The Costs of Bringing a Corporation into Existence,including Legal Fees,promoters

question 89

Multiple Choice

The costs of bringing a corporation into existence,including legal fees,promoters' fees,and amounts paid to the government are called

• A)Minimum legal capital
• B)Contributed capital
• C)Organization costs
• D)Financial leverage
• E)Prepaid expenses

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Definitions:

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.

Progressive Structure

A tax system where the tax rate increases as the taxable base amount increases, often applied to income tax.