A tax system in which tax rates increase as income increases is called a(n) ________ system

A) progressive tax
B) universal tax
C) regressive tax
D) prorated tax


Answer: A

Business

You might also like to view...

In ________ marketing, the firm ignores segment differences and goes after the whole market with one offer

A) niche B) mass C) guerrilla D) segmented E) differentiated

Business

The terpsichorean was familiar with the risks associated with various moves, the accountant knew financial risks forwards and backwards, while the civil engineer could quantify the risks associated with distributed loads on the temporary stage

Their input was used as part of: A) A brainstorming meeting approach to risk factor identification. B) The Delphi method approach to risk factor identification. C) A past history approach to risk factor identification. D) A multiple assessments approach to risk factor identification.

Business

Monterey Hotel bases its budgets on guest-days. The hotel's static budget for August appears below:   Budgeted number of guest-days 4,300Budgeted variable costs:    Supplies (@$9.60 per guest-day)$41,280  Laundry (@$9.40 per guest-day) 40,420Total variable cost 81,700Budgeted fixed costs:    Wages and salaries 57,190  Occupancy costs 52,030Total fixed cost 109,220Total cost$ 190,920The total cost at the activity level of 5,200 guest-days per month should be:

A. $190,920 B. $230,880 C. $208,020 D. $209,940

Business

Data is a collection of numbers, measures, and anything else that can be gathered and interpreted

Indicate whether the statement is true or false

Business