Answer:
Adding up basic monthly expenses and subtracting this total from take-home pay, plus trying to find out ways or figuring out what to give up to make the monthly loan payment.
Explanation:
A loan is simply a borrowed money that must be repaid at a certain point in time.
Before taking out a loan, it is better you ask yourself some questions like the reason for the loan collection, how much am i earning and willing to set aside for the loan repayment and will it be monthly and other questions.
Answer:
D). Technological advancement
Explanation:
Real GDP ( 2007 ) = $100 billion.
Real GDP ( 2007 ) = $106 billion.
The population ( 2007 ) = 50 million.
The population ( 2008 ) = 51 million.
The annual growth of Real GDP = $106 billion - $100 billion =
= $6 billion = $6,000,000,000.
The annual growth of the population:
51 million - 50 million = 1 million = 1,000,000
$6,000,000,000 : 1,000,000 = $6,000
Answer: The annual growth rate in Real GDP per capita is $6,000.
Answer:
The correct answer is $23,600.
Explanation:
According to the scenario, computation of the given data are as follows:
Pretax financial income = $173,000
Taxable income =$118,000
Tax rate = 20%
So, we can calculate the income taxes payable by using following formula:
Income taxes payable = Taxable income × Tax rate
= $118,000 × 20%
= $23,600
Hence, the amount to be reported as income taxes payable at December 31, 2020 is $23,600.
