bell weather markets has recently sold for as little as $8 a share and as much as $15 a share. the difference between these two prices is referred to as the:

Answers

Answer 1

Bell Weather Markets recently experienced a significant range in its share price, with a low of $8 per share and a high of $15 per share.

The difference between these two prices is commonly known as the price spread or price range. This spread represents the gap or variance between the lowest and highest trading prices observed for the company's shares during a specific period. In this case, the spread is $7 per share ($15 - $8). The price spread is an essential metric for investors and traders as it reflects the volatility and potential profit or loss opportunities within a given stock.

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Related Questions

when creating a plan for diversifying the workforce, the first step is to__________.

Answers

When creating a plan for diversifying the workforce, the first step is to analyze the current workforce demographics and identify any areas where there may be underrepresented groups.

This can be done by reviewing data on the gender, race, ethnicity, age, and other relevant factors of the existing workforce. Once this information is gathered, it can be used to set goals for improving diversity and inclusion in the workplace.

The next step is to establish a diverse recruitment and hiring process that actively seeks out and attracts qualified candidates from underrepresented groups. This may involve partnering with organizations that serve diverse communities, posting job openings on job boards that cater to specific demographics, and ensuring that the language used in job postings and descriptions is inclusive and welcoming to all candidates.

Training and development programs can also be implemented to help current employees understand and appreciate diversity and foster an inclusive work culture that values all employees. Finally, ongoing monitoring and evaluation can help to track progress and identify areas for improvement. With a thoughtful and intentional plan, organizations can successfully build a diverse and inclusive workforce that reflects the community they serve.

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Suppose the United States can produce either 90 apples and 20 oranges or 80 apples and 30 oranges. What is the opportunity cost of producing 1 apple?

Answers

Answer: The opportunity cost of producing 1 apple will be 1 orange.

Explanation:

Opportunity cost is defined as the loss or cost of another alternative when another alternative is being chosen by an economic agent.

In this scenario, the opportunity cost of producing every additional apple will be 1 orange due to the fact that as there's an increase in the production of apple from 80 to 90, there'll be a reduction in the production of orange from 30 to 20.

This indicates that for the increase of 10 apples, there's a reduction of 10 oranges which implies that an increase of 1 apple brings about a reduction by 1 orange.

Do you think every working American needs a 401(k) account or an IRA? Why or why not?


No links
Need ASAP

Answers

Answer:

Both 401(k) accounts and IRAs are retirement savings accounts that allow individuals to save for retirement on a tax-advantaged basis. Contributions to these accounts are tax-deductible, and the earnings on the investments grow tax-free until they are withdrawn during retirement.

There are some benefits to having a 401(k) account or an IRA. They allow individuals to save for retirement in a tax-efficient way, and can provide a significant source of income during retirement. In addition, many employers offer matching contributions to 401(k) accounts, which can be a valuable incentive to participate.

However, there are also some drawbacks to these types of accounts. For example, they are subject to market fluctuations and the investment risk is borne by the individual. In addition, there are limits on how much can be contributed each year, which may not be enough to provide for a comfortable retirement.

Whether or not every working American needs a 401(k) account or an IRA depends on individual circumstances. For some people, these accounts may be a valuable tool for saving for retirement. For others, different types of retirement savings accounts or strategies may be more appropriate. Ultimately, it is up to each individual to determine the best approach for their own retirement planning.

if the economy is experiencing high rates of inflation, the fed would likely respond by

Answers

If the economy is experiencing high rates of inflation, the Fed would likely respond by implementing contractionary monetary policy measures.

Contractionary monetary policy aims to reduce inflationary pressures in the economy by decreasing the money supply and increasing interest rates. The Federal Reserve, which is responsible for monetary policy in the United States, has several tools at its disposal to achieve these objectives. One of the key tools is open market operations, where the Fed buys or sells government securities in the open market to influence the level of reserves in the banking system. By selling government securities, the Fed can reduce the money supply, leading to higher interest rates and reduced spending. Another tool is raising the discount rate, which is the interest rate at which banks can borrow funds from the central bank. When the discount rate is increased, borrowing becomes more expensive for banks, which can discourage lending and spending.

