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3 years ago

Proper use of child safety seats reduces

2 answers:

7 0

It gives the child more protection so like say we didn't have seat belts then you got into a car accident then you would fly forward and if you had a seatbelt it wouldn't make you fly forward

k0ka [10]3 years ago

6 0

Injury in car accident

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You deposit $5,000 per year at the end of each of the next 25 years into an account that pays 8% compounded annually. How much

Volgvan

Answer:

The correct answer is A. $18,276

Explanation:

First you have to calculate how much you'd end up having at the end of the 25 years period in your savings account.

You calculate the total amount saved for each year, using the formula:

$S_{n} = S_{n-1} *(1+r)+D$

Where

$S_{n}$ is the total amount in the savings account for this period.

$S_{n-1}$ is the total amount in the savings account from the previous period.

$r$ is the interest rate.

$D$ are the annual deposits being made into the savings account.

Therefore for the first year you'd do:

$S_{1} = S_{0} *(1+r)+D$

$S_{1} = 0*(1+0.08)+5000=5000$

For the second year:

$S_{2} = S_{1} *(1+r)+D$

$S_{2} = 5000*(1+0.08)+5000=10400$

And so on. You can help yourself calculate the value of this series using programs like Excel.

I have attached an Excel file that has a table with the savings values for each of the 25 years.

So, the 25th year you’ll have $365,529.70 in your savings account. Now you simply divide this number by 20 (that will be the number of years you’ll be withdrawing the same dollar amount from your savings account):

$Withdrawals = 365,529.70/20=18,276.485$

In conclusion, you’d be able to withdraw $18,276.485 each year for the following 20 years after the 25th deposit, if all withdrawals are the same dollar amount.

Download xlsx

3 0

3 years ago

Which of the following statements about taxes is FALSE?

enot [183]

States dont collect income tax the government does so B

5 0

2 years ago

Read 2 more answers

A(n) ________ is a written agreement in which the owner of a piece of property allows an individual or business to use the prope

natka813 [3]

Answer:

Lease

Explanation:

A lease is a contractual agreement between a lessee and a lessor, where the lessee promises to pay the lessor for the usage of his assets. Here, the assets usually leased are properties, industrial or business equipments, buildings and vehicles and are used for a specified period of time in exchange for payments.

The lessee is the one making use of the assets, while the lessor is the one receiving value for the assets leased. Unlike a rent which payment is made regularly upon its expiration usually monthly, a lease is usually for a specified period of time.

3 0

2 years ago

If you were in charge of developing a tax system for a country, how would you structure taxes? For example, who should pay the g

poizon [28]

There are 3 systems as far as considering the percentage, they are progressive, regressive and proportional, progressive is good as the rate of tax increases proportionally as the income increases...taxes can be used for long term development projects which will eventually be fruitful for the economy.

6 0

3 years ago

Read 2 more answers

Information for Kent Corp. for the year 2021: Reconciliation of pretax accounting income and taxable income: Pretax accounting i

lianna [129]

Answer:

$7,202

Explanation:

Calculation for What should be the balance in Kent's deferred tax liability account as of December 31, 2021?

December 31, 2021 Deferred tax liability=$ 27,700 x 26%

December 31, 2021 Deferred tax liability=

= $7,202

Therefore What should be the balance in Kent's deferred tax liability account as of December 31, 2021 is $7,202

7 0

2 years ago