1. The supplies of the materials are abundant and can suffice the demand of
the consumers.
In the United States, people are sorted into different tax brackets so that they pay differing amounts of taxes based on their income level. Which type of tax system does this BEST demonstrate?
A. regressive
B. progressive
C. proportional
D. flat
Answer:
B. progressive
Explanation:
In a progressive tax system, the tax rate imposed on individuals and firms is based on their income levels. A low tax rate is applied to low-income earners. As income levels increases, the tax rate also increases. This means that the poor are taxed using lower tax rates compared to the wealthy.
A progressive tax system promotes equity and fair distribution of wealth. The poor have little; hence pay low taxes while the rich pay higher amounts.
Answer:
Progressive
Explanation:
Got it right on the test nun to worry about.
Which of these career clusters are most interesting to you? Check all that apply.
Business, Management, and Administration
Marketing, Sales, and Service
Finance
Government and Public Administration
Law, Public Safety, and Security
Answer:
Marketing is interesting and makes big money
Explanation:
The career clusters that are most interesting is Marketing, Sales, and Service Option(b) is correct.
What do you mean by Career clusters?Career clusters are gatherings of related sorts of work. They give you a simple method for investigating various types of occupations inside one general class.
Begin with one of the clusters like medical services or development to realize what it includes, latest things, and the various careers it offers. It's frequently more straightforward to change occupations and advance inside a career bunch. Relating to a bunch can assist you with building your career and pick qualifications like a professional education, specific preparation, or confirmations that will qualify you for a wide range of, yet related, positions.
Ventures are gatherings of organizations that have related exercises or items. Where career clusters incorporate various careers that share comparative information, abilities, and interests, enterprises incorporate numerous irrelevant careers. The career bunch/industry pages show the ventures and kinds of associations that commonly utilize laborers in each career group.
Therefore Option(b) is correct.
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The difference in income between the richest and poorest citizens is called a command economy. unemployment. private property. the wealth gap.
Answer:
the wealth gap.
Explanation:
The difference in income between the richest and poorest citizens is called the wealth gap.
This ultimately implies that, the wealth gap is the difference between the richest and poorest citizens living in a geographical location based on the level of their assets and net worth i.e assets minus their debts.
Hence, the information generated by the government based on the wealth gap of its citizens is typically used for formulating economic policies, plan and financial budgets.
The difference in income between the richest and poorest citizens is called the wealth gap.
What is wealth gap?Wealth gap can be defined as the difference in the income earned by the richest and the poorest citizen.
When a rich person earn more than a poor person this indicate a disparity in wealth distribution between the rich and the poor.
This tend to lead to what is called wealth gap based on the fact that their is no equality as the rich earn more than the poor.
Inconclusion the difference in income between the richest and poorest citizens is called the wealth gap.
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An investor wants to purchase an annuity that will pay her £80,000 per year for the next 10 years. If the constant, annual effective interest rate is 2%. How much should she be willing to pay today for the annuity? Answer to the nearest pound.
Answer:
£718,607
Explanation:
Annuities are investment opportunities that require an initial settlement and gives a series of returns of a fixed amount for a specific number of periods.
In simple terms, the question requires us to calculate the amount to be paid today (Present Value) of an annuity that pays £80,000 per year for the next 10 years.
To establish the [Present Value of the Annuity, the future Cash Flows must be discounted to the Present Value using the appropriate discount rate. In our case, we will use the annual effective interest rate of 2%.
Present Value = PMT × [ 1 - 1/(1+r)^n ÷ r ]
Where,
PMT = £80,000
n = 10
r = 2%
Therefore,
Present Value = £80,000 × [ 1 - 1 / (1.02) ^ 10 ÷ 0.02]
= £718,606.80 or £718,607
Conclusion :
She be willing to pay £718,607 today for the annuity.
1. The economic system that is most indicative of Capitalism is known as a: 1 point
a. Command Economy
b. Free Market
c. Mixed Economy
d. Fascism
Answer:
b
Explanation:
Match the questions below with the appropriate person, company or organization that would most likely ask them. There can be more than one user per question.
Should I buy into this business?
Should I sell this business?
Is this business well run?
Is this company growing satisfactorily?
Can the business afford to pay more to its employees?
Is the business paying the proper amount of income tax?
Select answers from the following (a selection can be used more than once)
An absentee owner
A potential investor
A banker
A labour union
The government
An owner
Explanation:
i don't know the answer but also I do my best!!!