The purpose of these contractionary measures is to curb inflationary pressures. By reducing the money supply and increasing interest rates, the Fed aims to decrease aggregate demand in the economy. This can result in lower consumer spending and business investment, which in turn can help to moderate price increases and bring inflation under control. It's important to note that the specific actions taken by the Fed may vary depending on the severity and nature of the inflationary pressures. The Fed closely monitors various economic indicators and data to assess the state of the economy and make informed decisions regarding monetary policy. The goal is to maintain price stability and promote sustainable economic growth.

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Rae Company purchased a new vehicle by paying $10,500 cash on the purchase date and agreeing to pay $3,500 every three months during the next five years. The first payment is due three months after the purchase date. Rae's incremental borrowing rate is 16%. The vehicle reported on the balance sheet as of the purchase date is closest to: (FV of $1, PV of $1, FVA of $1, and PVA of $1)

Answers

The vehicle reported on the balance sheet as of the purchase date is closest to the present value (PV) of $1.

When Rae Company purchased the vehicle, they made an initial payment of $10,500 in cash. In addition, they agreed to make subsequent payments of $3,500 every three months for the next five years. The first payment is due three months after the purchase date.

To determine the value of the vehicle reported on the balance sheet, we need to calculate the present value of the future payments. Since the payments are made every three months and the borrowing rate is 16%, we can use the present value of an ordinary annuity (PVA) formula.

By plugging in the values, we can calculate the present value of the future payments as follows:

PVA = Payment Amount * [1 - (1 / (1 + r)^n)] / r

Where:

Payment Amount = $3,500

r = 16% (or 0.16 as a decimal)

n = 5 years * 4 quarters = 20 quarters

Using the formula, the present value of the future payments is approximately $14,632.

Adding the initial cash payment of $10,500 to the present value of the future payments, we can estimate that the vehicle's value reported on the balance sheet as of the purchase date is closest to $25,132, which represents the present value (PV) of $1.

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Shakeria wants to start investing. She decides to put $1,000 in her investment account and then decides to add $5,200 (which is one hundred dollars per week) into the account at the end of each year. She expects her investments to earn an average of 9% over the next 30 years. How much will she have at the end of the 30 years?

A. $689,364.25

B. $254,369.25

C. $674,689.33

D. $356,543.89

E. $701,055.34

F. $722,066.88

Answers

F I think the answer is

The particular market segment your company is trying to sell your products or services to is your?

Answers

Answer:

Target market

Explanation:

Target market refers to the potential or existing customers that a business intends to sell its products or services. The target group is the group of people that a firm focuses on when creating its advertising messages.

A business identifies its target group through market research. The firm surveys the market to identify groups of people who are highly likely to buy its products and services.

Answer:

D

Explanation:

got it right on Edge

How does the chain of command facilitate the operations of a large structured organization?

Answers

Answer:

The use if the direct chain of command affords delegation of authority in an easily understandable way, such that needed decisions on actions are more quickly taken to save costs due to delay and lack of cohesion.

Direct chain of command affords employees to work in areas they are proficient with which builds improved competence and skill within the workforce

The chain of command organizational structure is a logical delegation of authority which facilitates collaborative efforts with internal and external bodies

Explanation:

Explain five steps in product design for a business

Answers

Explanation:

Five phases guide the new product development process for small businesses: idea generation, screening, concept development, product development and, finally, commercialization.

Which of the following choices incur speculative risk?

a.stocks

b.fire insurance on a house

c.options

d.life insurance


e.high interest savings account

Answers

Answer: correct option is A.

Explanation: A speculative risk can be defined as risk that is taken willingly either it results in profit or loss and the stocks involve in probability of gain and loss making it a speculative risk.

Stocks incur speculative risk. Therefore option A is correct.

What are Stocks?

A stock usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company. Shares, also known as units of stock, entitle their owners to a share of the company's assets and income in proportion to the number of shares they possess.

Common stock and preferred stock are the two primary categories of stocks.

Owners of common stock are entitled to dividends and the right to vote at shareholder meetings.

Common stockholders often do not have voting rights, while preferred stockholders typically get dividend payments ahead of time and are given preference over common investors in the event of a firm bankruptcy and asset liquidation.

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the owner of a condominium unit learns that a neighbor has failed to pay his real estate taxes. if this neighbor does not pay the taxes a. a lien can be filed against the condominium, including all of the units. b. a lien can be filed against the neighbor's unit and his percentage of the common elements. c. a lien can be filed only against the common areas of the condominium. d. the taxing authority can order the condominium to be dissolved.

