To help open up a jewelry store, Ann borrowed money from a bank.
She took out a personal, amortized loan for , at an interest rate of , with monthly payments for a term of years.

For each part, do not round any intermediate computations and round your final answers to the nearest cent.
If necessary, refer to the list of financial formulas.
(a) Find Ann's monthly payment.
(b) If Ann pays the monthly payment each month for the full term, find her total amount to repay the loan.
(c) If Ann pays the monthly payment each month for the full term, find the total amount of interest she will pay.

Answers

Answer 1

(a) Ann's monthly payment: $133.33

(b) Ann's total amount to repay the loan:$8000

(c) The total amount of interest Ann will pay:-$12000

What is amortized loan?

A loan that has planned, monthly payments that are applied to both the principle and interest accrued is known as an amortized loan.

To solve this problem, we need to use the following formula for an amortized loan:

[tex]Monthly\ payment = (Interest rate / 12) * Loan\ amount / (1 - (1 + (Interest \ rate / 12))^(-Term * 12))[/tex]

(a) Find Ann's monthly payment:

Substituting the given values into the formula, we get:

[tex]Monthly\ payment = (0.08 / 12) * 20000 / (1 - (1 + (0.08 / 12))^(-5 * 12))\\\\Monthly\ payment = 133.33[/tex]

Therefore, Ann's monthly payment is $133.33.

(b) Find Ann's total amount to repay the loan:

The total amount to repay the loan is equal to the sum of the monthly payments over the term of the loan. Since Ann's monthly payment is $133.33 and the term of the loan is 5 years, the total amount to repay the loan is equal to $133.33 * 5 * 12 = $8000.

(c) Find the total amount of interest Ann will pay:

The total amount of interest Ann will pay is equal to the total amount to repay the loan minus the loan amount. Since Ann's total amount to repay the loan is $8000 and the loan amount is $20000, the total amount of interest Ann will pay is equal to $8000 - $20000 = -$12000.

Note that the total amount of interest Ann will pay is a negative number because the loan amount is greater than the total amount to repay the loan. This means that Ann will end up paying less than the loan amount due to the amortization of the loan.

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Related Questions

Plot the complex number on the complex plane and write it in polar form and in exponential form.

19+19i

Answers

After solving the equation the complex number 19 + 19i.

What is polar form?

In mathematics, polar form is a way of representing a complex number in terms of its magnitude (the distance from the origin to the point on the complex plane) and its argument (the angle formed by the positive x-axis and the line connecting the origin to the point on the complex plane).

To plot the complex number 19 + 19i on the complex plane, you can represent it as a point with coordinates (19, 19). The complex plane is a two-dimensional coordinate system in which the x-axis represents the real part of a complex number and the y-axis represents the imaginary part.

The complex number 19 + 19i can also be written in polar form and in exponential form.

In polar form, a complex number is represented by its magnitude (the distance from the origin to the point on the complex plane) and its argument (the angle formed by the positive x-axis and the line connecting the origin to the point on the complex plane).

The magnitude of the complex number 19 + 19i is:
magnitude = √(19^2 + 19^2)
= √(361 + 361)
= √(722)
= 27

The argument of the complex number 19 + 19i is:
argument = atan2(19, 19)
= 45°

Therefore, the complex number 19 + 19i can be written in polar form as:
19 + 19i = 27 * cis(45°)

In exponential form, a complex number is represented as the product of its magnitude and the complex exponential cis(θ), where θ is the argument of the complex number.
Therefore, the complex number 19 + 19i
Polar form is usually written as:
r * cis(θ)
where r is the magnitude of the complex number and θ is the argument, expressed in radians.

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At the beginning of the year, Harper had $30 in savings and saved an additional $10 each week thereafter. Stella started the year with $45 and saved $7 every week. Let H represent the amount of money Harper has saved t weeks after the beginning of the year and let S represent the amount of money Stella has saved t weeks after the beginning of the year. Write an equation for each situation, in terms of t, and determine the number of weeks after the beginning of the year until Harper and Stella have the same amount of money saved.

S=__

H=___

Answers

The number of weeks after the beginning of the year until they have the same amount of money in 5 weeks.

What is a linear equation?

An equation that has the highest degree of 1 is known as a linear equation. This means that no variable in a linear equation has an exponent of more than 1. The graph of a linear equation always forms a straight line.

A linear equation can be written as:

y = mx + b, where m is the slope and b is the y-intercept.

