In general, if you have more types of deductions on your tax, the 1040 forms maybe more appropriate for you because it provide you with various options to claim deductions or credit.
The 1040Ez on the other hand only offer a simple format that only beneficial for taxpayers who made certain conditions.
Answer: 4%
Explanation:
From the question, we are informed that Pension plan assets were $1,200 million at the beginning of the year and $1,252 million at the end of the year and that at the end of the year, retiree benefits paid by the trustee were $28 million and cash invested in the pension fund was $32 million.
Based on the above scenario, the percentage rate of return on plan assets goes thus:
Opening balance of plan assets 1200
Add:- Actual return = 48
Add:- contributions = 32
Less :- retiree benefits = -28
Closing balance of plan assets = 1252
It should be noted that the actual return is the balancing figure which is calculated as:
= 1252 + 28 - 1200 - 32
= 48
The percentage rate of return on plan assets will now be:
= 48/1200
=0.04
= 4%
Answer: 204.76%
Explanation:
In the earlier scenario, furniture maker manufactured 47 (42 non defective) pieces per 5 laborers working 8 hours day.
Thus, the productivity in terms of units per labor hour is as follows:
= 1.05
Similarly, after the process improvement, the productivity in units per labor hour would be:
= 3.2
Thus change in productivity would be calculated as:
= 2.047 × 100
= 204.76%
Thus, the productivity of non defective parts would increase by 204.76%.
Answer:
$90; $900
Explanation:
Given that,
Amount of deposits = $100
Required reserve ratio = 10%
Required reserves:
= Amount of deposits × Required reserve ratio
= $100 × 10%
= $10
Excess reserves = Deposits - Required reserves
= $100 - $10
= $90
Money multiplier:
= 1/ Required reserve ratio
= 1/ 0.1
= 10
Money Supply:
= Amount of excess reserves used for lending × Money multiplier
= $90 × 10
= $900
The money supply could eventually grow by as much as $900.
