Answer:
The debit to lease payable on July 1, 2019 will be $ 670,741.31
Explanation:
According to the details, the present value lease payable as on July 1, 2018 is= $ 718,000
Also, the annual lease payments is = $ 102,641
With these details we are able to calculate the debit to lease payable on 2019, and the calculation is as follows
= ($ 718,000- $ 102,641) + 9% ( $ 718,000 - $ 102,641)
= $ 615,359 + $55382,31
= $ 670,741 July 1, 2019 debit to lease payable
4000*.05=200 so 200 is ur interest 4000+200=$4200
The value of the investment could be unpredictable when the investment is volatile. To add up, the fluctuation patterns of the value could be a lot different than it should be. It can be observed in a graph that the curve just suddenly rises and falls covering only a smaller amount of time.
$3878.55
Explanation:
Step 1 :
It is given that Kristy has a biweekly gross earnings of $1950.
Since it is bi-weekly payments there are 26 payments in the year.
Gross earnings per year = 1950 * 26 = $50,700
Step 2 :
It is given that the social security tax is 6.2% up to $128,400. Kristy's earnings of 50,700$ does not exceed the threshold $128,400, hence 6.2% of her entire income is subject to social security withholding.
Social security withholding = 6.2% of 50,700 = 6.2*50700/100 = $3143.40
Step 3 :
It is given that Medicare tax is 1.45% with no wage limit
Medicare withholding = 1.45% of 50,700 = 1.45*50700/100 = $735.15
Total withholding = Social Security withholding + Medicare withholding 3143.40 + 735.15 = $3878.55
