A wealthy business owner is more likely to pay a higher percentage of his or her income in taxes under progressive rate on income taxes.
what is progressive tax system?Progressive tax system refers to a tax system that increases tax rate as the taxable income increases.
For example, a progressive tax system would increase the tax rate from 3% to 20% if the income bracket of the individual increases.
Therefore this type of tax system favors individuals in lower income bracket as they pay less with respect to percentage of their income when compared to wealthy individuals
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Answer:
its citizen B
Explanation:
took the test
Your dad bought a house for you 10 years ago. He took out a $200,000 mortgage then. The mortgage has a 15-year term with monthly payments and has an APR of 8.00%. He paid monthly mortgage for 10 years or 120 months. On October 1, 2019, you became the owner of the house and started to be responsible for the rest of the mortgage payments. (Hint: If you continue with the mortgage, you will pay the monthly payment for another 60 months with the first payment due on November 1, 2019.) You are thinking about refinancing the mortgage. On October 1, 2019, how much is the balance of this mortgage?
Answer:
The answer is "$1064.90".
Explanation:
Mortgage balance after 10 years Only at end of the 10th year, we must first calculate the amount of credit outstanding.
[tex]\to PV= \$ \ 200,000\\\\\to N= 15 \times 12 = 180\\\\\to M= 10 \times 12 = 120\\\\\to R= \frac{8 \%}{12} = 0.006667\\\\[/tex]
Amount repaid = [tex]PV \times \frac{(1+r)^m -1}{(1+r)^n -1}[/tex]
[tex]= \frac{200,000 \times ((1+ 0.0066667)^{120} -1)}{(1+0.0066667)^{180} -1}\\\\= \frac{200,000 \times 1.219649054}{2.3069411}\\\\ = 105,737.34[/tex]
Amount of outstanding [tex]= 200,000 - 105,737.34[/tex]
[tex]= 94262.66[/tex]
The balance of mortgage = $94262.66
Refinancing :
[tex]\to N= 10 \times 12 = 120\\\\\to R= \frac{1.50 \%}{12} = 0.00125\\\\\to PV = 94262.66[/tex]
[tex]pmt= \frac{PV \times r}{1-(1+r)^{-n}}\\[/tex]
[tex]=\frac{94262.66 \times 0.00125}{1-(1+0.00125)^{-120}}\\\\=\frac{117.828325}{0.1392114}\\\\=846.40[/tex]
The monthly payment = 846.40
[tex]\text{Monthly savings = earlier monthly payment - current monthly payment}[/tex]
[tex]= 1911.30-846.40 \\\\= \$ \ 1064.90[/tex]
Open market operations refer to which action by a central bank?
A. Regulating the amount of money banks hold in reserve
O B. Changing the price banks pay to borrow money
O C. Buying and selling treasury securities
O D. Adjusting interest rates on stock markets
Answer:
B so it said 20 characters tooblong and dont copy th rokffkmf
Answer:
C: Buying and selling treasury securities
Explanation:
Apex, hope it helps ;)
Rebecca wants to buy a new saddle for her horse. The one she wants usually costs $600, but this week it is on sale for $490. She does not have $490, but she could buy it with $60 down and pay the rest in 6 months with 9 percent interest. Does Rebecca save any money buying the saddle this way? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Answer:
high quality and the other one is a little more than I can say is that I was just wondering if you were still going to be able to make it to the store and get some rest and feel better soon and that is why I am asking for a friend to talk to you about it when I get home
When is the right time to create a will?
Answer:
Typically, anyone can prepare a will if they are over 18 years old.
Explanation:
Explain two benefits to Walmart of setting up a joint venture to enter the Indian market
Answer:
Walmart will get more money. It will also expand their brand.
Explanation:
^
What are four important factors to remember before making a career decision?
Answer:
To make a career decision you need to focus on four really important things.
1. You should know what interests you and what do you want to keep on pursuing in the future.
2. Evaluate your skills that are you even capable of doing that work that interests you or are you suitable for some other work.
3. Work attitudes, meaning that do you really have the attitude for the work?
4. Training and Education, this means that are you qualified enough for that specific work.
Explanation:hope it helps
Becoming more efficient and minimizing start-up costs are ways to
A) Increasing net profit
B) Decreasing gross profit
C) Increasing gross profit
D) Decreasing net profit
Becoming more efficient and minimizing start-up costs are ways to Increase net profit. Thus the correct option is A.
What are startup costs?The costs involved in establishing a new firm are known as startup costs. Equipment, registration fees, insurance, and taxes are startup expenses because they are needed when a business is first started up.
