Description : 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
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
Description : Indirect taxes by nature are - (1) degressive (2) regressive (3) progressive (4) proportional
Last Answer : (2) regressive Explanation: An indirect tax is one in which the burden can be shifted to others. The tax payer is not the tax bearer. The impact and incidence of indirect taxes are on ... nature. Therefore, individuals would not be de-motivated to work and to save, which may increase investment.
Description : Indirect taxes by nature are (1) degressive (2) regressive (3) progressive (4) proportional
Last Answer : regressive
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.
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 : Progressive tax
Description : The tax is question #2 is: a. progressive b. regressive c. proportional
Last Answer : a. progressive
Description : . The tax is question #2 is: a. progressive b. regressive c. proportional
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 : (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 ... to reduce the tax burden of the well-todo, as they shift the burden disproportionately to the needy.
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
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
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
Description : Personal taxes in India best illustrates a (a) Proportional tax system ; (b) Progressive tax system (c) Indirect tax system ; (d) Value added tax system
Last Answer : (b) Progressive tax system
Description : Under progressive taxation, the real value of tax on a given level of real income : (a) decreases under inflation (b) rises under depression (c) rises under inflation (d) remains unchanged under inflation
Last Answer : (c) rises under inflation
Description : 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
Last Answer : A. Redemption fee Explanation: A mutual fund redemption fee, also referred to as a -market timing fee , or -short-term trading fee , is a charge by a mutual fund company to discourage investors from ... (i.e. a purchase, typically a transfer, followed by a sale within a short period of time).
Description : Buoyancy of a tax is defined as - (1) percentage increase in tax revenue/ percentage increase in tax base (2) increase in tax revenue/ percentage increase in tax coverage (3) increase in tax revenue/increase in tax base (4) percentage increase in tax revenue/ increase in tax coverage
Last Answer : (3) increase in tax revenue/increase in tax base Explanation: Buoyancy means the growth/increase in tax collections. This is in line with the GDP growth within the economy, the industry profile and the tax ... rate and in the tax base in relation to the GDP is termed the buoyancy of the tax system.
Description : Buoyancy of a tax is defined as (1) percentage increase in tax revenue/percentage increase in tax base (2) increase in tax revenue/ percentage increase in tax coverage (3) increase in tax revenue/increase in tax base (4) percentage increase in tax revenue/ increase in tax coverage
Last Answer : increase in tax revenue/increase in tax base
Description : A tax is characterized by horizontal equity if its liability is - (1) proportional to the income of tax payers (2) similar for tax payers in similar circumstances (3) proportional to the expenditure of tax payers (4) the same for every tax payer
Last Answer : (1) proportional to the income of tax payers Explanation: The principle of equity includes both horizontal and vertical. Equity is determined by first assessing an individual's ability-to-pay. The idea of ... equity suggests it is fair for people of equal ability to pay the same amount in taxes.
Description : A tax is characterised by horizontal equity if its liability is (1) proportional to the income of tax payers (2) similar for tax payers in similar circumstances (3) proportional to the expenditure of tax payers (4) the same for every tax payer
Last Answer : proportional to the income of tax payers
Description : Which of the following is/are true if a firm has a required rate of return equal to the ROE? I. The amount of earnings retained by the firm does not affect market price or the P/E. II. The firm can increase market ... (III) above D. Both (II) and (III) above E. All (I), (II) and (III) above
Last Answer : E. All (I), (II) and (III) above
Last Answer : Income tax is a tax imposed by a government on an individual or entity , which varies depending on the amount of income or dividend. Progressive tax is the tax system that increases the tax rate as ... levied on the taxpayer's ability to pay taxes. That is why income tax is called progressive tax.
Description : Farida had not comprehended how big the tree was until she stood at its base. is it a perfect, progressive, or simple sentence?
Last Answer : d e e z n u t s
Description : Is progressive taxation really a transfer of wealth, or do the wealthy remain wealthy even with a progressive tax system?
