The correct answer should 1.1333
If 24 of the 60 were saved then the percent saved is
(24/60) x 100
Let's imagine for a second that all 60 was saved, then 100% of the money would be saved. Which makes sense, because
(60/60) x 100 = 100%
So the amount saved dived by the amount earned all times 100 is the percent saved.
Answer:
The Bluejay Apartments
1. Tax Effects of the following Alternatives:
i. $1,000 damage deposit with no rent prepayment
No tax will be paid by The Bluejay Apartments until the deposit will no longer be refunded.
ii. $500 damage deposit and $500 rent for the final month of the lease
Tax will be paid on the rental income of $500 and on the $500 if it will no longer be refunded. If it is taken as part of the rent income for a month, then tax will be paid on a total income of $1,000.
iii. $1,000 rent for the final two months of the lease and no damage deposit
Tax will be paid on the rent income of $1,000.
b) From a tax point of view, option i is recommended.
Step-by-step explanation:
According to the IRS, a security or damage deposit is not taxable when it is received by the landlord. It becomes taxable income when the landlord is no longer obligated to return it to the tenant. The reason a damage deposit is not taxed is that it is recorded as an asset and not an expense or income.
Answer:
List price (original price) = $350
Discount amount ($ saved) = $133
Step-by-step explanation:
The list price is the sale price ($217) divided by the difference of 1 minus the result of the discount (38%) divided by 100.
