Answer: The correct answer is choice d - regressive income tax.
Explanation: This is an example of a regressive income tax. A regressive tax is one that takes a higher percentage of tax on low income earners than on higher income earners.
George is paying 15% interest on earnings of $50,000 (7,500 / 50,000 = .15). Julia is paying 11.25% on earnings of $80,000 (9,000 / 80,000 = .1125).
Because George is paying a higher percentage of tax on a lower income this is classified as a regressive tax.
Select the most likely outcome of making only on-time minimum payments to a credit
card with a balance for an entire year?
A. Making 12 on-time minimum payments means that your credit card is completely paid off.
B. Your payments will have gone mostly towards paying interest and you will still owe the majority of the balance that you had from a year ago.
C. The credit card will reward you with a lower interest rate once you've made 12 consecutive on-time payments.
D. Your credit score will suffer because making minimum payments doesn't count as an on-time payment for the 'payment history' portion of the credit score.
The answer is "B. Your payments will have gone mostly towards paying interest and you will still owe the majority of the balance that you had from a year ago."
At the point when this happen your profile would be appear as monetarily hazardous by other money related foundation in the market.
This would make your credit score to tumble down, and would make it extremely hard for you to acquire some other type of advance later on.
When you make just the minimum installment on your credit card, you're giving yourself impermanent help. But on the other hand you're focusing on paying more in intrigue charges later. That exchange off can get you into genuine budgetary inconvenience after some time, particularly if your card charges a high interest rate.
Option B is correct.
On-time minimum payments would include the interest payment, and the majority of the credit card balance would still be outstanding.
Further Explanation:
Credit card:
Generally, Credit card is issued by financial institutes such as banks. Credit card is a plastic card that allows the cardholders to borrow the funds from the respective bank and spend the funds as per their requirements. A credit card can be used for the purchase of goods and services. Generally, a credit card has a specific limit. It is known as a line of credit (LOC). The cardholder can withdraw or use the funds up to the LOC. The cardholder has to pay the borrowed amount along with interest on the borrowed funds after a specific period of time, which is defined and stated at the time of issuing the credit card.
The outcome of making only on-time minimum payments to a credit card with a balance for an entire year:
On-time minimum payments would include the interest payment, and the majority of the credit card balance would still be outstanding.
On-time minimum payment refers to the minimum payment of the outstanding amount of the credit card balance. It includes the interest and the principle of the borrowed funds. Minimum payments consist of a minor portion of the outstanding credit card balance and majorly the interest on the outstanding borrowed funds.
When the cardholder only pays the minimum amount, the outstanding balance of the credit card would accumulate, and the bank would charge interest on the accumulated credit card balance. So, the credit card interest would increase as the cardholder would only pay the minimum amount each time, and the outstanding loan amount would accumulate, and the interest would also be accumulated.
Thus, on-time minimum payments would be mostly utilized towards the interest payment, and the majority of the credit card balance would still be outstanding. The interest would be higher because it would be calculated on the accumulated credit card balance.
Learn more:
1. Common credit card fee
https://brainly.com/question/1124275
2. Charging fee in case of credit card
https://brainly.com/question/2668305
3. Consequences of non-payment of monthly credit card payment
https://brainly.com/question/3211811
Answer details:
Grade: Senior School
Subject: Business Studies
Chapter: Money and Banking
Keywords: Credit card, Charges, Credit card charges, Credit card company, minimum payments, the entire year, entire year, 12 on-time minimum payments, ultimately paid off, towards paying interest, Majority of the balance, from a year ago, reward, owner interest rate, 12 consecutive, on-time payments, credit score, suffer, minimum fees, doesn't count, payment history, portion.
Accumulating, bulk-breaking, sorting, and assorting are _____ activities performed by channel specialists to adjust discrepancies.
Accumulating, bulk-breaking, sorting, and assorting are distribution activities performed by channel specialists to adjust discrepancies.
Explanation:Accumulating, bulk-breaking, sorting, and assorting are distribution activities performed by channel specialists to adjust discrepancies.
In the context of business, distribution refers to the process of getting products from manufacturers to end consumers. Channel specialists, such as wholesalers and retailers, engage in various activities to ensure that products are available at the right place and time.
For example, accumulating involves gathering products from multiple manufacturers and combining them into a single shipment or inventory. Bulk-breaking refers to dividing large quantities of products into smaller units to meet the needs of different customers.
Learn more about Distribution here:https://brainly.com/question/34497132
#SPJ12
Lem is looking at new cars. each one he sees has a certain trim detail across the hood which he somewhat likes at the start of the day. at the end of the day, and fifteen cars later, he really likes the detail. his opinion is influenced by the
Instead of writing a term paper, some people cheat and purchase one from a(n) ________.
Rumors of a bank failing, even if not true, can become a self-fulfilling prophecy because:
The price elasticity of demand if the price of a pint falls from $8 to $6 is
Organizations that help other organizations to sell their goods to customers are known as
For years 2010 to 2015, the computers produced and shipped in highest quantity were _____. (note: all the choices represent a kind of computer).
