Answer: Andrew
Given:
<span>$750- Andrew’s mutual fund every year
until the 10th year</span>
<span>$9000 – Stephanie’s mutual fund in the
10th year</span>
5%- average percent rate of return
To determine who will have the larger
mutual fund balance in 20 years, we will use the simple interest formula which
is the interest gained only on the principal.
Let X= the principal amount of Andrew’s
mutual fund after 20 years
X=(750+750(.05))*20
X =(750+37.50)*20
X=787.50(20)
X=15,750 in 20 years
<span>Let Y=principal amount of Stepanie’s mutual
fund after another 10th year</span>
Y=9000+(9000(.05)*10)
Y=9000+(450*10)
Y=9000+4500
Y=13,500
<span>X>Y so
Andrew has the greater mutual balance. </span>
A select committee in either chamber is one that specializes in certain policy areas and exists from one congressional session to the next.
Answer:
B- The ability to pay principle
Explanation:
Taxation can be defined as the involuntary or compulsory fees levied on individuals or business entities by the government to generate revenues used for funding public institutions and activities.
In this scenario, Joe earns $52,000 per year, and his income tax rate is 15%. Sally earns $75,000 per year, and her tax rate is 25%. Therefore, this income tax is based on the ability to pay principle of fairness.
The ability to pay principle can be defined as an economic principle which states that, an individual should be made to pay his or her tax based on the level of burden of a tax rate with respect to the level of income. Therefore, an individual who earns more income would pay more tax because they have the ability to pay more.
Hence, the ability to pay principle measures an individual's wealth and financial income. Just like progressive taxation, it involves charging individuals having higher incomes a higher percentage of their total income.
The accretionary wedge is like the accretionary prism and the definition of that is : *a mass of sedimentary material scraped off a region of oceanic crust during subduction and piled up at the edge of the overriding plate (source : dictionary)* and the formation is when two plates crash and one slides under the other one I believe and sand ad sediment go into the little open space between them that give you a wedge. Hope I helped.
