Answer:
Proportional Tax
Explanation:
A proportional tax imposes the same flat rate (in %) on income as payable tax.
Other types of taxes are Progressive and Regressive Tax. In progressive, the higher you earn, the higher tax you pay while in Regressive, the higher you earn, the lower income tax paid and vice versa.
Answer:
The expected return that IMI can provide subject to Johnson's risk constraint is 8.5%
Explanation:
Capital Market Line (CML)
Expected return on the market portfolio, E(
) = 12 %
Standard deviation on the market portfolio, σ
= 20%
Risk-free rate,
= 5%
E(
) =
+ [ E(
) -
] × ( σ
÷ σ
)
= 0.05 + [ 0.12 - 0.05] × (0.10 ÷ 0.20)
= 8.5%
Answer:
All of the above except: Don't tell people your dog's name
Explanation:
Hope this helps!
Answer: d.$217,000.
Explanation:
Current tax laws require that 85% of Social Security Benefits be included as AGI for the year.
Debbie's Adjusted Gross Income (AGI) for the year is therefore:
= Taxable interest income + 85% of Social Security
= 200,000 + 20,000 * 85%
= 200,000 + 17,000
= $217,000
The cash collections of Durango Co. for the month of December over such given number of sales will be $212,000.
<h3>What is cash collection?</h3>
The total amount of receivables actually received by a business during a given financial period is regarded as the cash collection of the firm for such period.
Now, in the above given situation, the 40 percent cash collection amounting to $80000 from the month of November will be collected in the current month. Solving further,

So, in total the cash collection for the month of December will be computed as, 80000+132,000=$212,000.
Hence, the cash collection of Durango Co. is aforementioned.
Learn more about cash collection here:
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