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nika2105 [10]
3 years ago
7

Helen Ming receives a travel allowance of $120 each week from her company for time away from home. If this allowance is taxable

and she has a 28 percent income tax rate, what amount will she have to pay in taxes for this employee benefit
Business
1 answer:
Mazyrski [523]3 years ago
8 0

Answer:

$1,747.2

Explanation:

Calculation to determine what amount will she have to pay in taxes for this employee benefit

First step is to determine the Annual travel allowance

Using this formula

Annual travel allowance=Weekly allowance × 52 weeks

Let plug in the formula

Annual travel allowance=$120 × 52 weeks

Annual travel allowance=$6,240

Now let determine the Annual tax

Using this formula

Annual tax=Annual travel allowance × Tax rate

Let plug in the formula

Annual tax=$6,240 × 0.28

Annual tax=$1,747.2

Therefore the amount that she will have to pay in taxes for this employee benefit is $1,747.2

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Answer:

11 years

Explanation:

The Macauly duration of a bond is generally calculated for coupon bearing bonds sold either at par or at premium or discount values. When we are asked about the Macauly duration of a zero coupon bond, the answer is simply the time to maturity of the bond, or the bond duration. In this case, the time to maturity is 11 years which equals the Macauly duration.

7 0
3 years ago
our aunt has $500,000 invested at 5.5%, and she now wants to retire. She wants to withdraw $45,000 at the beginning of each year
dedylja [7]

Answer:

B. 17 is the correct answer.

Explanation:

8 0
3 years ago
Among other products, nabisco makes oreo cookies. which type of company is nabisco?
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7 0
3 years ago
Which of the following tends to occur when the unemployment rate increases? A. all of the above B. a reduction in the labor forc
Luda [366]

Answer:

B. a reduction in the labor force participation rate

Explanation:

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4 0
3 years ago
Read 2 more answers
Winter Time Adventures is going to pay an annual dividend of $2.86 a share on its common stock next year. This year, the company
Sedbober [7]

Answer:

share price at 5 year is $45.19

Explanation:

given data

annual dividend D1 = $2.86

paid a dividend Do = $2.75

discount rate K = 11.7 percent

to find out

share price of common stock be worth five years

solution

first we get here growth rate that is express as

growth rate = \frac{current\ dividend-previous\ dividend}{previous\ dividend}   ..................1

put here value we get

growth rate = \frac{2.86-2.75}{2.75}

growth rate = 4%

so here dividend at 6 year will be

Dn = Do × (1+g)^{n}    .............2

D6 = 2.75 × (1+0.04)^{6}

D6 = $3.48

so share price at five year will be

P5 = \frac{D6}{discount\ rate- growth\ rate}   .................3

P5 = \frac{3.48}{0.117-0.04}

P5 = $45.19

so share price at 5 year is $45.19

4 0
4 years ago
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