A tax is said to be regressive when its burden falls - (1) less heavily on the poor than on the rich (2) more heavily on the poor than on the rich (3) equally on the poor as on the rich (4) None of these

A tax is said to be regressive when its burden falls - (1) less heavily on the poor than on the rich (2) more heavily on the poor than on the rich (3) equally on the poor as on the rich (4) None of these
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(2) more heavily on the poor than on the rich Explanation: In terms of individual income and wealth, a regressive tax imposes a greater burden on the poor than on the rich. There is an inverse relationship between the tax rate and the taxpayer's ability to pay, as measured by assets, consumption, or income. These taxes tend to reduce the tax burden of the well-todo, as they shift the burden disproportionately to the needy.
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A tax is said to be regressive when its burden falls (1) less heavily on the poor than on the rich (2) more heavily on the poor than on the rich (3) equally on the poor as on the rich (4) None of these

Description : A tax is said to be regressive when its burden falls (1) less heavily on the poor than on the rich (2) more heavily on the poor than on the rich (3) equally on the poor as on the rich (4) None of these

Last Answer : more heavily on the poor than on the rich

The rate of tax increase as the amount of the Lax base Increases is called- (1) Proportional tax (2) Progressive tax (3) Regressive tax (4) Degressive tax

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Last Answer : (2) Progressive tax Explanation: A progressive tax is a tax in which the tax rate increases as the taxable amount increases. The term "progressive" refers to the way the tax rate progresses from low to ... with the result that a taxpayer's average tax rate is less than the person's marginal tax rate

If the tax rate increases with the higher level of income, it shall be called - (1) Proportional tax (2) Progressive tax (3) Lump sum tax (4) Regressive tax

Description : If the tax rate increases with the higher level of income, it shall be called - (1) Proportional tax (2) Progressive tax (3) Lump sum tax (4) Regressive tax

Last Answer : (2) Progressive tax Explanation: A progressive tax is a tax by which the tax rate increases as the taxable base amount increases." Progressive" describes a distribution effect on income or expenditure, ... -to-pay, as they shift the incidence increasingly to those with a higher ability-to-pay.

Which of the following taxes is regressive? a. the federal income tax b. the state income tax c. the sales tax d. the Medicare tax

Description : Which of the following taxes is regressive? a. the federal income tax b. the state income tax c. the sales tax d. the Medicare tax

Last Answer : c. the sales tax

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Description : The tax is question #2 is: a. progressive b. regressive c. proportional

Last Answer : a. progressive

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Description : 4. Which of the following taxes is regressive? a. the federal income tax b. the state income tax c. the sales tax d. the Medicare tax

Last Answer : c. the sales tax

. The tax is question #2 is: a. progressive b. regressive c. proportional

Description : . The tax is question #2 is: a. progressive b. regressive c. proportional

Last Answer : a. progressive

The rate of tax increase as the amount of the tax base increases is called (1) Proportional tax (2) Progressive tax (3) Regressive tax (4) Degressive tax

Description : The rate of tax increase as the amount of the tax base increases is called (1) Proportional tax (2) Progressive tax (3) Regressive tax (4) Degressive tax

Last Answer : Progressive tax 

If the tax rate increases with the higher level of income, it shall be called (1) Proportional tax (2) Progressive tax (3) Lump sum tax (4) Regressive tax

Description : If the tax rate increases with the higher level of income, it shall be called (1) Proportional tax (2) Progressive tax (3) Lump sum tax (4) Regressive tax

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If elasticity of demand is perfectly inelastic, then burden of tax will be on (a) Buyer (b) Seller (c) on both (a) and (b) (d) More on seller

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Last Answer : (a) Buyer

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Last Answer : (3) A single tax that replaces State taxes like, surcharge, turnover tax, etc. Explanation: A value added tax (VAT) is a form of consumption tax. A VAT is like a sales tax in that ... under the single tax system based primarily or exclusively on one tax, typically chosen for its special properties.

The incidence of Tax refers to - (1) Who pays the Tax? (2) Who bears the burden of Tax? (3) How Taxes can be shifted? (4) Who transfers the Tax burden?

