Answer:
The amount of interest expenses that Jennifer can deduct from her tax return for tax year 2019 is $100.
Explanation:
The amount of interest expenses that Jennifer can deduct from her tax return for tax year 2019 can be calculated using the following formula:
Interest expenses deductible = (Taxable interest / Total interest) * Interest expenses .................... (1)
Where;
Taxable interest = $1,200
Total interest = $6,000
Interest expenses = $500
Substituting the values into equation (1), we have:
Interest expenses deductible = ($1,200 / $6,000) * $500
Interest expenses deductible = 0.20 * $500
Interest expenses deductible =$100
Therefore, the amount of interest expenses that Jennifer can deduct from her tax return for tax year 2019 is $100.
If a work permit were neccessary, they would have already asked you about it.
Answer:
$314,278
Explanation:
Cost in flexible budget = $40,990 + ($2,789*96) + ($18*308)
Cost in flexible budget = $40,990 + $267,744 + $5,544
Cost in flexible budget = $314,278
The operating costs in the planning budget for August would be
Answer:
$115,643
Explanation:
The condo is now valued at $500,000
--> Future value (FV) of the condo in 5 years in 500,000 x 1.08^5 = $734,664
n = 5 years
i/r = 12%
Present value (PV) of the deposit now = 0 (no deposit has been made)
PMT (Amount of annual deposit need to be made) = ?
In order to find PMT, we need to input all the above info into financial calculator.
PMT = $115,643