Answer:
1. P = $156,560; Q = $203,440
2. P = $90,320; Q = 149,680
3. P = -$43,500; Q = $3,500
Explanation:
The explanation is given in images for each situation:
Answer:
December 31, year 9
Explanation:
Here, we want to state that date that is possible for Milo to acquire qualified replacement property.
In order to avoid being taxed on a gain resulting from an involuntary conversion, the property subject to the conversion must be replaced within a specified time, measured from the end of the calendar year in which the proceeds are received.
Generally, the period is 2 years, but it is 3 years when the involuntary conversion results from government condemnation or eminent domain and is extended to 4 years when the loss is in connection with a declared federal disaster area.
We are told from the question that Milo received the recovery on January 2, Year 5, the property would have to be replaced within 4 years from the end of Year 5 or by December 31, Year 9
Answer:
No options are given, but the most commonly used survey response methods are:
- Multiple choice questions = generally easy to code
- Rating scale questions = also easy to code, since response scales have a finite number of choices, e.g. 2 true/false, 3 agree/disagree/undecided, 5 very bad/bad/fair/good/excellent
- Matrix questions. = are a little bit more complex since they involve several rating scale questions, but it is not something difficult either
- Dropdown questions. = similar to multiple choice questions
- Open-ended questions. = this are hard to code since each subject can respond different things, e.g. the thing that I like the most about this project is bla, bla, bla. There are no pre-set answers given to the subjects. THIS TYPE IS THE MOST DIFFICULT TO CODE.
- Demographic questions = similar to multiple choice
- Ranking questions = similar to scaled questions
Answer:
exact actual growth rate of your purchasing power was 4.8%
Explanation:
given data
nominal rate of interest = 10%
inflation rate = 5%
solution
we get here exact actual growth rate that is express as
exact actual growth rate = 
..........................1
put here value and we will get
exact actual growth rate = 
exact actual growth rate = 4.8 %
so here exact actual growth rate of your purchasing power was 4.8%
Answer:
Gross Income:
= Earned wages + Interest from savings + Interest on home mortgage
= 93,260 + 1,340 + 4,500
= $99,100
Adjusted gross income:
= Gross income - Tax deferred plan - State taxes
= 99,100 - 6,300 - 1,359
= $91,441
Taxable income
= Adjusted gross income - Personal exemption - Standard deduction - Charity contribution
= 91,441 - 3,500 - 7,800 - 2,500
= $77,641