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Last Answer : (2) Who bears the burden of Tax? Explanation: In economics, tax incidence is the analysis of the effect of a particular tax on the distribution of economic welfare. Tax incidence is said to "fall' upon the group that ultimately bears the burden of, or ultimately has to pay, the tax.

Laffer curve is related to (a) Tax rate and tax revenue. (b) Aggregate tax and aggregate non-tax revenue. (c) Total tax burden and total payment burden. (d) Total income and total expenditure.

Description : Laffer curve is related to (a) Tax rate and tax revenue. (b) Aggregate tax and aggregate non-tax revenue. (c) Total tax burden and total payment burden. (d) Total income and total expenditure.

Last Answer : (c) Total tax burden and total payment burden.

The incidence of Tax refers to (1) Who pays the Tax ? (2) Who bears the burden of Tax ? (3) How Taxes can be shifted ? (4) Who transfers the Tax burden ?

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Last Answer : Who bears the burden of Tax ?

What is Value Added Tax (VAT) ? (1) A simple, transparent, easy to pay tax imposed on consumers (2) A new initiative taken by the Government to increase the tax-burden of high income groups (3) A single tax that replaces State taxes like, surcharge, turnover tax, etc. (4) A new tax to be imposed on the producers of capital goods

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Last Answer : A single tax that replaces State taxes like, surcharge, turnover tax, etc. 

Indirect taxes by nature are - (1) degressive (2) regressive (3) progressive (4) proportional

Description : Indirect taxes by nature are - (1) degressive (2) regressive (3) progressive (4) proportional

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Indirect taxes by nature are (1) degressive (2) regressive (3) progressive (4) proportional

Description : Indirect taxes by nature are (1) degressive (2) regressive (3) progressive (4) proportional 

Last Answer : regressive

A commission or fee paid, when an agent or an individual sells an investment such as mutual funds or annuity is known as _________ A. Redemption fee B. Service Charge C. Regressive tax D. Sales tax

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If a man carried my burden He would break his back. I am not rich, but leave silver in my track.What am I? -Riddles

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Last Answer : A snail.

If a man carried my burden He would break his back. I am not rich, But leave silver in my track. -Riddles

Description : If a man carried my burden He would break his back. I am not rich, But leave silver in my track. -Riddles

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If a man carries my burden, they will get crushed to death. Though not rich, I leave silver in my track. What am I?

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If you will be the senior member of poor student's committee, what will be your criteria to disburse the financial aid to the students? Options: A) Financial support must go to your favourable students B) Financial support must go to the desirable students C) Financial support must be distributed to the students giving every service to the teacher D) You are neutral and feel it a burden

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Last Answer : (4) the co-existence of public as well as private sector Explanation: Mixed economy is an economic system in which both the state and private sector direct the economy, reflecting characteristics of both market economies and planned economies.

Inflation redistributes income and wealth in favour of : (1) Pensioners (2) Poor (3) Middle class (4) Rich

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Description : A rising Per Capita Income will indicate a better welfare if it is accompanied by - (1) unchanged Income distribution overall. (2) changed Income distribution in favour of rich. (3) changed Income distribution in favour of poor. (4) changed Income disribution in favour of Industrial Labour.

Last Answer : (3) changed Income distribution in favour of poor. Explanation: Per capita income has lately been viewed as a better determinant of economic development and welfare. However, high inequality can still ... no quarters deprived as after all, economic welfare is a part and parcel of social welfare.

Compared to the rich the poor save - (1) A larger part of their income (2) An equal part of their income (3) A smaller part of their income (4) All of their incomes

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Alluvial soils vary in nature from sandy loam to clay. They are generally - a. poor in potash and rich in phosphorus b. poor in both potash and phosphorus c. rich in both potash and phosphorus d. rich in potash and poor in phosphorus

Description : Alluvial soils vary in nature from sandy loam to clay. They are generally - a. poor in potash and rich in phosphorus b. poor in both potash and phosphorus c. rich in both potash and phosphorus d. rich in potash and poor in phosphorus