Answers

According to the choices of alternatives provided above, it may be said that a lien against the neighbor's unit and his percentage of the common elements, if he does not pay taxes. Therefore, the option B holds true.

A lien can be filed against an individual due to non-compliance of taxation and the payment defaults related thereto. However, if there is a joint ownership for a property wherein the taxes are not paid, then only the person in default will be liable to be filed a lien against, and other owners will be free from any such legal liabilities.

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Complete question

The owner of a condominium unit learns that a neighbor has failed to pay his real estate taxes. if this neighbor does not pay the taxes

a. a lien can be filed against the condominium, including all of the units.

b. a lien can be filed against the neighbor's unit and his percentage of the common elements.

c. a lien can be filed only against the common areas of the condominium.

d. the taxing authority can order the condominium to be dissolved.

What type of job I should get since im 15

Answers

you could get something at food service or retail if anything near you allows at your age. or you could tutor kids for money.

What are mentioned as the 4 guidelines to live by?

Answers

Answer:

De-clutter and Simplify. ...

Use Everything in Moderation. ...

Keep Things in Perspective. ...

Treat Others How They Want to Be Treated. ...

Family First. ...

Pay Attention to the Moment. ...

Have a Positive Mindset.

Is there anyway to make money as a teen (Online), I am 14.

Answers

this is not online buttttt, if you’re in high school you can get a work permit, so that when you look for jobs it will be easier to apply to certain places. Although since you’re 14, you would have to work minimal, which is something that most jobs do not consider :(. But online you can try investing?

Having just graduated with a degree in business, Brianna looks over several offers she has received from companies interested in her talents. She is specifically interested in the wage setup each company is offering. One wants her to manage a small store; this would be a salaried position. Another would have her working in a sales office on commission. The third is a spot in a paper company as an hourly sales manager. Brianna has been offered a chance to do per-project work for a retail company, but she would be an independent contractor. Compare and contrast these

Answers

Answer:She's just getting started financially and decides not to join her field's major professional association because she thinks it's not worth the annual fee.

Explanation:There u GO!!<3:)

Susan works for a salary of $3,600 per month. She has federal income tax withheld at the rate of 15%, Social Security tax at the rate of 6.2%, Medicare tax at the rate of 1.45%, and health insurance premiums of $48 per month. Susan also contributes to a savings plan. Each month, 2% of her gross pay is placed in the plan.

Answers

Answer:

$2,664.68

Explanation:

Salary $3,600

Overtime $0

Gross Pay:$3,600

Required Deductions:

Federal Tax(15%*3,600) $540

Social Security Tax(6.2%*3,600) $223.2

Medicare Tax(1.45%*3,600) $52.12

Voluntary Deductions:

Health Insurance 48

Union Dues $0

Retirement $0

Savings:( 2% *3,600)72

Other:

Total Deductions:935.32

Net Pay: (3,600-935.32) $2,664.68

Therefore Susan Net pay will be $2,664.68

Offering a false contract to sign is fraud in the execution.
False
True

Answers

Answer:

true but you don't get killed

Explanation:

it is illegal to do that that is fraud but it doesn't lead to death

plz i need one brainiest plzzzzz

Answer:

true

Explanation:

A
Question Blank
type your answer...
student loan is where the Department of Educations diverts/ pays the interest while you are in school at least part-time.

Answers

Answer:

Direct subsidized loans

Explanation:

Direct subsidized loans are offered by the government to undergraduate students with financial need. The loan is available as long as the students can demonstrate they should be considered. The amount is determined by what the schools charge. A direct subsided loan can not exceed a student's financial need.

The U.S. Department of Education meets the interest on a direct subsidized loan

The student is at school for at least half-time,For the grace period of the first six months after leaving schoolWhen the student postpones loan re-payments.

Why do you think it is important to have a good reputation for paying back money that you borrow?

Answers

Answer:

so that if you need more money later, the lender will feel comfortable giving you more knowing that you'll surely pay back.

which sentence best completes the diagram -
the federal reserve decreases the discount rate

Answers

The appropriate answer to the given question is option A bank decreases their bank rate.

What is a federal reserve?

The Federal Reserve is the nation's central bank. The Fed oversees the biggest banks in the country, sets monetary policy, and offers financial support to the federal government of the United States.

