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GrogVix [38]
3 years ago
15

Mike Barr was an outstanding football player in college and expects to be drafted by the NFL in the first few rounds. Mike has l

et it be known that he would prefer to sign with a club located in Florida, Texas, or Washington. Mike sees no reason why he should have to pay state income tax on his player’s salary. Is Mike under any delusions? Explain.
Business
1 answer:
SOVA2 [1]3 years ago
5 0

Answer:

The answer is: Mike will have to pay state income tax even if he is signed by teams from Florida, Texas or Washington, due to Jock Taxes that are levied on professional athletes.

Explanation:

Mike could be selected by a team from Florida, Texas or Washington (6 possibilities out of 32 teams) and not pay any state income taxes for the games they play at home.

He will have to pay state income taxes for the other games his team plays outside those 3 states and Washington DC. Most states (47) collect a Jock Tax which means that professional athletes that reside outside the state must pay state income taxes when they play a visiting game in their state.

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Ida studies the economic landscape of bolivia. her research has led her to believe that bolivia will never develop until it aban
yawa3891 [41]

The correct answer to this is:

Ida’s view is bescribed using the “Modernization theory”.

Modernization theory is a theory used to explain the procedure of transformation that a nation goes through as it transitions from a traditional society to a modern one. In specific, this refers to the conversion from a traditional, rural, and agrarian society into a urban, industrial society. Modern society is industrial after all. Therefore to modernize a society is, first of all, to industrialize it. In this case, for Bolivia to progress, it has first to modernize.

4 0
3 years ago
As the assistant to the CFO of Johnstone Inc., you must estimate its cost of common equity. You have been provided with the foll
Brut [27]

Answer:

The cost of common equity from reinvested earnings is 11.84%

Explanation:

The constant growth model of DDM or DCF approach is used to calculate the price of a stock today whose dividends are expected to grow at a constant rate forever. The model values the stock based on the present value of the expected future dividends form the stock.

The formula for price today under this model is,

P0 = D0 * (1+g) / (r - g)

Where,

  • P0 is price today
  • D0 is the dividend today
  • r is the cost of equity
  • g is the growth rate in dividends

Plugging in the available values for all the variables, we can calculate the r or cost of common equity to be,

22.5 = 0.8 * (1+0.08) / (r - 0.08)

22.5 * (r - 0.08) = 0.864

22.5r - 1.8 = 0.864

22.5r = 0.864 + 1.8

r = 2.664 / 22.5

r = 0.1184 or 11.84%

3 0
2 years ago
Before you could train as a physician, you first had to become _____.
hichkok12 [17]
Before you could train as a physician, you first had to become, a SCRIBE
6 0
2 years ago
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Driving does not require a high degree of awareness in the driving environment. a) true b) false
mojhsa [17]
The answer is B ) False.
5 0
3 years ago
Read 2 more answers
The city wants to pave the road in front of Sam Smith's house. Sam has 110 front feet. The cost to pave is $35 a linear foot and
Anna71 [15]

Answer:

$1,443.75

Explanation:

The total cost for paving Sam's portion of the road = $35 per linear foot x 110 front feet =  $3,850

If the city is going to pay 25% of the total cost, then it will pay $962.50, that would leave a total of $2,887.50 to be paid between Sam and his front neighbor. So Sam's share = $2,887.50 / 2 = $1,443.75

4 0
2 years ago
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