Answer:
$7,580
Explanation:
In April of this year, Tim paid $1,160 with his state income tax return for the previous year.
Tim had $5,200 of state income tax
Tim made estimated payments of $1,220 of state tax.
Therefore:
$1,160 + $5,200 +$1,220=$7,580
Tim can deduct the state taxes paid with state income tax return for the previous year, state tax which was withheld during the year, and estimated payments of state tax, a total of $7,580 in which the expected refund next year will not affect the deductions for this year, due to the fact that it may be taxable next year under the tax benefit rule.
Answer:
The right solution is Option A "buys $300000 worth rupees bonds".
Explanation:
Given:
Money multiplier,
= 3
Change in money supply,
= $900000
As we know,
⇒ 
Or,
⇒ 
On putting the values, we get
⇒ 
⇒ 
($)
Answer:
B. The distribution will be a dividend if current earnings and profits are positive and exceed the distribution.
Answer:
The spot rate in two years time = SF 12.99
Explanation:
The purchasing power parity states that the relationship between the current and future spot rate between two currencies can be linked to the differences in the expected inflation rate between the currency.
This relationship can be expressed as follows:
S1= So× (1 + hc)/(1 + hb)
So= Current spot rate, Hc- inflation rate in Switzerland, Inflation rate in Britain
Spot rate in a year's time
S1= 12.50, Hc=6%, Hc=4%
S1= 12.50× (1.06/1.04)
S1=12.74
Spot rate in two year's time
S1= 12.74× (1.06/1.04)
S1= 12.99
The spot rate in two years time = SF 12.99