 

The complete part of the question is attached in the image below:

The rate at which the Federal Reserve loans to commercial banks is known as the discount rate. Commercial banks, on the other hand, are compelled to alter their pricing in the direction of the discount rate in order to maintain a profit.

Hence option A is correct.

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which sentence best completes the diagram - the federal reserve decreases the discount rate

As you read through the draft of your message, you consider whether parts of your message should be rearranged to make your point more effective. Proofreading Evaluating Editing

Answers

Answer:

The correct answer will be "Editing".

Explanation:

Editing seems to be the process where even the letter being written is reconstructed or reconfigured to more efficiently express the letter. Arranging, modifying, as well as assembling a recorded, written, or video content for official completion, commonly by such an individual except for the producer of the content (considered as an editor).

The other options in question aren't relevant to the particular circumstance. So the option available here is just the right one.

In early 2009, General Electric (GE) had a book value of equity of $105 billion, 10.5 billion shares outstanding, and a market price of $10.80 per share. GE also had cash of $48 billion, and total debt of $524 billion. Three years later, in early 2012, GE had a book value of equity of $116 billion, 10.6 billion shares outstanding with a market price of $17 per share, cash of $84 billion, and total debt of $410 billion. Over this period, what was the change in GE's a. Market capitalization? b. Market-to-book ratio? c. Enterprise value?

Answers

Answer and Explanation:

1. The computation of Market capitalization is shown below:-

Market Capitalization in 2009 = Market Price × Outstanding Shares

= 10.5 × $105

= $1,102.5 billion

Market Capitalization in 2012 = Market Price × Outstanding Shares

= $17 × $10.6

= $180.2 billion

Changes in Market Capitalization = Market Price × Outstanding Shares

= $1,102.5 billion - $180.2 billion

= $922.3

b. The computation of Market-to-book ratio is shown below:-

Market to Book Ratio in 2009 = Market Value of Firm ÷ Book Value of Firm

= $1,102.5 billion ÷ $105 billion

= 10.5

Market to Book Ratio in 2012 = Market Value of Firm ÷ Book Value of Firm

= $180.2 billion ÷ $116 billion

= 1.55

Changes in Market to Book Ratio = Market to Book Ratio in 2009 - Market to Book Ratio in 2012

= 10.5 - 1.55

= 8.95

c. The computation of enterprise value is shown below:-

Book Debt to Equity Ratio in 2009 = Debt ÷ Book Value of Equity

= $524 ÷ $105

= 4.99

Book Debt to Equity Ratio in 2012 = Debt ÷ Book Value of Equity

= $410 ÷ $116

= 3.53

Changes in Book Debt to Equity Ratio = Book Debt to Equity Ratio in 2012 - Book Debt to Equity Ratio in 2009

= 3.53 - 4.99

= -1.46

A new school building was recently built in the area. The entire cost of the project was $20,000,000. The city has put the project on a 20-year loan with an APR of 2.7%. There are 21,000 families that will be responsible for making monthly payments towards the loan. Determine the total amount that each family should be required to pay each year to cover the cost of the new school building. Round your answer to the nearest cent, if necessary.

Answers

Each family should be required to pay approximately $25.71 per year to cover the cost of the new school building.

To determine the total amount that each family should be required to pay each year to cover the cost of the new school building, we can follow these steps:

Calculate the total loan amount.

The loan amount is the cost of the project, which is $20,000,000.

Calculate the annual interest payment.

The annual interest payment can be calculated using the formula:

Annual Interest Payment = Loan Amount * Annual Interest Rate

Annual Interest Rate = APR / 100

In this case, the annual interest rate is 2.7% or 0.027.

Annual Interest Payment = $20,000,000 * 0.027 = $540,000

Determine the number of families responsible for payments.

There are 21,000 families responsible for making monthly payments.

Calculate the total amount each family should pay each year.

Total Amount per Family = Annual Interest Payment / Number of Families

Total Amount per Family = $540,000 / 21,000

Rounding the result to the nearest cent, each family should be required to pay approximately $25.71 per year to cover the cost of the new school building.