Can occur when the price leadership model breaks down
Answer:
mhfhgdhd
Explanation:
What are some specific liquids that have less than 80 percent water?
The largest proportion of sales handled by industrial channel members is accounted for by
The largest proportion of sales handled by industrial channel members is accounted by the following group of people or members such as the;
- Industrial distributors
- Manufacturers
- Representatives
They are the ones accounted for when it comes to largest proportion of sales.
Employee involvement and participation (eip) management is a method of management where ________.
A restaurant chain sells 220,000 burritos each day when it charges $8.00 per burrito. for each $0.50 increase in price, the restaurant chain sells 10,000 less burritos.
a. how much should the restaurant chain charge to maximize daily revenue
The concept of revenue is key to this problem. The restaurant chain should charge $10.75 per burrito to maximize their daily revenue, according to a mathematical model that factors in price increases and quantity sold.
Explanation:To solve this problem, we first need to understand the concept of revenue, which is simply price times quantity.
Initially, the price is $8.00 and the quantity is 220,000. So, the initial revenue is $8.00 × 220,000 = $1,760,000.
For each $0.50 increase in price, the quantity decreases by 10,000. This leads to a new revenue equation with every $0.50 increment.
However, this will not go on indefinitely. Revenue increases as long as the increased price outweighs the lost quantity. It will reach a peak and then start to decrease. This is where we determine the optimal price.
To find the maximum revenue, we can set up an equation for revenue as a function of the number of $0.50 increments (x). R(x) = (8 + 0.50x)(220000 - 10000x), where R(x) is revenue.
This is a quadratic function in terms of x, and its maximum value occurs at the vertex. For any quadratic function in the form ax^² + bx + c, the x-coordinate of the vertex is given by -b/2a. In this case, a = -10000 and b = 110000.
The optimal price, therefore, is $8.00 + 0.50 × (-110000/-20000) = $8.00 + $2.75 = $10.75. Thus, the restaurant chain should charge $10.75 per burrito to maximize its daily revenue.
Learn more about Revenue Maximization here:https://brainly.com/question/33395222
#SPJ11
_____ is one of the most common reasons vehicles flip over.
Final answer:
Centrifugal force, caused by inertia is one of the most common reasons vehicles flip over.. Younger drivers' incomplete brain development can affect their control of the vehicle, while older drivers may face challenges from failing eyesight and slower reflexes.
Explanation:
Passengers get thrown to the side in a car going around a corner due to a physical phenomenon called centrifugal force. This is an apparent force that is felt by passengers as the car turns, pushing them outward, away from the center of the curve. The force arises because of the passenger's inertia, which is the tendency of an object to resist changes to its state of motion. As the car changes direction, the passenger's body tries to keep moving in a straight line, so they feel pushed against the outside of the car.
Young drivers may struggle more with controlling their vehicles during turns partly because of incomplete brain development, impacting their focus and decision-making abilities. This can lead to serious automobile accidents and has become a significant concern across the country. For older drivers, factors like failing eyesight, slower reflexes, and rapidly changing traffic conditions contribute to their difficulties in navigating turns safely, which can also result in accidents.
Though acapella and flutter devices facilitate the removal of secretion they are two different devices with similar performance characterisitics but with very few differences. one of the most significant differences between them is
a. the acapella's performance is not gravity dependent while the flutter is which may be easier to use for some patients
b. the flutter's performance is not gravity dependent while acapella is which may be easier to use for some patients
c. the acapella is battery operated while the flutter is not
d. the flutter is battery operated while the acapella is not
The acapella and flutter devices are both used to help remove secretion, with the primary difference being that the acapella is not gravity-dependent while the flutter is. This means the acapella can be used in any position, offering more flexibility.
Explanation:The answer to your question is Option A. The acapella device is not gravity-dependent while the flutter device is. This means that the acapella can be used in any position, sitting, reclining, or standing, facilitating its use by patients of various mobility capabilities. On the other hand, for the flutter to work optimally, it usually needs to be held horizontally, which may require patients to maintain a certain posture while using it. The method of operation for both the acapella and flutter devices does not involve any form of power supply, such as batteries.
Learn more about acapella and flutter devices here:https://brainly.com/question/34361612
#SPJ12
Why should a student not eat or drink from laboratory equipment?
The office of management and budget is one of the most powerful agencies in washington because it __________.
A(n) ________ is an early user of a firm's product who is willing to give a testimonial regarding his or her experience with the product.
Why do markets need both adequate competition and adequate information?
Kelly and tim jarowski plan to refinance their mortgage to obtain a lower interest rate. they will reduce their mortgage payments by $56 a month. their closing costs for refinancing will be $1,670. how long will it take them to cover the cost of refinancing? (round your answer to the nearest whole number.) number of months months
It will take Kelly and Tim approximately 30 months to cover the $1,670 closing costs of refinancing their mortgage, based on their savings of $56 per month.
