Answer:
b. She receives $10,000
Explanation:
Taxes owed = (1/4 of income) - $15,000.
Taxes owed = (1/4 x 20,000) - $15,000.
= 5,000 - 15,000 => -10,000
Hence, she receives $10,000 from the government.
A negative income tax is a system where people earning below a certain amount receive supplemental pay from the government instead of paying taxes to the government.
Develop the product / Release the new product.
Answer:
lump sum= 19,925
Explanation:
Giving the following information:
To join an upscale country club, an individual must first purchase a membership bond for $30,000. In addition, monthly membership dues are $250. Suppose an individual wants to put aside a lump sum of money now to pay for her basic country club membership expenses (including the $30,000 bond) over the next 30 years. She can earn an APR of 6%, compounded monthly, on her investments.
First, we need to calculate the total amount of money needed:
Final value= 30,000 + 250*12*30= 120,000
Now, we need to use the following formula:
PV= FV/(1+i)^n= 120,000/1.005^360= 19,925
Answer
The answer and procedures of the exercise are attached in the following images.
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in 2 sheets with the formulas indications.
