1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Digiron [165]
3 years ago
15

The Wilmoths plan to purchase a house but want to determine the after-tax cost of financing its purchase. Given their projected

taxable income, the Wilmoths are in the 24% Federal income tax bracket and the 8% state income tax bracket (i.e., an aggregate marginal tax bracket of 32%). Assume that the Wilmoths will benefit from itemizing their deductions for both Federal and state purposes. The total cash outlay during the first year of ownership will be $33,200 ($3,320 principal payments, $29,880 qualified residence interest payments).
As a result, the annual after-tax cost of financing the purchase of the home will be $_____________?
Business
1 answer:
iVinArrow [24]3 years ago
6 0

Answer:

the annual after-tax cost of financing the purchase of the home is $23,638.40

Explanation:

The computation of the annual after-tax cost of financing the purchase of the home is shown below:

= Installment amount - tax saving

= $33,200 - ($29,880 × 32%)

= $33,200 - $9,561.60

= $23,638.4

hence, the annual after-tax cost of financing the purchase of the home is $23,638.40

We simply applied the above formula

You might be interested in
Bailliere Company recorded cash sales of $300,000 and cost of goods sold relating to those sales of $120,000 on its Excel spread
dezoksy [38]

Answer:

Option B

Cost of goods reported =$ 125,000

Explanation:

<em>Overheads are charged to units produced by the means of using an estimated overhead absorption rate. This rate is computed using budgeted overhead and budgeted activity level. </em>

As a result of this, overhead charged to total units product might be over or under absorbed compared to the actual amount incurred.

<em>The under applied overhead implies that the applied overhead is less than the actual overhead. </em>

This implies that the cost of the goods are under valued. Hence, to accurately valued them, the under applied overhead would be added to the cost of the goods.

Cost of goods reported = cost of goods + under applied overhead

                                       = 120,000 + 5,000 = 125,000

Cost of goods reported =$ 125,000

6 0
3 years ago
Is Criminal investigator a venture?<br> thanks
finlep [7]

Explanation:

Is there a private detective that the venture capital company contracts? Does it investigate the start fraud? Answer 5 SHART Redux Time Reports REQUEST PLUS REQUID TIME REPORTS can be far from this growth list. Have you ever been online and offline? Later below the procedure for reporting such incidents. 1 Answer  Paul Cohn, I made that VC answered on August 4, 2015. Risk capital Working process is very complete and it will be difficult to detect any kind of fraud. VC sometimes helps diligent using an external company. In general, VCs do not adopt private detective, but often use a company that verifies the background verification. Some of the background control companies may exceed recording recording, but can do a private research work as necessary, but it does not happen frequently (it has never disappeared so much disappeared). The records are considering the following: Confirmation of training for education A pre-employment confirmation is to find legal issues that participate in personal credit issues and find false statements of the contractor / administration team. With regard to your education and employment history, it may be possible to see if you have other legal and credit problems, do not disclose. It is very unusual to find a "fraud", but it is possible to make sure that VC asks entrepreneurs questions, and at least the contractor can confirm that all the company's product events fully advertise that you can find it. After the investment.

6 0
3 years ago
Read 2 more answers
Yachts are produced by a perfectly competitive industry in Dystopia. Industry output​ (Q) is currently​ 30,000 yachts per year.
Agata [3.3K]

Answer:

The correct answer is option B.

Explanation:

A perfectly competitive industry is producing 30,000 yachts per year.

The government imposed a tax of $20,000 on each yacht.

The demand for yachts is highly elastic.

This imposition of tax will create a tax wedge in which the tax burden will be shared between buyers and sellers.

The price paid by the buyers will increase. While the price received by sellers will decrease.

This tax wedge causes the quantity demanded and quantity supplied to fall. As a result, the equilibrium quantity in the market declines.

Since the demand is highly elastic an increase in price will cause the quantity demanded to decrease by more than proportionate.

The price of the product will increase by less than $20,000 as the tax burden will be shared.

6 0
3 years ago
An important feature of a job order cost system is that each job:_______.
sammy [17]

Answer:

D

Explanation:

it has it's own distinguishing characteristics ....Form used to record the cost chargeable to a specific job and to determine the total and unit cost of the completed job

6 0
3 years ago
You are thinking about investing in a mine that will produce $10,000 worth of ore in the first year. As the ore closest to the s
Agata [3.3K]

Answer:

$100,000

Explanation:

Cash flow = $10,000

Interest rate = 3%

Growth = -7%

Value of this mining operation = Cash / (Rate - Growth)

Value of this mining operation = $10,000 / (3% -(-7%)

Value of this mining operation = $10,000 / 10%

Value of this mining operation = $10,000 / 0.10

Value of this mining operation = $100,000

7 0
3 years ago
Other questions:
  • QUICKEST AND BEST ANSWER GETS A FOLLOW AND BRAINLIEST
    15·1 answer
  • Suppose that an installment plan calls for five payments to be made. The total paid in this plan is 20% more than the price woul
    10·1 answer
  • Assets are 300,000 and equity is 100,000, assets increase 80,000 liabilities increase 50,000. what is equity at year end?
    13·1 answer
  • Which of the following ratios indicates the percentage of each sales dollar that is available to cover fixed costs and to provid
    8·1 answer
  • Beck Company has inventory of $ 740 comma 000 in its stores as of December 31. It also has two shipments inminustransit that lef
    12·1 answer
  • A portfolio manager liked a new product that included a swap, a financial derivative. Since he had the authority, he proceeded w
    8·1 answer
  • In the statement of activities, depreciation is reported on Group of answer choices Only depreciable capital assets of governmen
    5·1 answer
  • Jordan is a manager at a technology firm. When the top management makes decisions, Jordan explains it to his subordinates and gi
    6·1 answer
  • What is one major problem created by globalization?
    13·1 answer
  • A person just bought a house for $150,000. however, he also has to pay another $2,000 for his house every year.
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!