Last Answer : d. rich in potash and poor in phosphorus

‘Mixed economy’ refers to (1) the co-existence of heavy, small scale and cottage industries (2) the promotion of agriculture as well as cottage industries (3) the co-existence of rich as well as poor (4) the co-existence of public as well as private sector

Description : ‘Mixed economy’ refers to (1) the co-existence of heavy, small scale and cottage industries (2) the promotion of agriculture as well as cottage industries (3) the co-existence of rich as well as poor (4) the co-existence of public as well as private sector

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Compared to the rich the poor save (1) A larger part of their income (2) An equal part of their income (3) A smaller part of their income (4) All of their incomes

Description : Compared to the rich the poor save (1) A larger part of their income (2) An equal part of their income (3) A smaller part of their income (4) All of their incomes

Last Answer : A smaller part of their income

Inflation redistributes income and wealth in favour of : (1) Pensioners (2) Poor (3) Middle class(4) Rich

Description : Inflation redistributes income and wealth in favour of : (1) Pensioners (2) Poor (3) Middle class(4) Rich

Last Answer : Rich

Mixed Economy means : (1) Promoting both agriculture and industries in the economy (2) Co-existence of public and private sectors (3) Co-existence of rich and poor (4) Co-existence of small and large industries

Description : Mixed Economy means : (1) Promoting both agriculture and industries in the economy (2) Co-existence of public and private sectors (3) Co-existence of rich and poor (4) Co-existence of small and large industries 

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A rising Per Capita Income will indicate a better welfare if it is accompanied by (1) unchanged Income distribution overall. (2) changed Income distribution in favour of rich. (3) changed Income distribution in favour of poor. (4) changed Income disribution in favour of Industrial Labour.

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Last Answer : changed Income distribution in favour of poor. 

There was a poor man sitting in a restaurant and a rich man came in. The poor man said that he could sing any song in the world if he was given a name. The rich man bet all the money in his wallet that he couldn't sing a song with Susan in it. The poor man went away rich and the rich man went away poor. What song did the poor man sing? -Riddles

Description : There was a poor man sitting in a restaurant and a rich man came in. The poor man said that he could sing any song in the world if he was given a name. The rich man bet all the money in his ... The poor man went away rich and the rich man went away poor. What song did the poor man sing? -Riddles

Last Answer : Happy birthday.

Who said that Allah is poor and we are rich ?

Description : Who said that Allah is poor and we are rich ?

Last Answer : God is poor, we are rich, who said that Jews.

The incidence of sales tax falls on - (1) Consumers (2) Wholesale dealers (3) Retail dealers (4) Producers

Description : The incidence of sales tax falls on - (1) Consumers (2) Wholesale dealers (3) Retail dealers (4) Producers

Last Answer : (1) Consumers Explanation: In economics, tax incidence is the analysis of the effect of a particular tax on the distribution of economic welfare. Tax incidence is said to "fall" upon the group ... where the revenue is collected, but on the price elasticity of demand and price elasticity of supply.

The incidence of sales tax falls on (1) Consumers (2) Wholesale dealers (3) Retail dealers (4) Producers

Description : The incidence of sales tax falls on (1) Consumers (2) Wholesale dealers (3) Retail dealers (4) Producers 

Last Answer : Consumers

A clay subjected to pressure in excess to its present over-burden, is said to be (A) Pre-compressed (B) Pre-consolidated (C) Over-consolidated (D) All the above

Description : A clay subjected to pressure in excess to its present over-burden, is said to be (A) Pre-compressed (B) Pre-consolidated (C) Over-consolidated (D) All the above

Last Answer : Answer: Option D

The sales tax on a $20 hammer is 7 percent, or $1.40. Why is this tax a bigger burden for Josh, who has a $15,000 income, than for Aaron, who has a $150,000 income?

Description : The sales tax on a $20 hammer is 7 percent, or $1.40. Why is this tax a bigger burden for Josh, who has a $15,000 income, than for Aaron, who has a $150,000 income?

Last Answer : The tax represents a larger proportion of Josh’s income.

Does it bother you that the tax laws are set up so that the very rich (i.e. Mitt Romney) pay a smaller percentage of taxes than you probably do?

