Answer:
b. $150
Explanation:
Standard deduction refers to deduction available to an individual at a flat rate say 30%.Whereas in itemized deductions, an individual can claim deductions at different rates on different items.
Usually itemized deductions are more beneficial to an individual and in case tax saving in these cases exceeds total standard deductions, itemized deductions should be preferred.
In the given case, contribution of $1000 to church shall amount to a deduction. Since the tax rate applicable to the individual is 15%, the savings in tax shall amount to 15% of $1000 i.e $150.
Answer:
A) a finance lease will cause debt to increase, compared to an operating lease
Explanation:
Hi there!
Investors who put their own money into a startup are known as angel investors. Also, they are usually family or friends but don't have to be.
The closest answer to angel investors is C. Angels.
I hope that helps u! :)
Answer:
21.45%
Explanation:
Remaining amount to have $1,000,000 = $1,000,000 - $50,000 = $950,000
Using the interest rate function RATE(nper,pmt,pv,fv) in the excel, we obtain an interest rate of 21.45%
Where,
nper = number of period = 30
pmt = annual payment
pv = present value which has a default value of 0.
fv = future value = $950,000
Note: Find attached the excel sheet to see result.
