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What is sales taxes because of high-income people pay a smaller percentage of their income?
Wiki User
∙ 15y ago
Regressive.
Wiki User
∙ 15y ago
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How do you calculate sales from net income percentage?
Sales can be calculated by using net income percentage because net income is always reported as a percentage of sales. For exmaple net income of 20 is a 20% of sales so sales will be as follows: 20% sales = net income Sales = Net income / 20 * 100 Sales = 20 /20 * 100 = 100 So Sales = 100
What is the difference in percentage of income versus percentage of expense?
Income = expense + savings&investments Income = expense + savings&investments
How do I find out what my income tax percentage is?
There are many websites available online that can help you calculate your income tax percentage. It is usually based on your income and the type of income that you have.
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
Is bad debt a fixed cost expense?
No. Because it is calculated as a percentage of accounts receivable or net income it will be variable.
What type of tax is one that take a smaller percentage of income from high-income people than low-income people?
Regressive. (:
What type of tax is one that takes a smaller percentage of income from high-income people than from low-income people?
Regressive. (:
What type of tax is one that takes smaller percentage of income from high income people than low income people?
Regressive
What type of tax is one that takes a smaller percentage of income from high income people than from low income people?
Regressive.^_^=
What percentage of my monthly income should I be spending on my home rental?
The general rule is you should spend no more than half of your income on rent. The better you are doing financially, the smaller percentage of income goes towards your house/apartment.
What type of tax is one that takes a smaller percentage of income people than from low income people?
Regressive tax. E.g. value added tax
Formula for net income percentage?
Net income percentage = Net income / Revenue
How do you calculate sales from net income percentage?
Sales can be calculated by using net income percentage because net income is always reported as a percentage of sales. For exmaple net income of 20 is a 20% of sales so sales will be as follows: 20% sales = net income Sales = Net income / 20 * 100 Sales = 20 /20 * 100 = 100 So Sales = 100
discribe Engel's law of consumption?
playwrights
What is the difference in percentage of income versus percentage of expense?
Income = expense + savings&investments Income = expense + savings&investments
How do I find out what my income tax percentage is?
There are many websites available online that can help you calculate your income tax percentage. It is usually based on your income and the type of income that you have.
Should the rich have to pay a greater portion of their income in taxes than the poor why or why not?
The rich do in fact pay a higher percentage of their income in income tax, because we have a progressive income tax based on six different tax brackets, where the higher your income is the higher a percentage tax bracket you will be in. Depends on which country you're in. In the US, this is not the case.
