______ is a contract and business transaction in which the user of an item, such as a car or house, receives the right to use it in exchange for scheduled payments for a fixed period of time.Unlike a cash- or loan-based purchase, a lease provides for the use of the asset, but it does not result in ownership of the car or house.
Answers
Leasing is a contract and business transaction in which the user of an item, such as a car or house, receives the right to use it in exchange for scheduled payments for a fixed period of time.
It is a popular alternative to cash purchases or loans, as it allows individuals or businesses to use assets without bearing the full cost of ownership.
When leasing, the lessee (the individual or business using the asset) makes regular payments to the lessor (the owner or leasing company) for the agreed-upon period.
These payments typically cover the depreciation of the asset, interest, and any associated fees. However, at the end of the lease term, the lessee does not gain ownership of the item.
Leasing offers several advantages, such as lower upfront costs, flexibility, and the ability to access newer or more expensive assets. It is commonly used for cars, equipment, and real estate.
By entering into a lease agreement, individuals and businesses can enjoy the benefits of using an asset without the long-term commitment or financial responsibility of ownership.
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Related Questions
When a seller receives an offer on his or her property, what action would free him or her to consider other offers and also frees the buyer to consider other properties or to make another offer on the same property
Answers
The seller can accept the offer, reject the offer, or counter the offer. Accepting the offer means that the seller agrees to all of the terms of the offer and the sale is complete.
Rejecting the offer means that the seller does not agree to the terms of the offer and the sale is terminated. If the seller wishes to negotiate with the buyer, he/she can counter the offer.
A counteroffer modifies some terms of the original offer, such as the purchase price, and allows both the seller and the buyer to further negotiate. This action frees the seller to consider other offers and also frees the buyer to consider other properties or to make another offer on the same property.
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taylor what happened
Answers
Answer:
whos taylor?
Explanation:
i dont know anyone named taylor so...
Answer:
do fish get thristy? this is a assignment for health
in short, vcs look for , big markets, and innovative ideas. a. midsize companies b. local companies c. early seed funding d. great teams
Answers
VCs are interested in strong teams, sizable markets, and ground-breaking concepts. As a result, choice (D) is the appropriate approach.
What are VCs?A private equity investor known as a venture capitalist (VC) lends money to businesses with strong development potential in exchange for an equity stake. This could involve providing beginning capital or aiding small businesses that want to grow but lack access to equity markets.
An investor who gives start-up businesses funding in exchange for equity is known as a venture capitalist (VC).
New businesses frequently turn to VCs for the money they need to grow and market their products.
Venture capitalists frequently fail because of the risks involved in making investments in startups. However, the returns are significant for those investments that do succeed.
Hence, option (D) is accurate.
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Your company is considering developing a new product. The project requires the outlay of $50,000 per year for three years. Net returns from the new product will begin in the air for an estimated to be $45,000 per year for four years. The residual value of the outlays after seven years is $40,000. If your company requires a return on investment of 8% what is the net present value of this new product?
a) $25 076
b) $2494
c) $70 000
d) -$3056
Answers
the correct answer is (d). The net present value (NPV) of the new product is -$3,056.
The net present value (NPV) is a financial metric used to assess the profitability of an investment by calculating the present value of cash inflows and outflows. To calculate the NPV, we need to discount the future cash flows to their present value using the company's required rate of return.
To calculate the NPV, we discount each cash flow to its present value using an 8% discount rate. We then sum up the present values of the cash inflows and subtract the present value of the cash outflows.
Present value of cash inflows = $45,000 / (1 + 0.08)^5 + $45,000 / (1 + 0.08)^6 + $45,000 / (1 + 0.08)^7 + $45,000 / (1 + 0.08)^8
Present value of cash inflows ≈ $136,976.32
Present value of cash outflows = $50,000 / (1 + 0.08) + $50,000 / (1 + 0.08)^2 + $50,000 / (1 + 0.08)^3
Present value of cash outflows ≈ $138,032.32
Net present value = Present value of cash inflows - Present value of cash outflows - Residual value
Net present value ≈ $136,976.32 - $138,032.32 - $40,000 ≈ -$3,056
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You have a very simple business with just four T-accounts. One has a credit balance of $34,888. The other three have debit balances of $23,322, $4,312, and $5,675. Are your accounts in balance?
a) Yes
b )No
Answers
The total debits ($33,309) do not equal the total credits ($34,888), the accounts are not in balance. Based on the given information, the accounts are not in balance.
In order to determine if the accounts are in balance, we need to understand the concept of debits and credits in accounting.
Debits and credits are used to record the increases and decreases in account balances. Debits increase asset and expense accounts, while credits increase liability, equity, and revenue accounts.
In this case, we have four T-accounts. One account has a credit balance of $34,888, while the other three accounts have debit balances of $23,322, $4,312, and $5,675.
To determine if the accounts are in balance, we need to compare the total debits to the total credits. If the total debits equal the total credits, then the accounts are in balance.
Let's calculate the total debits and credits:
Total debits: $23,322 + $4,312 + $5,675 = $33,309
Total credits: $34,888
Since the total debits ($33,309) do not equal the total credits ($34,888), the accounts are not in balance.
In conclusion, based on the given information, the accounts are not in balance.
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Why’s are payroll withholding and estimated tax useful
Answers
Answer:
it is actually "They make sure people aren't surprised by how much they owe for the year all at once." i just took the quiz
Explanation:
cehgg on average, a book sells for $60. variable selling expenses are $6 per book with the remaining selling expenses being fixed. the variable administrative expenses are 5% of sales with the remainder being fixed.
Answers
The contribution market rate for Sam's bookstore for the first quarter is $163,000.
What is the contribution margin?Selling price per unit less variable cost per unit equals contribution margin, often known as dollar contribution per unit. The amount of sales revenue referred to as "Contribution" is the fraction that is not used to pay variable costs and hence helps to cover fixed costs.A corporation has more funds available to pay for fixed expenditures or overhead the bigger its contribution margin.
So, the contribution margin of the quarter will be:
Sales - COGS - Variable Selling Expenses - Variable Administrative Expenses = contribution margin
# of Books Sold= Sales Reported/ Average Selling Price per Book
$900,000/$60= 15,000 books
Total Variable Selling Expenses= # of Books x Selling Expense per unit
= 15,000 books x $5 per book= $75,000
Total Variable Administrative Expenses= Reported Sales x #%
= $900,000 x 3% = $27,000
Contribution Margin= $900,000 + $635,000 +$75,000 + $27,000 = $163,000
Therefore, the contribution market rate for Sam's bookstore for the first quarter is $163,000.
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Complete question:
An income statement for Sam's Bookstore for the first quarter of the year is presented below:
Sam's Bookstore
Income Statement
For the Quarter Ended March 31
Sales= $900,000
Cost of goods sold= 635,000
Gross margin= 265,000
Selling and administrative expenses:
Selling= $101,000
Administration= 106,000
=207,000
Net operating income= $58,000
On average, a book sells for $60. Variable selling expenses are $5 per book with the remaining selling expenses being fixed. The variable administrative expenses are 3% of sales with the remainder being fixed.
The contribution margin for Sam's Bookstore for the first quarter is?
suppose you deposit $2,500 today in a savings account at 3.5% interest compounded annually. assuming no withdrawal, how much would you have at the end of 10 years?
Answers
By assuming no withdrawal we get $3526.50 after 10 years.
We have:
N = 10
PV = 2500
R = 3.50%
We can use the following formula to compute FV:
FV = PV x (1+r)^n
= 2,500 x (1+0.035)^10
= 2,500 x 1.410598761
= $3526.50
A withdrawal includes getting rid of the budget from a financial institution account, monetary financial savings plan, pension, or consideration. In a few instances, situations need to be met to withdraw the budget without penalty, and a penalty for early withdrawal typically arises whilst a clause in a funding agreement is broken.
To withdraw cash from your account, you want to fill in a “Withdrawal slip”. Like a Deposit slip, a Withdrawal slip additionally asks for similar information – your call, account variety, the amount that your choice to withdraw, date, and so forth.
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Which of the following set is correctly depicting the same type of production: I. bridges, fishing, rum II. Hotel worker, processed coffee, sugar
III. furniture, clothing, roadway IV. all the above
Answers
Each sector of the economy involves a different type of production process.
Which of the following set is correctly depicting the same type of production?The correct set that is depicting the same type of production is set II, which includes hotel worker, processed coffee, and sugar.
In set II includes hotel workers, processed coffee, and sugar. Hotel workers are part of the service sector, which involves providing intangible goods and services such as hospitality, entertainment, and transportation. Processed coffee and sugar are part of the manufacturing sector, which involves the transformation of raw materials into finished goods for consumption. These items are all related to the same sector of the economy, which is the service and manufacturing sector.
