The best thing that you should do in this scenario would be :
- Gather as much as information as you can regarding the issue (maybe by asking input from your associates)
- analyze the issue completely thoroughly
- Believe in yourself and create the best decision based on your analytic
hope this helps
The answer is B. Interest
Answer:
$7,580
Explanation:
In April of this year, Tim paid $1,160 with his state income tax return for the previous year.
Tim had $5,200 of state income tax
Tim made estimated payments of $1,220 of state tax.
Therefore:
$1,160 + $5,200 +$1,220=$7,580
Tim can deduct the state taxes paid with state income tax return for the previous year, state tax which was withheld during the year, and estimated payments of state tax, a total of $7,580 in which the expected refund next year will not affect the deductions for this year, due to the fact that it may be taxable next year under the tax benefit rule.
Answer:
could have deposited less money today and still had $5.000 In four years If the account paid a higher rate of interest
Explanation:
here is the full question
Sam Just opened a savings account paying 3.5 percent interest, compounded annually. After four years, the savings account will be worth $5,000. Assume there are no additional deposits or withdrawals. Given this, Sam: Multiple Choice will earn the same amount of Interest each year for four years will earn simple interest on his savings every year for four years. could have deposited less money today and still had $5.000 In four years If the account pald a higher rate of interest. has an account currently valued at $5,000. could earn more Interest on this account if the Interest earnings were withdrawn annually.
He would not earn the same amount of interest each year due to compounding. This is also the reason the simple interest would differ from compound interest.
To determine the value today, the present value has to be determined. This would be done by discounting the future value
Answer:
To Investment i.e available for sale $18,000
To Gain on sale of an investment $2,000
Explanation:
The journal entry for the sale of the bond is shown below:
Cash Dr $20,000
To Investment i.e available for sale $18,000
To Gain on sale of an investment $2,000
(Being the sale of the bond is recorded)
For recording this we debited the cash as it increased the assets and credited the investment and gain on sale of investment so that the proper posting could be done
