Answer:
$600
Explanation:
If instead of itemizing, Mary had elected the standard deduction last year, then she wouldn't have to include any state income tax refund on her current gross income. But since she itemized her deductions and actually deducted these $600 from her gross income last year, she must include them in he current gross income.
Answer:
Explanation:
Victor's recognized gain equals to zero, because this exchange qualifies under Sec. 368 as a tax-free reorganization.
Answer and Explanation:
The challenges that occurs is as follows;
1. Adaption of an outside atmosphere
2. Language related problem
3. Every person have different kind of understanding skills that is difficult also it must be adopted for explaining the project to the other people
So as per the given statement, the above represent the challenges that arise in the case when the project manager shifted to a foreign country for managing a project of 5 years
Answer:
PV=$10,593,984.88
Explanation:
This cash-flow described represents a growing annuity.
Present value of a growing ordinary annuity is calculated as follows:
PV=![\frac{P}{i-g}*[1-[\frac{1+g}{1+i}]^n]](https://tex.z-dn.net/?f=%5Cfrac%7BP%7D%7Bi-g%7D%2A%5B1-%5B%5Cfrac%7B1%2Bg%7D%7B1%2Bi%7D%5D%5En%5D)
where P = the annuity payment in the first period
i = interest rate per period that would be compounded for each period
g = growth rate
n = number of payment periods
from the question. P= $1,000,000; i=0.1; g= 0.04;n=18
PV=![\frac{1,000,000}{0.1-0.4}*[1-[\frac{1+0.04}{1+0.1}]^1^8]](https://tex.z-dn.net/?f=%5Cfrac%7B1%2C000%2C000%7D%7B0.1-0.4%7D%2A%5B1-%5B%5Cfrac%7B1%2B0.04%7D%7B1%2B0.1%7D%5D%5E1%5E8%5D)
= $10,593,984.88
