system at its Vejle plant. The resulting job-costing system has one...
-
What is fiscal policy? Who is responsible for conducting fiscal policy?
-
Name and describe a new tool of fiscal policy used during the 20072009 recession.
-
Three substitution products and three elimination products are obtained from the following reaction: Account for the formation of these products. HC CH OCH3 CH3 OCH3 Br + CH3OH - CH3 CH3 CH3 CH3
-
What business/other applications would suitable for linux. What weaknesses does the linux distribution have ?
-
Two stars in a binary system orbit around their center of mass. The centers of the two stars are 6.8210 11 m apart. The larger of the two stars has a mass of 3.93x10 30 kg, and its center is 2.4710...
-
Two long parallel wires separated by 40cm, carry currents of 3 A in the same direction. What is the magnitude of the magnetic field in the plane of the wires at a point that is 10cm from one wire and...
-
Historically, McCullough has used one predetermined overhead rate based on the number of patient-days (each night that a patient spends in the hospital counts as one patient-day) to allocate overhead...
-
Instructions 1. Complete the locus of control assessment here. 2. Develop a PowerPoint that includes the following: one slide on which you introduce yourself one slide that summarizes how you are...
-
In Exercises 1124, use mathematical induction to prove that each statement is true for every positive integer n. 1.3 +2.4 +3.5+. + n(n + 2) = n(n + 1)(2n + 7) 6
-
Explain the regulation of the secretions of the small intestine.
-
Refer to the table on the next page in answering the questions that follow: a. If full employment in this economy is 130 million, will there be an inflationary expenditure gap or a recessionary...
-
Assume that the consumption schedule for a private open economy is such that consumption C = 50 + 0.8Y. Assume further that planned investment Ig and net exports X n are independent of the level of...
-
What is Says law? How does it relate to the view held by classical economists that the economy generally will operate at a position on its production possibilities curve (Chapter)? Use production...
-
Direct Method Cash Flow Net income 22900 Payment for purchase of land 4000 Payment for retirement of bonds 6000 Depreciation expense 7800 Receipt from issuance of common stock 7000 Patent...
-
177 Change tolow-dividend-payout policy . Scott currently owns400shares of TwelveColonies, Inc. Twelve Colonies has ahigh-dividend-payout policy and this year will pay a $2.40cash dividend on...
-
Question 2 (30 Marks) (a) You want to estimate the daily value at risk (VaR) for the stock returns of a public firm currently valued at $800 million. Using its stock returns data for the past 2 years...
Study smarter with the SolutionInn App