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Please see the photos provided in order for the
necessary information to solve. The photos are in exact order of
how to solve. The required instructions are below, (and also in one
of the photos).
Tha
Module 5 Excel Workbook Assignment MBA 6315 Problem B (26 points): Block Ltd makes BLOCKS. Their pre-tax income and their margin of safety have both been low compared to the levels the company would l

Answers

Block Ltd.’s Income Statement:To find out the break-even units, we need to calculate the contribution margin per unit. This can be done by dividing the total contribution margin by the total number of units.

Block Ltd is a company that produces Blocks. According to their financial statements, their pre-tax income and their margin of safety are both low compared to the levels the company would like. Therefore, Block Ltd has asked for help to determine the breakeven point and margin of safety. In order to solve these problems, we need to know certain values for the company, which we can obtain from the financial statements given in the workbook.The first step is to find out the break-even units. This can be calculated by dividing the total fixed costs by the contribution margin per unit. We first calculate the contribution margin per unit by dividing the total contribution margin by the total number of units. After finding out the break-even units, we can move on to calculate the margin of safety. Margin of safety is the amount of actual sales minus the break-even sales. In other words, it is the amount of sales that a company can afford to lose before it starts making a loss. To calculate the percentage of margin of safety, we need to divide the margin of safety by the actual sales and then multiply by 100%.

Block Ltd, which manufactures Blocks, has asked for help in determining its break-even point and margin of safety. We have found out that the break-even point for Block Ltd is 40,000 units. In addition, we have also calculated the Margin of Safety for Block Ltd which is $1,800,000. The Percentage of Margin of Safety is 60%. Therefore, Block Ltd needs to take necessary steps to increase their sales in order to increase their pre-tax income and margin of safety.

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ROTO
Jbel and Los are having a disagreement over one of the stock investments, which just lost 15 percent in a short period of time. Le has a very high but he has a low c
What would be argue (Sport)
O amore stock at the lower price
Hang onto the stock until the price climbs again
Sel half of the stand invest in a more relable company
O Sel all of the stock bere
es more value

Answers

Jbel may argue that they should hold onto the stock until the price climbs again, as there is potential for the stock to increase in value in the future.

What is argue?

Argue is a form of communication expressed through discussion, debate, and reasoning. It is a way of presenting a point of view and trying to convince others to agree with it. When people argue they use facts, logic, and sometimes emotion to support their position. Arguing is an important form of communication, as it allows people to discuss differing opinions in a respectful and productive manner. It is used to resolve conflicts or make decisions on certain topics. In addition, arguing allows people to understand and appreciate different perspectives, and it can promote critical thinking.

Le may argue that they should sell half of the stock and invest in a more reliable company, as the stock has already lost 15 percent in a short period of time and there is no guarantee that the stock price will increase. Alternatively, Le may suggest selling all of the stock altogether, as this provides the greatest potential for a return on the investment.

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Karen works in a department store. Her coworkers have diverse cultural backgrounds. Which statement shows that Karen understands the importance of multiculturalism?

A.
She values a consistent focus on knowing and completing her daily tasks.
B.
She expects everyone to conform to the same ideas about punctuality.
C.
She appreciates how other perspectives enhance customers’ shopping experiences.
D.
She values completing a job on schedule more than taking time to build relationships.

Answers

A.

She values a consistent focus on knowing and completing her daily tasks.Answer:

Explanation:

She appreciates how other perspectives enhance customers’ shopping experiences

How is a cryptocurrency exchange different from a cryptocurrency wallet?

Answers

Crypto exchanges are like online marketplaces where people can buy, sell, and trade crypto. A crypto wallet is a piece of software or hardware that can be used for storing, receiving, and sending crypto
A cryptocurrency exchange and a cryptocurrency wallet are two different types of services that are used for different purposes in the world of cryptocurrencies.

A cryptocurrency exchange is a platform that enables users to buy, sell, and trade various cryptocurrencies. It acts as an intermediary between buyers and sellers, facilitating transactions and maintaining the order book. Cryptocurrency exchanges typically charge fees for their services, which can vary depending on the exchange and the type of transaction.

On the other hand, a cryptocurrency wallet is a software application or a physical device that is used to store, send, and receive cryptocurrencies. A cryptocurrency wallet can store private keys, which are used to sign transactions and prove ownership of the cryptocurrencies stored in the wallet. Cryptocurrency wallets can be either hot (connected to the internet) or cold (offline), and they can have different levels of security features to protect the user's assets.

