(02 - (02.01 MC Column A Column B Column C Column D Chef's...

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(02.01 MC) Column A Column B Column C Column D Chef's apron Gas money Food Movies Culinary knives Car insurance Electric bill Dining out Online training Car repair Rent Auto detailing Which expenses can be most safely eliminated if a chef's income decreases? (1 point) Column A Column B Column C Column D 5 of 5 2. (02.02 LC) One benefit of attending a technical school program is (1 point) lower lifetime earning potential limited options for advancement lower costs to attend
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more limited choice of careers 5 of 5 3. (02.02 MC) Which item is strictly a want? (1 point) Car Food Shelte r Water 5 of 5 X 4. (02.03 MC) Who would pay the most as a percentage of income under a regressive tax? (1 point) X Lawyer earning $110,000 per year Teacher earning $45,000 per year CEO earning $2.5 million per year Roofer earning $18,000 per year
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0 of 5 5. (02.03 MC) You earn $50,000 per year, and paid 10 percent in taxes this year. The government increased the tax rate to 20 percent for next year. Which amount will you pay in taxes next year? (1 point) $1,000 $2,000 $5,000 $10,000 5 of 5 6. (02.03 MC) Julio earns $300 a week working a summer job. The paycheck he deposits in the bank is for $250. Which of these accounts for the difference in amounts? (1 point) Direct tax Gasoline tax Sales tax Tips for services 5 of 5
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7. (02.03 MC) Public Domain Which best describes the tax rate for the Top 1%, as compared with the rates paid by the groups labeled Next 10%, Next 5%, and Next 4%? (1 point) Direct Progressive Proportiona l Regressive 5 of 5 X 8. (02.04 MC) To earn money on your investments, the rate of return must be higher than the (1 point)
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X rate of deflation rate of inflation interest rate account fees 0 of 5 9. (02.04 MC) Joel and Liza are having a disagreement over one of their stock investments, which just lost 15 percent in a short period of time. Liza has a very high risk tolerance, but Joel has a low risk tolerance. What would Liza argue? (1 point) Buy more stock at the lower price Hang onto the stock until the price climbs again
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