Answer: $70,000
Explanation: Add ending + Beginning
Answer: Keeping a log of business expenses Ignoring earnings from a lawn mowing business (Tax evasion )
Not reporting interest earned on a savings account ( tax avoidance )
Keeping a log of contributions to a charity ( tax avoidance )
Not reporting tips Claiming your dependents as tax deductions ( tax evasion )
Explanation: by keeping a log of expenses and ignoring the income of a lawn business you are deliberately carrying out tax evasion because you are not declaring your total earnings and profits.
By not reporting interest earned on a savings account you are devising a means to pay a lower tax legally.
Keeping a log of donations to charity
this is a perfect example of tax avoidance because by donating to charity you are trying to avoid paying high taxes legally.
By not reporting tips earned you are trying to evade paying additional tax.
B. Usually when you engage in tax evasion you risk exposing yourself to greater cost, which usually higher than normal. Once discovered fine payable can be as much as three times the amount concealed.
The term that best fits the blank provided above is LOYALTY CARD. This kind of system allows the provision of rewards and incentives for consumers and this would also allow detailed recording and the tracking of the activities of the consumers. Hope this helps.
Answer:
$13,316.54
Explanation:
Data provided in the question:
Inflation rate, i = 1.2% = 0.012
Deposits = $11,000
Interest rate, r = 6% = 0.06
Time, t = 4 years
since compounded monthly, number of periods n = 12
Now,
Future value of money with the interest
= Deposits × ![[1+ \frac{r}{n}]^{n.t}](https://tex.z-dn.net/?f=%5B1%2B%20%5Cfrac%7Br%7D%7Bn%7D%5D%5E%7Bn.t%7D)
= $11,000 × ![[1+ \frac{0.06}{12}]^{12\times4}](https://tex.z-dn.net/?f=%5B1%2B%20%5Cfrac%7B0.06%7D%7B12%7D%5D%5E%7B12%5Ctimes4%7D)
= $13,975.38
Considering the inflation,
Amount after 4 years = Future value × [1 - i ]ⁿ
= $13,975.38 × [1 - 0.012]⁴
= $13,316.54
This isn't really a place for advertising but alright