The start-up costs of a business should be low as the initial level there is high risk associated with the business. To reduce the startup costs it is important to do proper research and fix a budget for particular things.
After planning and things get implemented it is important to track every operation to minimize the cost and control the functions timely to help to perform efficiently with the resources.
A business can increase its profit margins without compromising quality, sales price, or product sales by improving the supply chain, manufacturing companies, staff, and facilities used in business.
Therefore, option A is appropriate.
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A market conditions featuring many producers selling the same good is called __?
Answer:
A perfect competition market structure
Explanation:
A perfect competition market structure has many suppliers selling a homogeneous or identical product. There are no dominant sellers, meaning no supplier can influence the price. All sellers are competing against each other.
The other features of a perfect competition market structure include
There is freedom of entry and exit from the market, i.e., trade barriers do not exist.There are very many buyers.Suppliers sell identical goods.Sellers have a motive to maximize profits.Buyers are sufficient information about the market.Answer
pure competition
Explanation
multiple choice test 2.3.4: Market Structures
Would rocks make a good form of money? Explain why or why not?
Answer:
no.
Explanation:
They are to common.
Which situation most directly illustrates a possible outcome of a fiscal
policy?
A. New environmental regulations make drinking water in a city safer.
B. The government decides it is time to print a great deal of new
money
O C. Struggling farmers receive less assistance from the government.
O D. A company decides to expand its operations into several new
states
Answer:
C
Explanation:
The correct answer would be option C that says that the struggling farmers receive less assistance from the government as fiscal policies are associated with determining the expenses and taxation policies to the various sectors to regulate the direction of the economy.
There are two types of Fiscal Policy that are Expansionary and Contractionary.
Expansionary fiscal policy:
deals with an increase in spending and/ or relaxing in taxation by the government so that consumers in the economy get more money.Contractionary policy:
deals with reducing spending and/ or increasing taxation.In this case, farmers did not get assistance from the government due to reducing the amount of Federal money available for farming and farmers is an illustration of Contractionary fiscal policy.
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What are Logistics careers?
Q 19.22: Portland and Hadley operate in the same industry. Portland's sales, variable costs, and fixed costs are $1,000,000, $700,000, and $100,000, respectively. Hadley's sales, variable costs, and fixed costs are $1,000,000, $400,000, and $400,000, respectively. If each company experiences an equal increase or decrease in sales, Hadley's income will
Answer:
Go up or down by the same amount as Portland’s because both companies have equal net income
Explanation:
Here are the options to this question :
A: Go up twice as much as Hadley’s, but go down only half as much as Portland’s.
B: Go up or down twice as much as Portland’s.
C: Go up or down by the same amount as Portland’s because both companies have equal net income.
D: Go up or down half as much as Portland’s.
Income = Revenue - total costs
total costs = fixed costs + variable cost
For Portland
$1,000,000 - ($700,000 + $100,000) = $200,000
For Hadley :
$1,000,000 - ($400,000 + $400,000) = $200,000
If each company experiences an equal increase or decrease in sales, Hadley's income will increase and decrease as much as Portland's because both companies have equal net income
Claims for future collection from customers
Answer:
Accounts receivable
Explanation:
Accounts receivable is an account that records money that customers owe a business. It represents money that a business expects to collect from customers for goods and services already delivered, but payment is not yet made.
Accounts receivable are treated as currents assets. The business expects to collect the money within the financial year. Account receivables arise when the business sells goods or services on credit.
Cools are not part of the agriculture food and natural resources duster.
True
OB
False
Answer : True
Explanation:
Answer:
I think false
Explanation:
Not sure tho
The total length of your apartment is 30 feet and the total width is 20 feet. What is the total area of the apartment?
Answer:
The answer should be 600
Explanation:
30x20=600
Randall describes his job this way.
"I visit different office buildings and service heating and cooling units that are not working properly."
Which of the Construction industry careers is Randall most likely part of?
O Landscaping
O Construction
O Maintenance/Operations
O Design/Pre-Construction
Help now please
Answer:
It is most likely c
Explanation:
Answer:
The correct answer is C.
Explanation:
Randall is most likely part of Maintenance/Operations.
Hopefully, this helps! :D
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help please i have 1 hour
The current event on nutrition that I decided to study was the effects of the consumption of soybeans and proteins derived from them. For vegetarians and vegans partaking in a fit or sporty lifestyle, foods like tofu, edamame, and sliced tempeh are some of the easiest sources of protein. With plant-based diets booming in popularity, and movies like "Game Changers" swaying people towards eating less meat, I found article "Is Eating Soy Healthy or Unhealthy?" (Alina Petre, August 27, 2020) on Healthline to analyze.
