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muminat
4 years ago
15

What problems arise when people have personal debt

Business
1 answer:
Misha Larkins [42]4 years ago
7 0
They would be sick they would become homeless they would become hungry and they would have dessperrion and they wont be able to have a job.
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Perry, a single taxpayer, has taxable income of $198,000 and is in the 32% tax bracket. During 2020, he had the following capita
mr_godi [17]

Answer:

A. None of these.

Explanation:

Perry's capital gains taxes = $25,000 - $10,000 = %15,000 x 15%

both investments were held for periods longer than 1 year

Addition to Perry's ordinary income = $4,000 x 32%

since Perry only owned the investment for 8 months it is considered short term gain

8 0
3 years ago
Vargo Company has bonds payable outstanding in the amount of $500,000, and the Premium on Bonds Payable account has a balance of
irga5000 [103]

Answer and Explanation:

The journal entry is shown below:

Bonds Payable $500,000  

Premium on Bonds Payable $7,500  

         To Preferred Stock ($500,000 ÷ $1,000  × 20 × $50) $500,000

         To Paid-in Capital in Excess of Par (Preferred Stock) $7,500

(Being the preferred stock is recorded)

For recording this we debited the bond payable and premium on bond payable as it decreased the liabilities and credited the preferred stock and paid in capital as it increased the stockholder equity

7 0
4 years ago
Marvin, the vice president of Lavender, Inc., exercises a stock option to purchase 100 shares of stock in March 2020. The stock
Naily [24]

Answer:

None of the answer is correct.

Explanation:

When Marvin purchase stock in March 2020 at a price of $28. The exercise price for the stock is $20. When Marvin will sell the stock at the exercise price he will gain on the sale of the stock. AMT is the difference or spread between the stock exercise price and its underlying fair market value.

7 0
3 years ago
Your employees have an average salary of $37,000 per year. Their benefits, health insurance and a retirement plan, are worth $22
const2013 [10]

Answer:

i think that answer 15%percentage

4 0
3 years ago
Assume real per capita GDP in West Springfield is $10,000 while in East Vice City it is $2,500. The annual growth rate in West S
kicyunya [14]

Answer:

31 year will be taken

Explanation:

given data

real per capita GDP P1 = $10,000

East Vice City P2 = $2,500

annual growth rate r1 = 2.33%

East Vice City r2 = 7%

solution

we get here no of time period in year that is express here as

P1 \times (1+r1)^t = P2 \times (1+r2)^t     ........................1

put here value and we will get

10000 × (1+0.0233)^t   =  2500 ×  (1+0.07)^t  

take ln both side we get

ln ( \frac{10000}{2500} ) = t × ln ( \frac{1.07}{1.0233} )

1.386294 =  t × 0.04462

t = 31.068

time = 31 year

4 0
4 years ago
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