Answer:
option b) -0.35%
Explanation:
For tax rate = 40%
After after-tax cost of debt = cost of debt × ( 1 - Rate )
= 7% × ( 1 - 0.40 )
= 4.20%
For tax rate = 45%
After after-tax cost of debt = cost of debt × ( 1 - Rate )
= 7% × ( 1 - 0.45 )
= 3.85%
Therefore, the change in cost of debt = 3.85% - 4.20% = -0.35%
Hence,
Correct answer is option b) -0.35%
Lauren made an error in step 3 because she should have subtracted expenses from income.
Net income = (Total of all sources of income)- (Total of all bills and expenses)
You must subtract expenses because they are things you are <u>paying for.</u>
Answer:
the answer is as follows
Explanation:
First of defining real wages is a cumbersome process. The living wage calculator developed by MIT professor Amy Glasemeier in 2004 eased the way a little but that too has it's issues.
The paper you are trying to write should start with this that how the idea of living wages is in itself difficult to be adopted as it is. Second the free market approach has been more successful in the economic history and a lot of evidence and data is available on that. The analysis that your paper will develop should outline the concerns that mainstream economists have regarding living wages and support it with some actual data.
The presentation would be rather easy after writing the paper. Which will include some graphs and data and some scholarly citations and it should work.
FOR:
- increased income for workers
- more workers attracted to the workforce
- less strain on federal resources for those in poverty
Against
- more costly for businesses
- possible unemployment due to job automation
- higher prices for consumers.
Here are some basic arguments. You will need to explain these a bit more for your assignment though.
