<span>A person who pays $4,500 in real estate property taxes and is in the 28 percent tax bracket, would reduce the amount paid for federal income taxes by
</span><span>$1,260</span>
No, 401(k) can not be considered as an individual retirement account.
The 401(k) differs from an individual retirement account ((RA) because A 401(k) is created through an individual's employer. Generally, 401(k)s as well as individual retirement accounts include beneficial tax advantages, But where we see a distinction is that the 401(k)s are designed for employers of labor to offer while individual retirement accounts are for Individuals as IRAS give more investment opportunities and 401(k)s gives a higher annual contribution.
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Answer:
Revenue could be of amount $33,836,000
Explanation:
As the selling price is not given in the question, only the cost of the inventory is given, So,
We assume that the Sales quantity is X and the Selling Price per unit be Y
Then,
Sales = X × Y ............... Equation (1)
Less : COSG = $33,836,000 ................ Equation (2)
Net Income = 1 - 2
If the selling price is equal to the cost of the inventory which is $33,836,000. So, the only revenue which is to be added is the amount of $33,836,000.
Note: It totally depend or grounded on the Sales value.
Answer:
the present value is $1,000
Explanation:
The computation of the present value of the cash flow today is as follows:
Given that
Cash Flow, Today = $1,000
Discount Rate = 10%
Based on the above information
Present Value = Cash Flow Today = $1,000
It means that the present value should be equivalent to the cash flow today
hence, the same is to be considered
Therefore the present value is $1,000
