Answer:
Net Pay is equal to $1,474.19.
Explanation:
Net is Gross Pay minus taxes deductions. Therefore, Net Pay can be calculated as follows:
<u>Particulars ($) ($) </u>
Gross Pay 1,837.00
<u>Taxes Deductions</u>
Federal (8.24% of Gross Pay) (151.37)
FICA Medicare (1.45% of Gross Pay) (26.64)
FICA Social Security (6.20% of Gross Pay) (113.89)
State - OK (3.86% of Gross Pay) <u> (70.91) </u>
Total <u> (362.81) </u>
Net Pay <u> 1,474.19 </u>
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Therefore, Net Pay is equal to $1,474.19.
Answer and Explanation:
The computation is shown below:
a) The adjusted basis for the land and the building at the acquisition date is
Land = $100,000
Building = $400,000
We recognized the purchase price of land and building
b. And, the adjusted basis for the land and the building at the end of 2019 is
Land = $100,000
Building is
= $400,000 - $4,708
= $395,292
We considered the cost recovery for the computation above
Answer: a deal website that compares different types of cars, so he can choose the one he likes best
Explanation:
When buying a good or service, it is best to look out for a variety of those goods because it will enable a person to be able to compare the different varieties and be able to pick the one most suitable for them.
Tanner therefore will most likely use a website that compares cars so that he is able to see the features that different cars offer which will enable him make a decision that is most suitable for him.
Answer:
See attached photo.
Explanation:
Refer to the photo attached.
Answer:
Explanation:
1. Present value = Annuity amount * PVA (n=4;i=10%)
250,000 = Annuity amount*3.16987
Annuity amount = $78,868
2. Present value = Annuity amount * PVA (n=5;i=8%)
250,000 = Annuity amount* 3.99271
Annuity amount = $62,614
3. i = 10%
Annual payments = $51,351
250,000 = 51,351 *X
X = 4.86845
When looking at the table of present value of an ordinary annuity, PVA of 4.86845 and i=10%, ⇒ n = 7 payments
4.
Payments = 104,087
n = 3
250,000 = 104,087*X
X = 2.40184
When looking at the table of present value of an ordinary annuity, PVA of 2.40184 and n=3, ⇒ i = 12%
