B. Interview any member of the family. Ask about the sources of family income. Then, identify the sources of income according to its type. Write it in a piece of paper following this format: Tune of Bamily

Q: Does income reflect wealth?

A: Income is money earned by a person or a business in exchange for labour, the provision of a product…

Q: Which are the Decision Rule for Simple Investments?

A: Answer - Simple Investment - Investment which an individual do into there day to day life like…

Q: What are the factors affecting a family's desire to have children? Discuss each.

A: Under development economics, we see there are a lot of factors that affect the decision to have…

Q: Jenny wishes to double her financial fund and the bank gives her 8% rate of interest annually, how…

A: Here, Jenny deposited its money in a financial funds at the annual interest rate of 8% and she wants…

Q: A defined Select one: plan offers a guaranteed level of retirement income. A. non-contributory B.…

A: Defined benefit plan: A defined benefit plan is a retirement plan in which the employer promises to…

Q: describe something you can do to increase your savings for retirement.

A: Retirement: It is the point of time where someone stops working.

Q: The issues of having a positive notation on your CORI or SORI and how it might impact a career in…

A: CORI(Criminal offender record information) or SORI(Sexual offender record information), are the…

Q: Find the consumption when savings are 94 and the income is 110

A: A consumer either spends income on consumption of goods and services, or saves income.

Q: Short term savings and loans are part of what

A: Financial Market generally in an economy is characterized as – Money Market and Capital Market…

Q: What's the meaning of income

A: Meaning of Economics: The term economics refers to the situation under which there remain…

Q: Why are families so important to the American economy?

A: Rising monetary disparity in the United States and all over the planet is broadly considered a…

Q: 5. Choose the item that represents an expense. A. Wages from a part-time job B. Loan payment Dir…

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…

Q: How do you calculate personal income before or after taxes?

A: Understanding how to determine the pre-tax income is critical when computing income tax returns or…

Q: see yourself as a volunteer and discuss your skills and its contribution to the volunteer group

A: The economies around the globe tend to operate with the ultimate motive of enhancing the level of…

Q: What is the Decision Rule for simple Investments?

A: In a simple investment, cash flows change sign only one time. For example, negative cash flow in the…

Q: Should income from illegal activity/sources be as part of gross income?

A: INTRODUCTION  The issue of the tax collection from illicit source pay might appear to be far off,…

Q: What will be the Savings given that income is $3200 and APS is 0.48

A: The data presented in the question above is:- Income = $3200 Average propensity to save = 0.48…

Q: How does the Time Value of Money help people plan for retirement?

A: The Time Value of Money (TVM) plays a critical role in retirement planning by helping people…

Q: Summarizes some of the interest formulas?

A: Simple interest = (P*R*T)/100 where, P : Principal amount            R : Rate of interest per annum…

Q: Provide a list of HRD and WD programs at non-profit organizations, state agencies, and private…

A: a) Formal Staff Training; b) . Informal Training   Èxplanation:- 1. Systematic training for…

Q: What is the cheapest loan?

A: A loan is the lending of money by an individual or a group to another individual or a firm, with an…

Q: Write the Elements of Transactions involving interest?

A: Interest is the payment that is made to the lender by the borrower of an amount in addition to the…

Q: How do get break even level of income

A: The breakeven point is determined by partitioning the fixed expenses of production by the cost per…

Q: Financial statements, what are they? what are they used for? Why are they important? What are the…

A: For business , individual , lender , government financial statements are very useful to know the…

Q: Write the different loan terms?

A: A loan is when one or more people, organisations, or other institutions lend money to other persons,…

Q: What type of annuity where the periodic payments (withdrawals) continue indefinitely?  a. Annuity…

A: Disclaimer: - Since you asked for multipart question, we are solving only first 3 subparts as per…

Q: Ways on How to Raise Money through: Angel investing Venture Capital Selling stock to the Public

A: It could be money, equipment, land, a building, or anything else. The process of purchasing assets…

Q: What s the difference between wealth and income?

A: Economics is the study of the household management which provides services required by the business…

Q: How to analyze the rate of interest?

A: The interest rate is the percentage of the amount paid by the borrower to the lender in a given…

Q: What type of professional is trained to help you save for retiremer O financial planner O auditor O…

A: A professional helps people to manage and plan the finances prudently. Such planning helps the…

Q: Data literacy and career: what's the deal?

A: The capacity to understand, work with, analyze, and communicate with data is known as data…

Q: The value of savings is $390 and income is $650 Calculate APS

A: The information given to us:- Savings of household = $390 Income of household = $650 We have to find…

Q: What are other ways to invest in Real estate? Are they long term or short term?

A: Real estate refers to land and any physical property or structures that are permanently attached to…

Q: how do you find the income before income taxes ?

A: A tax is a financial charge that a government levies on people or legal entities, like businesses,…

Q: How to convert daily interest rate into monthly interest rate?

A: Calculating the annual equivalent of a daily charge or per diem interest, or compounding annual…

Q: what is household ?

A: ‘Household’ is an important factor of an economy. It is regarded as a unit. The consumption(C) of…

Q: What does the interest rate you determine represent?

A: The interest is a specific percentage of the principal amount that is lent, borrowed, or deposited…

Q: What is the relation between income and life expectancies?

A: The relationship between income and life expectancies can be best explained with the help of the…

Q: Calculate the value of APS if Savings is $320 million and income is $420 million

A: The information being given to us is as follows:- Savings = $320 million Income = $420 million We…

Q: Are there gender differences in making financial decisions?

A: Financial decisions involve choices about how to allocate and manage money, assets, and resources to…

Q: For credit card accounts, the interest rate is normally expressed as the Annual Percentage Rate.…

A: A credit card refers to a rectangular piece of plastic which is issues by a bank or a financial…

Q: Where do most people's largest portion of their personal income comes from?

A: People provide their services to the private, public and other sectors and receive benefits in terms…