Given, the linear equations H and S can be written as follows by defining t as the number of weeks since the beginning of the year:

For Harper,  H = 30 + 10t ................ (i)

For Stella, S = 45 + 7t .......... (ii)

To find out how much they had when they had the same amount is our next step.

This means that we must address:

H = S

From eq (i) and (ii), we get

or, 30 + 10t = 45 + 7t

or, 10t - 7t = 45-30

or, 3t = 15

or, t = 5

So they have the same amount of money in week 5.

Hence, H = 30 + 10t and S = 45 + 7t

Answer: 5 weeks

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A like passes the rough the point (-8,-9) and has a slope of 5/4. Write an equation in slope- intercept form for this line

Answers

Answer:

y=5/4x+1

Step-by-step explanation:

slope intercept form is y=mx+b

M- slope

B- y intercept

We already know slope

y=5/4x+b

To find b we fill in the coordinates we know (-8,-9)

-9=5/4(-8)+b

-9=-40/4+b

-9=-10+b

+10 +10

1=b

Now. We fill it in

y=5/4x+1

Hopes this helps please mark brainliest

Find the quotient of x^2-9x+20 and x-5

Answers

Answer: x-4

Step-by-step explanation:

[tex]\displaystyle\\\frac{x^2-9x+20}{x-5}=\\\\\frac{x^2-5x-4x+20}{x-5} =\\\\\frac{(x^2-5x)-(4x-20)}{x-5} =\\\\\frac{x(x-5)-4(x-5)}{x-5}=\\\\\frac{(x-5)(x-4)}{x-5} =\\\\x-4[/tex]

During a fireworks display, a shell is shot into the air with a velocity of 58 m/s, its height in meters after t seconds is given by y=58t-20t^2
Find velocity when t=0.5

Answers

The velocity of a shell shot into the air with a velocity of 58 m/s, its height in meters after t seconds is given by y=58t - 20t² is 38 m / s.

What is velocity?

When anything is moving, its velocity tells us how quickly that something's location is changing from a certain vantage point and as measured by a particular unit of time.

If a point moves along a path and covers a certain distance in a predetermined amount of time, its average speed over that period of time is equal to the distance covered divided by the travel time. A train traveling 100 kilometers in two hours, for instance, is doing it at an average speed of 50 km/h.

Given:

Height equation, y = 58t - 20t²,

The time, t = 0.5 seconds,

The initial velocity, u = 58 m/s,

Calculate the height at 0.5 sec,

y = 58 × 0.5 - 20 × 0.5²

y = 24 m

Calculate the acceleration at 0.5 sec by using the motion equation given below:

[tex]s = ut+1/2at^2[/tex]

24 = 58 × 0.5 + 1 / 2 × a × 0.5²

-5 = 0.125 × a

a = - 40 m / s²

Calculate the velocity by using the formula given below,

[tex]v = u + at[/tex]

v = 58 + (-40) × 0.5

v = 38 m /s

Therefore, the velocity of a shell shot into the air with a velocity of 58 m/s, its height in meters after t seconds is given by y = 58t - 20t² is 38 m / s.

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Select the graph for the solution of the open sentence. Click until the correct graph appears. |x| + 3 > 3

Answers

The graph for  |x| + 3 > 3 is attached below.

What is open sentence?

It is unknown if a mathematical sentence is true or false since it uses variables, which is known as a "open sentence" in mathematics. On the other hand, a closed sentence is a mathematical statement that is known to be either true or untrue.

Given:

|x| + 3 > 3

|x| > 3- 3

|x| > 0

Now, The open sentence is an absolute inequality, so we start by analyzing the inequality sign > 0 means that, the x-values of the inequality is not less than 0.

So, the shaded area of the graph are: x >0 then right side of the graph is shaded.

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Convert 110 kilograms to pounds. (1 kilogram = 2.204 pounds)

Answers

1 kg = 2.204 pounds
110 kg = x pounds,
Cross multiplying, we get:
1*x = (2.204)(110)
X = 242.44 pounds.
Therefore, 110 kg = 242.44 pounds.

110 kilograms is equal to 242.44 pounds.

To convert kilograms to pounds, you can use the conversion factor:

1 kilogram = 2.204 pounds.

Given that you want to convert 110 kilograms to pounds, you can multiply 110 by the conversion factor:

110 kilograms x 2.204 pounds/kilogram = 242.44 pounds

Therefore, 110 kilograms is equal to 242.44 pounds.