In summary, soybeans and soybean derived foods are indeed rich in vitamins, protein, fiber, and antioxidants. They also contain every vital amino acid, making them a perfectly adequate if not better source of protein than red and lean meats. They may help lower cholesterol, blood pressure, blood sugar, and even improve fertility. My reaction to this was incredibly surprised. Many say that the estrogen-like compounds will have negative effects on the body, and that because foods like tofu and tempeh are processed, they might increase your risk for cancer. On the contrary, it is actually the opposite. What I found peculiarly interesting about the article is is the amount of studies saying that people who consumed diets rich in soy actually had a surprisingly lower risk for certain cancers. The only thing that really threw me off about soy was the fact that most soy crops are genetically modified, but the negative effects of that are yet to be tested.
To conclude, the things I found most peculiar or interesting were the lack of studies behind the negative effects of soy products and the amount of cancer-risk reducing properties they contained. My reaction to this article was definitely surprised, and I can't think of anything within it that I disagree with.
I hope this helps! Feel free to shorten it down or format it in a way that works best for you. :)
Answer:
all that looks right up ther
What is the message of the poem "We all need love"
Answer:
The poem talks about love and togetherness that love can bring in the lives of the human beings.
Explanation:
The poem "We all need Love" written by Maxim Muyu highlights the importance of love in the life of humans. The poem explains how 'love' can diminish bad vibes and create a whole new world of peace and brotherhood. Throughout the poem, the theme of loving each other has been highlighted. It is only by loving others that the evils like 'depression' and 'racism' can be eradicated in the society. The word 'Love' is very strong and meaningful. Love is the requirement of every individual and it helps the heart and the mind to come together.
Love is a feeling of attraction, care and affection towards someone.
An individual can either love someone or be loved by someone. Self love is very important because you need to learn to love yourself before you can extend it to someone else.The poem "We all need love" reiterate the importance of love in the family, among friends and the society. Love helps to promote unity and corporation.Existence of love promotes togetherness.
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Learning Objective 4 - Prepare Financial Statements
From the data below prepare an income statement, a statement of owner's
equity, and a balance sheet for the month ended March 31, 200x for Snow
Excursions Company.
Description
Balances on March 31, 200x
Jon Snow Capital (beg balance)
S2,000
Snow Equipment
1.000
Rent Expense
400
Accounts Payable
2,000
Fee Revenue
1.000
Cash
3,000
Utilities expense
100
Accounts Receivable
150
5
Salary expenses
200
Withdrawals
150
Answer:
150Explanation:
Motor Vehicle. is it an expense
Answer:
If you use your car for business, the Internal Revenue Service allows you to deduct this as an expense on your taxes. You have the option of deducting either the actual operating costs associated with the business use of your vehicle or taking a standard mileage deduction for each mile driven for business
Answer:
it could be
Explanation:
If you use your car for business, the Internal Revenue Service allows you to deduct this as an expense on your taxes. You have the option of deducting either the actual operating costs associated with the business use of your vehicle or taking a standard mileage deduction for each mile driven for business.
PLEASE HELP QUICKLY: (FIRST ANSWER GETS BRAINLIEST)
Alex bought a new television at Christmas. Now that same television costs $200 less than her purchase price. What does this example BEST demonstrate?
A. income risk
B. interest rate risk
C. inflation risk
Answer: С. inflation risk
Explanation:
You're welcome :)
Alex received a new television for Christmas. This is best described as inflation risk because the same television now costs $200 less than her purchase price. Option C is correct.
What is inflation risk?Inflationary risk is defined as the risk that inflation will cut down the returns on an investment by trimming purchasing power. This is basically means that the value of money at present will reduce the amount of money in the upcoming time period.
The given scenario best explains that the value of television that was purchased in Christmas, will reduce after some time, denoted the example of inflation risk.
Therefore, option C is correct.
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If consumer wealth decreases as the stock market plunges, then (3 points) there is a movement down the AD curve as price level decreased. AD shifts right and price level would decrease. AD shifts right and price level would increase. AD shifts left and price level would decrease. AD shifts left and the price level would increase.
Answer:
AD shifts left and price level would decrease.
Explanation:
If consumer wealth decreases due to a plunge in the stock market, the AD curve will shift to the left. This is because shifts to the left of the AD curve represent a reduction in demand, and if consumers are poorer, they will naturally decrease their demand.
This will in turn reduce the price level, because in a market system, prices will fall until they meet the new, lower demand, meaning that a new equilibrium price is reached.
Which is one reason why a business may want to move entirely online?
Answer:To focus on a global market
Explanation:
Focusing on a global market can help with sells and you can profit off of it.
