Answer:
C. Annuity B has a smaller present value than annuity A
Explanation:
Thom and josie have lived in their florida home for 15 years and it is their permanent residence. the value of their home is $350,000. Amount of their home’s value can they exempt from school taxes is $25,000 from school taxes, and $50,000 from non-school taxes.
What is School Taxes?
A specific tax designated for providing financial support to a school district is referred to as a "school district income tax." Other municipal, state, and federal taxes are not like this.
Therefore,
Thom and josie have lived in their florida home for 15 years and it is their permanent residence. the value of their home is $350,000. Amount of their home’s value can they exempt from school taxes is $25,000 from school taxes, and $50,000 from non-school taxes.
To learn more about school taxes from the given link:
brainly.com/question/21891669
The above situation is an example of shoe leather cost of inflation.
A shoe-leather cost is what people pay when they frequently visit the bank to withdraw cash to use to pay for products in the wake of intense inflationary pressure. The term "shoe-leather cost" symbolizes all costs, including time spent, bank fees, brokerage fees and transportation costs.
High inflation discourages people from keeping large sums of cash on hand because the value of money rapidly depreciates during this time. More money is kept in banks by them. Additionally, repeated price increases force people to constantly withdraw money for transactional needs. Due to this, they frequently visit their bank to withdraw cash in order to pay for goods and services. These frequent journeys degrade their shoe leather, resulting in a 'shoe-leather cost.'
To read about hyperinflation see:
brainly.com/question/1297747
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Answer:
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Explanation: