Question 1 5 pts To what does tax progressivity refer? (5 points) Flag this Ques

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Question 1 5 pts

To what does tax progressivity refer? (5 points)

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Question 2 5 pts

Anna's job pays $10 per hour and she works 40 hours per week. Her tax rate is 20 percent. Assuming she works 50 weeks per year, the amount she will pay in taxes is (5 points)

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Question 3 5 pts

Imagine you live in a society with progressive taxation. Your friend makes half of your salary and pays 20 percent in income taxes. Which rate most likely would be your income tax rate? (5 points)

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Question 4 5 pts

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Look at the bar graph. What kind of tax is depicted here? (5 points)

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Question 5 5 pts

Which of these is an example of indirect tax? (5 points)

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Question 6 5 pts

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Look at the graph. How does the tax shown differ from a proportional tax? (5 points)

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Question 7 5 pts

Which of these investments may pay dividends? (5 points)

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Question 8 5 pts

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Assume that the blue section (D) of the chart stands for stocks and the red (A) for mutual funds. This would most likely represent the portfolio of a (5 points)

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Question 9 5 pts

Which of the following investment plans best reflects diversification? (5 points)

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Question 10 5 pts

Rudy is a 52-year-old freelance writer who wants a short-term, low-risk investment with low liquidity. Which of these investment vehicles should he consider? (5 points)

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Question 11 5 pts

Vesna has $1,000 to invest, and she will need to have her money available in the next six months. Which product will yield her the highest interest in her time frame with no monthly fee? (5 points)

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Question 12 5 pts

Which type of credit involves a set limit based on what a consumer pays up front? (5 points)

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Question 13 5 pts

Milo has received several credit card offers. Which of the following features is the riskiest? (5 points)

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Question 14 5 pts

Interest over Four Months:

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Amun has four credit cards, each with a different interest rate. He charges $1,000 to each card in January and does not pay down any of the cards for four months. Based on the data in the chart, which two cards accrue the most amount of interest over time? (5 points)

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Question 15 5 pts

Samuel needs to decrease his expenses. To which category should he make cuts first? (5 points)

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Question 16 5 pts

Your friend's job pays $5.00 per hour and he works 20 hours per week. His tax rate is 20 percent. Assuming he works 50 weeks of the year, his yearly gross income is (5 points)

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Question 175 pts

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Gillian graphed her expenses in this pie chart to evaluate how she was spending her income. She would like to purchase health insurance, and calculates that it will cost 10 percent of her income for a year to save for the premium. How could she best shift her expenses to save 10 percent? (5 points)

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Question 18 5 pts

Jonah has a high-paying job and would like to start saving for retirement. He has evaluated his budget in order to add savings to his expenses. He has a moderate amount of debt, and he spends a great deal on housing. His utilities, transportation, and health, expenses are fixed, and he spends little on recreation or eating out. Which action is he most likely to take? (5 points)

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Question 19 5 pts

Constance will graduate within a year with her teaching certification. She has evaluated teaching jobs in four states. A teaching job in which city would result in the most disposable income in the first year? (5 points)

The amount of tax money spent on technology advancements

Explanation / Answer

Q.1 To what does tax progressivity refer? (5 points) Answer C.The relation of tax rate to income.

Q.2 Anna's job pays $10 per hour and she works 40 hours per week. Her tax rate is 20 percent. Assuming she works 50 weeks per year, the amount she will pay in taxes is

Annas total income= 10*40*50= $20000

Tax will be 20%*20000=$4000

Q3. Imagine you live in a society with progressive taxation. Your friend makes half of your salary and pays 20 percent in income taxes. Which rate most likely would be your income tax rate?

ANswer D :40%

Q4. Image is not provided

Q5. Example of indirec tax - B. Gasoline tax.

Q6 Graph is not provided.

Q7 .Which of these investments may pay dividends? Answer D. stocks

Q8 .No chart

Q9 .

Which of the following investment plans best reflects diversification? (5 points)

  

   Anser Kenya invests in stocks, bonds, and mutual funds.

  

Q10 Answer CD

Q11. Savings

Q12 Secured credit card

Q13. Variable interest rate

Q14 No chart

Q15 Entertainment

Q16 $5000

Q17

Eat out less often (pie chart not visible)

Q18

Less costly housing

Q19 Balitomore MD

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