Progressive Tax is used when those who benefit most from the stadium bear the highest tax burden.
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What is Progressive Tax?</h3>
- Progressive taxes are levied at a higher rate as the taxable amount rises. When a tax rate progresses from low to high, it is said to be progressive.
- As a result, a taxpayer's average tax rate is lower than their marginal tax rate. The phrase can be used to describe both individual taxes and an entire tax system.
- Progressive taxes are implemented in an effort to lessen the impact of taxes on those who have a lower ability to pay because they gradually shift the incidence to those who have a higher ability to pay.
- Regressive taxes, like sales taxes, are the antithesis of progressive taxes since they require the poor to contribute a higher percentage of their income than the wealthy.
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Answer: a passive; active
Explanation:
When a person or institution is said to have a passive asset allocation strategy it means that they either trade the same assets over and over or apply the same weighting to the asset class every time. Stephen only trades medical-related stocks so is using passive allocation.
An active security selection strategy means that the person or institution constantly changes and trades the stocks in their portfolio much like Stephen does when he constantly trades stock. Stephen is therefore using an active security selection strategy.
Answer:
-0.5
Explanation:
Marginal rate of technical substitution (MRTS) refers to the rate at which the inputs are substituted for one another in a production of particular good.
Given that,
The marginal product of labor = 10
The marginal product of capital = 20
Hence,
= - 0.5
Therefore, the marginal rate of technical substitution is - 0.5.
Answer:
Salaries for her employees
Explanation
Answer:
$27,500
Explanation:
Discount points are also called mortgage points and are fees paid as prepaid interest rate on a mortgage property.
One discount point is equivalent to 1% of the loan amount.
In the given scenario a down payment of 10% was made.
Also they are pay one discount point to close.
So total down payment to be made is 10% + 1% = 11%
Amount is cash for closing = 0.11 * 250,000 = $27,500
