A progressive tax system encourages individuals to work harder.Is it true or false? and why?

Q: wealthy and poor actually pay lower taxes than the middle class and that a _______    Tax might be a…

A: 1) a) progressive

Q: how is the US income tax system unique?  Do you think it is good for tax payers?

A: The US Income Tax system is a robuts and strong system and the federal income tax is the largest…

Q: e effect of financial distress and taxation on​ gearing?   A. Both constrain gearing   B. The…

A: Gearing in accounting means how much is the debt against the equity in the capital structure of the…

Q: True or false is regulatory tax is intended to achieve some social or economic end?

A: Regulatory tax: Regulatory taxes are the charge or levy of taxes by the government on the general…

Q: 1. Explain how value-added tax (VAT) works and its advantages and disadvantages from businesses,…

A: Disclaimer: "Since you have asked multiple questions in a single question we answered first question…

Q: Why is tax policy considered to be a blunt instruction?

A: Tax : Governments levy taxes on residents to create revenue for projects that would strengthen the…

Q: If some activity creates positive externalities as well as private benefits, then economic theory…

A: An externality is benefit or cost that affects someone who is not directly involved in the…

Q: Can you give me an idea of how taxation is important in our lives?

A: Taxation is the process through which a government imposes a financial restriction or liability on…

Q: What are child tax credits and payroll taxes? Explain the advantages and disadvantages. which…

A: Child Tax Credits  In America, child tax credits are given to every family in which dependent child…

Q: Your superior has assigned you the task of assisting in designing the new tax system. Discuss what a…

A:

Q: What is Professional Tax and give examples?

A: A tax is a financial charge imposed by government. It is a source of income for the governments to…

Q: discuss how trumps fiscal policy is affecting you.

A: Sometimes when a government wants to change the aggregate demand it does it smoothly by changing the…

Q: Congress uses the tax code to influence our behavior. Examples include deductions for mortgage…

A: Following are the other tax deductions or tax credits that encourage particular behaviours:   (1) :…

Q: II. How Sin taxes help the health of the people?

A: II.  Sin tax are imposed on the goods which are harmful for health ( such as alcohol, tobacco etc. )…

Q: Evaluate the three strategies reducing income, increasing deductions, and taking advantage of tax…

A: ANSWER   A tax strategy is a plan to reduce tax. It is ethical and moral because, we ensure to pay…

Q: enient in terms of timing and payment

A: Introduction : In simple words, tax refers to the amount that an individual or an entity has to pay…

Q: xplain the benefit approach and ability to pay approach with tax equity. Which approach is…

A: Taxes are the payments made by the individuals and corporation on their earnings. It is a compulsory…

Q: Is it right to avoid taxes as much as you can?

A: Taxation- The laws and regulations that govern the financial services industry are referred to as…

Q: Which of the following statements is NOT true? A) A progressive tax system should increase the…

A: The progressive tax system is the tax system where the income of the people is taxed according to…

Q: How can tax law changes create incentives for investors to sell their properties to other investors?

A: Income property can be described by different means, including such leasing, as the asset bought or…

Q: What are the taxes and tax rates for individual taxpayers? Hope you can help me, thank you

A: Taxpayers are referred to as those individuals, or organizations who are obliged to pay the taxes to…

Q: The ideal taxation system is a good tax system, that is, it must comply government needs whose…

A: Government charges two different taxes from its customer. One is direct tax and the other is…

Q: Using all the concepts discussed In this class, develop/create a tax system that can be used by a…

A: Answer:-  Tax meaning:- Tax is a sum of money that a government makes citizens to pay based on their…

Q: tax essential for all of us

A: Tax is imposed by government on the income on the citizens if their income exceeds a definite limit.

Q: The government should tax itself? Yes or no

A: A tax is a sum of money that is must be paid to the government in order for it to provide public…

Q: Do you thinks taxes are moral? Explain your answers

A: Taxable income is the amount of income computed to measure the amount of taxes to be paid to the…

Q: Advances in information technology and the development of programs like TurboTax, which guides…

A: solution : Advances in information technology and the development of programs like TurboTax, which…

Q: Do you think

A: these are the following drawbacks of property taxes: Lower incentive to buy a home High property…

Q: (1) Do you agree that giving companies tax breaks forcharitable contributions distorts public…

A: Tax break refers to the method which results in decrease to the tax liability of the taxpayers and…

Q: Is the local property tax a regressive tax, or a progressive tax?

A: Progressive Taxes: Taxes that require high income groups to pay a larger percentage of income in…

Q: Basic community tax is an example of while income tax is a kind of O Privilege tax; capitation tax…

A: Basic community tax is an example of Privilege tax while income tax is a kind of Capitation tax.

Q: Taxpayers are having a difficult time due to the large number of tax rules in place. To put it…

A: Introduction:   Substance over form: It is an accounting concept, which says that the company must…

Q: Are progressive taxes the most equitable for all people?

A: Tax structure is based on how income of individual must be taxed. It could be based on certain slab…

Q: What is Community Tax and give examples?

A: Tax is an involuntary payment that is levied on the citizens of a nation by the government of the…

Q: What is Community Tax and its examples?

A: Solution-        Community Tax is a Chicago-based full-service tax company that focuses on serving…

Q: Is the 8% optional tax scheme always a better choice for a businessman or a professional? Explain.

A: Under the presumptive taxation theme, the minimum financial gain from the business is deemed to be…

Q: What is the issue with trying to abolish all property tax? Is property tax mandated by the…

A: The main source of revenue to the government is by the levy of tax on various goods, services,…

Q: Does the concept of a progressive (and fair) tax system become undermined by the ability to tweak…

A: Progressive tax system The concept of progressive tax system is simple to collect more taxes from…

Production Budget

A budget can be defined as a financial plan designed by an undertaking for a definite period in the future that can contribute towards enhancing the financial success of the business undertaking. It is used to estimate the revenue and expenses. The budget generally takes into account both current and future income and expenses.