45. The following table gives the distribtution of weekly income of 160 families in a town:Weekly Income (Rs.)No. of Families2000 40004000 600020406000 8000508000-120003212000 -160001616000 -20000(i) Calculate the lower and upper quartile income levels.(ii) It is decided that 80% of the families should pay income tax. What is the minimum taxableįncome?

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Answered: 45. The following table gives the…

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

Chapter12: Sequences, Series And Binomial Theorem

Section12.3: Geometric Sequences And Series

Problem 12.58TI: What is the total effect on the economy of a government tax rebate of $500 to each household in...

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What is the total effect on the economy of a government tax rebate of $500 to each household in order to stimulate the economy if each household will spend of the rebate in goods and services?
Real wage is a wage deflated by the current consumer price index. It gives information on how much current wage compares to the wage of given base year period. Real wage is obtained by dividing the nominal wage by the current Consumer Price Index (CPI) of a given month multiplied by 100. Table 1 below presents the real wage and nominal wage of non-agriculture workers in the Philippines as of December 2019 by region. Referring to the data, how many regions are below the 4th decile of the real wage?A. 4B. 5C. 6D. 7Referring to the data, how many regions are above the 80th percentile of the nominal wage?A. 4B. 5C. 6D. 7
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The Consumer Price Index provides a means of determining the purchasing power of the U.S. dollar from one year to the next. To use the Consumer Price Index to predict a price in a particular year, we can set up a proportion and compare it with a known price in another year as follows:(price in year A)/(index in year A)=(price in year B)/(index in year B)In 1986 the Consumer Price Index was 109.6 and in 2010 it was 218.1. Find the amount that would be charged in 2010 for the use of the same amount of electricity that cost $110 in 1986. Give your answer to the nearest dollar.

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