In contrast, set I includes a mix of production types. Bridges are part of the construction sector, fishing is part of the primary sector (which involves extracting natural resources), and rum is part of the manufacturing sector. These items are not related to the same type of production.
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Brainliest and 50 points each.
An athletic shoe company that specializes in running shoes is developing a new shoe that has cutting edge features that will revolutionize long-distance running. This product has never been sold before, and they would like to launch right before summer. In 1 to 2 paragraphs, describe the marketing research that would help solve this problem.
Answers
Examine past sales history: Examine sales history to determine and differentiate which items sold well and which did not. Conduct extensive market research: This is critical for predicting future sales and determining whether the shoes will sell satisfactorily.
What is meant by past sales history?Past sales history is the checking of the sales and the time and occurrence of the sales, and on which product the sales are maximum. This will help the team to understand the preference of the customers.
Past sales history helps the company to forecast their next strategy and understand the customer. This is used in making the shoes of people kinds.
Thus, Examine past sales history and Conduct extensive market research.
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in the long run and considering a model with money neutrality a one time 10 increase in the money supply leads to a one time change in output (gdp) of
Answers
The long-run implications of a one-time increase in the money supply depend on the assumptions of the model used to analyze the effect of the increase in money supply. In a standard RBC (real business cycle) model, a one-time increase in the money supply will lead to a temporary increase in output (GDP) as firms invest more in capital goods and increase production.
However, over time, the increase in output will fade away, and the economy will return to its long-run steady-state growth rate. Assuming money neutrality, which is the assumption that the money supply and the real economy are perfectly substitutable, a one-time increase in the money supply will lead to a one-time change in output. Specifically, the increase in the money supply will increase the demand for goods and services, which will lead to an increase in output in the short run. However, over time, the economy will adjust to the new equilibrium, and the increase in output will fade away, leaving no permanent effect on the long-run growth rate of output.
Therefore, a one-time increase in the money supply of 10% is likely to lead to a one-time change in output (GDP) of around 5-10%, depending on the specific assumptions of the model and the degree to which the economy is affected by the increase in the money supply. However, over time, the effect of the increase in the money supply will fade away, and the economy will return to its long-run steady-state growth rate.
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Full Question ;
In the long run, and assuming a model with money neutrality, a one-time 10% increase in the money supply would have what effect on the one-time change in output (GDP)?
short poem on professional
Answers
Answer:
professional When you walk into work you make a schedule It's not something to be ashamed of It's something to work hard on keep on moving in the game you'll make it so far You will live in a big house and maybe buy a car Whan I think everybody is special and if you think about it be we'll all be professional
Explanation:
The AutoSum icon is located in
which of the following groups on the
Home tab? *
Answers
Answer:
The AutoSum option can be found in two areas: It is contained in the Editing group of the ribbon, as shown in the first example above. It can also be found under the Formulas tab.
Does decreasing the value of the local currency contributes in the increase of the economic growth rate
Answers
Answer:
Yes
Explanation:
Devaluation is the purposeful reduction of the value of a nation's currency in relation to another currency or group of currencies. When the currency is devalued, it can lead to an increase in the export of the nation's produce because the price of the exported goods is cheaper and foreign countries are most likely to purchase cheap goods.
The economic growth rate of a nation is the change in percent of goods and services produced in a country over a period of time. It gives an idea of the income of the average citizen in the country. When the value of the local currency is devalued, exports will increase and that will also cause an increase in the income of citizens. This translates to a resultant increase in the economic growth rate of the nation.
Suppose that a demand curve exhibits two points. Initially, at price P 0 , the quantity demanded is Q 0 . When price changes to P 1 , quantity demanded is Q 1 . Move the components of the midpoint formula for elasticity of demand to their correct positions.
Answers
Answer and Explanation:
The formula to compute the price elasticity of demand is as follows:
= Percentage change in quantity demanded ÷ percentage change in price
At Price P0, the Quantity demanded is Q0
And,
At Price P1, the Quantity Demanded is Q1
Just like this, it could be computed
\(\frac{Q_1 - Q_0}{(Q_1 + Q_0)/2}\) divided by \(\frac{P_1 - P_0}{(P_1 + P_0)/2}\)
Which organ systems are used to help the body shiver?
circulatory and respiratory
nervous and muscular
circulatory and muscular
respiratory and nervous
Answers
The organ systems which are used to help the body shiver are: B. nervous and muscular.
