The Odyssey was written by Homer. It is one of the two major Greek epic poems that Homer wrote. This poem is about the Greek hero, Odysseus and his journey home after the city of Troy fell at the end of the ten-year Trojan War. When Odysseus leaves to fight in the Trojan War, he leaves Odysseus's son's teacher and overseer, <span>Mentor in charge of his whole household. Therefore Mentor looks after Odysseus's son during Odysseus's absence.</span>
If a taxpayer may choose to accept a reduced market rate of return on an investment to take advantage of a tax preference associated with the investment. in such case, the taxpayer will pay a/an: Implicit tax.
<h3>What is Implicit tax?</h3>
Implicit tax can be defined as the extra amount that a person pay for an assets if the owing the assets does not include any form of benefit. on the other hand it can as well be defined as the decline in the income of a person after deducting all necessary deduction such as tax in a situation were the income of the person increase.
A taxpayer that choose top accept reduced market rate of return on their investment or assets due to the benefit they want to derived for doing that will have to pay implicit tax.
Therefore this is an example of implicit tax.
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Answer:
flexible time
Explanation:
Since their work time is not fixed, these employees have flexible work time. Often, this kind of working time is deemed to be a non-financial work benefit, as most people prefer to define their own work time. Sometimes, it is debated if this is really beneficial for the employees.
Nonetheless, they do have to respect their daily work time slot,
Answer:
You can sell the bond for $1,008.78 today
Explanation:
We need to calculate current value of the bond & its coupon
Face value: $1,000
Left tenor: 20 years (= 30 years to maturity - 10 years ago)
Coupon rate: 5%
Yield to maturity: 4.93%
Total coupon to be paid every year= $1,000* 5% = $50
To calculate the current value of coupon received in every of 20 years, we use formula PV in excel or manually as below:
PV = 50/(1+4.93%)^20 + 50/(1+4.93%)^19+.... +50/(1+4.93%)^1 = $626.83
The current value of face value after 20 years = $1,000/(1+4.93%)^20 = $381.95
So the value of bond = $626.83 + $381.95 = $1,008.78