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Find using Function Notation

Given the f(x) graph below, find the value of each expression.

Find f(0)

Find f(x) = -3

Answers

The set of all x for which the f(x) graph crosses the x-axis is the solution of f(x) = 0. The set of all x for which the graph of f is strictly above the x-axis is the solution of f(x) > 0

What is function notation?A simple and clear approach to write functions is in function notation. When we use function notation, the independent variable (often x) and the dependent variable (often F) for a function are both listed (x).A function provides an output after receiving an input. When writing a function, the name of the function is written as f (x) f(x) f(x)f, left parenthesis, x, right parenthesis, f, x is the input variable, and f (x) f(x) f(x)f, left parenthesis, x, right parenthesis, f is the output.a set of symbols that are used to represent unique objects. Example: "" stands for "infinity" in mathematical notation. Numerous symbols are used in mathematics.

Given data :

f(0) =

The set of all x for which the graph of f is strictly above the x-axis is the solution of f(x) > 0

f (x) = -3

x = − 3 is a vertical line that crosses the -axis at -3. y = 3 is a horizontal line that crosses the -axis at 3. y = − 3 is a horizontal line that crosses the -axis at -3.

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A water tank initially contained 55 liters of water. It is being drained at a constant rate of 2.5 liters per minute.
How many liters of water are in the tank after 2 minutes? Round answers to the nearest whole liter.

Answers

Answer:

50 liters

Step-by-step explanation:

2.5 liters drained per minute x 2 minutes = 5 liters drained total

(2.5 x 2 = 5)

55 liters at the start - the 5 liters drained = 50 liters remaining

(55 - 5)

whole equation would be

55 - (2.5 x 2) = 50

Luke is completing a science experiment at home. He bought two hibiscus plants for his experiment. One of the plants was 5 cm tall. Each week he measured and recorded the
height of the plant, H, in cm. After collecting data for several weeks, he determined that the height of the plant, H, in cm, could be represented by the function H (t) = 5 +0.5t,
where t is the number of weeks since he purchased the plant.
Part A
What is the value of H(4)?
Part B
What does H (2) = 10 mean in this situation?
The height of the plant was 2 cm after 10 weeks.
The height of the plant was 7 cm after 4 weeks.
The height of the plant was 4 cm after 7 weeks.
The height of the plant was 10 cm after 2 weeks.

Answers

a) The numeric value at t = 4 is of H(4) = 7.

b) The meaning of the numeric value H(2) = 10 is given as follows:

The height of the plant was 10 cm after 2 weeks.

What is the meaning of the function?

The function in this problem has the definition presented as follows:

H(t) = 5 + 0.5t.

The variables of the function are given as follows:

t is the number of weeks.H(t) is the height after t weeks.

The numeric value at t = 4 is calculated replacing the lone instance of t in the function by 4, as follows:

H(4) = 5 + 0.5(4) = 5 + 2 = 7 cm.

H(2) = 10 means that when t = 2, H(t) = 10, that is, after 2 weeks, the height is of 10 cm, and thus the last option is correct.

(considering the interpretation of each variable).

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Brad invested $2,500 in an account earning 3.4% annual interest that is compounded semi-annually. How long will it take the investment to triple?

(Round your answer to the nearest hundredth.)

Answers

The time needed for the investment to triple is approximately 32.59 years.

What is the time taken for the investment to triple?

The compound interest formula can be expressed as;

A = P(1 + r/n)^(n*t)

Where A is accrued amount, P is principal, r is interest rate, t is time elapsed.

Given the data in the question;

Principal P = $2,500Accrued amount A = tripled = 3 × $2,500 = $7,500Interest rate r = 3.4%Compounded semi-annually n = 2Time t = ?

Plug the given values into the above formula and solve for t.

A = P(1 + r/n)^(n*t)

t = In( A/P) / n[In( 1 + r/n ) ]

t = In( 7500 / 2500) / (2[In( 1 + 3.4%/2 ) ])

t = In( 7500/2500 ) / ( 2[In( 1 + 0.017 ) ]

t = 32.59 years

Therefore, the required time for the investment to $7,500 is is 32.59 years.

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Measures of Central Tendency ->
Barry has scores of 93, 84, 86, and 75. He wants to raise the mean to 86.
what is the answer?

