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gayaneshka [121]
3 years ago
9

John Gates made $25,000 last year and paid $2,500 in taxes. What percentage of his income did John pay in taxes?

Business
1 answer:
Katen [24]3 years ago
8 0

Answer:

10%

Explanation:

The Percentage of tax that John pays on his income last year shall be calculated using the below mentioned formula

Percentage of taxes=taxes paid by John/total income of John last year

In the given question

tax paid by John=$2,500

total income of John last year=$25,000

Percentage of taxes=2,500/25,000=10%

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Answer:

Current yield is 6.17%

<em>YTD is 5.43%</em>

<em>YTC is 4.26%</em>

Explanation:

Tenor: 15 years

-> number of payment (NPer) is 30 (= 15 years * 2 for semiannual)

Coupon rate: 7.4%

- > semiannual payments (PMT): $37 = ($1000*7.4%/2)

Future value (FV): $1000

Present value (PV): $1200

Current yield = annual coupon/ current price = $37*2/$1200 = 6.17%

<u>Extra: </u>

We use excel to calculate  yield to date (YTD) or nominal yield:

= Rate(Nper, PMT, - PV,FV) = Rate(30,37,-1200,1000) = 2.717% semiannual

-> annual rate is 5.43%

The bond issue is callable in 5 years at a call price of $1,074, then FV is $1074

Yield to call = rate(10,37,-1200,1074) = 2.13% semiannual

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3 years ago
The FDA supervises standards of quality and consistency of drugs today. <br><br> True <br> False
Soloha48 [4]
True. Hope this helps!
7 0
3 years ago
The matching principle:
KengaRu [80]

Answer: Option D

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.

So, as per the given problem option D is the right answer.

8 0
3 years ago
Neal joins Filestene Inc. as an executive designer. The HR manager informs him that he will have to join the labor union within
Gnesinka [82]

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According to the given question, the Neal's human resource manager is basically referring to the union ship that is related to the union membership.    

Therefore, Option (E) is correct answer.  

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sveta [45]
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