Interest rates would increase since the tax-exempt status of municipal bonds would lose some of its appeal and there would be less of a market for them as a result of the lower income tax rates.
When the income tax rate is reduced for municipal bonds, the value of the bonds will also decline because the tax-exempt status for the bonds will also be reduced as a result of the lower income tax rate. Additionally, it lessens the demand for municipal bonds.
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Answer:
D) a decrease in both the aged cheddar cheese and bread markets.
Explanation:
A 10% income tax increase will shift the aggregate demand curve to the left, reducing total demand. This should affect both necessities and luxury goods.
In this case, the demand curve for both aged cheddar cheese and bread will shift to the left, reducing the total quantity demanded at every price level. This will result in a lower equilibrium price for both goods.
Answer and Explanation:
The computation is shown below:
a. For the maximum amount that spend each month on mortgage payment is
= Gross annual income ÷ total number of months in a year × mortgage payment percentage
= $39,600 ÷ 12 months × 28%
= $924
b. . For the maximum amount that spend each month on total credit obligatons
= Gross annual income ÷ total number of months in a year × mortgage payment percentage
= $39,600 ÷ 12 months × 36%
= $1,188
c. Now the maximum amount spend for all other debt is
For monthly mortgage
= $924 × 70%
= $646.8
And, for mortgage debt
= $1,188 × 70%
= $831.60
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Incomplete question. The remaining part reads;
<u>Identify the sales promotion technique based on the given scenario.</u>
Answer:
<u>Loyalty Points to Customers.</u>
Explanation:
An important sales promotion technique that fits well into this technique is the sales promotion technique. This technique involves providing some incentives that motivate your aggrieved customers to reconsider coming back to you.
For example, Tara could offer her customers loyalty points which they can redeem as discounts for every pair of the new style of lightweight running shoe. By so doing, she may be able to regain the trust of her customers.
