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3241004551 [841]
3 years ago
12

Julia brings home ​$2 comma 200 per month after taxes.​ Julia's rent is ​$806 per​ month, her utilities are ​$136 per​ month, an

d her car payment is ​$277 per month. Julia is currently paying ​$196 per month to her orthodontist for her braces. If​ Julia's groceries cost ​$66 per week and she estimates her other expenses to be ​$204 per​ month, how much will she have left each month to put toward savings to reach her financial​ goals?
Business
2 answers:
Naddika [18.5K]3 years ago
8 0

Answer:

The amount left for Julia to save after all expenses have deducted from her take-home(disposable income) is $317 as shown below.

Explanation:

The amount that Julia can save is the amount left of her disposable income when all expenses are taken care of.

The amount that could be saved is computed thus:

Take-home amount               $2,200

Rent                                        ($806)

Utilities                                    ($136)

Car payment                           ($277)

Orthodontist payment            ($196)

Groceries($66*4 weeks)         ($264)

Other expenses                      <u> ($204)</u>

Savings                                    <u> $317</u>

Serjik [45]3 years ago
7 0

Answer:

$317

Explanation:

the amount left will be each month = net pay - total expenses

net pay ( after taxes) = $2,200

total expenses

rent                       $806

utilities                  $136

car                         $277

orthodontist          $196

groceries($66×4)  $264

others                     $204

total expenses =     $1,883

amount left each month = $2,200 - $ 1883

=$317

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2 years ago
Suppose that the United States fixes the dollar-pound exchange rate. In the process of maintaining the fixed exchange rate, if t
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Answer:

the fixed dollar-pound exchange rate is consistently below the equilibrium exchange rate that would be produced by a private foreign exchange market.

Explanation:

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3 years ago
Which of the following journals would a company use to record cash collections from customers, net of discounts taken?
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Answer:

b. Cash receipts journal.

Explanation:

When cash will be collected from customers net of discounts cash receipts journal will be used.

As at time of sale customers account will be debited and at the time when the payments will be received cash receipts journal will be debited and customer's account will be credited and accordingly, since cash is received and specific it is, General Journal will not be affected, and cash disbursements journal will also not be affected.

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. Joey purchased an n-year par-value 2,000 bond that had a coupon rate of 9% convertible quarterly. Todd purchased a par-value b
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Art is in the 24% marginal tax bracket for 2019. He owes a $10,000 bill for business expenses. Because he reports taxable income
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Answer:

$740.8

Explanation:

To answer this question the following steps are undertaken

1) We consider the Marginal tax bracket Art falls within. And it becomes obvious that his bracket in 2020 is higher than that of 2019. The implication of this discovery is that claiming expenses in 2020 will save more taxes for Art than in 2019.

2) What is his tax savings in 2020 = $10,000 x (0.32-0.24) = $800

Finally, since the present value of tax savings is 0.926

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