Answers

Measures of Central Tendency

A central tendency in statistics is a typical or centralised value for a probability distribution. Measures of central tendency are commonly referred to as averages in everyday speech. In the late 1920s, the phrase "central tendency" first appeared. The arithmetic mean, the median, and the mode are the three most used measurements of A central tendency in statistics is a typical or centralised value for a probability distribution. Measures of central tendency are commonly referred to as averages in everyday speech. In the late 1920s, the phrase "central tendency" first appeared. The arithmetic mean, the median, and the mode are the three most used measurements of central tendency.

[tex]\text { Mean }=\frac{\text { sum of all the numbers }}{\text { how many numbers there are }}[/tex]

There are 6 numbers and their sum is 525

Therefore, their mean is

[tex]\text { Mean }=\frac{\text { sum of all the numbers }}{\text { how many numbers there are }}[/tex]

Mode is the number with the highest frequency i .e which number appears the most in the sequence

In this case, there is NO mode because each number there appears only once

Median is the middle number when you place the numbers in ascending order

79,85,86,90,92,93

The middle number is between 86 and 90 . So your middle number can be found by  [tex]\frac{86+90}{2}=88[/tex]

So your median is 88

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5. Mr. Roberson created this frequency table to record the favorite color of each of his students. Which of the following statements are true based on the frequency table?
More students prefer red than green.
Twice as many students prefer green than purple.
More students prefer yellow than blue.
Two more students prefer blue than purple.
The same number of students prefer yellow or purple as the number who prefer blue.

Answers

Statments Two more students prefer blue than purple and Twice as many students prefer green than purple are true.

What is frequency distribution table?

A frequency distribution table is a tool for structuring the provided data in a way that makes sense and facilitates comprehension. Two or three columns make up a frequency distribution table.

All of the results are presented in the first column as individual values or as class intervals.

The table's second column contains the results' totals, which also display the frequency as vertical lines. It's not required.

The frequency of each result is revealed in the third column.

From the given frequency distribution table we will first calculate the numeric value of the number of students with their favourite colour.

Number of students like red colour = 6

Number of students like yellow colour = 2

Number of students like blue colour = 5

Number of students like purple colour = 3

Number of students like green colour = 6

Now according to above data we find that number of students prefer red colour is equal to number of students prefer green colour.

Twice as many students prefer green than purple.

More students prefer blue than yellow.

Two more students prefer blue than purple.

Therefore, statments Two more students prefer blue than purple and Twice as many students prefer green than purple are true.

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Solve 3 (8-x) -6x + 15
A. -3
B. -1
C. 2
D. -2
E. 3

Answers

By solving 3 (8-x) -6x + 15 , x = -1

How do solve equations ?Systems of equations can be solved using one of three techniques: graphing, substitution, or elimination. Simply plot the provided equations on a graph and locate the point(s) where they all cross to solve a problem by graphing. You may find the values of the variables you are working for by finding the location of this point.the three phases of the problem-solving cycle: comprehend, plan, and put into action. That is, we must first comprehend the issue, then consider potential solutions, and ultimately put those solutions into practise to see where they take us.A mathematical statement known as an equation is made up of two expressions joined together by the equal sign.

Find the attachment answer

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In which direction does the parabola defined by the equation y = -x + 2 open?

Answers

Answer:

Downward

Step-by-step explanation:

A parabola is a curve that is shaped like a U. The direction in which a parabola opens depends on the sign of the coefficient of the x^2 term in the equation defining the parabola. If the coefficient is positive, the parabola opens upwards. If the coefficient is negative, the parabola opens downward.

In the equation y = -x + 2, the coefficient of the x^2 term is 0, so the direction of the parabola does not depend on it. However, the coefficient of the x term is -1, which is negative. This means that the parabola defined by this equation opens downward.


A softball team is participating in a tournament where the team will spend three nights at a hotel. Each hotel offers a 50%
discount for the third night. The coach wants to keep the total cost for each player at $225 with an absolute deviation of at
most $25. Write an absolute value of inequality. Use x for the variable.
Hotel Price per night
Hotel A
$80
Hotel B
$105
Hotel C
$75
Hotel D $90
12.5x2251>25

Answers

The inequality will be;

For Hotel A; 80x + 25 < 225

For Hotel B; 105x + 25 < 225

For Hotel C; 75x + 25 < 225

For Hotel D; 90x + 25 < 225

What is Inequality?

A relation by which we can compare two or more mathematical expression is called an inequality.

Given that;

The coach wants to keep the total cost for each player at $225 with an absolute deviation of at most $25.

