Answer:
40%
Explanation:
Given:
Net income of Victor Malaba = $ 1,240 per month
Amount spend on food = $150
Amount spend on a car payment = $244
Amount spend on rent = $300
Amount for savings = $50
Thus,
Total expenses = $ 150 + $ 244 + $ 300 + $ 50 = $ 744
the total amount left after the above expenses = Net income - The total expenses
or
The amount left = $ 1,240 - $ 744 = $ 496
Therefore, the percentage of net income that can he can spend on other things = 
or
The percentage of net income that can he can spend on other things = 40%
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Answer:
Fund balance at December 31th, 2030 $ 1,381,644.80
Explanation:
We should calculate the future value of a 10-years annuity of 100,000 at 7% interest rate:
C 100,000
time 10 years
rate 7% = 7/100 = 0.07
FV $1,381,644.7961
Answer:
a.
Explanation:
According to my research on different industry business plans, I can say that based on the information provided within the question the answer that does not describes the firm's situation would be that entrepreneurs outside the industry will be eager to enter. This is because it doesn't have anything to do with the business' situation and does not make sense since entrepreneurs that are not even part of this industry would be looking to form their own businesses.
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Answer:
Timothy has an excess business loss of $ 0. He may use $ 290,000 of his share of the $580,000 LLC business loss to offset non-business income
.
Prada has an excess business loss of $40,000. She may use $250,000 of her share of the $580,000 LLC business loss to offset non-business income
.
Any excess business loss is treated as part of the treated as part of the taxpayer's net operating loss (NOL) carry-forward.
Explanation:
1. Nonincome loss is claimed when there is no income and therefore no tax will be deducted. The is conditional on the provision of the details of income on which non-income loss is claimed.
2. Taxpayer's net operating loss (NOL) carry-forward is relevant here because it is often used to offset the tax payments in other tax period through the tax authority when allowable deductions is higher than taxable income.