Answer: 4.37%
Explanation:
As interest is tax deductible, the Sundial Interest needs to be adjusted for tax to find out the true return.
Jackson as a single tax payer earning $47,500 in 2019 has a tax rate of 22% according to the IRS Tax bracket for that year.
That means that the interest that true interest that Sundial is offering him is,
= 5.6 * ( 1 - tax rate)
= 5.6 * ( 1 - 0.22)
= 5.6 * 0.78
= 0.04368
= 4.37%
To make Jackson indifferent with the same amount of risk, the city of Mitchell would have to offer him the same interest that Sundial is offering net of tax which is 4.37%.
Answer and Explanation:
The journal entry to deposit the FICA and FIT taxes is as follows:
FICA OASDI $2,244.10
FICA HI $524.83
FIT W/H $6,515.00
To Cash $9,283.93
(Being to record deposit the FICA and FIT taxes)
Here the FICA OASDI FICA HI FIT W/H is debited and the cash is credited
So the same is to be considered
The adjusted balance of Jessica for the month of October is $ 1033.76. In this method, monthly payment is deducted from the unlock balance, and purchase is not included in the balance.
<h3>What is the adjusted balance method?</h3>
With the adjusted balance method, the credit card company starts with the balance from the end of the last payment cycle and withdraws any payments made, and adds any credits sent to the account during the current cycle.
In the given information, to calculate the adjusted balance we will deduct the payments made from the beginning balance and ignore the purchases made for the month:
Hence, The correct answer is Option B.
To learn more about adjusted balance method, refer to the link:
brainly.com/question/11355738
Answer:
Path A-F-G-H is the critical path
Explanation:
Path A-F-G-H is the longest path on the network with length of 30 days. A path with the longest length is the critical path.
I think it is the exchange of goods or services, which can be with or without money.
