A proportional tax is one which takes from high income people a larger fraction of their income than it takes for low income people
taxes on commodities of services which can be shifted elsewhere are usually called direct taxes
The sole proprietor is a legal entity
the influence of demand on price will be smallest on the short run
the cost of production is the most important determining factor of supply in the long run
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I believe the answer is E cuz the determining factor of the number of goods a producer is willing and able to offer at a given/certain price should be the cost of production. Cost of production can be said to be the rewards gotten from the various factors of production put into a production process or it can be said to be the price of an object determined by the sum of the costs of the resources usued it making/manufacturing it and in the long run, every factor of production is variable I. E not constant, changes. Therefore, we say, the determining factor of supply is the cost of production,makinf the right answer E.
Proportional tax is a specified percentage that individuals in a country should pay according to the amount of their income. It is usually established by the government, for example 10% of an individual's income should be paid as tax rate in a country so Mr A earns 10,000 and pays 1000 as his tax while Mr B earns 50,000 and pays 5000 as his tax rate
That answers is not correct, A proportional tax is a tax system that requires the same percentage of income from all taxpayers, regardless of their earnings.
Proportional tax is a tax in which a specified percentage of individuals incomes in a country should paid according to the amount of their income. It is usually established by the government, for example 10% of an individual's income should be paid as tax rate in a country so Mr A earns 10,000 and pays 1000 as his tax while Mr B earns 50,000 and pays 5000 as his tax rate
I think d correct answer is progressive tax ,and a good example of p.tax is d 'pay as u Earn(P.A.Y.E)
proportional tax is fixed in such a way that an increase in tax rate,will not lead to an increase in the amount subjected for taxation,unlike in progressive tax. in proportional tax,the amount of tax is in proportion to the amount subject for taxation.the rate remains consistent(i.e it does not progress from low to high or vise versa)
the answer is wrong ...A proportional tax is an income tax system where the same percentage of tax is levied from all taxpayers, regardless of their income.
The Ant is E
Saying that Cost of production is one of the reasons/effects for increase in Supply. And this is the only true statement amongst all provided in the options.
i think A is correct.
it means that the higher your income the higher you pay than that of a low income
