The Following Information (In Thousands) Is for Zháng Office Supplies

question 173

Multiple Choice

The following information (in thousands) is for Zháng Office Supplies: The total amount of liabilities to be classified as current liabilities is

• A) ¥140,000.
• B) ¥120,000.
• C) ¥300,000.
• D) ¥320,000.

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Definitions:

Personal Income Taxes

Taxes levied on the income of individuals, typically graduated so that higher income levels are taxed at higher rates.

Progressive

Describes a tax system where the tax rate increases as the taxable base amount increases, typically aimed at reducing income inequality.

Proportional

Having a constant relation in degree or number between two or more variables.

Regressive

Describing taxes or policies that take a larger percentage from low-income earners than from high-income earners.