Answer:
15 percent; 12 percent
Explanation:
Reserves is defined as the required amount that a bank must hold in its vault and at the nearest Federal Reserve bank. It is a proportion of the total deposits that customers have with the bank.
Reserve = Cash in vault + Cash with Federal Reserve
Reserve = 70 million + 80 million
Reserve= $150 million
Reserve ratio= (Reserve ÷ Total deposit) * 100
Reserve ratio= (150 million ÷ 1 billion) * 100
Reserve ratio= 15%
A fall in reserve requirement causes excess reserve of $30 million
New reserve= Old reserve - Excess reserve
New reserve= 150 million - 30 million= $120 million
New reserve ratio= (120 million ÷ 1 billion) * 100
New reserve ratio= 12%
Answer:
C. $300,000
Explanation:
Shue Capital Account:
contribution 50,000
partnership income x 30%
withdrawals (240,000)
change in capital account (100,000)
50,000 + Shue profits - 240,000 = -100,000
Shue profit = 240,000 - 100,000 - 50,000
Shue profit = 90,000
Partnership profit:
90,000 / 0.30 = 300,000
Answer:
Q's NIIT is $5,776
Explanation:
Net Investment Income Tax (NIIT) is imposed through the Section 1411 of the IRC (Internal Revenue Code). It is applied at the rate of 3.8% to the net investment income of individuals.
The threshold amount for Single amounts to $200,000.
In this case, the modified adjusted gross income was $352,000 which is more than the threshold income. So, at 3.8% rate it will applied.
Net investment income = Profit - fees
= $352,000 - 0
= $352,000
Therefore, the threshold limit will be excluded. So, the remaining balance will be $152,000
= $152,000 × 3.8%
= $5,776
Note: This is the correct answer.
Answer: $12800.36
Explanation:
Investment amount = 12,500*(1-0.03) = 12,125
Future vaue in one year,FV1 is 12,125*1.08 = 13,095.00
After expenses we get, 13,095.00*(1-0.0225) = 12,800.36
Answer: Option D
Explanation: In simple words, burnout refers to the state of mind in which an individual feels exhausted and disappointed due to excessive stress which is caused by constant demand and work.
Burnout of an individual reduces his or her energy level and makes them feel hopeless and helpless in the current situation. This condition causes emotional damages the victim leading to mental issues such as anxiety disorder and panic attacks etc.
Hence from the above we can conclude that the correct option is D