This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: At any given moment there is one exchange rate: a. for all the world's currencies. b. for ... (Read 46 times)

rlane42

  • Hero Member
  • *****
  • Posts: 594
on: Jun 30, 2018
At any given moment there is one exchange rate:
 a. for all the world's currencies.
 b. for currencies in the free world.
 c. between every pair of currencies.
 d. established by the Federal Reserve System.

Question 2

What is the ability to pay principle? Does the U.S. federal income tax follow this principle or not? Explain your answer.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

chjcharjto14

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

The ability to pay principle is simply that those with the greatest ability to pay taxes should pay more than those with the least ability to pay taxes. The federal income tax is a good example of this principle because the rich pay more taxes than the poor.


rlane42

  • Member
  • Posts: 594
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

momolu

  • Member
  • Posts: 320
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Cation binding and exchange. Cation binding and exchange.
Rafflesia arnoldii, the world's biggest flower, lives as a parasite in Indonesian rain forests. Rafflesia arnoldii, the world's biggest flower, lives as a parasite in Indonesian rain forests.
teach their children to care for the earth in hopes of passing on a better world to future generatio teach their children to care for the earth in hopes of passing on a better world to future generatio
Happiness in the world Happiness in the world
Cause of world war II Cause of world war II
Explain the myogenic autoregulation of the glomerular filtration rate Explain the myogenic autoregulation of the glomerular filtration rate
Video: Vascular tissues in a corn stem and a buttercup root

For a complete list of videos, visit our video library