It shows that individuals in that market are price sensitive as the demand for old navy jeans.
When we use the IRS rule which states the standard deduction amount should be greater than $900 or the income earned by the taxpayer for the year in addition with $300 (should not be exceeding the regular standard deduction). Income earned by Toby is $2,897, then add
$300 into it.
The correct standard deduction amount would then be $3,197 ($2,897 +300)=$3197.
Standard deduction is the deduction given by the income tax authorities to the tax payer.
Internal revenue bulletin is the instrument used by the IRS for announcing all the rules.
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Do you have more context to explain what your asking?
Answer:
P0 = $32.60869565 rounded off to $32.61
Explanation:
Using the constant growth model of dividend discount model, we can calculate the price of the stock today. The DDM values a stock based on the present value of the expected future dividends from the stock. The formula for price today under this model is,
P0 = D1 / (r - g)
Where,
- D1 is dividend expected for the next period
- r is the required rate of return
P0 = 0.75 / (0.105 - 0.082)
P0 = $32.60869565 rounded off to $32.61