<span>Annual gross income is the amount of money you make BEFORE taxes. Your adjusted gross income is how much money you make before taxes, MINUS anything you can deduct. You can deduct many things, like student loan interest payments and alimony. So, you would have an adjustment if you paid for student loans this year. If your gross income (not adjusted) is $20,000 and you paid $1000 on student loan interest, your adjusted gross income is $19000. The IRS will then see your income as only $19000 instead of $20,000 and will tax you on that lower amount.</span>
Answer: $20,000
Explanation:
The reserve requirement is a central bank regulation which sets minimum amount of reserves which must be held by a commercial bank.
When reserve requirement = 20%
= 20/100
= 0.20
Total increase in the checkable deposit will be = $4,000 / 0.20= $20,000
Answer:
Is often gathered BEFORE primary data
Explanation:
:)
Answer:
Monthly Repayment on Loan = $2634.06
Explanation:
given data
principal = $552,000
annual interest rate = 4% = 0.333% monthly
solution
for get here fair value monthly mortgage payment we consider here time period is 30 year = 360 months
so now we apply here Monthly Repayment on Loan formula that is
Monthly Repayment on Loan = principal × .................1
put here value and we get
Monthly Repayment on Loan = 552000 ×
Monthly Repayment on Loan = $2634.06