Answer:
The correct option is B
Explanation:
According to income tax laws, an individual will pay mess capital gains tax when his basis in an asset is higher. From the example, John has a personal residence and to increase his basis, he needs to think of what to add to the residence such that the selling price would increase and thus capital gain tax will reduce. From the option, the best and likely thing that would increase the basis of his asset (the house) and lead to an increase selling price is adding a new garage.
Answer: $205,100
Explanation:
Cost of materials is the total amount spent on the materials that were used for production in the current period.
Formula is:
= Beginning raw material inventory + Raw material purchases - Ending raw material inventory
= 53,200 + 210,000 - 58,100
= $205,100
Answer:
A. are typically involved with producing the organization's products or providing its service
Explanation:
First-line managers are those who are directly above non-managerial workers. They are at the bottom of the managerial chain, but they are very important in a company.
A typical first-line management position is that of supervisor. The supervisor can oversee a production-line and check for quality standards, or can be the supervisor in a service-oriented firm, and check for possible improvements in customer service.
Complete Question
Annual rent $ 7,380
Insurance 145
Security deposit 650
Annual mortgage payments $9,800 ($9,575 is interest)
Property taxes 1,780
Insurance/maintenance 1,050
Down payment/closing costs 4,500 Growth in equity 225
Estimated annual appreciation 1,700
Assume an after-tax savings interest rate of 7 percent and a tax rate of 28 percent.
(a) Calculate the total rental cost and total buying cost.
Answer:
Explanation:
(a)Rental Costs
Buying Costs $7,380
Rent $9,800
The following calculations were made:
Interest lost on security deposit
= Security deposit × 7%
= $650 × 0.07 = $45.5
Interest lost on down payment and closing cost
= Down payment × 7%
= $4,500 × 0.07 = $315
Tax savings for mortgage interest =
Interest × 28%
$9,575 × 0.28 = $2,681
Tax savings for property taxes =
= Property taxes × 28%
$1,780 × 0.28 = $498
Since the equation C = 2.32N + 34,180 where C is the cost of raising a child and N is the income. So, if the Corlone family has an income of $40,000, you use the value of N to solve for C:
C = 2.32(40,000) + 34,180
C = 92,800 + 34,180
C = $126,980
Answer: C = $126,980
Credit to: @MsRay
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