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What happens to the percentage of tax as the income that is taxed rises and the tax is proportional to one?
Wiki User
∙ 8y ago
The tax states the same
Wiki User
∙ 8y ago
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What happens to the percentage of tax as the income that is taxed rises and the tax is a proportional one?
The percentage of tax stays the same.
What happens to the percentage of an income that is taxed when income rises and the tax is a progressive one?
the percentage of tax rises
What do you call a tax where the percentage of tax remains constant as income rises?
A tax system that maintains a constant percentage rate on income as it rises is commonly known as a "flat tax".
What happens when the contribution margin rises?
When contribution margin rises it reduces the break even point because due to increase in contribution margin less number of units requires to manufacture to recover the fixed cost and it also increases the profit as well.
What are the reasons why assets depreciate?
The stock market rises and falls all the time with the value of different assets. Its an inevitable part of the economy of any country
What happens to the percentage of tax as the income that is taxed rises and the tax is a proportional one?
The percentage of tax stays the same.
What happens to the percentage of an income that is taxed when income rises and the tax is a proportional one?
The percentage of an income that is taxed will stay the same when income rises until that income reaches a certain point set by the government. A higher tax bracket may mean a higher portion of the income will be taxed.
What happens to the percentage of an income that is taxed when income rises and the tax is a progressive one?
the percentage of tax rises
What happens when domestic income rises?
What happens when domestic income rises?
What do you call a tax where the percentage of tax remains constant as income rises?
A tax system that maintains a constant percentage rate on income as it rises is commonly known as a "flat tax".
What are the effects of tax on in com distribution?
There are two types of tax that is related to income equality: Regressive tax: The tax as a percentage of your income decrease as your income rises. Example includes VAT (Value Added Tax) where the burden of the tax falls more heavily onb the poor than to the rich. Therefore it increases the income inequality. Progressive tax: The tax as a percentage of your income increases as your income rises. Example includes income tax where as your income rises, the tax percentage increases. Therefore, it creates more income equality.
As disposable income increases what happens to consumption spending?
Consumption also increases as disposable income increases.
What happens to demand for normal and inferior goods when there is a decrease in your income?
the demand for inferior goods varies inversely with income. If your income rises then the demand for rice will decrease. the demand for normal goods varies directly with income. If your income rises the demand for these goods will rise as well. Most goods are normal goods ie, cars, new homes, furniture, steaks, and motel rooms. Economics, Stephen L Slavin 10e
If price rises what happens to supply for a product?
it rises
What happens to a bond's yield if the price of the bond rises?
it rises
Is luxuries a normal good?
yes it is a normal good . because price rises, demand also rises subject to condition that income rises
What happens when water vapors rises?
when it rises it becomes a cloud
