Answer:
$0
Explanation:
the credit for the elderly is the lesser of the following:
1) taxes owed = $61
2) you calculate the credit for the elderly by subtracting $7,500 - $3,000 (social security benefits) = $4,500
then you subtract half of your AGI over $10,000 = ($22,000 - $10,000) x 50% = $5,500
the credit = $4,500 - $5,000 = $0 (there are no negative tax credits)
the lesser between $61 and $0 is $0.
Answer:
$1,125.98
Explanation:
market price of the bonds = present value of face value + present value of coupons
PV of face value = $1,000 / (1 + 0.0599)⁴ = $792.39
PV of coupons = coupon x {1 - [1/(1 + r)ⁿ]} / r = 96.25 x {1 - [1/(1 + 0.0599)⁴]} / 0.0599 = 96.25 x 3.34659 = $333.59
market value = $792.39 + $333.59 = $1,125.98
Answer:
Explanation:
Total revenue is the amount of money you got for selling all of your products/services.
Marginal revenue is the amount of money you got for selling the last unit of goods or services.
Answer:
Kelsey owns a cottage in which her aunt Matilda lives.
Kelsey wants to insure that Matilda can live in the cottage for the remainder of her life, but when Matilda dies, title to the property will return to Kelsey.
Kelsey can accomplish this objective by granting Matilda a Drag and Drop the appropriate terms into the spaces provided
A life tenant has the OBLIGATION to keep the property in good repair and to pay property taxes.
The two types of CURRENT ownership are tenancy in common and joint tenancy.
Concurrent ownership MENTIONATED can also be held in a tenancy by the entirety or as community property.
In most states, it is PRESUMED that a co-tenancy is a tenancy in common.
With a joint tenancy a deceased joint tenant's interest IS TRANSFERED to the surviving joint tenant or tenants.
The right of survivorship DISTINGUISHED a joint tenancy from a tenancy in common.
When a joint tenant transfers her or his rights to another without the consent of the other joint tenants, doing so TERMINATED the joint tenancy.
Explanation:
Kelsey and her aunt Matilda, they made an agreement so that Matilda can usufruct the house while she lives, and when she dies she becomes Kelsey.