In what ways are taxes unfair to the middle income group than the low income group ?

Answers

Answer 1

The middle income group is at the place where they do not have to struggle to meet ends meet, but their standard of living is not particularly different from the people from lower income family (low income earning is below $25,000 while middle income earning is above $35,000)
But that's being said, the difference of taxation between middle and lower tax could suprass 10% + additional $ 4,000.
So households in lower end of middle income would fall straight to low income earners after the taxation

Related Questions

Troubleshooting differs from diagnosis in that _____.
A. troubleshooting doesn't have to do with actually fixing the problem
B. troubleshooting focuses on how to fix the problem
C. troubleshooting recognizes only one possible cause
D. troubleshooting is an educated guess about what is causing a specific problem

Answers

I believe it is the B. troubleshooting focuses on how to fix the problem

Answer: B diagnosing is used to fix problem with hardware, while troubleshooting is used to fix problems in program code

Explanation: got it right

Calculate the sales tax and total sale amount for a product that cost $52.98 and the sales tax is 9.2%

Answers

your answer will be $57.85 and heres why ;)
9.2% of $52.98 is $4.78
$52.98+$4.78=$57.85
hope i helped

_________ include management's commitment to the ethics program and the methods or system for ethics evaluation.

Answers

Process controls include management's commitment to the ethics program and the methods or system for ethics evaluation.

Management does this to have accurate information and control in situations that relate to a process, person or group of people. By doing this they can make decisions.
There are 4 steps in this process:
1) Decide on standards to measure performance
2) Measure performance
3) Compare performance against their standards
4) Take necessary actions

Cost-volume-profit analysis is a precise tool for determining the profit consequences of future cost changes, price changes, and volume of activity changes.
a. True
b. False

Answers

The statement that cost-volume-profit (CVP) analysis is a precise tool for determining the profit consequences of future cost changes, price changes, and volume of activity changes is false.
CVP analysis is an accounting technique used in management to analyze the effect of sales volume and product costs on operating profit of a business.

the population in a coastal town decreased last year as a result, local store owners noticed a (n) _____ in the quantity demanded of goods and services.

A. Increase
B. Decrease

Answers

I think the answer is A

Hello,

Here is your answer:

The proper answer to this question is option A "increase".

Here is how:

Since the population has decreased it means store owner will lose money therefore will increase of his goods.

Your answer is A.

If you need anymore help feel free to ask me!

Hope this helps!

Craig wants to get his old car repaired, but he doesn't want to spend much money. he probably will not want to go to the most expensive repair service, which is from a(n)

Answers

The fact that Craig wants to get his old car repaired, but he doesn't want to spend much money means that he probably will not want to go to the most expensive repair service, which is from a car dealer.
The car dealer sells new or used cars at the retail level, based on a dealership contract with an automaker.

Final answer:

Craig should consider that higher repair costs at established dealerships with trustworthy reputations could lead to better long-term vehicle reliability and less risk. Cheaper services might result in ongoing issues and additional repair costs. Balancing risk appetite against potential future hassles is crucial.

Explanation:

Considering Craig's reluctance to spend a lot of money, he should be aware that the most expensive repair service often comes with a dealership that has a trustworthy reputation to uphold. This reputation is maintained by addressing not just the obvious problems with a vehicle, but by also focusing on long-term reliability, which creates positive word of mouth. However, should Craig choose a service with a cost that's too low, he might end up with a car that has unresolved issues, potentially leading to many unanticipated trips to the repair shop. Therefore, Craig needs to balance his appetite for risk against the desire to prevent future repair hassles. More established dealerships, with higher repair costs, might save him money in the long run by ensuring the car is fixed correctly the first time.

Rebello's preferred stock pays a dividend of $1.00 per quarter, and it sells for $55.00 per share. what is its effective annual

Answers

To solve for the effective annual rate of return:

Effective annual rate of return = (1+(quarterly dividend/preferred stock price))/periods per year)-1
Quarterly dividend = $1.00
Preferred stock price = $55.00
Periods per year = 4
EFF annual rate of return = (1+(1.00/55))/4-1
EFF annual rate of return = 7.47%

When will the Social Security fund dry up at its current level?

A.)2022
B.)2027
C.)2042
D.)2097
E.)2117

Answers

C) social security will run out by 2042.

At its current level, the Social Security fund is estimated to run dry in: C. 2042.

What is a Social Security fund?

A Social Security fund can be defined as the special government account which are typically imposed and controlled by a central institutional unit, so as to provide social benefits for large sections of a community or the society as a whole.

In the United States of America, some examples of Social Security fund include:

Pension fundsHousing fundsUnemployment insuranceMedical insurance

According to the Social Security Board of Trustees, the Social Security fund at its current level is estimated to run dry in 2042.

Read more on Social Security fund here: https://brainly.com/question/19261085

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Dewayne is comparing two checking accounts.One has a monthly fee of $7 and a per check fee of $0.3 and the other has a monthly fee of $4 and a per check fee of $0.4 what is the minimum number of checks Dewayne needs to write for the first bank to be a better option?

Answers

Dewayne will need to make 30 checks to make the amount equal. Hope this helps. Do you need to show work if so I can provide.
;)

he would have to write 31 checks

Carl started earning a paycheck and wants to invest some of what he earned. In this situation, why is it important for Carl to be financially literate?

Answers

The reason that it is important for Carl to be financially literate is so that he can learn how to invest his own money and manage it properly so that it continues to grow.

An average of ____________ people in the united states fall victim to hate crimes each year. question 8 options: 150,000 250,000 195,000 100,000

Answers

195,000

An average of 195,000 people in the United States fall victim to hate crimes each year. This is according to FBI report in 2010. Fewer than 5% of this number report the crime.

A hate crime is a crime committed due to hate of personal biases. Majority of hate crimes are due to a person's race. Aside from this, people fall victim to hate crime because of his/her religion, sexual orientation, ethnicity, or disability.

Q 8.28: the net income for tina's company for the current year was $255,000, while the total assets reported were $3,200,000. at the beginning of that year, the inventory was understated by $69,000, and at the end of the year it was understated by $30,000. the correct amount for total assets and net income for the year is

Answers

Cost of goods sold = beginning inventory + purchases - ending inventory
Cost of goods sold = -69,000 + purchases - (-30,000)
Cost of goods sold = -39,000

Subtract cost of goods sold that is understated 39,000 by 255,000.
Net income = $216,000

Since the beginning inventory is understated by $30,000 the total assets are.
Total assets = $3,230,000

Answer:

Cost of goods sold = -69,000 + purchases - (-30,000)

Cost of goods sold = -39,000

39,000 by 255,000.= $216,000

$30,000

Total assets = $3,230,000

Explanation:

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