Illustrate one form of income included as gross income. Limit your answers to a maximum of five (5) sentences.

Q: What is multiple tax system? Write its merits and demerits

A: Taxes are defined as compulsory charges levied by the government on teh citizens.  These taxes…

Q: The income threshold used by the organization International Poverty Line for extreme poverty   a.…

A: International Poverty Line(IPL): The International Poverty Line is a guideline to measure and…

Q: Using the EEOC website, research some of the types of discrimination cases that are currently being…

A: Employment discrimination is a form of illegal discrimination in the workplace based on legally…

Q: From an international perspective, examine the taxation principles of an individual’s personal tax.

A: Capacity to pay:- The capacity-to-pay concept holds that taxes should be based on a person's ability…

Q: Diffrentiate between direct tax and indirect tax

A: Tax is compulsory payments which is made to government, There is no direct quid pro quo. or taxpayer…

Q: What are the benefits and drawbacks of ID requirements for voting?

A: Voter suppression refer to any tactic or practice that is intended to discourage or prevent certain…

Q: How do entitlements differ from welfare?

A: In economics, entitlement refers to a person's legal or contractual right to do or practise…

Q: Are the interest payments tax-deductible?

A: Interest deduction refers to the subtraction of interest payments from total taxable income by a…

Q: How much can a paid tax return preparer be penalized per violation for failure to sign tax returns…

A: Paid tax return preparers are legally required to sign the tax returns they prepare. Failing to do…

Q: Talk with some classmates about how much a family of four (two parents and two young children) in…

A: The primary issue is to gauge the annual cost of living for a family of four (two grown-ups and two…

Q: what the meaning of tax?

A: Tax is a compulsory contribution to the state's revenue that is levied by the government of each…

Q: How does the ability to discriminate correctly affect his or her earnings?

A: The law of supply and demand governs how much a product costs. In a perfect or free market,…

Q: An advantage of the Multidimensional Poverty Index (MPI) over the Human Poverty Index (HPI) is that:…

A: Multidimensional Poverty Index (MPI): At the individual level, the MPI evaluates poverty. When a…

Q: What percentage of families in the United States is classified as poor? Which demographic groups…

A: Poverty refers to the situation in which a family lacks the resources to meet basic needs such as…

Q: (a) (4 pts) Find the Gini coefficient of income inequality for the nation with income distribution…

A: The Gini coefficient once in a while called the Gini list or Gini ratio is a proportion of factual…

Q: Does the current Social Security system promote income equality? Why or why not

A: An individual is benefitted of social security from a payroll tax paid from their individual…