Now,

Since, The coach wants to keep the total cost for each player at $225 with an absolute deviation of at most $25.

Hence, We get;

The inequality will be;

For Hotel A;

⇒ 80x + 25 < 225

For Hotel B;

⇒ 105x + 25 < 225

For Hotel C;

⇒ 75x + 25 < 225

For Hotel D;

⇒ 90x + 25 < 225

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An object is thrown upward at a speed of 109 feet per second by a machine from a height of 7 feet off the ground. The height
h
h
of the object after
t
t
seconds can be found using the equation
h
=

16
t
2
+
109
t
+
7
h
=
-
16
t
2
+
109
t
+
7

Answers


Answer:

Step-by-step explanation:
With the Given equation:
h = -16t^2 + 109t +7
When will the height be 167.
In other words at what time (t) will h be 167.
Plug in 167 for h in this equation.
This will result in:
167=-16t^2+109t+7
Rearrange
16t^2-109t+160 = 0
Use the Quadratic equation to solve for t.
t = (109 - sqrt(109^(2) - 4(-6)(160))/(2(16))
t = 4.67 seconds

When will the object reach the ground?
This time set h = 0.
0 = -16t^2 +109t +7
Use the Quadratic equation to solve for t.
t = (-109 - sqrt(109^(2) - 4(-16)(7))/(2(-16))
t = 6.876 seconds

a line's slope is 0, and it's y intercept is -7. what is its equation in slope intercept form?

Answers

Y=-7 or y=0x-7 so it is

In AJKL, m/J = (4x − 10)°, m/K = (3x − 7)°, and m/L = (4x − 1)º.
-
Find m/K.

Answers

Answer:

K = 17

Step-by-step explanation:

x = 8

Stem and leaf plots
And box
Pls help I have no idea what this is

Answers

Answer:

32

Step-by-step explanation:

The end of the box is at 32.

2. WOULD I HAVE COMPETENCES AIMED AT POSITIONING ME IN THE PROFESSIONAL MARKET?​

Answers

Answer:

In the professional market there is always professional competition, because there are always different professionals competing or looking for the same jobs.

¿What is the labor market?

This has been the market where the demand and supply associated with work or labor elements are concentrated.

In a labor market, as in any other market, there are skills, in this context, job skills, because there are always several professionals looking for the same job offers or opportunities.

¡Hope this helped!

Write the equation of the line that passes through the points (4, 8) and (5, -1). Put
your answer in fully
line.
simplified point-slope form, unless it is a vertical or horizontal

Answers

Slope-intercept form:

y=−9x+44y=-9x+44


Point-slope form:

y−8=−9⋅(x−4)

A triangle has three angles that measure 80º, 65º, and 35º. How many unique triangles can be drawn that fit that description?

Answers

A triangle has three angles that measure 80º, 65º, and 35º will lead to infinite number of triangles

How to know when infinite number of triangles are formed

When no side is specified, an infinite number of triangles are created.

If side lengths are not given, the three angles will result in an infinite number of triangles that are unique.

The option that provided only angles and no sides, namely angles of 80º, 65º, and 35º are given matches the criterion of formation of unlimited sides of triangle

To build an endless number of triangles, other alternatives have sides or a side is provided but not in accordance with that.

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23. For the data in the table, does y vary directly with x? If it does, write an equation for the direct (1 point) variation.
yes; y=2 x
yes; y=5 x
yes; y=7 x
no; y does not vary directly with x.

Answers

The ratio y/x is not constant (k) for all the data points, then y does not vary directly with x.

What is the constant of variation?

The constant of variation is the number that relates two variables that are directly proportional or inversely proportional to one another.

We have,

         x         y

         2         10

         4         24

         6         36

To determine whether y varies directly with x, you need to see if the ratio of y to x is constant for all the data points.

If y varies directly with x, then the ratio y/x will be constant for all the data points. In this case, you can write an equation for the direct variation in the form y = kx, where k is the constant of variation, which is equal to the ratio y/x.

If the ratio y/x is not constant for all the data points, then y does not vary directly with x.

so, let's see the k constant of variation,

k =  y/x

k = 2/10 =1/5

k = 4/24 = 1/6

k = 6/36 = 1/6

so,  k = 1/5, k=1/6, k=1/6.

Hence, the ratio y/x is not constant (k) for all the data points, then y does not vary directly with x.

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a meteorologist predicted that there would be 1.0 inches of rainfall from a storm instead there was 2.2 inches of rainfall

Answers

The percentage change of the rainfall the meteorologist predict is 55%

How to determine the percentage change of the rainfall the meteorologist predict?

