Answer:
Given that,
Taxable income = $75,000
Interest from an investment = $10,000
Using the U.S tax rate schedule in 2017
(a) Federal tax will he owe = $5,226.25 + 25% × ($75,000 - $37,950)
= $5,226.25 + $9262.5
= $14,488.75
(b) 
= 19.32%.
(c)
= 17.05%
(d) Chuck is currently in the 25 percent tax rate bracket.
His marginal tax rate on increases in income up to $16,900 and deductions from income up to $37,050 is 25 percent.
Answer: A. interest rates have risen
Explanation:
Since the customer buys a Brokered CD for $100,000 and upon eceipt of his next account statement, he sees that there has been a reduction in the market value of the CD to $99,800.
This would occur because there has been an increase in the interest rates. On the other hand, assuming there was a reduction in the interest rate, this will lead to an increase in the market value.
Answer:
they need to put into the account $99444.97
Explanation:
given data
age = 14 year
time period = 4 year
saving account = $115000
fixed interest rate = 3.7% per year = 0.037
future value = $115000
solution
we get here present value that is express as
present value = 
..........................1
put here value and we get
present value = 
solve it we get
present value = $99444.97
so they need to put into the account $99444.97
Answer:
The owner's equity be as of December 31, 20Y7 is $705
Explanation:
In this question, we apply the accounting equation which is given below
Total assets = Total liabilities + shareholder's equity
The question has said that the liabilities are decreased and the assets are increased.
So, the new asset is = total assets + increased amount
= $1,000 + $130
= $1,130
And, So, the new liability is = total liabilities - decreased amount
= $450 - $25
= $425
So, the shareholder equity would be equal to
= $1,130 - $425
= $705
Hence, the owner's equity be as of December 31, 20Y7 is $705
Answer:
Rivercity Coffee Shop
Chad cannot sue Jose. The $10,000 is paid to Jose is a bribe. Since a bribe is not legal, it cannot form the basis for an enforceable contract.
Moreover, the offer by Chad is an antitrust and anti-competition consideration that is legally frowned upon. illegal contract
Explanation:
For a contract to be enforceable, it cannot be illegal. A bribe is illegal. The basis for the contract is illegal. Therefore, Chad cannot sue Jose. Since Jose decided to breach the contract, neither Chad nor Jose is entitled to any compensation. Jose cannot be held liable for non-performance.