Description : Does it bother you that the tax laws are set up so that the very rich (i.e. Mitt Romney) pay a smaller percentage of taxes than you probably do?

Last Answer : Sure: I think it bothers most of the 99%.

How does asset depreciation affect my tax burden?

Description : How does asset depreciation affect my tax burden?

Last Answer : Asset Depreciation will decrease your tax amount owed. If you have assets that have decreased in value and qualify, you can file the loss on your taxes and be credited that amount toward your tax bill.

If Nominal GDP is 11% and Real GDP is 6%, then the difference of 5% represent (a) Depreciation ; (b) Rate of inflation ; (c) Rate of interest ; (d) Tax burden

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Last Answer : (b) Rate of inflation ;

Will poor people always be poor and have less opportunities than rich people?

Description : Will poor people always be poor and have less opportunities than rich people?

Last Answer : answer:One could make the argument that poor people have far MORE opportunities to succeed. They start so much further down the economic ladder that they can take advantage of all sorts of paths to ... so the number open to them is somewhat smaller. It seems counter-intuitive, but it is logical.

The internal rate of return - (1) must be less than the interest rate if the firm is to in-vest. (2) makes the present value of profits equal to the present value of costs. (3) falls as the annual yield of an investment rises. (4) is equal to the market interest rate for all the firm's in-vestment.

Description : The internal rate of return - (1) must be less than the interest rate if the firm is to in-vest. (2) makes the present value of profits equal to the present value of costs. (3) falls as the annual yield of an investment rises. (4) is equal to the market interest rate for all the firm's in-vestment.

Last Answer : (3) falls as the annual yield of an investment rises. Explanation: The internal rate of return on an investment or project is the "annualized effective compounded re-turn rate" or discount rate ... the investment equals the net present value of the benefits (positive cash flows) of the investment.

When average cost production (AC) falls, marginal cost of production must be - (1) rising (2) Falling (3) Greater than the average cost (4) Less than the average cost

Description : When average cost production (AC) falls, marginal cost of production must be - (1) rising (2) Falling (3) Greater than the average cost (4) Less than the average cost

Last Answer : (4) Less than the average cost Explanation: Average cost is the total cost per unit of output. Marginal cost, on the other hand, is the addition to the total cost by producing one more ... where marginal cost is higher than average cost, and average cost is an increasing function of output.

The internal rate of return (1) must be less than the interest rate if the firm is to invest. (2) makes the present value of profits equal to the present value of costs. (3) falls as the annual yield of an investment rises. (4) is equal to the market interest rate for all the firm’s investment.

Description : The internal rate of return (1) must be less than the interest rate if the firm is to invest. (2) makes the present value of profits equal to the present value of costs. (3) falls as the annual yield of an investment rises. (4) is equal to the market interest rate for all the firm’s investment. 

Last Answer : falls as the annual yield of an investment rises.

When average cost production (AC) falls, marginal cost of production must be. (1) rising (2) Falling (3) Greater than the average cost (4) Less than the average cost

Description : When average cost production (AC) falls, marginal cost of production must be. (1) rising (2) Falling (3) Greater than the average cost (4) Less than the average cost

Last Answer : Less than the average cost

Sustainability of agriculture is about - I. What we grow - biodiversity rich and nature friendly II. Who grows - Local food for livelihood security III. How we grow - Less incentive and less toxic IV. What we eat - Less processed and more diverse and local Correct code is - a. Only I b. Only I and III c. Only III and IV d. All I, II, III and IV

Description : Sustainability of agriculture is about - I. What we grow - biodiversity rich and nature friendly II. Who grows - Local food for livelihood security III. How we grow - Less incentive and less toxic IV. What we eat - Less ... Only I b. Only I and III c. Only III and IV d. All I, II, III and IV

Last Answer : d. All I, II, III and IV

Which breakdown theory explains the action that takes place in a heavily doped PN-junction with a reverse bias of less than 5 volts?

Description : Which breakdown theory explains the action that takes place in a heavily doped PN-junction with a reverse bias of less than 5 volts?

Last Answer : Zener effect.