Answer:
$565
Explanation:
First of all, the person that receives a gift does not pay taxes for it. Also, proceeds from a life insurance policy are not taxable either. Municipal bonds are not taxed by the federal government.
This means that Juanita's taxable income = $400 interests from Treasury bonds + $165 interests from savings account = $565.
Answer:
"Shirley did not actually rely on Joe's misstatement" is the correct answer.
Explanation:
- Reliance means that the individual adopts a way to proceed due to various his/her confidence in a statement that she has established.
- For lack of understanding to occur, a causal relationship may well have been formed between some of the claims as well as the determination of the authority concerned to implement the arrangement.
- Because Shirley wasn't really conscious that someone had presented an argument, there would be no dependency. Therefore, she can't extrapolate a rescission upon this.
Answer:
I am willing to pay $1,202,235.89 for this annuity.
Explanation:
Calculate Present value of future cash flow to calculate the price for the annuity should be paid now.
Monthly receipt = PMT = $200,000
Number of years = n = 25 years
Rate of return = r = 16.25% = 0.1625
PV = PMT x [ 1- ( 1 + r )^-n )] / r
PV = $200,000 x [ 1 - ( 1 + 0.1625 )^-25 ) ] / 0.1625
PV = $200,000 x [ 1 - ( 1.1625 )^-25 )] / 0.1625
PV = $1,202,235.89
Answer:
I agree with that, because all of them have good bussiness ideas.
Answer:
D) the cost of the lease on the mower storage facility
All the other options are variable cost.
Explanation:
Fixed cost are costs that do not change as a result of increase or decrease in the amount of goods and services produced. They are expenses that have to be paid irrespective of business activities such as taxes, salaries of administrative staffs, lease of equipment, insurance and so on.
Variable costs are costs dependent on the amount of goods and services produced such as cost of fuel, cost of raw materials, cost of labor to run a machinery.
