Answer:
Luke's net tax due or refund is $2,900
Explanation:
In order to calculate Luke's net tax due or refund we would have to make the following calculation:
Luke's net tax due or refund=Luke's non refundable credit+income taxes withheld from his salary
Luke's non refundable credit=non refundable personal tax credit-gross tax liability
Luke's non refundable credit=$2,400-$1,800
Luke's non refundable credit=$600
Therefore, Luke's net tax due or refund=$600+$2,300
Luke's net tax due or refund=$2,900
Luke's net tax due or refund is $2,900
Answer:
c. suggest a listing price based on comparable market data.
Explanation:
A bond can be defined as a debt or fixed investment security, in which a bondholder (creditor or investor) loans an amount of money to the bond issuer (government or corporations) for a specific period of time.
Generally, the bond issuer is expected to return the principal at maturity with an agreed upon interest to the bondholder, which is payable at fixed intervals.
The par value of a bond is its face value and it comprises of its total dollar amount as well as its maturity value. Also, the par value of a bond gives the basis on which periodic interest is paid. Thus, a bond is issued at par value when the market rate of interest is the same as the contract rate of interest. This simply means that, a bond would be issued at par (face) value when the bond's stated rated is significantly equal to the effective or market interest rate on the specific date it was issued.
Generally, a listing broker should suggest a listing price based on comparable market data.
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Answer: All the options given are correct.
Explanation:
Income inequality is the differences in income of people. It is the aim of every government to reduce income inequality in a country by taking appropriate measures such as the use of progressive tax, infrastructural provision etc.
There are different causes of income inequality in an economy. One of the causes is differences in people's ability. Some peolle are more talented than others e.g footballers and actors. As a result, they may earn higher income than others.
Also, one who works longer hours is likely to make more money than others who work for shorter hours. Some people might also get wealthy through luck.
Answer:
Of course Jo-Anne Roberts can keep the apartment.
Explanation:
Jo-Anne and the previous owner of the apartment had a valid contract by which Jo-Anne was to pay $3.7 million for the apartment. She has already partially completed her performance on the contract, so the seller must perform his part of the contract.
