Answer:
A) The first household.
Explanation:
The tax of the first household = $20,000 x 20% = $4000
The tax of the second household = $47,000 x 17.5% = $8225
The tax of the third household = $50,000 x 13% = $6500
The tax of the first household = $71,000 x 10% = $7100
A regressive tax is a tax applied uniformly, taking a larger percentage of income from low-income earners than from high-income earners. It is in opposition to a progressive tax, which takes a larger percentage from high-income earners.
<u>Hence Household A which earns the lowest income pays the highest tax</u>
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Answer:
<em>When a company makes its shares available to the public for business purposes i.e buying or trading.</em>
Explanation:
There are many set of standards that a company has to meet for make such financing. These specifications are set by various exchanges and SEC. This sort of financing enables companies to gain capital by selling their shares in the primary market.
Different investment banks are hired for this purpose. These banks endorse and set demands along with price or date etc. These banks are called underwriters while such companies are called issuers.
Answer: A ballon note
Explanation: A balloon payment mortgage is a mortgage which does not fully amortize over the term of the note, thus leaving a balance due at maturity. The final payment is called a balloon payment because of its large size. Balloon payment mortgages are more common in commercial real estate than in residential real estate.A balloon loan is a loan that you pay off with a single, final payment. Instead of a fixed monthly payment that gradually eliminates your debt, you typically make relatively small monthly payments. But those payments are not sufficient to pay off the loan before it comes due. As a result, you need to make a final “balloon” payment to pay off the remaining loan balance, and that payment may be significant.
Answer:
6
Explanation:
The following information are given about an activity
ES= 10
EF= 15
LS= 16
LF= 21
Therefore the amount of slack associated with the activity can be calculated as follows
SL= LS-ES
= 16-10
= 6
Hence, the amount of slack associated with the activity is 6
