The correct answer is C. Money is safer in the bank.
Explanation:
The main point or position of Jonas is that savings should be kept in an account due to the costs associated with this. In this context, the only argument that refutes Jonas' position and it is directly related to the main point of Jonas is "Money is safer in the bank" because even if keeping savings in a bank requires to pay fees this guarantees the money will be safe, which does not occur if Jonas keeps his savings at home. Moreover, the safety factor makes the option of the bank better, which refutes Jonas position.
Answer:
Kristie reports the following income from KKM during the current tax year: (A) $54,000 ordinary income; $9,000 charitable contribution.
Explanation:
From the provided data;
KKM's net ordinary income = $180,000 ($280,000 ordinary income - $80,000 of office expenses - $20,000 payment to Kaylyn).
Since the cash distributions to Kaylyn and Megan are not deductible.
Kristie's share of this income is equal to
30% of KKM's net ordinary income
= 30% 0f $180,000
= $54,000.
In addition, Kristie reports 30% of partnership charitable contribution
= 30% of $30,000
= $9,000 of her share of the partnership's charitable contribution.
Therefore, Kristie reports the following income from KKM during the current tax year: $54,000 ordinary income; $9,000 charitable contribution.
It is included action for minimizeing risks
Answer:
Monthly installment= $168.77
Explanation:
<em>Loan amortization is a loan repayment arrangement where a loan is repaid using a series of equal installments over the years of the loan. Each installment covers the interest due and a portion of the principal balance
</em>
The monthly installment = Loan amount/monthly annuity factor
<em>Annuity factor = (1 - (1+r)^(-n))/r)
</em>
r - monthly interest rate, n- number of months
Monthly interest rate = 6%/12= 0.5%
Number of months = 15× 12 = 180
Annuity factor = ( 1-(1.005)^(-180))/0.005
= 118.50
Monthly installment = 20,000/168.771
= $168.77
Answer:
Monthly installment= $168.77
