Laura is a single taxpayer living in New Jersey with adjusted gross income for the 2019 tax year of $35,550. Laura's employer wi
thheld $3,410 in state income tax from her salary. In April of 2019, she pays $550 in additional state taxes for her prior year's tax return. The real estate taxes on her home are $1,800 for 2019, and her personal property taxes, based on the value of the property, amount to $400. Also, she paid $80 for state gasoline taxes for the year.
Prepare the taxes section to report Laura's 2018 deduction for taxes assuming she chooses to deduct state and local income taxes.
Prepare the taxes section to report Laura's 2018 deduction for taxes assuming she chooses to deduct state and local income taxes.
1 answer:
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Answer:
correct option is B. about 30 years
Explanation:
given data
real per capita GDP west = $10,000
annual growth rate = 2.33%
real per capita GDP east = $2,500
annual growth rate = 7%
to find out
How many years will it take for East to catch up GDP of West
solution
we know here that future value is equal to real GDP of west after time will be
future value = real per capita GDP west ×
future value = 10000 × .....1
and
future value = real per capita GDP east ×
future value = 2500 × .....2
compare equation 1 and 2
10000 × = 2500 ×
4 =
t = about 30 years
so correct option is B. about 30 years