Answer:
a. FV = $1,000,000
rate = 9.7%
n = 40 periods
FVIFA = [(1 + 0.097)⁴⁰ - 1] / 0.097 = 407.9960231
annual savings = $1,000,000 / 407.9960231 = $2,451.00
b. FV = $1,000,000
rate = 9.7%
n = 30 periods
FVIFA = [(1 + 0.097)³⁰ - 1] / 0.097 = 155.4306295
annual savings = $1,000,000 / 155.4306295 = $6,433.74
FV = $1,000,000
rate = 9.7%
n = 20 periods
FVIFA = [(1 + 0.097)²⁰ - 1] / 0.097 = 55.35978429
annual savings = $1,000,000 / 55.35978429 = $18,063.65
He should take the movie theater job bc it’s closer to him and almost the same amount of money.
Answer:
Angela has not worked for her employer long enough to demand leave.
Explanation:
Since angela is approx nine month pregnant and she worked on a full time basis for the last eight month also she wants to take the off for the nine weeks so as per the family medical leave act, the problem that could be seen is that she is not worked for her also the employer is sufficient for demanding the leave
Therefore the above statement should be correct
1. <u>Proportional taxation</u> applies where the same tax rate is used no matter the level of income.
2. A <u>progressive tax structure</u> uses higher tax rates with increases in the tax base.
3. A <u>regressive tax structure</u> applies lower tax rates despite increases in the tax base.
<h3>The differences between the tax structures</h3>
The implication of the above explanations is that a progressive tax system takes a larger percentage of income from high-income groups than from low-income groups. A proportional tax system takes the same percentage of income from all income groups, while a regressive tax structure operates from the opposite angle, taking a larger percentage of income from low-income groups than from high-income groups.
Thus, one of these three tax structures may be prevalent in some countries of the world.
Learn more about the progressive, proportional, and regressive tax structures here: brainly.com/question/13701600
Think its the second one but not sure