Explanation:Kelly and Tim Jarowski plan to refinance their mortgage to get a lower interest rate and reduce their mortgage payments by $56 a month. Their closing costs for refinancing are $1,670. To determine how long it will take them to cover the cost of refinancing, we divide the total closing costs by their monthly savings.
The calculation is as follows:
Total closing costs for refinancing: $1,670Monthly savings from reduced payments: $56Number of months to cover refinancing costs: $1,670 ÷ $56When we do the math, we get:
$1,670 ÷ $56 = 29.82 months.
Rounding to the nearest whole number, it will take Kelly and Tim approximately 30 months to cover the cost of refinancing their mortgage.
Cost of goods sold and net sales returns/allowances are both found in the
What proportion of overweight u.s. adults have maintained at least a 10% weight loss for at least a year?
National Health and Nutrition Examination Survey (NHANES) examined weight data of US adults from 1999-2006. Results showed that the proportion of overweight or obese adults that have maintained LTWLM or long-term weight loss maintenance of at least 10% for at least 1 year is 17.3 %. LTWLM of at least 10% was reported to be higher among adults whose ages ranged from 75–84 years. It was concluded also that more than one out of every six obese US adults has accomplished LTWLM of at least 10%.
Why are refillable glass beverage bottles rarely used in the united states today?
Roy makes so much money in his private tutoring business that all of his classmates start their own tutoring businesses. what is the effect of competition on the market for tutoring?
Increased competition in the tutoring market from more businesses entering can lead to better or cheaper services for students but may also reduce profits for existing businesses, potentially driving them out of the market and leading to loss of income or jobs for tutors.
Explanation:The effect of competition on the market for tutoring services can be significant. When competition increases as more classmates start their own tutoring businesses, several outcomes are possible. For one, it may encourage each tutor to improve the quality of their service or to offer more competitive pricing. This is beneficial for consumers, as they may receive better or less expensive tutoring services.
However, for the businesses, increased competition can lead to reduced profits as they may need to lower prices to attract clients. This can also drive some businesses out of the market if they cannot remain profitable. Moreover, the workers or the tutors themselves may experience a loss of income or even lose their jobs if their business is not competitive enough to survive in the new market environment.
In essence, while consumers may gain from increased competition due to improvements in quality and decreases in prices, businesses and their employees might face challenges such as reduced profits and potential job losses. Additionally, if the competition becomes too intense, it may even result in a market oversaturation, where the supply of tutoring services surpasses the demand.
Learn more about Competition in Business here:https://brainly.com/question/34153095
#SPJ3
Jill’s company pays $5000 a year for her health care costs. This is an example of a ______. a. commission b. compensation c. payment d. benefit -
The correct answer was benefit.
Jill's health care payment by her company is an example of the benefit that she enjoys as an employee of that company.
What are employee benefits in a company?Employee benefits are part of the remuneration and perks offered to an employee apart from the salary paid. Most remote jobs and industrial organization offers employee benefit.
The purpose of an employee benefit is to show that the organization cares about the overall well-being of the employees at their organization.
Therefore, we can conclude that Jill's health care payment by her company is an example of the benefit that she enjoys as an employee of that company.
Learn more about employee benefits here:
https://brainly.com/question/5754068
Answer:
D. Benefit
Explanation:
Non-seasonal products, like laundry detergents or toiletries, are likely to use a ________ pattern of advertising. indirect pulsing continuity flighting direct
Non-seasonal products are likely to use a continuity pattern of advertising to maintain consistent brand awareness and availability for consumers throughout the year.
Non-seasonal products, like laundry detergents or toiletries, are likely to use a continuity pattern of advertising. Continuity advertising involves a consistent and continuous schedule of advertising over a period of time, which is ideal for products that are used throughout the year and whose demand does not fluctuate seasonally. Instead of having high peaks of advertising efforts during specific times (flighting) or varying between no advertising and intense advertising (pulsing), non-seasonal items benefit from maintaining a steady presence in the minds of consumers.
The goal of continuity advertising is to maintain brand awareness and keep the product top-of-mind for consumers whenever they are in need of it. This pattern is different from direct-response advertising, which seeks immediate sales through a call-to-action (e.g., infomercials or print ads with coupons). It is also distinct from the serialization principle, which involves the frequent repetition of a small element to evoke infinite repeatability, often seen in the pictorial form of modern advertising.
What is the change due if a $50 bill is tendered for a charge of $9.76?
A.41.76
B.40.24
C.42.04
Due to changes in technology, a recent trend is for product or service producers to cut out intermediaries and go directly to final buyers. this is one form of __________.
commitments to make or receive payments in the future are made easier by money's function as a _____.
The commitments that are made or receive in the future that are made easier by money function if the money’s functions as a store value. Being a store value is meant to save assets in which they are deemed to be precious because of their value.
If you argue that legalized medical marijuana is working well in a neighboring state, and therefore, would work well in your state, you are arguing by