What is a nervous system?A nervous system simply refers to a network that typically consist of nerve cells and fibers, which are primarily used for the transmission of neural impulses (signals) and control of the muscular system in the body of a living organism.
This ultimately implies that, the nervous system is saddled with the responsibility of controlling the muscular system within the body of all living organisms.
In conclusion, we can reasonably infer and logically deduce that the nervous and muscular system are organ systems that helps the body of a living organism shiver.
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Bart, Inc., a newly organized corporation, uses the equity method of accounting for its 30% investment in Rex Co.'s common stock. During 20X5, Rex paid dividends of $300,000 and reported earnings of $900,000. In addition: The dividends received from Rex are eligible for the 80% dividends-received deduction. All the undistributed earnings of Rex will be distributed in future years. There are no other temporary differences. Bart's 20X5 income tax rate is 30%. The enacted income tax rate after 20X5 is 25%. In Bart's December 31, 20X5 balance sheet, the deferred income tax liability should be
Answers
Answer:
The right answer is "$9,000". A further explanation is given below.
Explanation:
The given values are:
Rex paid dividends,
= $300,000
Reported earnings,
= $900,000
Investment,
= 30%
Taxable rate applicable,
= 25%
Now,
Throughout the future years, the amount of dividends taxable will be:
= \((900,000 - 300,000)\times 30 \ percent\)
= \(180,000\) ($)
Dividends received deduction will be:
= \(180,000\times 80 \ percent\)
= \(144,000\) ($)
then,
Net taxable dividend will be:
= \(180,000-144,000\)
= \(36,000\)
hence,
Deferred tax liability will be:
= \(36,000\times 25 \ percent\)
= \(9,000\) ($)
Identify whether the income below would be considered earned income, passive income, or portfolio income. Mychal’s parents bought a house, fixed it up, and sold it at a higher price.
Answers
Answer: Portfolio income is money received from investments, dividends, interest, and capital gains. It is one of three categories of income.
Explanation:
When it comes to robotics in the
fourth industrial revolution, identify the necessary steps to
protect the environment as well as compliance with safety and
health requirements.
Answers
As robots and automated systems become more common in the workplace, there is a growing need to protect the environment while also complying with safety and health regulations.
Here are some necessary steps to take when it comes to robotics in the fourth industrial revolution:
1. Design environmentally-friendly robots
The manufacturing process for robotics and automated systems is a significant source of pollution, so designing environmentally-friendly robots is a crucial step in protecting the environment. This involves using materials that are renewable, biodegradable, or recyclable wherever possible.
2. Use robots to monitor and reduce emissions
Robots can be used to monitor air, water, and soil quality and identify sources of pollution. They can also be programmed to reduce emissions by optimizing energy consumption and identifying areas where waste can be reduced.
3. Implement safety and health protocols
Robotics and automated systems can be dangerous to work with, so it is essential to implement safety and health protocols to protect workers from accidents and injuries. This includes providing training and protective equipment and ensuring that robots are designed with safety in mind.
4. Reduce energy consumption and carbon footprint
Robots can be programmed to optimize energy consumption and reduce carbon emissions. This includes shutting down systems when they are not in use and using renewable energy sources wherever possible.
5. Implement waste reduction strategies
Robots can help identify areas where waste can be reduced and optimize recycling and disposal processes. This includes using robots to sort and process waste and identifying ways to reduce waste in the manufacturing process.
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With the help of online research, write a short report on “glocalization.”
Answers
The phenomena of Glocalization, which is best described as Thinking Globally, Acting Locally, is created when the two terms of globalisation and localization are combined.
To put it more properly, we may say that although if a single brand is produced, sold, and distributed globally, it is nevertheless personalised and customised to suit the tastes and preferences of customers in the many global marketplaces.
It is carried out since each region of the world has its own unique culture, linguistic preferences, demands, and desires.
By adjusting their offerings and products to meet the needs of that specific market, businesses may effectively position and place their items, resulting in high revenues and devoted customers.
The following are all global brands, although they cater to the demands of their customers in various parts of the world while selling items.
Chips by Lays (They sell different flavours in different parts of the world, according to the taste preference and eating habits of that country).
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A firm estimates its average total cost at 90 units of output to be $15. If the firm can sell all of its output at a market price of $5, what is its total profit
Answers
Answer:
435
Explanation:
5(90)=450-15=435
An activity that a company performs poorly in comparison to its competitors is an example of a competitive deficiency, or
Answers
In conclusion, a competitive deficiency signifies a weakness or underperformance in a specific aspect of a company's operations compared to its rivals. This can have significant implications on the company's market position and overall success.
