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3 years ago

The Garret family wants to take advantage of their state's _____ to pay for their child’s college tuition.

Business

2 answers:

sattari [20]3 years ago

6 0

I believe the answer would be CD

Tatiana [17]3 years ago

4 0

Answer:

A) 529 plan

Explanation:

A 529 plan is a tax-advantaged savings plan that is meant to pay for qualified higher education expenses. There are two types of plans: prepaid tuition plans and savings plans.

A 529 plan can be established by the Garret family in order to pay for their child's college tuition, and the amount that they can save is not limited by the federal government, but some states limit them. The account should not exceed the child's education costs.

The money contributed to the 529 plan is tax deductible.

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New Hampshire adopted a tax law that in effect taxed the income of nonresidents working in New Hampshire only. Austin, a nonresi

Kryger [21]

Answer:

He was correct. It violates equal protection, as this only applies to non-residents.

Explanation:

From the question we are informed about New Hampshire which adopted a tax law that in effect taxed the income of nonresidents working in New Hampshire only. Austin, a nonresident who worked in New Hampshire, claimed that the tax law was invalid. In this case, He was correct since It violates equal protection, as this only applies to non-residents. Income Tax Act can be regarded as an act that governs tax charged which applies to income of individuals, body of individuals as well as famies. The Section 1 of this Act state that tax is an obligation that needed to be fulfilled to State Inland Revenue Service in as much the the individual resides there.

4 0

3 years ago

Your bank account pays a 5% nominal rate of interest. The interest is compounded quarterly. Which of the following statements is

Ugo [173]

Answer:

The answer is option d. The periodic rate of interest is 1.25% and the effective rate of interest is greater than 5%

Explanation:

Step 1: Determine stated interest rate

The stated interest rate=nominal interest rate=5%

Step 2: Determine periodic interest rate

The periodic interest rate can be expressed as;

periodic interest rate=stated interest rate/number of compounding periods

where;

stated interest rate=5%=5/100=0.05

number of compounding periods=4

replacing;

periodic interest rate=0.05/4=0.0125×100=1.25%

The periodic interest rate=1.25%

Step 3: Determine effective interest rate

The formula for calculating the effective interest rate can be expressed as;

Effective interest rate={(1+i/n)^n}-1

where;

i=stated interest rate=0.05

n=number of compounding periods in a year=4

replacing;

Effective interest rate={(1+0.05/4)^4}-1

Effective interest rate=0.051×100=5.1%

8 0

3 years ago

Cellular Talk is a new firm in a rapidly growing industry. The company is planning on increasing its annual dividend by 25% a ye

kondaur [170]

Answer:

$12.14

Explanation:

The computation of the current value of one share of the stock is shown below:

D2 = (1 × 1.25) = $1.25

D3 = (1.25 × 1.25) = $1.5625

Now

Value after year 3 is

= (D3 × Growth rate) ÷ (Required return - Growth rate)

= (($1.5625 × 1.06) ÷ [0.17 - 0.06)]

= $15.05681818

Now

Current value is

= Future dividends × Present value of discounting factor(17%,time period)

= $1 ÷ 1.17 + $1.25 ÷ 1.17^2 + $1.5625 ÷ 1.17^3 + $15.05681818/1.17^3

= $12.14

7 0

3 years ago

A businessman in New York is preparing an itinerary for a visit to seven major cities. The distance traveled, and hence the cost

enot [183]

Answer:

The answer is 5,040.

There are 5,040 different possible itineraries.

Explanation:

The number of different possible itineraries equals the number of the selection of 7 cities from a total of 7 cities where order is important.

We solve thus:

$N = P^{7}_{7} = \frac{7!}{(7 - 7)!}$

$= \frac{7!}{0!}$

$= 7!$

$= 7 X 6 X 5 X 4 X 3 X 2 X 1$

$= 5,040$

6 0

4 years ago

Match the vocabulary word to its correct definition.

alina1380 [7]

Answer:

1. a

2. b

3. d

4. c

Explanation:

1. Dependent variable : a. The variable used for the output of a function

2. Independent Variable: b. The variable used for the input of a function

3. Initial Value: d. The output value when the input value is zero in a real-world context

4. Rate of change: c. A measure of how quickly or slowly the dependent value changes in comparison to the independent variable

Dependent variable refers to the variable whose value is dependent on another variable, unlike in case of independent variable.

Initial value refers to the value at the start or zero period.

Rate of change refers to the magnitude of change in dependent value with respect to independent variable.

8 0

3 years ago