Explanation:
Many people assume that when they “move up a tax bracket” every dollar they earn is taxed at a new, higher rate leading to lower take-home pay overall. Thankfully, that isn't the case. When you “move up a tax bracket” you only pay a higher tax rate on the income above a threshold.
Answer:
C. Can have a large influence on survey results.
Explanation:
Several public opinion polls conducted in America have shown that subtle differences in the way questions are worded can largely influence the results of the survey.
An example, was a public opinion poll on free speech conducted in the year 1970. Different wordings of the questions asked, produced remarkable differences in the response from respondents.
This challenge can be overcome by asking the questions in a rotational manner, or dividing the questions into two parts. Respondents are divided into two groups who are administered the questions respectively.
Answer: Please refer to Explanation
Explanation:
Classical Dichotomy refers to the idea that real variables such as income and output are independent of monetary Values. That money only helps increase transactional efficiency.
This concept separates Nominal and Real Variables by positing that Nominal Variables can be measured in dollar terms but Real Variables are measured in physical terms.
1)Which of the following give the nominal value of a variable? Check all that apply.
Remember. They should be in dollar terms.
So the answers will be,
a. The price of a beignet is $3.00 in 2011.✔️
b. Maria's wage is $27.00 per hour in 2011.✔️
c. The price of a beignet is 0.33 paperback novels in 2011❌ (NOT NOMINAL VALUE)
2. Which of the following give the real value of a variable?
Check all that apply.
Physical terms now.
a. The price of a paperback novel is 3 beignets in 2011.✔️
b. Maria's wage is 9 beignets per hour in 2011.✔️
c. The price of a paperback novel is $9.00 in 2011.❌ (NOT REAL VALUE AS IT IS IN DOLLAR TERMS)
Answer:
The principle balance after the first interest period, if the payment took place is $789,390.
Explanation:
First, we have to find out how much are you paying in interest, and since you have a 6% and the terms provided mention semi-annual installment payments, we have to turn that 6% compounded semi-annually to effective semi-annually (simply divide by 2) and that is 3%. That means that the interest ($) for 800K for the first period is equal to:
$800,000 x 0.03 = $24,000
After the first interest period, and assuming that the payment took place, the principal balance would be.
Initial Balance $800,000
Interest $ 24,000
(-) payment -$ 34,610
<em><u>Final balance $ 789,390 </u></em>
<em><u /></em>
You could do this with an amortization table, I made one for you, see the attached MS Excel file.
Best of luck.
