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dedylja [7]
3 years ago
11

Which of the following usually carries the highest interest rates?

Business
2 answers:
Debora [2.8K]3 years ago
7 0

Answer:

credit cards is the correct answer.

Explanation:

AleksAgata [21]3 years ago
6 0

Answer:

What is the following?

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Jamie is single. In 2019, she reported $100,000 of taxable income, including a long-term capital gain of $5,000. What is her gro
ryzh [129]

Answer:

$17,724.50

Explanation:

The computation of the gross tax liability is shown below:

The tax schedule for 2019 year is shown below:

Tax slabs                            tax rate                          taxable amount

$0 - $9,700                       10%                                 $970

$9,700 - $39,475              12%                                 $3,573

$39,475 - $84,200            22%                                $9,839.30

$84,200 - $95,000           24%                                 $2,592

Total                                                                            $16,974.50

The capital gain tax rate is 15% (assume)

So, the capital gain is

= $5,000 × 15% = $750

So, the gross liability is

= $16,974.50 + $750

= $17,724.50

5 0
4 years ago
Suppose fairness is defined as those with the highest incomes can afford to pay a greater proportion of their income in taxes. T
Sati [7]

Answer:

c. A progressive tax on income.

Explanation:

Suppose fairness is defined as those with the highest incomes can afford to pay a greater proportion of their income in taxes. Then the following taxation systems would be consistent with this notion of fairness is a progressive tax on income.

A progressive tax is a taxing system in which the tax rate increases as the taxable amount increases.

"Progressive" as a terminology refers to the way the tax rate progresses from low to high, as income level increases.

8 0
3 years ago
A market order has: a. Price uncertainty but not execution uncertainty. b. Both price uncertainty and execution uncertainty. c.
Ipatiy [6.2K]

Answer:

The correct answer is letter "A": Price uncertainty but not execution uncertainty.

Explanation:

When talking about trading orders, a market order is executed whether to buy or sell a security at market price. The market order does not follow the security's price at the bid or ask, it usually follows the last price at which the security was sold. Thus, that <em>price is always uncertain.</em>  

The benefit of market order relies on the execution. Traders will not have to wait until another trader is willing to buy or sell at their desired level. The <em>market order will execute the order almost automatically</em> at the price the market has available.

6 0
3 years ago
A worker can choose high (H) or low (L) effort. If the worker chooses high effort, she incurs a personal cost of 1. In this case
Nitella [24]

Answer:

B. No, because for any bonus offered, the worker will claim to have exerted high effort.

Explanation:

This question required some basic reasoning about how human beings function. We all like to receive things from others, and if they are free (or without cost or effort) the more we like them. And we all believe that good things should happen to us and that we are entitled to receive good things. That is the basic reason why jealousy and envy exist.

Now, back to our case. If the company simply hands out bonuses to everyone regardless of their personal effort, every single worker will be convinced that they really deserve the bonus. Even if the worker didn't even try to do his best or didn't do anything right at all, he/she will be convinced that they deserve the bonus. Each and every single worker will claim that the reason they are receiving the bonus is due to their work. Everyone will say that they worked hard and their work was good.

Imagine this happened at school. One day, the teacher decides to give As to half the class in alphabetical order (or any other random way). The half that got the As will believe that they deserved the As while the other half will be very unhappy. If everyone got As, then everyone will be convinced that thy got As because they deserved them.

5 0
3 years ago
Tommy agrees to buy a house for $84,500. He pays $2,000 as earnest money and obtains a new mortgage loan for $67,600. The purcha
nasty-shy [4]

Answer: $17,654.97

Explanation:

In order to solve the question, the first thing to do is to count the number of days from March 15 to Dec. 31. In this case, we will have 292 days.

Then we get the daily rate which will be:

= $1,880.96/365

= $5.153.

Then, we multiply the daily rate of $5.153 by the number of days which will be:

= $5153 × 292 days

= $1,504.97.

Then, we calculate the down payment, which will be:

= $84,500 - $67,600

= $16,900

We then deduct the $2,000 that has already been paid. This will be:

= $16900 - $2000

= $14900

Adding together all the values then the total cash that Tommy must bring to the settlement will be:

= $14900 + $1,504.97 + $1,250

= $17,654.97

8 0
3 years ago
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