Answer : The new tax payment when he saves 8 % tax this year is, $3680
Explanation :
As we are given that,
Original property tax paid by a man = $4000
Percent rate of saving tax = 8 %
First we have to calculate the amount of tax he saved.
Amount of tax he saved = 
Amount of tax he saved = 
Amount of tax he saved = $320
Now we have to calculate his new tax payment when he saves 8 % tax this year.
New tax payment = Original property tax - Amount of tax he saved
New tax payment = $4000 - $320
New tax payment = $3680
Thus, the new tax payment when he saves 8 % tax this year is, $3680
Answer:
b) 4,000 + 5 x 1,000
Explanation:
The cost of 1000 items will be the total of
1). the set up cost
2). The per item cost multiplied by 1000 units
Therefore, the cost function will
=set up cost($4000 ) + cost of 1000 items( $5 x 1000)
=$4000 + $5 x 1000
<span>This would be a way to lower the money supply. By discouraging bank loans, there becomes fewer overall dollars in the hands of the general public. Fewer dollars held by people overall equals a smaller overall money supply. Bank loans to the public would be a way of increasing the money supply, in the opposite instance.</span>
Answer:
b. $40,000
Explanation:
Calculation for What additional money Carland National Bank can create
Using this formula
Additional money=Total Reserves-(Demand Deposits*Reserve requirement percentage)
Let plug in the formula
Additional money = $60,000 -( $200,000*10%)
Additional money = $60,000-$20,000
Additional money = $40,000
Therefore the additional money Carland National Bank can create will be $40,000
