Bans mandatory retirement in most organization is the Age Discrimination in Employment act. As they do not protect the under 40 age.
<h3>What is
Age Discrimination in Employment Act?</h3>
In the age discrimination in the employment act, the age above the 40 years old was forbid. It does not have any regulation or protection for the age under 40, but in some of the industries it is illegal to employ the young people over the old age people.
Thus, option B is correct.
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Answer:
protects reliance, not bargains
Explanation:
The Doctrine of Promissory Estoppel aims to protect the mutual reliance that the promiser makes to the promisee while signing a contract or a deal.
It is a legal course of action in many countries which aims to safeguard the contract rules even though the Promissory Estoppel is oral in nature. Breach of trust is highly condemnable as the two parties have engaged in an agreement that centers upon a guarantee irrespective of the situation.
Answer:
The company's after-tax cost of debt is
Explanation:
Please find the below for detailed calculation and explanations:
The company's after-tax cost of debt is equal to: Bond's yield to maturity (YTM) x ( 1- tax rate). As tax rate is given, we need to calculate the YTM.
Bond's YTM is the discount rate which brings net present value of all cash flows from the bond, which are 15 annual interest payments of $60 each ( $1,000 x 6%) and face value repayment of $1,000 at maturity, equal to its current market price of $1,075. So, it is calculated as below:
( 60/ YTM) x [ 1 - (1+YTM)^-15 ] + 1,000/ (1+YTM)^15 = 1,075 <=> YTM = 5.26%.
=> The company's after-tax cost of debt is equal to: Bond's YTM x ( 1- tax rate) = 5.26% x ( 1 - 32%) = 3.58%.
State General Sales Tax is regressive.
<h3>What is a regressive tax?</h3>
A tax that is administered equally and is regressive takes a bigger percentage of revenue from low-income earners than it does from high-income earners. It is opposed to a progressive tax, which levies higher rates against high-income taxpayers.
Because it is imposed consistently in all circumstances, regardless of the taxpayer, a regressive tax has a greater negative impact on low-income individuals than on high-income individuals. Taxing everyone the same may be fair in some circumstances, but it is viewed as unfair in others. Because of this, the majority of income tax systems use a progressive schedule that taxes high earnings at a higher percentage rate than low earners, while other types of taxes are imposed consistently. Although the United States has a progressive tax system for income tax, which means that people with higher incomes pay a higher percentage of taxes each year compared to people with lower incomes, we do pay other levies that are regarded as regressive taxes. State sales taxes, user fees, and to a certain extent, property taxes are a few of them.
Thus, it is the General sales tax that is also considered a Regressive Tax.
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