The IRS and the U.S Department of the treasury declared that social security recipients are not required to file a simple tax return to receive stimulus payments under the CARES Act.
Explanation:
Due to the impact of corona virus problem, the CARES Act calls for stimulus payment to be sent to Americans based on their gross income.
The Social security recipients are not required to file a tax return and do not take action and they will receive the payments directly to their bank accounts.
The Automatic payments will begin by next week. The eligible taxpayers who filed tax returns for 2019 or 2018 and chose direct deposit for their refund will automatically receive a stimulus payment of $1,200 for individuals or $2,400 for married couples and $500 for each qualifying child.
Answer:
SPCA factor
Single payment compound amount factor.
Total amount pay A = $24,230.95 (Approx)
Interest paid = $4,230.95 (Approx)
Explanation:
Given:
P = $20,000
n = 6 year
r = 3.25%
Find:
Total amount pay A
Computation:
A=p(1+r)ⁿ
A=20,000[1+3.5%]⁶
A=20,000[(1.0325)⁶]
Total amount pay A = $24,230.95 (Approx)
Interest paid = $24,230.95 - 20,000
Interest paid = $4,230.95 (Approx)
Answer:
Dude just like forget the highway and drive on the interstate bruh
Explanation:
