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nexus9112 [7]
2 years ago
5

As Lily files her taxes, she learns that her federal total tax due ends up being $206. According to her Federal income tax withh

eld, how much of a tax refund can she expect back?
Business
1 answer:
adoni [48]2 years ago
8 0

The tax refund that Lily can expect to get back from the tax authorities will be $15.80.

<h3>What is a tax?</h3>

A tax simply means the compulsory levy that's paid by the people and companies to the government.

In this case, the tax refund that Lily can expect back will be:

= 7.65% × $206

= $15.80

In conclusion, the correct option is $15.80.

Learn more about tax on:

brainly.com/question/25783927

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FIN issues a $1000 par value bond that pays 7 precent annula interest and will mature in 14 years. The current market price for
Serjik [45]

Answer:

7.05 %

Explanation:

After tax cost of debt = interest x ( 1 - tax rate)

so, the initial step is to determine the interest rate :

The Bond Yield (i/yr) presents the market rate and this is what we want for our interest rate.

thus,

PV = -  [$950 - ($950 x14%)] = - $817<em>(remove floatation cost from market price)</em>

FV = $1000

PMT = $1000 x 7 % = $70.00

P/YR = 1

N = 14

i/yr = ??

Using a financial calculator to input the values as above, the Bond Yield (i/yr) will be 9.40 %

therefore,

After tax cost of debt = 9.40 % x (1 - 0.25)

                                    = 7.05 %

5 0
2 years ago
The price of a coupon bond and the yield to maturity are ________ related; that is, as the yield to maturity ________, the price
shepuryov [24]

Based on the relationship between the above mentioned measures, the following is true:

  • Price and yield to maturity are <u>inversely </u>related.
  • When YTM <u>rises</u>, the price of the bond <u>falls</u>.

<h3>What is Yield to Maturity?</h3>
  • It is the discount rate on the bond.
  • It shows the riskiness of the bond.

When the YTM is high, it means that the bond is more risky which leads to it having a lower price to compensate for the risk. The reverse is true.

Find out more on YTM at brainly.com/question/15172286.

8 0
2 years ago
Stone Foods produces the majority of its cheese products in its U.S. based dairy division at a total outlay cost of $6.00 per un
lubasha [3.4K]

Answer:

Stone Foods produces the majority of its cheese products in its U.S. based dairy division at a total outlay cost of $6.00 per unit. A large portion of the finished product is sold to Division B where it is packaged and sold overseas under a different label. The tax rate in Division B's country is higher than the U.S. tax rate. Assume the company desires to minimize the overall tax impact of the transfer (i) what type of relative pre-tax income should each division desire to achieve as a result of the transfer and (ii) what type of transfer price would accomplish your answer to (i).  

Dairy Division Income Division B Income Transfer Price .

Option  "D"  is the correct answer -  High Low High.

Explanation:

Since in Division B, the tax rate is higher than the tax rate in US-based dairy division. Therefore to minimize the impact of the overall tax, transfer price from dairy division should be high to Division B so that the dairy division income would be higher. and the income of Division B would be lower.

Hence option  "D" is the correct answer.

3 0
3 years ago
Jay, a single taxpayer, purchased an annulty to help provide income during his retirement. He paid $36,000 for the annuity that
Rufina [12.5K]

Answer:

d. All of the last 12 payments he received are taxable.

Explanation:

In the case when the life expectancy is 180 months and collected 192 payments prior he died

So according to the question, all the 12 payments would be received are taxable

Here the payment that received for 180 months would not be involved in the gross income and the remaining 12 payment would be taxable

Therefore the option d is correct

4 0
3 years ago
Man is termed an 'economic animal' because he a) has the ability to understand economic activities b) lives a life which is gove
Vinvika [58]

Answer:

The conception of man as an economic animal is implied by the view that economic production is the determining “factor” or “sphere” of man or society. Against this conception can be put another, that of man as praxis. This takes account of man as a creative being, capable of realizing his freedom through his own activity. In this article the theory of the determining role of the “economic factor”, and the theory of factors in general have been examined. The economic interpretation of history, a variant of the theory of factors, has been acknowledged as partly true for the self‐alienated man and society, but the theory of factors in any variant has been found inadequate as a general theory of man, or society. The possibility of freedom cannot be reduced to the fact that the determining roles played by “factors”, vary, or to the hope that the economic “factor” can be subordinated to a “better” one. Man's freedom consists in his resolving the conflict of “factors”, and in realizing himself as an integral creative being, no longer split into independent and mutually opposed spheres.

Explanation:

that should help

5 0
2 years ago
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