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Ainat [17]
3 years ago
13

How are payroll taxes and user fees different?

Business
1 answer:
fomenos3 years ago
5 0
<span>Sometimes, a user fee is indeed a user fee. But other times it's not that at all; instead, it's a tax hike disguised by a misnomer.</span>
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You deposit​ $5,000 per year at the end of each of the next 25 years into an account that pays​ 8% compounded annually. How much
Volgvan

Answer:

The correct answer is A. $18,276

Explanation:

First you have to calculate how much you'd end up having at the end of the 25 years period in your savings account.

You calculate the total amount saved for each year, using the formula:

S_{n} = S_{n-1} *(1+r)+D

Where

S_{n} is the total amount in the savings account for this period.

S_{n-1} is the total amount in the savings account from the previous period.

ris the interest rate.

Dare the annual deposits being made into the savings account.

Therefore for the first year you'd do:

S_{1} = S_{0} *(1+r)+D

S_{1} = 0*(1+0.08)+5000=5000

For the second year:

S_{2} = S_{1} *(1+r)+D

S_{2} = 5000*(1+0.08)+5000=10400

And so on. You can help yourself calculate the value of this series using programs like Excel.

I have attached an Excel file that has a table with the savings values for each of the 25 years.

So, the 25th year you’ll have $365,529.70 in your savings account. Now you simply divide this number by 20 (that will be the number of years you’ll be withdrawing the same dollar amount from your savings account):

Withdrawals = 365,529.70/20=18,276.485

In conclusion, you’d be able to withdraw $18,276.485 each year for the following 20 years after the 25th deposit, if all withdrawals are the same dollar amount.

Download xlsx
3 0
3 years ago
Sales this year at Donna's Pawn Shop have been high, and based on several factors, Donna projects next year's sales to also be g
likoan [24]

Answer:

A. Contingency planning

Explanation:

Contingency planning refers to the an approach in forecasting unexpected events by developing an action plan to appropriately respond to such threats. In this scenario, despite that the company expects favourable sales in the future, it is planning to face an unexpected drop in sales.

7 0
2 years ago
A worker would be hurt least by inflation when the rev: 05_02_2017_QC_CS-84894 Multiple Choice worker anticipates inflation and
Hatshy [7]

Answer:

worker is protected by a cost-of-living adjustment clause in an employment contract

Explanation:

Cost of Living Adjustment(COLA) is an increase made to income from social security to counter the inflationary effects. The COLA change is essentially equivalent to the Consumer Price Index ( CPI) percentage increase over a given period.

All other options are wrong as it is not fit to the current situation

hence, the correct option is B.

3 0
3 years ago
The fact that a hot dog cost five times more at disneyland than at sam's club is an example of ________.
ahrayia [7]

captive product pricing, Disney offers lower prices to enter the park but higher prices once in the park because the audience is captive

4 0
2 years ago
Read 2 more answers
In a judicial foreclosure, how long does the borrower’s redemption period last if a deficiency judgment isn’t being sought?
aniked [119]

There is no redemption period if the lender is not pursuing a deficiency judgment.

A judicial foreclosure permits the lender to get a deficiency judgment against the borrower. However, the homeowner has the “proper of redemption,” which lets him or her shop for the home returned from the hit bidder on the auction for 12 months after the sale.

In a judicial foreclosures state, the lender has to report a lawsuit in a courtroom in an effort to foreclose. In a nonjudicial foreclosure nation, the lender can foreclose without going through the court docket system. either way, the very last step within the foreclosure process is a foreclosure sale.

Redemption is a period after your home has already been sold at a foreclosure sale when you may nonetheless reclaim your private home. You may want to pay the high-quality mortgage stability and all fees incurred during the foreclosures system.

Learn more about foreclosures here brainly.com/question/15182362

#SPJ4

6 0
2 years ago
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