Last Answer : The wealthy remain wealthy.
Description : Which of the following would be a progressive tax?
Last Answer : People earning $35,000 pay 10 percent tax, while people earning $100,000 pay 30 percent tax.
Description : Indicate the false statement about the resistance of a wire – (1) it depends on material of wire (2) it is directly proportional to the length of wire (3) it is directly proportional to the area of crosssection of wire (4) resistance of metallic wire increases with increase in temperature
Last Answer : (3) it is directly proportional to the area of cross-section of wire Explanation: The property of conductor due to which it opposes the flow of current through it is called Resistance. It is ... potential difference across its ends to the current flowing through it The SI unit of resistance is ohm.
Description : The shear strength of a soil (A) Increases with an increase in the normal stress (B) Is proportional to the cohesion of the soil (C) Is generally known as the strength of the soil (D) All the above
Last Answer : (D) All the above
Description : Indicate the false statement about the resistance of a wire (1) it depends on material of wire (2) it is directly proportional to the length of wire (3) it is directly proportional to the area of cross-section of wire (4) resistance of metallic wire increases with increase in temperature
Last Answer : it is directly proportional to the area of cross-section of wire
Description : Indirect tax means : (1) there is not direct relationship between the tax payer and the government. (2) direct relationship between tax payer and the government. (3) tax base is income (4) the incidence and impact are on the same person on whom tax is imposed.
Last Answer : (1) there is not direct relationship between the tax payer and the government. Explanation: The term indirect tax has more than one meaning. In the colloquial sense, an indirect tax (such as ... which is collected directly by government from the persons (legal or natural) on which it is imposed.
Last Answer : there is not direct relationship between the tax payer and the government.
Description : Assuming, for the purpose of this question, the effectiveness of regressive hypnosis, do you think it could lead to suicide (explanation if you click)?
Last Answer : Hypnosis works on the principle that the one under hypnosis is in a suggestive agreeable state of mind, And during hypnosis, the subconscious mind is still alert to any danger so any suggestions that would be detrimental to the safety of the one who has been hypnotized would be ignored or refused.
Description : What is Regressive ?
Last Answer : Regressive means pollinated.
Description : The process, whereby electrons gain sufficient energy to be released from the surface of a thin, heated metal plate, is known as _____________. A. photo electric emission B. secondary emission C. thermionic emission D. regressive emission
Last Answer : Answer: C
Description : Viruses derived from fragments of cellular genetic material and macromolecules forms the basis of the a. Cellular Origins Hypothesis. b. Independent Entities Hypothesis. c. Rna World Hypothesis. d. Regressive Evolution Hypothesis.
Last Answer : a. Cellular Origins Hypothesis.
Description : In a chemical reaction, represented by as shown in the bellow figure, it is observed that the (i) Rate of reaction increases by a factor of 4 on doubling the concentration of the reactant. (ii) Rate of reaction increases ... where, CA = concentration of the reactant) (A) CA (B) CA 2 (C) CA 3 (D) CA
Last Answer : (B) CA 2
Description : With increase in gas rate, the number of transfer units, NtoG, for a fixed degree of absorption by a fixed amount of solvent (A) Increases (B) Decreases (C) Decreases linearly (D) Remains unaffected
Last Answer : (A) Increases
Description : With increase in solvent rate, the number of transfer units, NtoG, for a fixed degree of absorption from a fixed amount of gas (A) Increases (B) Decreases (C) Decreases linearly (D) Remain unaffected
Last Answer : (B) Decreases
Description : An Increase in national income because of an increase in price is called- (1) an increase in national income in real terms (2) an increase in national income at constant prices (3) an increase in money national income (4) an increase in national income at base year prices
Last Answer : (4) an increase in national income at base year prices Explanation: To find the real value of changes in output under inflationary conditions, the effects of any general price increase (price inflation) ... the base year. It holds prices constant in terms of the prices existing in the base year.
