Answer:
$3,750
Explanation:
Capital Gain tax is paid on the sale property value. According to tax rule if you sale your residence building the first $250,000 is exempt from the tax and the amount above this value will be taxed using rate of 15%.
Total Amount of Gain = $275,000
Amount Exempted = $250,000
Taxable value = $275,000 - $250,000 = $25,000
Tax value = $25,000 x 15%= $3,750
Increasing your 401k deduction will LOWER/DECREASE your take-home pay and LOWER/DECREASE your federal taxes in the current year.
401k is a specific amount of money that will be deducted from your initial pay so it could be allocated to your pension account.
When 401k deduction increased, it will take a bigger chunk on your salary, so your take-home pay will be reduced. The amount of 401k deduction is considered as pre-tax, so it would not be counted in federal tax.
Answer:
Insatiation
Explanation:
Insatiation is an economic problem which arises as a result of human wants and cravings being limitless with a limited means of satisfying these wants
Economic problem of insatiation can be solved when there are also unlimited means of satisfying the limitless wants and desires of human
Answer:
36% of the variability in electric bills can be explained by the age of home
Explanation:
Given:
The coefficient of determination measures the proportion of variation in the dependent variable that is predictable from the independent variable.
The coefficient of determination is equal to 
;
In this situation we have the correlation = 0.6 , hence our coefficient is 
or 0.36. Therefore, 36% of the variability in electric bills can be explained by the age of home
