Answer:
The Tax savings for the property tax is 3200 USD.
Explanation:
As Katie paid property taxes as $10000 in tax-deductible property taxes. In calculation of this the marginal tax rate is used in calculation. Thus
So the Tax savings for the property tax is 3200 USD.
Renting is is leasing the home monthly for a certain amount & buying is paying in full with mortgage to own the home
Answer:
$580.36
Explanation:
We use the PMT formula in this question. The attachment is shown below.
Data provided in the question
Present value = $0
Future value = $25,000
Rate of interest = 12% ÷ 12 months = 1%
NPER = 3 × 12 month = 36 months
The formula is shown below:
= PMT(Rate;NPER;PV;-FV;type)
The future value come in negative
So, after solving this, the size of the payment is $580.36
Answer: The correct answer is " b. $0 and $450,000. ".
Explanation: First we must calculate the amount for which we change the warehouse ($ 350,000 + $ 150,000) = $ 500,000.
The adjusted base of the warehouse was $ 600,000.
Therefore there is a loss of $ 100,000, which is not recognized because it is not realized at that time in the face of an exchange of such characteristics, the base of the office building must be calculated taking into account the postponed loss:
Fair market value ($ 350,000) + Postponed loss ($ 100,000) = $ 450,000.
Answer:
With simple interest = $1,604.2
With compound interest = $1,642.454
Explanation:
Data provided in the question:
Amount lend = $1,234
Time = 3 years
Rate of interest, r = 10% = 0.10
Now,
<u>With simple interest :</u>
Interest = Principle × Rate × Time
= $1,234 × 0.10 × 3
= $370.2
Therefore,
Total amount paid = Principle + Interest
= $1,234 + $370.2
= $1,604.2
<u>With compound interest :</u>
Amount to be paid = Principle × ( 1 + r )ⁿ
= $1,234 × ( 1 + 0.10 )³
= $1,234 × 1.1³
= $1,234 × 1.331
= $1,642.454