Economics

Career: Computer Scientist Income (before tax) $120,000.00 Total Yearly Budget $65,000 Total Yearly Expenses $54,381 Net Income (after tax) $86,016.25 Difference (net income minus expenses) $31,635.25 Entertainment Yearly Cost Video/DVD ?$20 Vacation ?$700 Other ?$300 Subtotals ?$1020 Other Credit Debt Yearly Cost Student Loan ?$6,000 Credit Card ?$500 Credit Card ?$500 Other ?$300 Subtotals ?$7,300 Utilities Yearly Cost Phone and/or Cell Phone ?$720 Cable and Internet ?$840 Electric and Gas ?$1220 Water and Sewer ?$650 Waste Removal ?$300 Subtotals ?$3730 Personal Care Yearly Cost Health Insurance ?$3,420 Other Medical Costs ?$400 Hair/Nails ?$50 Clothing & Laundry ?$300 Health Club

Career Name: Computer Programmer Yearly Income: $70,000 Flat Tax Some Americans are supporting switching to a flat income tax rate of 15%. How much would you pay under this plan? (70,000) X 15% (or .15) = $10,500 Calculator Tip: To multiply by a percentage, you can use your calculator in two ways. You can use the percent symbol key or you can enter the percentage as a decimal. To change a percentage to a decimal, move the decimal point two digit places to the left. Example: 20% becomes 0.20 Regressive Tax Plan Mark ?X? next to the row that matches your yearly income. Proposed Regressive Plan Calculate your tax. 40% on income up to $25,000 30% on income between $25,000 and $34,000 25% on income between $34,000 and $44,000 X

An increase in the curve could be due to the improvement in the technology of the machines that made the Bluetooth headphones. The headphones are being produced quicker which leads to an increase in supply. A decrease in the curve can be caused by the price of the components that are used to create the headphones increasing. This leads to a decrease in supply.
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