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algol13
3 years ago
9

What is a disadvantage of overpaying your taxes during the year?

Mathematics
1 answer:
Otrada [13]3 years ago
5 0
The disadvantage of overpaying your taxes during the year is that you cannot use the money or draw interest on it until after you get your tax refund.

If you are overpaying your taxes, the government is holding that extra money for you. At the end of the tax year when you file your taxes, they will give you the extra money back that you overpaid.

However, you don't receive any interest on the extra money that was held.
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8. If 30 cents out of every 1 dollar goes to taxes and the rest is net income, what's the
aniked [119]

Answer:

  • D. 3:7

Step-by-step explanation:

1 dollar = 30 cents tax + 70 cents net income

<u>The ratio of taxes to net income:</u>

  • 30 : 70 =
  • 3 : 7

Correct choice is D

4 0
2 years ago
Read 2 more answers
Work the problem for each card, look for the solution at the top of the next card. Use space and show all work
Vinil7 [7]

Answer:Mathematics of Money:

Compound Interest Analysis With Applications

This site is a part of the JavaScript E-labs learning objects for decision making. Other JavaScript in this series are categorized under different areas of applications in the MENU section on this page.

Professor Hossein Arsham    

Compound Interest: The future value (FV) of an investment of present value (PV) dollars earning interest at an annual rate of r compounded m times per year for a period of t years is:

FV = PV(1 + r/m)mt

or

FV = PV(1 + i)n

where i = r/m is the interest per compounding period and n = mt is the number of compounding periods.

One may solve for the present value PV to obtain:

PV = FV/(1 + r/m)mt

Numerical Example: For 4-year investment of $20,000 earning 8.5% per year, with interest re-invested each month, the future value is

FV = PV(1 + r/m)mt   = 20,000(1 + 0.085/12)(12)(4)   = $28,065.30

Notice that the interest earned is $28,065.30 - $20,000 = $8,065.30 -- considerably more than the corresponding simple interest.

Effective Interest Rate: If money is invested at an annual rate r, compounded m times per year, the effective interest rate is:

reff = (1 + r/m)m - 1.

This is the interest rate that would give the same yield if compounded only once per year. In this context r is also called the nominal rate, and is often denoted as rnom.

Numerical Example: A CD paying 9.8% compounded monthly has a nominal rate of rnom = 0.098, and an effective rate of:

r eff =(1 + rnom /m)m   =   (1 + 0.098/12)12 - 1   =  0.1025.

Thus, we get an effective interest rate of 10.25%, since the compounding makes the CD paying 9.8% compounded monthly really pay 10.25% interest over the course of the year.

Mortgage Payments Components: Let where P = principal, r = interest rate per period, n = number of periods, k = number of payments, R = monthly payment, and D = debt balance after K payments, then

R = P × r / [1 - (1 + r)-n]

and

D = P × (1 + r)k - R × [(1 + r)k - 1)/r]

Step-by-step explanation:

3 0
3 years ago
What is the common ratio for the sequence 28,14,7,3.5 ?
wolverine [178]

Answer:

Its 2

Step-by-step explanation:

7 0
3 years ago
Standard for<br> ola (y + 3)2 = -12(x - 2), iden<br> 1.<br> D<br> n111
Vedmedyk [2.9K]

Answer:

See below

Step-by-step explanation:

Your question is a bit unclear, so I'm going to assume you want the value of y or x:

(y+3)^2=-12(x-2)

-(y+3)^2/12=x-2

-(y+3)^2/12+2=x

(y+3)^2=-12(x-2)

y+3=sqrt(-12x+24)

y=sqrt(-12x+24)-3

5 0
3 years ago
What type of line is PQ?<br> A. altitude<br> B. angle bisector<br> C. side bisector<br> D. median
frosja888 [35]

Answer:

altitude

hope that helps ✌

8 0
3 years ago
Read 2 more answers
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