Answer:
$60,000
Explanation:
Given:
Purchase price = $80,000
Old mortgage value = $65,000
Market value of house = $110,000
New mortgage value = $50,000
Equity in the house = ?
Computation of Equity in the house :
Equity in the house = Market value of house - New mortgage value
Equity in the house = $110,000 - $50,000
Equity in the house = $60,000
Answer:
The answer is $190,000.
Explanation:
We are given the information about the total price of the home and other payments made by Sandra towards the purchase of the home.
An earnest money check can be counted towards the down payment. She also pays an amount of $7,000 for the down payment which the total of the two adds up to $10,000.
Subtracting that from the price of the home, she should bring $190,000 to the closing.
I hope this answer helps.
The formula to solve the net income earned during the year is;
Increase in retained earning + Dividends = Net income
$4.3 million + $2.3 million = $6.6 million.
I just revised the formula of increase of retained earning which is Increase of retained earning = net income - dividends.
Yes give you a chance to get ahead
Answer:
<h2>
total payroll tax expense $11.080</h2>
Explanation:
First, calculate the total expense in salaries.
100 * 40 * 20 = $80.000
Based on this amount, calculate the taxes associated.
Fica Taxes : 80.000 * 0.765 = 6.120
Unemployment taxes: 80.000 * 0.062 = 4.960
<h2>
total payroll tax expense $11.080</h2>