Answer:
$66,240
Explanation:
Calculation to determine what amount of net assets is with donor restrictions reported in the year the pledge was received
Using this formula
Net Assets=Unconditional pledge amount *Present value of an ordinary annuity
Let plug in the formula
Net Assets=$20,000*3.312
Net Assets=$66,240
Therefore what amount of net assets is with donor restrictions reported in the year the pledge was received will be $66,240
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Answer:
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- Raising the age when full benefits start to I believe 67.
- Taxing all income instead of just the first 115,000 like they do now.
- Lowering the threshold point where a recipient would start to pay taxes again from other sources of income.