A payment, usually for a large amount of money, that is paid once and covers the whole debt; a lump sum may be paid by an insurance company to write off the debt forever so the company does not have ongoing bills to organise, or by a person buying something like a new car so they have full ownership immediately.
A tax based on population is called a head tax. It is also referred to as a lump-sum tax or a poll tax.
Marginal cost is the cost to the firm of producing one more unit of output - it is affected by the same factors that affect variable costs. A lump sum tax does not affect this relationship whereas a tax on the marginal unit produced will; such as an ad valorem tax. If a lump sum tax is imposed on a producer this will NOT affect his profit maximising decisions as his output decisions are always based on the margin. He will set MC = MR as per normal but will endure lower profits as the AC has increased. It is important to understand the distinction between marginal and average in this case and the consequences that marginal tax has on behaviour of the firm.
This depends on what type of tax it is, lump sum or marginal.Lump sum: a lump sum consumption tax would not affect the general level or composition of consumption because fixed quantities do not affect optimal consumption-savings decisions.Marginal tax: if the marginal tax increased (i.e.) a general sales tax increase), it would decrease overall consumption because the tax would be an increase in the cost of consuming, and thus encourage the consumer to save more money and consume less.
Statutory income is income that is not part of the income from an hourly or salary job. Some types of statutory income are commission, lump sum payments for termination of a job, royalties and insurance bonuses.
Priceelasticity of demand for a taxed product plays key role in determining the impact of tax increase on government revenue. The more inelastic the demand for the product, the smaller the impact of any given lump-sum tax on the quantity of the product purchased, therefore the greater the government tax-take. (tax-take = tax per unit x quantity purchased)
Lump Sum Future Value Calculator Use this calculator to determine the future value of a lump sum.
Lump Sum Present Value Calculator Use this calculator to determine the present value of a future lump sum.
To get a lump sum payout typically involves foregoing monthly installment payments in lieu of a one time lump sum. Many people who win the lottery prefer to have a lump sum taken instead of monthly checks. Although it should be noted the lump sum is less money than if you were to add up all monthly payments, in the long run.
Lump Sum Annual Rate of Return Calculator Use this calculator to determine the annual rate of return of known lump sum starting and ending amount.
There are a few companies that offer lump sum payments for structured settlements. Peach Tree and Settle 4 Cash are two examples of companies that try to get a lump sum.
The advantage of a person paying with a lump sum is that it will affect the interest that a person will pay on the money they have borrowed. Paying a lump sum will also help a person because a person will pay less on their interest and mortgage.
Lump Sum means all in one shot or To be given a full amount at one time, instead of several smaller payments over a period of time. Most people prefer to receive a lump sum.
It is worth more than a one lump sum.
You can get money for settlements faster, in a lump sum instead of payments at www.settlementpaymentsource.com. Another site is www.woodbridgeinvestments.com
You can make lump sum cash by winning the lottery. You could also sell something that you own such as a car or house.
The advantage of a lump sum settlement is that one does not have to pay tax on it. The money has already been paid, so there is no worry about arrears.
The difference between a lump sum and annuity is, lump some you get a anywhere between half or 3 quarters of the money. An annuity is where you will get a certain amount of money for a certain amount of years.