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Answer:
$8,300
Explanation:
Calculation for what Elroy's incremental profit or loss would be if he chooses option 2 over option 1
Using this formula
Incremental Profit of option 2 over option 1= Profit from option 1 - Profit from option 2
Let plug in the formula
Incremental Profit of option 2 over option 1= ($3,600*3)-(3*$1,100 - $800)
Incremental Profit of option 2 over option 1= $10,800 - $2,500
Incremental Profit of option 2 over option 1= $8,300
Therefore Elroy's incremental profit or loss would be if he chooses option 2 over option 1 would be $8,300
Answer:
The correct answer is C
Explanation:
The seller consideration is the consideration which is defined as to take the property off the place as well as the market it into the escrow.
For example, if the buyer wants to bought the house, then the buyer will provide an earnest amount of money deposit (it will be the consideration of the buyer), and the seller would agree to sell the home to the buyer (it is the seller consideration).
So, in the agreement of sale and the purchase of the real estate, the seller consideration is to give the property to the buyer.
Answer:
The correct answer is $10,800.
Explanation:
According to the scenario, the given data are as follows:
Jill's salary = $90,000
Jill's maximum contribution = 12%
So, we can calculate Jill's maximum tax-deferred contribution by using following formula:
Maximum tax-deferred contribution = Jill's salary × Maximum contribution percentage.
= $90,000 × 12%
= $90,000 × 0.12
= $10,800
Hence, Jill's maximum tax-deferred contribution to the plan for the year is $10,800.
