Answer:
C. 4.93 percent
Explanation:
A fix Payment for a specified period of time is called annuity. The discounting of these payment on a specified rate is known as present value of annuity. The value of the annuity is also determined by the present value of annuity payment.
Formula for Present value of annuity is as follow
PV of annuity = P x [ ( 1- ( 1+ r )^-n ) / r ]
Where
P = Monthly receipt = $1,225
n = number of period = 30 years x 12 month each year = 360 months
As we already have the present value of annuity we need to calculate the rate of return.
$230,000 = $1,225 x [ ( 1- ( 1+ r/12 )^-360 ) / r ]
r = 4.93
Answer:
Answer for the question:
Whitney received $75,000 of taxable income in 2017. All of the income was salary from her employer. What is her income tax liability in each of the following alternative situations? Use Tax Rate Schedule for reference. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
a. She files under the single filing status.
b. She files a joint tax return with her spouse. Together their taxable income is $75,000.
Is given in the attachment.
Explanation:
Answer: it is a focus group
Explanation: because it is more than one person and more than two
Complete the statement
below that outlines the appropriate Federal income tax treatment of any gain or
loss on the stock sale.
<span>Samuel Reese
recognizes a loss of $125,550, of which $100,000 is an ordinary § 1244
deduction and $25,550 is a long-term capital loss.</span>
Sole Proprietorship. Perhaps the most basic type of business entity is the sole proprietorship. ...
Partnership. ...
Limited Liability Company. ...
Corporation. ...