Sara just bought her first new home. she put 20% down and got a mortgage for the remainder. the difference between what sara owes and what her home is worth is known as what?

Equity

Explanation:

Since, We know that,

The amount she owen is called her liability while the worth of his home is her asset,

Also, the difference between the value of the assets and the value of the liabilities of something owne is called Equity,

Hence, the difference between what Sara owes and what her home is worth is known as Equity.

a progressive tax is a tax that imposes a lower tax rate on low-income earners compared to those with a higher income, making it based on the taxpayer's ability to pay. that means it takes a bigger percentage from high income earners than it does from low income people.