Answer:
False
Explanation:
Section 508 applies to all employees. There is no discrimination i the law on the basis of job role and job descriptions. Even small businesses require section 508 compliance for their employees. It is better to comply with all the applicable laws to avoid any penalty or punishment for the organization.
According to the given statement in 10 years you will make $247.53
<h3>What precisely is compound interest?</h3>
Compounding is when you earn a return on both your savings and your interest. Assume you put $1,000 (your principal) into an account that earns 5% (rate of interest or earnings) once per year (the compounding frequency).
<h3>How does interest get compounded?</h3>
Compound interest is calculated by dividing the initial loan balance, or principal, by one plus the yearly interest rate multiplied by the number of compound periods divided by one. This will give you the total loan amount plus compound interest.
<h3>According to the given information:</h3>
Calculating Compound Interest:
FV = PV(1 + r)ⁿ
To find FV.
= 75(1.01)¹²⁰
= $247.53
in 10 years you will make $247.53.
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Answer:
The uniform amount that can be used for scholaship, every year, first being at the end of the first year is $1,745.14
Explanation:
Hi, in order to find the amount that can be used to pay for school so the balance would last forever, given that $30,000 were left in the savings account, we need to solve for A the following equation.
Where;
r1 = 7%
r2 = 5%
n = 10
PresentValue = $30,000
Everything should look like this:
So, uniform amount that could be used for the student scholarship each year, beginning at the end of the first year and continuing forever is $1,745.14
Best of luck.
Answer:
Option C- An income tax is progressive if the percentage of income paid as taxes increases as income increases.
Explanation:
Majorly, there are three types of Tax systems; these are: Progressive, regressive and proportional.
A tax in which the tax rate increases as the taxable amount increases is known as a progressive tax.
The term "progressive" refers to the way the tax rate progresses from low to high, such that a taxpayer's average tax rate is less than the person's marginal tax rate.
Also,a progressive tax is applicable to individual taxes or to a tax system as a whole; a year, multi-year, or lifetime. It is imposed with the aim of reducing the tax incidence of people with a lower ability to pay, as such taxes shift the incidence increasingly to those with a higher ability-to-pay.
Thus, an income tax is progressive if the percentage of income paid as taxes increases as income increases.