Who pays the tax does NOT depend on who write the check to the government.
Who pays the check ultimately depend on the elasticity of supply and demand. This is because, suppliers have several ways of passing the taxes levied on them by the government to the consumers in form of increase in price of their products. But this also depend on the elasticity of the products, because if the prices are too high, some customers may decide to buy somewhere else or to go for a substitute.<span />
Answer:
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Answer:
C. to invest in stocks and make business decisions
If this question has the same set of choices like the other ones posted here, then the answer would be letter C. 529 plan- money you save.
Answer:
a) $231,468.30
b) $209,259.56
c) 9.59%
Explanation:
a) to calculate FV, n=6,I=10, pv=0 and pmt=30000
b) to calculate effect of inflation On FV
N=6, I =6 (nominal interest less inflation), pv=0 and pmt=30000
c) [(231468.30-209259.56)/231468.30]x100