Lack of downtime negative or positive

Answers

negative is the right answer

.
If you wanted to find the greatest number in a series of numbers, you would use the
MAX
MIN
SUM
AVERAGE

please help

Answers

You will use the max, because it’s the biggest number in a series of numbers

Answer:

I believe that the answer would be Min. If I am wrong then I'm sorry

I hoped this helped...Kinda

Explanation:

2) Moonlight Company wrote off the account of one of its customers, X, in 2018 for $500. On January 21, 2019, X unexpectedly repaid his account in full. The company uses the direct write-off method to account for uncollectible receivables. Journalize the entries required for Moonlight Company on January 21, 2019

Answers

Answer:

A journal entry was carried out for Moonlight Company for January 21, 2019, and is shown below in the explanation section

Explanation:

Solution

Given that:

Moonlight Company Journal Entries on January 21, 2019

JOURNAL ENTRY  

Date                Account name                    Debit         Credit

Jan. 21, 2019               Cash                       500  

     (Income statement -Bad debts recovered)              500

         (record the bad debts recovery from customer X)

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On April 1, 2019, the KB Toy Company purchased equipment to be used in its manufacturing process. The equipnent cost $59,800, hes an ten-year useful life, and has no residual valve. The company uses the straight-ine depreciation method for all manufacturing equipment. On January 4,2021,$14,750 was spent to repale the equipment and to add a feature that increased its operating effclency, Of the tofal expenditure, $3,200 represented ordinary repalrs and annual maintenance and $11,550 represented the cost of the new feature in addition to incressing operating efficiency, the total useful lifo of the equipment was extended to 12 years. Required: 1. Prepare journal entries for the depreciasion for 2019 and 2020 . 2. Prepare journal entries for the 2021 expenditure. 3. Prepare journal entries for the depreciation for 2021 . Determine whether the given function is a solution to the given differential equation. 0=4e5t-2 e 2t d0 de 0- +50= - 7 e 2t dt dt C d0 The function 0= 4 e 5t - 2 e 2t a solution to the differential equation de 0 +50= -7 e 2t, because when 4 e 5t - 2 e 2t is substituted for 0, dt dt equivalent on any intervals of t. de is substituted for and dt is substituted for d0 d the two sides of the differential equation You know you should spend more time and thought on such an expensive decision, and want to make the right choice, but you are overwhelmed by the choices and things to think about and after looking at a few cars you decide which one to buy. O Bounded rationality O A coalition O Escalation of commitment O Simple personal preferences Can a family buy more with $20,000 in income in 2000 or with$22,000 in 2008?How do I find the CPI? of Composite Shapes P5driguezFigure 10: Find the area of this composite shape.Find the area of this composite shape.15 yd4 ydSubi10 yd6yd To what extent did the French, Haitian and Columbian embody Enlightenment ideals? For each right triangle below, find the missing side (Pythagoreans Theorem) and the missing angle (Angle Sum theorem.) PLEASE HELP SO EASY !! ALGEBRA 2 Someone please help!!!if xz bisects wy, xe=4, and wy=7, what is the perimeter of wxyz rounded to the nearest tenth? please include an explanation, i want to be able to understand similar problems myself BRAINLIEST Please help me out Active VS Passivehelp please it's for today 1. They sell wine.2. My friends invited Susan.3. She sends postcards.4. I stopped the car.5. Louise bought the firewood. How did colonists use English ideas of government in America fill in the blank. _____ provides temporary cash assistance to families in need with dependent children; often referred to as "welfare"temporary assistance for needy families (TANF) Consider the points plotted on the number line shown below Elizabeth is considering buying a $30,000 car. Which of these financing options will likely lead to the lowest monthly payment?. State the speed of Light, and how far is the nearest galaxy in terms of Light years? Write an explicit formula for a_na n , the n^{\text{th}}n th term of the sequence 34, 26, 18, ...34,26,18 In which country would you find the javan tree frog? 1. The radius of Earth is 6.40 x 10 km. The moon is about 3.84 10' km awayfrom Earth and has a diameter of 3475 km. The Pacific Ocean surface, whichcan be considered a convex mirror, forms a virtual image of the moon. What isthe diameter of that image? Fiona is studying how income taxes impact various families and their finances. She creates a table with various amounts of taxes owed and estimates that this represents 9% of each familys gross income.