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snow_tiger [21]
3 years ago
10

Emily had an excellent year as a salesperson in 2015, earning $97,000. she paid $37,000 for necessities such as mortgage, food,

and clothing. her state and federal income taxes totaled $24,000. what was her discretionary income?
Business
1 answer:
ycow [4]3 years ago
4 0

Discretionary income is the amount of money remaining from her income after paying federal taxes, other mandatory charges, and necessary expenditures for living. In this situation, Emily is earning a gross income of $97,000. When you deduct her necessary expenditures for mortgage, food, and clothing in the amount of $37,000 and her federal income taxes in the amount of $24,000 from her gross income, you can get her discretionary income which is $36,000.

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Answer:

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Explanation:

Given:

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Present value = ?

Computation of Present value:

Present\ value = PMT[\frac{1-(1+r)^{-n}}{r} ]\\\\Present\ value = 3,200[\frac{1-(1+0.1)^{-12}}{0.1} ]\\\\Present\ value = 3,200[\frac{1-(1.1)^{-12}}{0.1} ]\\\\Present\ value = 3,200[\frac{1-0.318630818}{0.1} ]\\\\Present\ value = 3,200[\frac{0.681369182}{0.1} ]\\\\Present\ value = 21,803.6188

Present value = $21,804 (approx)

8 0
3 years ago
Argo, a firm organizing adventure travel, has returns that vary with the economy. Argo predicts that there is a 20% probability
nexus9112 [7]

Answer: 8%

Explanation:

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5 0
2 years ago
Q 12.4: chaz denver company has identified that the cost of a new computer will be $40,000, but with the use of the new computer
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4 0
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LenKa [72]

Answer:

okay

Explanation:

okay....no problem.

6 0
3 years ago
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Answer:

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