Answer:
$250,000
Explanation:
the down payment = cost of the house - mortgage = $550,000 - $300,000 = $250,000
Something is not right with this question, because if you have been able to save $250,000 in 5 years, it means that you saved around $50,000 a year. If you were able to save that much money per year, then you should be able to pay a higher mortgage. The average 30 year mortgage has an APR of a little over 4% (national average between 4.04% - 4.16%). That would result in a monthly payment of around $1,151 including insurance.
So you should either go to another bank (if your salary is really that high) or search a cheaper house.
Answer:
The sales tax is regressive with respect to income
Explanation:
sales tax by Jennifer = 0.1*30000
= 3000
tax/income = 3000/50000
= 6%
sales tax by steve = 0.1*27000
= 2700
tax/income = 2700/30000
= 9%
The tax increases with decrease in income, it indeed is regressive on the whole.
Therefore, The sales tax is regressive with respect to income
The correct matches are as follows:
1. DISTRIBUTION FEE: Management companies pay brokers 0.1% fee for marketing the fund.
In mutual fund business, distribution fee refers to the amount of money that is charged for marketing and selling fund shares. The money is used for such thing as compensating the brokers or those who sell the fund shares, paying for advertisement, printing and mailing of sales literature, etc. The distribution fee is typically capped at 0.75% of mutual asset.
2. ACCOUNT MAINTENANCE FEE: $20 broker fee charged against the mutual fund.
This is the amount of money that a broker charges for maintaing each mutual fund in an account. The fee is paid on a yearly basis by the mutual fund to the broker. Thus, for an investor who hold five mutual funds, his broker will be paid $100 every year.
3. REVENUE SHARING FEE: Payment to company that investors go through to buy the mutual funds.
Revenue sharing is said to occur when the mutual fund company makes payment to the broker or a dealer that is involved in the investment. Revenue sharing can take many form and is usually calculated as a percentage of the invested amount. Revenue sharing serves as incentives to brokers to promote one fund relative to another.
4. SHAREHOLDER SERVICE FEE: 25% broker fee charged against the mutual fund for servicing the account.
This is the amount of money that a broker is paid for servicing an account. Under the current regulations, a broker can be paid as much as 0.25% of the worth of a mutual investment as a payment for servicing the account.
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Answer:
The torts Mark might have committed by his action includes:
- assault and battery
- intentional infliction of emotional distress
- defamation of character
Explanation:
Assault and battery : grabbing of the 25 year old employ by the hand is considered forceful and wrong handling of a person and therefore is considering assault
Intentional infliction of emotional distress: keeping her in his office without actually seeking for her consent and also with her not aware of his next line of action can cause her emotional distress
defamation of character : screaming at her in front of other employees without evidence of stealing is considered defamation of the employees character
