Order the answer to: Which of the following are based on an ability to

Custom Essays law-business-law Order the answer to: Which of the following are based on an ability to

law-business-law

Order the answer to: Which of the following are based on an ability to

Question Which of the following are based on an ability to pay? Explain.
a. Local County assesses property taxes at the rate of 1% of assessed value.
b. The university library lets all students, faculty, and staff members check out books free. Students who do not retu/n books by the due date are fined $1 for each day the book is late. Staff” members arc fined 50 cents for each day a book is late. Faculty members are not fined when they return books late.
c. The country of Lacyland assesses an income tax based on the following schedule:
Taxable Income Income Tax
S -0- to $20,000…………. 20% of taxable income
$20,001 to $60,000………. $ 4,000 + 15% of taxable income in excess of $20,000
S60,001 and above……….. $10,000 + 10% of taxable income in excess of $60,000
d. State Z imposes a 10-cent-per-gallon tax on gasoline but gives low-income taxpayers a tax credit for gasoline taxes paid.
Subject law-business-law
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