Answer:
B) The State Disability Insurance (SDI) program benefits received for a period of disability are not taxable as income, but benefits received for time off under the Paid Family Leave program are federally taxable as income.
Explanation:
Disability insurance benefits are not reported for tax purposes with one exception. If a person are receiving unemployment insurance benefits,
become unable to work due to a disability, and begin receiving disability insurance benefits, your disability insurance benefits are considered a substitution for your unemployment insurance benefits, and will then be reported for tax purposes.
If disability insurance benefits are reported, a notice will accompany the first benefit payment sent to you advising that the benefits are being reported to the Internal Revenue Service. The employment development department will provide you with a 1099G tax form in January showing the reported amounts paid and forward a copy to the Internal Revenue Service.
Paid family leave benefits are reported for federal purposes but not state tax purposes.
Paid family leave benefits are not taxable or reported to the California State Franchise Tax Board.
Incomplete question. The full question read;
Malcolm has several receipts from recent transactions that he entered into his records. The receipts include an ATM receipt for an $80.00 deposit, a grocery store receipt for $25.50, and a paycheck deposit slip for $650.00.
When he finishes entering his transactions, Malcolm realizes that his balance is incorrect. Assuming that Malcolm had no beginning balance, what should his correct balance be?
Answer:
<u>$704.50</u>
Explanation:
First, we need to note which transactions are credit transactions, and which is a debit transaction. <em>Remember</em>, a<u> credit transaction</u> basically means a transaction that brings money into your account, while the latter is a transaction that takes money out of your account.
Malcolm's credit transactions:
- ATM receipt for an $80.00 deposit
- paycheck deposit slip for $650.00
Total: <u>$730.</u>
Malcolm's debit transactions:
- grocery store receipt for $25.50
Total: $25.50
Substracting total debit transactions from credit transactions, Malcolm's correct balance would be = $704.50 ($730-$25.50).
Grant. A grant, is a form of financial aid that doesn’t have to be repaid.
Answer:
The current value of a perpetuity is based more on the discounted value of its nearer (in time) cash flows and less by the discounted value of its more distant (in the future) cash flows.
Explanation:
The perpetuities can becalculate as follow
C/rate = Perpetuities
the reasoning behind this formula:
If we calculate limit whe ntime is infite,
because at more time 1 + r gets closer and closer to 0
we get on the dividend
1 - 0
So we have C x 1/i = C/i
Next part would be why the first cash flow is more relevant than the subsequent cash flow:
Here if time increases, then the divisor get closer to ∞ so we have
P ( a constant) /∞ = 0
So the first cashflow is more relevant than the more distant cash flow
Answer:
$236.25
Explanation:
Given that,
Recently dividend paid, D0 = $6.75
Growth rate of dividend, g = 5 percent per year
Required rate of return, rr = 8 percent
Therefore, the stock price is calculated as follows:
= [D0 × (1 + g)] ÷ (rr - g)
= [6.75 × (1+5%)] ÷ (8% - 5%)
= $236.25
Hence, the maximum you would be willing to pay for a share of its common stock if your required rate of return is 8 percent is $236.25.
