Answer:
A License
Explanation:
Riley obtains permission from Saga Company to use the firm's game app on Riley's smartphone, tablet, and other mobile device. But Riley does not obtain ownership rights in the app. This is a license. When any organization gives its rights to another firm under this type of contract, the ownership rights always remain with the parent company and licensee can't have ownership rights in any way, they can use only the name and products of that parent company to the customers, but ownership held with the parent company. For example, when Burger King and Pizza Hut gives the right to make and sell their products all over the world, the ownership rights are always reserved with the Burger King and Pizza Hut.
Answer:
Option C- An income tax is progressive if the percentage of income paid as taxes increases as income increases.
Explanation:
Majorly, there are three types of Tax systems; these are: Progressive, regressive and proportional.
A tax in which the tax rate increases as the taxable amount increases is known as a progressive tax.
The term "progressive" refers to the way the tax rate progresses from low to high, such that a taxpayer's average tax rate is less than the person's marginal tax rate.
Also,a progressive tax is applicable to individual taxes or to a tax system as a whole; a year, multi-year, or lifetime. It is imposed with the aim of reducing the tax incidence of people with a lower ability to pay, as such taxes shift the incidence increasingly to those with a higher ability-to-pay.
Thus, an income tax is progressive if the percentage of income paid as taxes increases as income increases.
Answer:
The bank is holding $19.5 million in excess reserves.
Explanation:
If the bank has $300 million is deposits and the reserve ratio is 8.5% then the bank needs to have minimum reserves of 8.5% of 300 million so the minimum reserves are 0.085*300 million = 25.5 million
How ever the actual reserves of the bank is the difference between deposits and loans. The deposits are 300 million and loans are 255 million so the actual reserves are 300 million-255 million= $45 million
Excess reserves is the difference between the actual reserves and the minimum reserves so 45 million - 25.5 million = 19.5 million.
Answer:B. Governments
Explanation: Because first and foremost the taxes that are required form the people who are working becomes the property of the government and therefore this money must be allocated well in infrastractures such as roads and national literacy such as education.
