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Gelneren [198K]
3 years ago
8

Seth invested $44,000 in Series EE savings bonds on April 1. By December 31, the published redemption value of the bonds had inc

reased to $45,420. How much interest income will Seth report from the savings bonds in the current year absent any special election
Business
2 answers:
Alik [6]3 years ago
7 0

Answer:

Seth will not report any interest income on the Series EE savings bond unless he elects to have the increase in redemption value taxed currently.

Explanation:

On Series EE bonds, If seth elects cash-based reporting on income tax, he can defer payment of taxes on the interest income of Series EE savings bonds until he redeems the bond or 30 years from the date it is issued. So Seth has to pay report no interest income by December 31 unless he elects to have the increase in redemption value taxed currently.

Lunna [17]3 years ago
5 0

Answer: $0

Explanation:

Series EE Bonds are interest - bearing the United State of American government savings bonds which has guarantee to at least doubling in value over their normal 20-year initial terms. Few Series EE bonds pay interest above the original due date, up to 30 years from issuance

Seth will not report any interest income from the EE savings bonds currently unless he elects to have the increase in redemption value taxed currently.

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Government Purchases $15 Personal Consumption 120 Gross Investment 25 Consumption of Fixed Capital (depreciation) 5 Exports 8 Im
beks73 [17]

Answer: $156

Explanation:

The gross domestic product is referred to as the value of the final goods which a particular country produces for that economy.

Based on the information given, the GDP will be calculated as:

GDP = C + I + G + X - M

where C = consumption = $120

I = Investment = $25

G = government purchases = $15

X = exports = $8

M = imports = $12

GDP = C + I + G + X - IM

GDP = $120 + $25 + $15 + $8 - $12

GDP = $156

4 0
3 years ago
Nick is working for an advertising firm making $60,000 per year but considers starting his own advertising company. Nick has det
adoni [48]

Answer:

$66,000

$304,000

Explanation:

The computation is shown below:

Total implicit cost is

= Job left cost + forgone the return on investment

= $60,000 + $100,000 × 6%

= $60,000 + $6,000

= $66,000

And, the total cost is

= explicit cost + implicit cost

= $50,000 + $180,000 + $8,000 + $66,000

= $304,000

We simply applied the above formulas so that the correct values could come

4 0
3 years ago
What are the forces that together comprise the invisible hand?
nalin [4]
The answer to the question asked  above are <span> self-interest, competition, and supply and demand, it was noted for having the capaility of allocating resources in society.</span>


Hope my answer would be a great help for you.    If you have more questions feel free to ask here at Brainly.
7 0
3 years ago
Read 2 more answers
Loren files a suit against Mabel, alleging a failure to pay for the harvest of Mabel's orchards. Mabel denies Loren's charge and
True [87]

Answer: COUNTERCLAIM

Explanation: Counterclaim is a term mainly used in legal matters,to refer to claim allegedly made by a defendant against the claims of an apellant. The issues concerning Loren and Mabel is a case of Counterclaim.

Counterclaim puts both persons involved in the suit in the same level,as the Court will have to review both claims and determine who is at fault or guilty and the level of Compensation required by either or both of the parties.

4 0
3 years ago
Read 2 more answers
A company wants to analyze the following investment option using its rate of return. They use a MARR of 15% to determine whether
morpeh [17]

Remainder Part of Question:

                                                Cash Flow

Initial Costs                              $365,000

Annual Benefits                       $90,000

Operation and Maintenance   $15,000

Salvage Value                          $25,000

Lifetime in years                       10 Years

Answer:

As the IRR > MARR, hence the investment is financially viable.

Explanation:

Find the attachment below:

4 0
3 years ago
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