Effective tax rates reflect the percentage of a person's __________ paid in taxes. Group of answer choices Disposable income Taxable income Gross Income Pretax income

Excise taxes on tobacco and alcohol and state sales taxes are often criticized for being regressive. Although everyone pays the same rate regardless of Income, why might this be so?

20. Marta purchased a sweater for $15.67, a pair of socks for $2.13, and a bracelet for $6.78. For all purchases she must pay the state sales tax of 7.5% and the county tax of 0.5%. What is the tax on her purchases?

Plz solve in 15 min it's urgent.

What is the difference between a general sales tax and an excise tax?

Which tax is the largest source of tax revenue in the United States? personal income taxes social insurance taxes corporate profit taxes value added taxes national sales taxes

What is the effect of government purchased and taxation on the level of income?

Income tax is a         a. Local tax b. Special tax c. Tax on persons d. Regressive tax e. None of the above

Using the information provided on the income tax systems in two hypothetical countries, Country A and Country B, complete the following tables.Country ACountry BTaxable Income (Dollars) Tax Liability (Dollars) Taxable Income(Dollars) Tax Liability (Dollars )20,0002,000.0020, 000$2,00040, 00010, 000.0040,000 $4,00060,00024,000.0060, 000$6,000Complete the following table by deriving the marginal tax rates in the income ranges of $20,000 to $40,000 and $40,000 to $ 60,000 for each country.Taxable Income Range Country A Marginal Tax Rate Country B Marginal Tax Rate( Dollars)(Percent)(Percent) 20,000 to 40,00040,000 to 60,000Complete the following table by deriving the average tax rates at each income level for each country.Taxable Income (Dollars)(Percent) Country A Average Tax Rate Country B Average Tax Rate(Percent )20,00040, 00060,000

List all the taxes that get reported on a BAS and IAS along with a short reference to their legislation regarding the lodgement schedule. Use the table below: BAS lodgement date Tax Item IAS lodgement date GST PAYGW PAYGI LCT WET