The full form is collateralized debt obligation
Answer:
Outstanding checks
Explanation:
One of the reasons why a cash book and a bank statement might <em>not show identical entries arise</em> from outstanding checks.
Outstanding checks are payments that have not yet been cleared and debited to the account at the bank.
In Texas, a family in the lowest 20% of income will, in a manner different from the national average,<u> pay more</u> of their income.
<h3>Why would they pay more?</h3>
Texas operates a regressive taxation system which means that the richer you are, the less percentage tax you pay.
This means that the poorer families have to pay a higher percentage than others. This is different from much of the U.S. where the poor pay less.
In conclusion, they pay more of their income.
Find out more on regressive tax at brainly.com/question/2214317.
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