Answer: $1,591.80
Explanation:
This is an annuity as the deposits are constant.
The Future value of an annuity is;
= Annuity * Future value interest factor of annuity, 6% , 3 years
= 500 * 3.1836
= $1,591.80
Ans
Explanation:
Wealth inequality in the United States (also known as the wealth gap) is the unequal distribution of assets among residents of the United States. Wealth includes the values of homes, automobiles, personal valuables, businesses, savings, and investments.
Answer:
$7,266 net deferred tax expense.
Explanation:
Calculation to determine what deferred income tax expense or benefit would be
Using this formula
Deferred income tax expense=[(Tax depreciation exceeded book depreciation-Increase in reserve for bad debts)* Tax rate ]
Let plug in the formula
Deferred income tax expense=[($40,400-$5,800)*21%]
Deferred income tax expense=34,600*21%
Deferred income tax expense=$7,266
Therefore the deferred income tax expense or benefit would be $7,266
