Answer:

Explanation:
Given
and 
Required
Show that they are equivalent
To do this, we simply convert both fractions to either decimal or improper fraction
Using improper fraction






After converting both to improper fraction, we have:

<em>Hence, both are equivalent</em>
Answer:
Maia’s alternative minimum taxable income is: =$119430
Explanation:
Given:
- Regular taxable income of $116,300
- State income taxes $3,130
From that, we can find out the taxable income
= Regular taxable income + State income taxes
= $116,300 + $3,130
=$119430
Because the deduction spent on charitable contributions will not consider as taxable income because charitable contribution is a deductible amount from a person's taxable income.
So, Maia’s alternative minimum taxable income is: =$119430
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Answer:
the internal rate of return is 6%
Explanation:
The computation of the irr is shown below
Given that
Initial investment = $588.81
And yearly cash flows for the next 10 years is $80
Now for determining the internal rate of return we have to apply the formula
= IRR()
After applying the internal rate of return formula, the internal rate of return is 6%
Hence, the internal rate of return is 6%