Computing the real rate & flat tax, Finance Basics

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Quetion1: You are earning 5.2 percent on a certificate of deposit. Inflation is running 3.5 percent. What is the real rate of return on your investment?

Question2: Search for a definition of one of the following economic indexes (or other one) and describe its purpose and how it is calculated: CPI, PPI, HEPI CPI-U. 

Question 3: Is the corporate income tax system unfair?  Why or why not? Should it be changed?  Is a flat tax the answer?  Is no corporate tax, like LLCs, the answer (where owners pay personal income tax on the distribution of earnings).   This is not a question on the merits of taxes, government, the constitution, or related issues.  The goal is to better understand corporate taxation.


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