From the question, we have the following parameters that can be used in our computation:

Predicted amount of rainfall = 1.0 inches

Actual amount of rainfall = 2.2 inches

The percentage change of the rainfall the meteorologist predict is calculated as

Percentage change = (Actual amount of rainfall - Predicted amount of rainfall)/Actual amount of rainfall * 100%

Substitute the known values in the above equation, so, we have the following representation

Percentage change = (2.2 - 1.0)/2.2 * 100%

Evaluate the difference in the above equation, so, we have the following representation

Percentage change = 1.2/2.2 * 100%

Evaluate

Percentage change = 0.55 * 100%

So, we have

Percentage change = 55%

Hence, the percentage change is 55%

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Pls help, I can’t figure this out .

Answers

Answer:

Step-by-step explanation:

y = 4×[tex]5^{0}[/tex] y=4
y=4×[tex]5^{2}[/tex] y=100
y=4×[tex]5^{4}[/tex] y=2500
y=4×[tex]5^{6}[/tex] y=62500
y=4×[tex]5^{7}[/tex] y=312500

Find the distance between the points (6.6, 7.9) and (6.6, 4.7).

Answers

Answer:

3.2

Step-by-step explanation:

Compute the Euclidean distance between the following points:

p_1 = (6.6, 7.9) and p_2 = (6.6, 4.7)

The Euclidean distance between points (x_1, y_1) and (x_2, y_2) is:

sqrt((x_1 - x_2)^2 + (y_1 - y_2)^2)

Substitute (x_1, y_1) = (6.6, 7.9) and (x_2, y_2) = (6.6, 4.7):

= sqrt((6.6 - 6.6)^2 + (7.9 - 4.7)^2)

6.6 - 6.6 = 0:

= sqrt(0^2 + (7.9 - 4.7)^2)

0^2 = 0:

= sqrt(0 + (7.9 - 4.7)^2)

| 7. | 9

- | 4. | 7

| 3. | 2:

= sqrt(3.2^2)

Cancel exponents. sqrt(3.2^2) = 3.2:

Answer:  = 3.2

Alicia cashed half of her paycheck and set aside the other half to take her friends out to dinner. She spent on dinner and brought home more than Write an inequality to represent the situation, using to represent the amount of Alicia’s paycheck.

Answers

An inequality that uses Alicia's salary as the unit of measurement is x > $124.3.

Explain the term inequality?Inequalities specify the link between two things that are not equal. Equal does not imply inequality. Typically, we use the "not equal sign (≠)" to indicate that two parameters are not equal. But several inequalities are utilized to compare the numbers, regardless it is less than or higher than.

Data for the stated question-

'x' is the Alicia's Paycheck

Half money is taken for dinner x/2

Total spending on dinner =  $42.15

Cost of home she bought home more than $20.00.

Thus, inequality to represent the situation becomes-

x/2 - $42.15  > $20.00

Add both side by 42.15.

x/2 > $62.15

Divide the number by 2.

x > $124.3

Therefore, an inequality that uses Alicia's salary as the unit of measurement is x > $124.3.

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The complete question is-

Alicia cashed her paycheck and used half her earnings to take three friends to dinner. She spent $42.15 on dinner and she brought home more than $20.00. Write an inequality to represent the situation, using x to represent the amount of Alicia's paycheck.

Find the distance:
Find the distance between 0 and -11
Answer:___

Please help ASAP!!!

Answers

Answer:

11

Step-by-step explanation:

If on a number line there would be 11 spaces in between

Examine the four different companies in the table, which shows their yearly income and their tax rate. Which type of taxation does this table best represent?
A. Indirect
B. Progressive
C. Pegreative
D. Proportional

Answers

The type of taxation that this table best represent is B. Progressive

What is a progressive tax?

A progressive tax is one in which the tax rate rises (or progresses) as taxable income rises. It imposes a lower tax rate on low-income earners and a higher tax rate on higher-income earners. This is usually accomplished by establishing tax brackets that categorize taxpayers based on their income levels.

A progressive tax is one in which the tax rate rises in proportion to the taxable amount. The term progressive refers to the manner in which the tax rate rises from low to high, resulting in a taxpayer's average tax rate being less than the person's marginal tax rate.

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Answer:

I got c

Step-by-step explanation:

Took the test and that’s what it told me 4nem

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