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Sauron [17]
1 year ago
9

Housing expenses are commonly referred to as piti. what does piti stand for?a.principal, income, taxes, investmentb.payment, inv

estment, terms, insurancec.payment, interest, terms, incomed.principal, interest, taxes, insurance please select the best answer from the choices providedabcd
Business
1 answer:
Rasek [7]1 year ago
4 0

Correct option is d : principal, interest, taxes, insurance.

Housing expenses are commonly referred to as piti. piti stand for principal, interest, taxes, insurance.

Principal, interest, taxes, insurance or in other words  PITI are the sum components of a mortgage payment. Specially, components of the mortgage payment consists of the principal amount, loan interest, property tax, as well as  the homeowners insurance and private insurance premiums mortgage.

PITI is generally quoted on the monthly basis. It  is then compared to a borrower's monthly gross income for computing the front-end and back-end ratios of any individual.

To know more about PITI here:

brainly.com/question/1395659

#SPJ4

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________ seem as a group to be mildly regressive, and ________ seem as a group to be mildly progressive.
Sever21 [200]

Answer: D) State and local taxes; federal taxes.

Explanation:

States and local taxes are seen to be mildly regressive because low income earners typically pay a higher proportion of their income when compared to the high earners.

For the federal taxes, they are seen to be mostly progressive because the higher earners pay a larger part of their income when compared to the lower earners.

5 0
3 years ago
Diamond Boot Factory normally sells their specialty boots for $26 a pair. An offer to buy 70 boots for $18 per pair was made by
xxTIMURxx [149]

Answer:

Diamond Boot Factory

Differential income per pair of boots from accepting the special order is:

= $7.00.

Explanation:

a) Data and Calculations:

Selling price of specialty boots = $26 a pair

Variable cost per boot = $9

Special offer for 70 boots at $18 per pair

Additional stitching cost = $2

Total variable cost for the special order = $11 ($9 + $2)

Revenue from the special order = $1,260 ($18 * 70)

Variable cost for the special order    770 ($11 * 70)

Differential income =                       $490 ($7 * 70)

8 0
3 years ago
Calculate the future value of $7,000 in four years at an interest rate of 8% per year.
OLga [1]

The Future value is $9523.42. Future value is the amount of money that, when invested now at an interest rate, will eventually grow to be.

<h3>What is the Future Value of Money?</h3>

Future value is the amount of money that, when invested now at an interest rate, will eventually grow to be.

Calculation of Future value

Present Value = $7,000     interest rate = 8%     Time = 4 years

FV = Future Value                PV = Present Value

FV=PV(1+i)ⁿ

FV= 7,000(1+0.8)⁴= $9,523.42

Thus, the Future Value of $7,000 for four years is $9523.42.

Learn more about Future Value here:

brainly.com/question/14860893

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4 0
2 years ago
What advice would you give someone who is having a difficult time getting along with a new boss?
vichka [17]
Give it time, be professional you are there for your job nothing else. Work is work. Home is home. It's just your boss have no feelings of bias.
7 0
4 years ago
how do I keep my little sister out of my room?? like for real, she's so fuqing annoying. coming in my room a 3am for no reason,
Cerrena [4.2K]

Answer:

to be honest this is a real problem all over the world but with my experience threaten her with something she would get in trouble for with your parents and start bothering her a bunch and going into her room for no reason

5 0
3 years ago
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