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3 years ago

Taxes that are paid by individuals on all money earned, including investments, are

Business

1 answer:

Firlakuza [10]3 years ago

6 0

Answer:

Personal Income Taxes

Explanation:

As the name of the tax implies, personal income taxes are simply taxes that are paid by individuals. A personal income tax is a percentage of the total amount of income a person received during a period of time, often a year, through different means: salary, permanent investments, occasional investments, and so on.

In some countries, personal income taxes are not levied on investment income in order to promote investment.

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Rents of $750.00 per month on each unit of a 4-plex are current. for an october 16th closing, the rent proration on the settleme

Lady bird [3.3K]

Rents of $750.00 per month on each unit of a 4-plex are current. For an October 16th closing, the rent proration on the settlement statement would be $1,548.38 Credit Buyer & Debit Seller.

-Seller must pay buyer for the days the buyer owns the property, Oct 16 - 31, 16 days. $750 x 4 /31 = $96.77 per day x 16 = $1548.38

<h3>What does it mean to prorate your rent?</h3>

The amount a landlord charges is referred to as "prorated rent" and is only applied to the days the unit is occupied when a resident occupies it for a short period of time (a month, week, day, etc.). Given that daily rates are frequently more expensive, it is based on monthly rates instead than daily rates.

You must first determine the daily rent in order to figure out how much prorated rent will be. Divide the overall rent payment by the number of days in a month to arrive at this. Then double the acquired daily rent amount by the number of days you will be occupying the property during that month.

To learn more about rent proration visit:

brainly.com/question/14087263

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5 0

1 year ago

All of the following are accurate statements about credit reports EXCEPT:

Paha777 [63]

Answer:

A. Consumers are not allowed to see their credit reports.

Explanation:

A credit report communicates how reliable an individual or an entity in repaying their debts. It assesses individual creditworthiness by assigning a credit score to each potential borrower. A high credit score shows the individual is reliable in settling their obligations.

Individuals are often encouraged to counter check their credit report to confirm accuracy. Credit bureaus do share credit reports with customers on-demand or at regular intervals. An inaccurate credit report may be a hindrance to obtaining credit facilities such as a loan or a mortgage.

3 0

3 years ago

On January 1 a company purchased a five-year insurance policy for $2,300 with coverage starting immediately. If the purchase was

Vesnalui [34]

Answer:

Correct answer is D, Debit Insurance Expense, $460; credit Prepaid Insurance, $460

Explanation:

The company uses asset method of recording the purchase of insurance. Hence, at end of year end the company must recognize the expire portion of the policy and charge it against insurance expense.

$2,300 / 5 years = $460 (annual insurance expense)

Entry:

Debit Insurance expense $460

Credit Prepaid insurance $460

The balance of the prepaid insurance at the end of first year is $1,840 (2,300 - 460).

3 0

3 years ago

November Avenue, Inc. wants to have $7,500,000 in an account exactly 16 years from today. They will make equal quarterly payment

Nata [24]

Answer:

$315,717.03

Explanation:

Let us start by first of determining the future value of $50,000 quarterly payments for 16 years using the future value of an ordinary annuity provided below:

FV=quarterly payment*(1+r)^n-1/r

quarterly payment=$50,000

r=quarterly interest rate=8%/4=2%

n=number of quarterly payments in 16 years=16*4=64

FV=$50,000*(1+2%)^64-1/2%

FV=$50,000*(1.02)^64-1/0.02

FV=$50,000*(3.551493243 -1)/0.02

FV=$50,000*2.551493243 /0.02

FV=$6,378,733.11

The future value above fell short of the target $7,500,000, it means a fixed amount would have to be invested at 8% compounded quarterly for 16 years as well

shortfall=$7,500,000-$6,378,733.11=$1,121,266.89

The present value of the shortfall that would be invested today is computed

PV=FV/(1+r)^n

FV=$1,121,266.89

r=quarterly interest rate=2%

n=number of quarters in 16 years=64

PV=$1,121,266.89/(1+2%)^64

PV=$315,717.03

4 0

3 years ago

Read the scenario, and answer the question.

Strike441 [17]

Answer:

One possible revision suggestion for the previous follow-up letter is to:

c. Identify the position he applied for and the date of the interview.

Explanation:

Stating clearly the position that Enrique interviewed for and the the date of the interview will enable the interviewer to reconsider the candidacy of Enrique for the copy-editor position. However, the wording of his first draft of the follow-up email sounds too condescending. Enrique should not display some desperation in his job-search effort.

3 0

3 years ago