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3 years ago

List some ways (at least two (2)) to get money INTO your checking account.

1 answer:

5 0

Go to work, and cash your check.
Explanation:
Once you get money by working you need to go cash your check then you are able to get money into your checking account.

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As the economy declines into recession, the collection of personal income tax revenues automatically falls. this phenomenon best

abruzzese [7]

This phenomenon best illustrates how a progressive income-tax system serves as an automatic stabilizer for the economy.

<h3>What is an automatic stabilizer?</h3>

Automatic stabilizers are stabilizers that adjust the economy automatically without the intervention of external agents . Examples include progressive tax and transfer payments. A progressive tax is a tax structure where those who earn higher income are taxed more and those that earn less pay less amount of tax.

In an expansion, progressive tax increases the tax paid and this reduces disposable income. In a recession, tax paid is reduced and this increases disposable income

Here are the options:

increases crowding out in the economy

decreases real interest rates in the economy

offsets the timing problem for fiscal policy

Serves as an automatic stabiler for the economy

To learn more about taxes, please check: brainly.com/question/25311567

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8 0

2 years ago

What is the amount of income you should save for an emergency fund.

ZanzabumX [31]

Answer:

Depending on your income I recond 15% of every paycheck but put it to the emergency funds.

Explanation:

3 0

2 years ago

Prescott Bank offers you a five-year loan for $55,000 at an annual interest rate of 7.25 percent. What will your annual loan pay

Studentka2010 [4]

Answer:

Annual loan payment = $13,146.78

Explanation:

<em>Loan Amortization: A loan repayment method structured such that a series of equal periodic installments will be paid for certain number of periods to offset both the loan principal amount and the accrued interest.</em>

The monthly equal installment is calculated as follows:

Monthly equal installment= Loan amount/Monthly annuity factor

Monthly annuity factor

=( 1-(1+r)^(-n))/r

r- Monthly interest rate (r)

= 7.25%/12= 0.604 %

n- Number of months ( n) in 5 years

= 12* 6 = 60

Annuity factor

= ( 1- (1.00604)^(-60)/0.00604= 50.2024

Monthly installment= 55,000 /50.2024 = $1,095.56

Monthly installment = $1,095.56

Annual loan payment = monthly installment × 12

Annual loan payment =$1,095.56 ×12=13,146.78

Annual loan payment = $13,146.78

6 0

3 years ago

Howard Corporation issued a 20-year mortgage note payable on January 1. On December 31, the unpaid principle balance will be rep

lubasha [3.4K]

Answer:

c. a long-term liability.

Explanation:

Short term liabilities are those liabilities which need to be paid within one year time and Long term liabilities are those liabilities which need to be paid after one year time.

In this question on December 31, Howard Corporation need to pay the principal in 19 years from now, as it it a long period, so amount of principal will be classified as a long-term liability.

3 0

4 years ago

A firm in the market for designer jeans has some degree of monopoly power. the demand curve it faces has a price elasticity of d

Pavlova-9 [17]

Answer:

$86.67 is the profit maximizing price for the monopolist

Explanation:

In order to find the profit maximizing price for the monopolist using its price elasticity and marginal cost we have to use the formula

Price= Marginal cost* (elasticity/elasticity+1)

Marginal cost = $65.0065

Elasticity = -4

Price = 65.0065 *(-4/-4+1) = 65.0065*(-4/-3)= 86.67

5 0

3 years ago