Answer:
The amount might exclude $18,200 from the Gross Income.
Explanation:
The gross income is the amount which the person earn or gain before anything is taken out or deducted for the taxes or the other deductions.
So, in this case, the Gross income is as follows:
The person received the scholarship worth $28,000, out of which he spend $16,800 on tuition, %5,600 on room, $4,200 for the personal expenses and $1,400 on books and supplies.
From all the expenses which will be excluded from the Gross Income are the amount of fees and the amount spent on books and supplies as these are required for the course.
So, the amount which is excludable from Gross Income is:
Amount which is excludable = Tuition + books
= $16,800 + $1,400
= $18,200
Answer:
The value of the policy assuming the proposed rates is 142,769.63
Explanation:
Time line:
<--/--/--/--/--/--/----------------------------------------------------------//-->
We have 6 payment and then, a lump sum capitalize until age 65
First we calculatethe value up to the end of the six year:
First year:
Amount 1,576.47
Second year:
Amount 1,446.31
Third Year:
Amount 1,468.04
Fourth year:
Amount 1,346.83
Fifth year:
Amount 1,354.43
Six year:
Amount 1,242.60
Sum at the end of the six year: 7,080.25
<u>Then this capitalize up to 65 birthday:</u>
from the seventh birthday up to the 65th birthday
65 - 7 = 58 years
Principal 8,426.68
time 58.00
rate 0.05000
Amount 142,769.63
Answer:
A.
Explanation:
Since not everyone in a given community would be inclined to pay for a public good, everyone could be made to pay for it through tax.
Answer:
The correct answer is letter "B": national.
Explanation:
National advertising refers to a marketing strategy in which a company aims to offer a good or service in the same proportion all over a country. This advertising is massive and involves promoting the corporation's product through different mediums of communications such as <em>television, radio, newspapers, </em>or <em>billboards</em>. The campaign is directed to individual consumers and organizations.
