Liability insurance or legal liability
The amount of interest to be paid in total for six and a half years is $59,357.31
Computation:
Given,
Principal Amount =$44,500
Interest rate =13.11% annually
The interest is compounded monthly
time period= 6.5 years
The formula of compound interest will be used:
Substituting the values in the formula:
Now, the value of total interest paid is computed by taking the difference between the annuity amount and the principal amount.
Therefore, from the given options non of the options are correct.
To know more about compound interest, refer to the link:
brainly.com/question/25857212
Explanation:
Data provided in the question
Change in the inventory = $1,030,000
i.e Opening inventory = $1,030,000
Income tax rate = 35%
So, the cumulative effect in the year 2018 is
Opening inventory $1,030,000
Less: income tax rate i.e 35% -$360,500
Balance $699,500
This balance would be addition to the beginning balance of the retained earning statement
Based on the information given what should he do is: Make a request to fill out a new W-4 from his employer.
<h3>What is a W-4 form?</h3>
A W-4 form is a tax which an employee fill so as to enable the employer knows the amount of tax that should be withhold from their employees bank check that was given to the employee by the employer.
Since he already filled out a W-4 when he was first hired and he just got married he should request to fill out a new W-4 from his employer.
Filling out a new W-4 from his employer will enable the employer knows how much that that he should be withhold reason being that the W-4 will show Miguel tax situation to the employer.
Inconclusion what should he do is: Make a request to fill out a new W-4 from his employer.
Learn more about W-4 form here:brainly.com/question/15507745
The another potential cost of tariffs are they raise the price of imported goods.
What are imported goods?
- Imported goods are those goods which the government purchases from the international market form the foreign country at higher prices.
- Imports are products or services manufactured abroad and purchased in your home country.
- Imported goods and services are attractive when domestic industries cannot produce similar goods or services cheaply or efficiently.
- Exports are goods sold in foreign markets and imports are foreign goods purchased in domestic markets.
- Imports and exports are important for economic development and growth because not all countries have the necessary resources and skills to produce certain goods and services.
- These are those goods which comes inside in our country from the foreign land.
Thus, when imports are higher it increases the cost of tariffs.
To know more about imported goods refer to:
brainly.com/question/1158872
#SPJ4