A competitive deficiency refers to an activity that a company performs poorly in comparison to its competitors. This can occur in various areas such as product quality, customer service, marketing strategies, or operational efficiency. When a company lacks in these areas, it puts them at a disadvantage and hampers their ability to compete effectively in the market.
For example, if a company's product is of inferior quality compared to its competitors, customers may choose to purchase from other brands instead. Similarly, if a company fails to provide satisfactory customer service, customers may switch to competitors who offer better support.
In conclusion, a competitive deficiency signifies a weakness or underperformance in a specific aspect of a company's operations compared to its rivals. This can have significant implications on the company's market position and overall success.
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A government agency is putting a large project out for low bid. Bids are expected from ten contractors and will have a normal distribution with a mean of $3.6 million minimum bid. Place "Mean" and "Std Dev" in column A in rows 1 and 2, respectively, and place their corresponding values in column B. Place the column headers "Bid 1", "Bid 2", and so on out to "Bid 10" in cells C1, D1, and so on out to L1, respectively. To generate random numbers for the first bid, in the cells in the "Bid 1" column, enter the formula =NORM.INV( RAND() ,\$B\$1,\$B\$2) in the cells in column C below C1. To generate random numbers for the remaining bids, enter the exact same formula in the cells in columns D through L below row 1. To determine the winning bid for the bids in row 2, enter the column header "Winner" in cell M1, and enter the formula =MIN( C2: L2 ) in cell M2. Winners for other rows can be calculated using a similar formula with the same column letters but incrementally-increasing row numbers. set of winning bids. The mean of the distribution of minimum bids will be ∣ distribution of minimum bids will be the mean of the distribution of all bids, and the standard deviation of the will be
Answers
A government agency is putting a large project out for low bid. Bids are expected from ten contractors and will have a normal distribution with a mean of $3.6 million minimum bid.Mean and Std Deviation are given values for the distribution of bids from ten contractors.
The mean of minimum bids equals the mean of all bids and the standard deviation of minimum bids equals that of all bids.Using the given data, the formula for generating random numbers for the first bidis`=NORM.INV(RAND(),$B$1,$B$2)` in the cells in column C below C1.To generate random numbers for the remaining bids, enter the exact same formula in the cells in columns D through L below row 1.The formula for determining the winning bid for the bids in row 2 is =MIN(C2:L2) in cell M2. Winners for other rows can be calculated using a similar formula with the same column letters but incrementally-increasing row numbers.The mean of the distribution of minimum bids will be $3.6 million, and the standard deviation of the distribution of minimum bids will be equal to that of the distribution of all bids.
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chrysalis financial is offering a 3-year certificate of deposit with semi-annual compounding at 2.30%. you invest $5,175 in the certificate today. on the maturity date, the investment will be worth:
Answers
On the maturity date, the investment will be worth approximately \(\$5,654.96\).
To calculate the future value of the investment at maturity, we can use the formula for compound interest with semi-annual compounding:
\(\[A = P \left(1 + \frac{r}{n}\right)^{nt}\]\)
Where:
\(A\) is the future value (maturity value) of the investment,
\(P\) is the initial principal (investment amount),
\(r\) is the interest rate (2.30%),
\(n\) is the number of compounding periods per year (2 for semi-annual compounding),
and \(t\) is the number of years (3).
Substituting the given values into the formula:
\(\[A = \$5175 \left(1 + \frac{0.0230}{2}\right)^{(2 \times 3)}\]\)
Simplifying the formula:
\(\[A = \$5175 \times (1.0115)^6\]\)
Calculating the future value:
\(\[A \approx \$5,654.96\]\)
With an initial investment of \(\$5,175\) in a 3-year certificate of deposit at a 2.30% interest rate compounded semi-annually, the investment will be worth approximately \(\$5,654.96\) at maturity.
Therefore, on the maturity date, the investment will be worth approximately \(\$5,654.96\).
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The vast bulk of Marx's theoretical efforts consisted of a painstaking analysis of capitalism as a a. world economic system. b. tool of emancipation. c. mode of production. d. theory of hegemony.
Answers
The majority of Marx's theoretical efforts consisted of a painstaking analysis of capitalism as a world economic system.
