Answer:
a) Is Santhosh required to increase his withholding or make estimated tax payments this year to avoid the underpayment penalty?
- No he is not required to make any payments or increase his withholdings because this year's withholdings already represent a 133% increase with respect to last year's tax liability. If the withholdings for the current are over 100% last year's tax liability, then the taxpayer doesn't need to make any further adjustments in order to avoid underpayment penalties.
b) By how much, if any, must Santhosh increase his withholding and/or estimated tax payments for the year to avoid underpayment penalties?
Answer:
C. behavioral decision-making style
Explanation:
A behavioral decision-making style is a characteristic of an individual who displays the ability of an open policy system where everyone is accommodated with a sense of belonging.
A.Grants/Scholarships - Federal Student Loans - Private Loans B.Private Loans - Grants/Scholarships - Federal Student Loans
C.Federal Student Loans - Grant/Scholarships - Private Loans D.Grants/Scholarships - Private Loans - Federal Student Loans
I think the correct answer from the choices listed above is option D. When looking to finance higher education, the best order to look for funding sources should be Grants/Scholarships - Private Loans - Federal Student Loans. Hope this answers the question. Have a nice day.
Answer:
$6,000
Explanation:
According to the scenario, computation of the given data are as follow:-
We can calculate the Interest Expenses of Total Bond by using following formula:-
Interest Expenses = Face Value × Rate of Bonds
= $56,000 × 10%
= $5,600
Amortization Expenses = (Bond Issue Price - Bond Face Value) ÷ Bond Term
= ($60,000 - $56,000) ÷ 10
= $400
Interest Expenses of Total Bond = Interest Expenses + Amortization Expenses
= $5,600 + $400
= $6,000