Description : An increase in national income because of an increase in price is called (1) an increase in national income in real terms (2) an increase in national income at constant prices (3) an increase in money national income (4) an increase in national income at base year prices
Last Answer : an increase in national income at base year prices
Description : How did the introduction of initiatives increase citizen participation in politics in the progressive era?
Last Answer : The Progressive Movement marked an era of political activism. ... The Progressive Movement & Mechanisms for Increased Political Participation ... The Progressives accomplished this goal by introducing several new ... the initiative is placed on a ballot, it will be offered for a public vote.
Description : Pick out the wrong statement. (A) The shear stress at the pipe (dia = D, length = L) wall in case of laminar flow of Newtonian fluids is (D/4L). ∆p (B) In the equation, T. gc = k. ... to motion (D) With increase in the Mach number >0.6, the drag co-efficient decreases in case of compressible fluids
Last Answer : (D) With increase in the Mach number >0.6, the drag co-efficient decreases in case of compressible fluids
Description : When the demand for a good increases with an increase in income, such a good is called - (1) Superior good (2) Giffin good (3) Inferior good (4) Normal good
Last Answer : (1) Superior good Explanation: A superior good is a product that people demand more of as they their incomes grow. These are products that are generally more expensive and rarer like diamonds and classic ... characteristics: it must be scarce, and, along with that, it must have a high price.
Description : When the demand for a good increases with an increase in income, such a good is called (1) Superior good (2) Giffin good (3) Inferior good (4) Normal good
Last Answer : Superior good
Description : During periods of inflation, tax rates should - (1) increase (2) decrease (3) remain constant (4) fluctuate
Last Answer : (1) increase Explanation: In economics, inflation is a rise in the general level of prices of goods and services in an economy over a period of time. In other words, inflation means continuously ... To control inflation there should be an increase in the tax rate and increase in the interest rate.
Description : The major objective of monetary policy is to - (1) increase government's tax revenue (2) revamp the Public Distribution System (3) Promote economic growth with price stability (4) weed out corruption in the economy
Last Answer : (3) Promote economic growth with price stability Explanation: The main objective of monetary policy is to control the supply of money, often targeting an inflation rate or interest rate ... usually to contribute to lower unemployment, and to maintain predictable exchange rates with other currencies.
Description : 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 ... like, surcharge, turnover tax, etc. (4) A new tax to be imposed on the producers of capital goods
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.
Description : Crowding out means that a. a government budget deficit lowers interest rates and causes investment spending to rise b. an increase in marginal tax rates lowers production c. a government ... spending to fall d. a government budget deficit raises American exports and lowers American imports
Last Answer : c. a government budget deficit raises interest rates and causes investment spending to fall
Description : 10. Crowding out means that a. a government budget deficit lowers interest rates and causes investment spending to rise b. an increase in marginal tax rates lowers production c. a ... investment spending to fall d. a government budget deficit raises American exports and lowers American imports
Description : The idea that irrespective of how a government chooses to increase spending, either by debt financing or tax financing, the outcome will be the same and demand will remain unchanged, is popularly ... b) Ricardian theory of competitive advantage c) Ricardian theory of stability d) None of the above
Last Answer : a) Ricardian theory of equivalence David Ricardo was a British political economist and his most famous theory was that of comparative advantage (along with above theory of Ricardian ... nation should use its resources solely in industries where it has the most international competitiveness
Description : The major objective of monetary policy is to (1) increase government’s tax revenue (2) revamp the Public Distribution System (3) Promote economic growth with price stability (4) weed out corruption in the economy
Last Answer : Promote economic growth with price stability
Description : During periods of inflation, tax rates should (1) increase (2) decrease (3) remain constant (4) fluctuate
Last Answer : increase
Description : 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 ... like, surcharge, turnover tax, etc. (4) A new tax to be imposed on the producers of capital goods
Last Answer : A single tax that replaces State taxes like, surcharge, turnover tax, etc.