What are the two types of taxes that working individuals pay on their earnings?
A) individual income tax and social insurance taxes
B) individual income tax and sales tax
C) payroll tax and sales tax
D) property tax and payroll tax
A
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The legal system imposes large financial penalties on firms caught violating Environmental Protection Agency guidelines. The EPA's standards program is thus an example of a
a. market-based approach to reducing pollution. b. system of emissions taxes. c. system of emissions permits. d. direct-control system enforced through the courts.
Answer the following statements true (T) or false (F)
1. You believe that a certain asset, like a business or shop, is going to be worth $100 million in five years. If the interest rate is 5%, then that asset will be worth $75 million today. 2. Other factors constant, if the interest rate is higher, the present value of a certain future amount will be smaller. 3. Joseph is considering purchasing a condo. He has the option of buying one in Midtown with a present value of $150,000 or one in downtown with a future value of $200,000. If the current market interest rate is 5 percent and he wants to buy the home with the highest future value in 5 years, he should buy the condo in downtown. 4. The current price of an asset is equal to the future value of its expected returns or income streams. 5. Stockholders of a company can benefit from either capital gains or dividends when the company is profitable