Answer:
When a taxpayer has an underpayment of estimated tax or fall behind on his/her tax prepayment, then he/she is required to pay a penalty on Form 2210. This penalty is called underpayment penalty.
According to the tax laws, Mr. P and Ms. S can avoid an underpayment penalty if their withholding's and estimated tax payments equal or exceed one of the following two safe harbors:
- 90 percent of current tax liability ($200,000 x 90% = $180,000)
- 110 percent of previous year tax liability (110% x $170,000 = $187,000)
From the above calculation, it is clear that Mr. P and Ms. S's withholding's ($175,000) do not equal or exceed the amount of two safe harbors. So, they need to increase their withholding's or make estimated payments to avoid underpayment penalty.
If Mr. P and Ms. S increase their withholding's by $5,000 or make estimated payments of $1,250
per quarter ($5000/4), they can avoid the underpayment penalty.
Mr. Paula and Simon average gross income is greater than $150,000, so 110% is taken.
Answer:
The answer would be
Explanation:
You can specify which users or groups can access, view, or modify a shared folder and its contents. The access permissions of shared folders, as well as individual files and subfolders, can be customized for each user or group.
Share permissions manage access to folders shared over a network; they don’t apply to users who log on locally. Share permissions apply to all files and folders in the share; you cannot granularly control access to subfolders or objects on a share. You can specify the number of users who are allowed to access the shared folder.
There are three types of share permissions: Full Control, Change and Read. You can set each of them to “Deny” or “Allow” to control access to shared folders or drives:
* Read — Users can view file and subfolder names, read data in files, and run programs. By default, the “Everyone” group is assigned “Read” permissions.
* Change — Users can do everything allowed by the “Read” permission, as well as add files and subfolders, change data in files, and delete subfolders and files. This permission is not assigned by default.
* Full Control — Users can do everything allowed by the “Read” and “Change” permissions, and they can also change permissions for NTFS files and folders only. By default, the “Administrators” group is granted “Full Control” permissions.
Answer: 0.10%
Explanation:
The following can be gotten from the question:
n = 15 years
We change it to months. Thus will be:
= 15 × 12
= 180
Present value of an annuity :
= A × {1- (1 +r ) -n ]/r}
74000 = 450 × [ 1- (1 +r) - 180]/r
r= 0.10%
Therefore, the monthly interest rate is 0.10%.
Answer:
Dr Notes Payable 4500
Dr Interest expense 75
Cr Cash 4575
Explanation:
Based on the information given if On April 12, the Hong Company agrees to accept a 60-day which include the amount of $4,500 note from Indigo Company which means that in order to extend the due date on an overdue account the journal entry that Indigo Company would make, when it records payment of the note on the maturity date is :
Dr Notes Payable 4500
Dr Interest expense 75
(4500/60 days)
Cr Cash 4575
(4500+75)
Answer:
Amount after 12 year will be $30762.16
Explanation:
We have given amount invested = $15000
Rate of interest r = 6 %
Time t = 12 years
As investment is compounded daily
So rate of interest 
%
As 1 year = 365 days
So 12 year = 12×365 = 4380 days
We know that future value is given by
So 
$
So amount after 12 year will be $30762.16
