Gross pay<span> is almost always </span>greater<span> than </span>net pay<span>, as </span>net pay<span> is after taxes, benefits, etc. </span>Gross pay<span> is what the company tells you that they will </span>pay<span> you.</span>
Answer:
The answer is:
1.A person who is unable to pay taxes does not have to pay them.
If you unable to pay your taxes, the amount of payment that you have to pay this year would be accumulated to the tax payment next year.
2.A person who chooses not to pay taxes does not have to pay them.
Paying taxes is an obligation of all working citizens, not a right. We do not get to choose whether we have to pay taxes or not.
3.Simply forgetting to file taxes will not result in jail time.
Since there is no actual intend to not paying your taxes, simply forgetting it usually would only resulted in fines from the IRS.
Answer:
The answer is: Invalid
Explanation:
The Uniform Commercial Code (UCC) requires that financial instruments need to be freely transferable. In order for a written instrument to meet this requirement, they must be moveable. Since Jaime wrote the promissory note on the side of large immovable boulder, it doesn't qualify as moveable. So the promissory note is invalid.
Answer:
$8,693
Explanation:
Effective annual interets rate: AI = (1+i/m)^n - 1
i = 3*2=6%, m = 26
AI = [1+6%/26]^26 - 1
AI = 1.0617 - 1
AI = 0.0617
Let semi annual income be $X. So, present value of four semiannual income will be aggregated to get principal invetsed money of $30,000
30,000 = ∑[X/1.0617^n}
30,000 = 3.451 * X
X = 8693.132425383947
X = $8,693
Therefore, firm have to earn $8,693 after every 6 months at an interest rate of 3% per week to recover $30,000 initial investment in 2 years
Answer:
The best choice of the four listed is <u>option a.</u> There is less risk that the borrower will be unable to repay the loan.
Explanation:
In an annuity loan, the payment plan is scheduled in many time intervals, meaning that you will have a lot of time to pay the lender money, no matter how small the amount is. The person borrowing is made to pay money, during this time window, many small amounts of money. Since the borrower will be paying small amount of money from time of time until he or she is done repaying, the lender has an advantage in this situation as they will not be losing money.
