Cost sharing of services to the elderly
a. would exempt low-income individuals from having to pay.
b. would reduce the popularity of current programs.
c. is a bigger tax burden on most households than personal income tax.
d. would involve a flat-rate that varies by type of service.
Question 2
Which of the following BEST reflects the concern of the contract between generations and the consequences of
actions made?
a. legal ramifications relating to written agreements between young and old family members
b. whether the younger generation of a family will be willing to provide for their parents when they become elderly
c. whether older generations should be held accountable for the effect of current policies on future generations
d. whether the older generation of a family will provide the resources to enable the younger generation to become established in society
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Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.