The tax refund that Lily can expect to get back from the tax authorities will be $15.80.
<h3>What is a tax?</h3>
A tax simply means the compulsory levy that's paid by the people and companies to the government.
In this case, the tax refund that Lily can expect back will be:
= 7.65% × $206
= $15.80
In conclusion, the correct option is $15.80.
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I think the most appropriate answer would be "a car dealership salesman" would be the opportunity cost.
I hope it helped you!
Answer: Fundamental attributional error.
Explanation:
Frank is making a fundamental attributional error when judging the cause of Anna's inability to meet sales target. Frank is blaming her failure based on her character rather than on the real reason which is the attractive sales offer of their competitors. Fundamental attributional error is an error which arises from judging a person's action based on their character without considering other possible external causes.
Answer:
How should she compute her required annual investment?
$ 36.987
Explanation:
With the present value formula we can calculate how she has to invest today to get $45,000 at the end of the 5 years, with a compounded rate of 4%.
Principal Present Value = F / (1 + r)^t
In this case we have the future value and we need to find the present value that we have to invest to get the money expected.
Principal Present Value = 45,000 / (1 + 4%)^5 = $36,987
If we invest today $36,987, with a compounded interest rate of 4% we get at the end of the period, 5 years, the total sum of $45,000.