Basing it on the information given, he
will owe an additional $731.
<span>Since your taxable income has been
identified, you just look up your income, find the column with your filing
status, and then find the amount of tax you owe.</span>
Answer:
$4,044
Explanation:
Calculation for how much of the taxes will be credited to the buyer
First step is to divide the annual taxes by the numbers of days in a year
$8,200 / 365 days
= $22.466 per day
Second step
Based on the information given we were told that the Seller's ownership started from January 1- June 29 which gave us 180 days, this means that we would multiply $22.466 per day by 180 days in order to know how much of the taxes will be credited to the buyer
Hence,
Amount credit to the buyer=180 days
x 22.466
Amount credited to buyer= $4,044
Therefore the amount of the taxes that will be credited to the buyer will be $4,044
Aggregate demand over the long-term equals gross domestic product (GDP) because the two metrics are calculated in the same way. GDP represents the total amount of goods and services produced in an economy while aggregate demand is the demand or desire for those goods
Answer: Option D
Explanation: Annuity due refers to the chain of equal payments that is made at the end of a period usually one year. The payments do not increase over time.
While in case of ordinary annuity the payment is done at the end of the period and do not rise with the passage of time.
Hence from the above we can conclude that the correct option is D.
Answer:
$54,042.77
Explanation:
For computing the amount need to have in your bank today we need to apply the present value formula i.e to be shown in the attachment
Given that,
Future value = $0
Rate of interest = 0.76%
NPER = 4 quarters × 4 = $3,600
PMT = $3,600
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after applying the above formula, the present value is $54,042.77