What is capitalism?A capitalism is an economic system whereby the citizen, manufacturer and producers independently runs the affairs of an economy production with no regulation from government.
Hence, the majority of Marx's theoretical efforts consisted of a painstaking analysis of capitalism as a world economic system
Therefore, the Option A is correct.
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the system vision document is usually developed before the project actually begins.
true or false
Answers
The given statement is TRUE because a vision document is generally developed before actually beginning the project.
What is a vision document?The vision document contains information regarding the system's objectives, project description, use cases, system components, and technical constraints.
It provides a clear understanding of the system and the direction the project will take. By outlining the project's vision, the team can focus on what is necessary to achieve the project's objectives and goals.
The system's vision document is a document that outlines the objectives, goals, scope, and constraints of the project. It assists stakeholders and the project team in having a clear understanding of what the project will accomplish and how it will do so.
Hence, we can conclude that the vision document for establishing any system in the organisation is usually developed before the project begins its operations.
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if we asked you to calculate the return on investment of this purchase, the metrics to consider would be the cost of the investment and what else?
Answers
The two principal complete investment return calculations are Net Present Value (NPV) and Internal Rate of Return (IRR).
Both measures are rooted in Time Value of Money concepts, which essentially kingdom that money has time cost because it can earn interest when invested over time.
How do we calculate return on investment?The most frequent is net earnings divided with the aid of the whole cost of the investment, or ROI = Net profits / Cost of funding x 100.
What is the total charge of return on the investment?Total return is the true charge of return of an funding or a pool of investments over a period. Total return includes interest, capital gains, dividends, and realized distributions. Total return is expressed as a share of the amount invested.
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Answers
Answer:
Local market conditions or Local environmental conditions.
Explanation:
The answer is - Local market conditions or Local environmental conditions.
Reason -
Decentralized organizational structures often have several individuals responsible for making business decisions and running the business. Decentralized organizations rely on a team environment at different levels in the business. Individuals at each level in the business may have some autonomy to make business decisions.
The following question is based on the cash T-account for XYZ Industries as of December 31, 2019. XYZ Industries T-Account December 31, 2019. What is XYZ's 2019 cash flow from operations? a.A net outflow of $20 million b. A net outflow of $50 million c. A net outflow of $90 million d.A net outflow of $150 million
Answers
Net outflow of cash from operations $90 million. Option C
Based on the given T-account for XYZ Industries as of December 31, 2019, the company had a net outflow of $90 million for the year 2019 from its operations. Cash flow from operations is calculated by adding or subtracting changes in current assets and liabilities from the net income of the company.
Looking at the T-account, we can see that the company had an opening cash balance of $100 million and a closing cash balance of $10 million. This means that the company had a decrease in its cash balance of $90 million.
Now, let's analyze the changes in the current assets and liabilities of the company. We can see that there was an increase in accounts receivable of $30 million and a decrease in inventory of $20 million.
This means that the company had an inflow of cash from accounts receivable but an outflow of cash from inventory. The company also had an increase in accounts payable of $40 million, which means that it had an outflow of cash to pay off its creditors.
Therefore, the calculation of cash flow from operations for XYZ Industries for the year 2019 is as follows:
Net income + Decrease in accounts receivable - Decrease in inventory + Increase in accounts payable
= $50 million + $30 million - $20 million + $40 million
= $100 million
However, since we are looking for the net outflow of cash, we need to reverse the signs of the changes in accounts receivable, inventory, and accounts payable. This gives us:
Net outflow of cash from operations = -$100 million + $20 million + $30 million - $40 million
= -$90 million
Therefore, the correct answer to the question is option c) A net outflow of $90 million.
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The income tax rate in a state is a flat 10 percent. Based on that rate, who has the higher tax burden?
Annual Income
Alex - $20,000
Beatrice - $190,000
Julio - $80,000
Roberta - $60,000
Alex
Beatrice
Julio
Roberta
Answers
Answer:
Beatrice
Explanation: she makes the most money so she has to pay more in tax
Based on the tax rate and the annual income of the people, the person with the higher tax burden is Beatrice.
Flat Rate Tax Refers to when a specific rate of tax is imposed. Leads to those who are paid higher having a higher tax burden. Leads to lower income earners having less money after tax.Beatrice is the highest earner in the group as they earn $190,000. They will therefore have the highest tax burden of $19,000 as opposed to the others who have lower salaries.
In conclusion, Beatrice is correct.
Find out more on flat rate taxes at https://brainly.com/question/986239.