Community colleges and vocational schools offer programs in maintenance and repair.
A
True
B.
False
Why do you think it is so important for a résumé to be free of any grammar and spelling errors?
Answer:
A reasonably competent person would make sure everything was correct. That person would want to display care, diligence and attention to detail by using correctly spelled words and proper grammar. These are all valuable traits that employers look for in an employee.
Explanation:
Answer:
It is important that your resume doesn't have grammar and spelling errors because you interviewer will see if you are a competent person and they will see that you have what it takes to do that job
Explanation:
Hope this helps
Chris Fowler borrowed $93,290 on March 1, 2018. This amount plus accrued interest at 8% compounded semiannually is to be repaid March 1, 2028. To retire this debt, Chris plans to contribute to a debt retirement fund five equal amounts starting on March 1, 2023, and for the next 4 years. The fund is expected to earn 7% per annum.How much must be contributed each year by Chris Fowler to provide a fund sufficient to retire the debt on March 1, 2025?
Answer:
$43,027
Explanation:
The computation of the amount to be contributed each year is shown below:-
Amount to be repaid on March 1, 2025 = Loan amount × (1 + Interest Semiannually )^Number of years
= $93,290 × (1 + 0.04)^20
= $93,290 × 2.191123143
= $204,409.878
Amount to be contributed = Required future value ÷ Cumulative FV factor at 7% for 5 periods of annuity due
= $204,409.878
÷ 4.75074
= $43,027
Charlene has a monthly salary of $3,410. With her present budget, Charlene has a net income that is 7% of her monthly salary. Charlene is going to reduce her net income by $125 each month and put this money towards paying down her debt. What will Charlene’s new net income be? a. $113.70 b. $176.70 c. $229.95 d. $238.70 Please select the best answer from the choices provided A B C D
Answer:
a. $113.70
Explanation:
The computation of the new net income is shown below:
= Monthly salary × net income percentage - reduced amount of net income per month
= $3,410 × 7% - $125
= $113.70
Hence, the corrected net income is $113.70
Therefore the correct option is a. $113.70
All other options are wrong hence ignored them
Answer:
a
Explanation:
Bond P is a premium bond with a coupon rate of 9 percent. Bond D has a coupon rate of 5 percent and is currently selling at a discount. Both bonds make annual payments, have a YTM of 7 percent, and have 10 years to maturity.
a. What is the current yield for Bond P and Bond D? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)
b. If interest rates remain unchanged, what is the expected capital gains yield over the next year for Bond P and Bond D?
Answer and Explanation:
The computation of the current yield for the bond P and bond D also the expected yield with related to the capital gain for the bond P and bond D should be shown in the attachment without changing the rate of interest. There are two attachments one is of final values and the other ones is of the formulas used
epreciation on the equipment for the month of January is calculated using the straight-line method. At the time the equipment was purchased, the company estimated a residual value of $4,500 and a two-year service life.The company estimates future uncollectible accounts. The company determines $13,000 of accounts receivable on January 31 are past due, and 30% of these accounts are estimated to be uncollectible. The remaining accounts receivable on January 31 are not past due, and 4% of these acc
Complete question text:
1. Depreciation on the equipment for the month of January is calculated using the straight-line method. At the time the equipment was purchased, the company estimated residual value of $4,500 and two-year service life. Equipment cost $16,000
2. The company estimates future uncollectible accounts. The company determines $13,000 of accounts receivable on January 31 are past due, and 30% of these accounts are estimated to be uncollectible. The remaining accounts receivable on January 31 are not past due, and 4% of these accounts are estimated to be uncollectible.
Account Receivable 46,400
Allowance 4,300
Answer:
depreciation expense 479.17 debit
accumulated depreciation - equipment 479.17 credit
-----
uncollectible account expense 2,236 debit
allowance for uncollectible amount 2,236 credit
Explanation:
We solve for the yearly depreciation:
(cost - residual value) / useful life
(16,000 - 4,500) / 2 = 5,750 per year
monthly depreciation: 5,750 / 12 = 479,17
--------------------
We solve for the different receivables ages:
13,000 x 40% = 5,200
46,400 - 13,000 = 33,400 not past due
33,400 x 4% = 1,336
we add them together and get 6,536
now we compare against the current allowance to determiantethe adjustment:
6,536 - 4,300 = 2,236
Explain the importance of profit to the economy.
Answer:
Explanation:
Profit is the surplus revenue after a firm has paid all its costs. ... In a capitalist economy, profit plays an important role in creating incentives for business and entrepreneurs. For an incumbent firm, the reward of higher profit will encourage them to try and cut costs and develop new products