Answer: $105700
Explanation:
The amount that'll be paid as the cost of the land will be calculated as:
Land purchase = $100,000
Add: Property tax = $2500
Add: Fees = $1000
Add: Grading = $2200
Total = $105700
Therefore, the amount that'll be paid as the cost of the land will be $105700
In a situation wherein Country Y has a progressive tax system for income, with no credits or deductions, a CEO earning $2.5 million per year would pay the most as a percentage of income in the country Y. Therefore, the option D holds true.
<h3>What is the significance of a progressive tax system?</h3>
A progressive tax system can be referred to or considered as a system wherein the percentage of tax to be levied increases with an increase in the total taxable income for an individual. The rates of taxation under this system are defined under percentage.
In the situation given above, when a CEO in country Y earns $2.5 million, i.e., more than any other person mentioned above, he will be the one who will have to pay the most taxes as a part of percentage of his income.
Therefore, the option D holds true and states regarding the significance of the progressive tax system.
Learn more about progressive tax system here:
brainly.com/question/12416177
#SPJ2
Answer: pay satisfaction and promotion satisfaction
Explanation:
The Job Descriptive Index is designed in order to determine the satisfaction of employees with their jobs.
Since the company's pay scale meets the industry norm but does not exceed it, and the managers tend to stay at the same job level for a long time, then the company will score low on in a JDI survey in the area of pay satisfaction and promotion satisfaction.
Option 'C' is correct
<u>Explanation:</u>
Present value of an ordinary annuity of $1
The present value of an annuity is the current value of future payments from an annuity, given a specified rate of return or discount rate.
The future estimation of cash is determined by utilizing a rebate rate. The markdown rate alludes to a financing cost or an accepted pace of profit for different speculations. The littlest markdown rate utilized in these figurings is the hazard free pace of return. U.S. Treasury bonds are commonly viewed as the nearest thing to a hazard-free venture, so their arrival is regularly utilized for this reason.
