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3 years ago

What type of policy would offer a 40-year old the quickest accumulation of cash value?

1 answer:

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The type of policy that one would offer to a forty year old individual in having to provide the quickest accumulation of the cash value is the twenty pay life. This is a policy of having to pay payments in a period of twenty years in which the individual will be secured with life insurance.

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You used to earn $76,000 a year in your old job! Suppose you return to college and earn an MBA, after which you get an upper-man

fredd [130]

Answer:

Federal social insurance taxes include OASDI taxes (Social Security) and Medicare taxes. Currently. In 2012, the Social Security tax limit was $110,100, while their was no limit on Medicare.

The Social Security tax rate was temporarily reduced during 2011 and 2012 from 6.2% to 4.2%, so your Social Security tax withholdings were $4,624.20 in 2012.

Medicare taxes did not change in 2012 and were 1.45%, so your Medicare tax withholding were $1,812.50 in 2012.

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3 years ago

Sara's Jewelry sold 20 necklaces for $ 35 each to a credit customer. The invoice included a 5% sales tax and payment terms of

jeka94

Answer:

The journal entry for recording the original sale is shown below:

Explanation:

The journal entry for recording the original sale is as follows:

Accounts receivable A/c................................Dr $735

Sales Tax A/c...................................................Cr $35

Sales A/c............................................................Cr $700

As sales is made on credit so the accounts receivable account will be debited against the Sales account, which is credited. And there is sales tax charged on selling necklaces, which is credited to the sales tax account.

Computation of Sales Tax as:

Sales tax = Selling amount × Tax

where

Selling amount = Number of Necklaces × Price

= 20 × $35

= $700

So,

Sales tax = $700 × 5%

Sales tax = $35

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3 years ago

Kingbird, Inc. assembled the following information in completing its March bank reconciliation: Balance per bank $21800 Outstand

igomit [66]

Answer:

Kingbird will have an Updated Cash Balance of $21,800

Explanation:

First Step is to Update the Bank Balance in the Cash Book

Debit :

Cash Balance before adjustment $25,080

Dishonored Cheques $460

Totals $25,540

Credit:

Bank service charge $145

Balance as per updated Cash Book $25,395

Totals $25,540

Then Prepare a Bank Reconciliation Statement

Bank Reconciliation Statement

Balance at Bank as per Cash Book $25,395

Add Unpresented Cheques $7,150

Less Lodgements not yet credit ($4,425)

Balance as per Bank Statement $21,800

Conclusion.

Kingbird will have an Updated Cash Balance of $21,800

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3 years ago

If the Cascade Update Related Records setting is activated, what happens when a change is made to the primary key of the primary

Daniel [21]

Answer:

Explanation:

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3 years ago

Read 2 more answers

Assume a demand equation for good 'x': Q = 9 - 0.1p - p_y + 0.01p_z + 0.0005Y; where p = own price of the good Q = quantity dem

Ray Of Light [21]

Answer:

Q = 10 - 0.1p

Explanation:

Given that,

Demand equation for good 'x':

Q = 9 - 0.1p - p_y + 0.01p_z + 0.0005Y

Where,

p = own price of the good

Q = quantity demanded

p_y = price of a related good = $3

p_z = price of a different related good = $200

Y = consumer income = $4,000/month

Therefore, the quantity demanded as a function of the price can be written as follows;

Q = 9 - 0.1p - p_y + 0.01p_z + 0.0005Y

Q = 9 - 0.1p - 3 + 0.01(200) + 0.0005(4,000)

Q = 6 - 0.1p + 2 + 2

Q = 10 - 0.1p

5 0

3 years ago