Supporters of the progressive system claim that higher salaries enable affluent people to pay higher taxes and that this is the fairest system because it lessens the tax burden of the poor. ... Taxes do not discourage high earners from earning more, and the low tax rate encourages the poor to strive to earn more.
Sheila Recognized gain is 
Jacob Recognized gain is 
<u>Solution:
</u>
Sheila’s Sale:
Amount noticed 
Fixed basis 
-------------
Gain 
Recognized Gain =
Jacob’s Sale:
Amount noticed 
Fixed basis 
-------------
Gain 
Recognized Gain = $8000
The $40,000 profit base of Jacob is same as the adjusted basis of Elane.
Answer:
1. Apartment Information Vendor
Explanation:
<u><em>Those persons who involve in the business of claiming, charging, demanding, receiving, etc information regarding location and availability of real property, including apartment housing, which may be rented, leased, shared as a private residence or place of residence is known as </em></u><em>Apartment information </em>vendor. <em>It is the responsibility of licensees to get understand the law of Apartment Information Vendors License which is specified in section 190.1 of this Part and a completely executed separate escrow agreement as specified in subdivision (d) of this section.</em>
Answer:
Total contribution margin= $210,100
Explanation:
Giving the following information:
Sales $ 413,000
Cost of goods sold (all variable) $ 169,100
Total variable selling expense $ 20,700
Total variable administrative expense $ 13,100
<u>The contribution margin is the result of deducting from sales, all variable expenses:</u>
Total contribution margin= 413,000 - 169,100 - 20,700 - 13,100
Total contribution margin= $210,100
Answer:
If the coupon interest rate is 4.375% for the first six months and changes to a rate equal to the 10-year Treasury bond rate plus 1.3% thereafter, the bond is called a floating-rate bond.
True
The contract that describes the terms of a borrowing arrangement between a firm that sells a bond issue and the investors who purchase the bonds is called the INDENTURE.
When are issuers more likely to call an outstanding bond issue?
- When interest rates are lower than they were when the bonds were issued
A bond is basically corporate debt, a lot of IUOs. Imagine that you need money to buy something and since you are in a rush you use your credit card that charges a 15% interest rate. Lets say you spent $5,000, and 15% of that is $750. After things settle down and you are not in a rush anymore, you realize that there are other lending options. So you go to your bank and find out that you can get a 2 year loan at a 6% interest rate. Any reasonable person would get the loan and pay the credit balance in order to save interest charges.
The same happens to corporations that borrow money, but if the interest rate decreases, they will be willing to refinance the old loan that charges a high interest rate with a new loan that charges a lower interest rate.
