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

Author Question: If Stephen earns 100,000 this year and pays 20,000 in taxes and Chris earns 50,000 this year and ... (Read 153 times)

clippers!

  • Hero Member
  • *****
  • Posts: 828
on: Jun 30, 2018
If Stephen earns 100,000 this year and pays 20,000 in taxes and Chris earns 50,000 this year and pays 5,000 in taxes, this tax system would appear to be
 a. progressive.
 b. proportional.
 c. regressive.
 d. none of the above

Question 2

Fixed exchange rates require the economic policies of countries linked by the exchange rate to be:
 a. completely independent.
  b. complementary to each other.
  c. determined by the World Bank.
  d. similar in nature.
  e. determined by the International Monetary Fund.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

lkoler

  • Sr. Member
  • ****
  • Posts: 358
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

d


clippers!

  • Member
  • Posts: 828
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

jojobee318

  • Member
  • Posts: 298
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

20,000 year old Arctic ground squirrel mummy 20,000 year old Arctic ground squirrel mummy
Generally, the total tax burden in the United States is much lower than that of other industrialize Generally, the total tax burden in the United States is much lower than that of other industrialize
Sample budget spreadsheet form for first year of business. Sample budget spreadsheet form for first year of business.
Chelsea Donahue has a​ 20-year home mortgage of ​78,000 at​ 7.50% interest and will pay ... Chelsea Donahue has a​ 20-year home mortgage of ​78,000 at​ 7.50% interest and will pay ...
Last year, Terrific Copying had total revenue of $475 000, while operating at 60% of capacity. ... Last year, Terrific Copying had total revenue of $475 000, while operating at 60% of capacity. ...
Video: Introduction to Eating Disorders

For a complete list of videos, visit our video library