A wealthy person's best option for helping out a charitable cause is to donate cash.

Business

2 answers:

xenn [34]3 years ago

7 0

Answer:

A wealthy person's best option for helping out a charitable cause is to donate cash.

True

Explanation:

This is absolutely true of a wealthy person to help out of charity is to give out reasonable substantial amount of money that would solve such an individual both immediate needs and beyond.

vagabundo [1.1K]3 years ago

4 0

The answer for the question is true

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Thornton, Inc., had taxable income of $128,267 for the year. The company's marginal tax rate was 35 percent and its average tax

valentinak56 [21]

Answer:

$30784.08

Explanation:

Taxable income can be refer to as the amount of income used to calculate how much tax an organisation owes to the government in a particular tax year.

Thornton Inc. had taxable income of $128,267 for the year

The company's marginal tax rate is 35 percent

The company's average tax rate is 24 percent

To know how much did the company have to pay in taxes for the year, we multiply the Taxable income by the Company Average tax rate for the year.

=$128,267 * 24%

=$128,267 * 0.24

=$30784.08

Thornton Inc will pay $30784.08 for the year.

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4 years ago

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lorasvet [3.4K]

The Sandwhich technique is a strategy used when giving constructive feedback.

3 0

3 years ago

Without buying points, a monthly mortgage payment will be $958. Buying 1 point at closing would reduce the payment to $948. 75.

d1i1m1o1n [39]

The time taken to break even at buying 1 point will be in<u> 9 years</u>.

Given,

Monthly mortgage payment =$958
Monthly payment will be reduced to buy 1 point =$948.75
Cost of each point =$1,000

Computation:

1. The computation of the reduced amount in the monthly mortgage payment:

$\begin{aligned}\text{Reduced Amount}&=\text{Original Payment}-\text{Reduced Payment}\\&=\$958-\$948.75\\&=\$9.25\end{aligned}$

2. The computation of yearly mortgage payment:

$\begin{aligned}\text{Yearly Mortgage Payment}&=\text{Reduced Amount}\times\text{Total Months in a Year}\\&=\$9.25\times12\\&=\$111\end{aligned}$

3. The computation of the number of years for the break-even by buying 1 point:

$\begin{aligned}\text{Number of Years}&=\dfrac{\text{Cost of Point}}{\text{Amount og Yearly Mortgage Payment}}\\&=\dfrac{\$1,000}{\$111}\\&=9.00\;\text{Years}\end{aligned}$