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aalyn [17]
3 years ago
6

Bill makes $100,000 and must pay 6% income taxes. Bob, on the other hand, makes $40,000 and must pay 2% income taxes. Bill and B

ob most likely live a country with __.
A. progressive taxes
B. regressive taxes
C. proportional taxes
D. sales taxes

Marsha has a credit card and every month she charges $200, but only makes a $50 payment. Every month, the amount of interest that she is paying continues to grow. Marsha’s card most likely has ____ interest.

A. proportional
B. simple
C. executive
D. compound


An advantage to investing in a mutual fund is ____.

A. a loss in one stock means a total loss of investment
B. a gain in one stock or bond means a loss in another stock or bond
C. a loss in one stock means only a partial loss of the entire investment
D. none of these; A mutual fund is not for investments.
Business
2 answers:
Marysya12 [62]3 years ago
7 0
A, B,C,B 
hope it helps:)
bija089 [108]3 years ago
7 0

Answer: Bill and Bob most likely live a country with    C. proportional taxes.

Explanation: Proportional taxes are taxes that an individual or family pays at a fixed rate on their income. Bill and Bob most likely live in a country with proportional taxes because the tax rates are based on their income level.  


Answer: Marsha’s card most likely has D. compound interest.  

Explanation: 
Compound interest is interest that keeps adding on to the initial balance and interest. The simple way to describe compound interest is interest added on to interest because Marsha is not paying off the full amount and is adding more on each month.  


Answer: An advantage to investing in a mutual fund is C. a loss in one stock means only a partial loss of the entire investment.

Explanation: A mutual fund is an investment pool that is managed by a professional where many investors are able to purchase funds/securities that they want. There are advantages and disadvantages like any investment however when you lose some money with a mutual investment, you won’t lose it all.

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Answer: Option B

Explanation: The receiving of cash from customers will have no effect on total assets, as the amount of inventory will decrease and the amount of cash will increase by the same amount. Thus the accounting equation will remain same from such a transaction as one asset will decrease and other will increase.

Thus, from the above we can conclude that the correct option is B.

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3 years ago
In the year 2020, a divorced woman under age 50 collects $50,000 of alimony and child support as her sole source of income. The
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The available options are:

A. No contribution can be made because the woman does not have earned income

B. A contribution of up to $6,000 is permitted, but the contribution is not tax deductible.

C. A tax deductible contribution of up to $7,000 is permitted

D. A tax deductible contribution of up to $9,000 is permitted

Answer:

No contribution can be made because the woman does not have earned income

Explanation:

Unlike in the previous years before 2019, concerning divorce agreements, alimony is now declared to be no longer deductible by the payor and at the same time is considered to be a tax-free income to the recipient. In essence, this indicates that alimony is no longer qualifies as earned income and therefore, cannot be utilized to fund an Individual Retirement Account.

Hence, in this case, since it is , year 2020, the correct answer is "No contribution can be made because the woman does not have earned income."

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Answer:

d

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Oksanka [162]

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