What is the difference between a progressive tax, a proportional tax, and a regressive tax?
Question:
What is the difference between a progressive tax, a proportional tax, and a regressive tax?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (3 reviews)
Progressive tax proportional tax and regressive tax are different approaches to structuring taxation and they have distinct characteristics Progressiv...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
What is the difference between a proportional tax and a progressive tax? What are the problems of progressive taxation as a means to achieve greater equality in income distribution?
-
What is the difference between a progressive tax and a regressive tax? Give an example of each.
-
Difference between progressive tax rate and regressive tax rate with numerical example or graphical examples
-
Suppose a CAP policy was adopted that set allowances for a fixed number of miles driven by each car owner per year. Describe a plan for implementation and trading options.
-
Hales TV Productions is considering producing a pilot for a comedy series in the hope of selling it to a major television network. The network may decide to reject the series, but it may also decide...
-
Solve the equation. (x - 2) 2/3 = x 1/3
-
With reference to Example 15, (a) find the least squares line for predicting the chromium in the effluent from that in the influent after taking natural logarithms of each variable; (b) predict the...
-
The power quality of a transformer is measured by the quality of the voltage. Two causes of poor power quality are "sags" and "swells." A sag is an unusual dip and a swell is an unusual increase in...
-
A dog training business began on December 1. The following transactions occurred during its first month. December 1 Receives $22,000 cash as an owner investment in exchange for common stock. December...
-
What has been the general pattern of U.S. budget deficits in recent decades?
-
What are the main categories of U.S. federal government taxes?
-
Graph the parabola. Label the vertex, focus, and directrix. -3x = y
-
Bowie and Velasquez discussed ethical issues, which are uncertainties and the ability to execute a project during decision making. True/False
-
Developing good character is crucial to consequentialism. True/False
-
Why does the definition of the sport industry affect the calculation of its size? How should the industry be defined?
-
Deontology judges right action based on ones duties. True/False
-
Unqualified audit opinion on erroneous financial statements could result in the audit firm being sued for monetary damages. True/False
-
Ship collisions in the Houston Ship Channel are rare. Suppose the numbers of collisions are Poisson distributed, with a mean of 1.2 collisions every four months. a. What is the probability of having...
-
On 1 July 2021, Croydon Ltd leased ten excavators for five years from Machines4U Ltd. The excavators are expected to have an economic life of 6 years, after which time they will have an expected...
-
How are programmed and non-programmed decisions connected to the reflective and reactive systems in the brain?
-
What can groups or group leaders do to improve the quality of group decision-making?
-
What are heuristics, and when are they helpful?
-
A simple harmonic oscillator consists of a mass 6.31 kg and an ideal spring with a linear restoring force. The oscillator's displacement is given by the equation x = 0.25 sin(5 t) where x is in...
-
20. For question 20, use the following quadratic function: f(x) = x-4x+4. A. Find the y-intercept, the equation of the axis of symmetry, and the x-coordinate of the vertex. y-intercept: axis of...
-
4. A ball of mass 0.25 kg is thrown vertically upward from the roof of a building 18 m high with a speed of 16 m/s, and just misses the building on the way down, as shown. [3 marks] With what...
Study smarter with the SolutionInn App