Copy of Lucas Dubois - Cost of Life on 2022-11-29 09_10_52

Avatar annual income: $48,050 Social Security: $2,979.10 Medicare: $696.73 Federal Income Taxes: $6360.48 What is your avatar's net income after you deduct (take out) Social Security, Medicare, and Federal Income Taxes? Please explain how you calculated your answer.

General Accounting Question need help

Find the annual homeowners insurance premium on a masonry home located in zone 1 if the home is insured for $237,000. The owner chooses a $1,500 deductible and has good credit. E Click the icon to see a hypothetical table of Estimated Annual Homeowners Insurance Premium Rates per $100 of Face Value. The annual homeowners insurance premium is $ (Simplify your answer. Type an integer or a decimal.)

Part 1: Data Tables You have decided to start saving for retirement. You plan to work for 35 years and then retire. Requirements: Complete each requirement on a separate worksheet. 1. Calculate the amount of money that will be in your Roth IRA account when you retire if you: a. Save $3,500 at the end of each year. b. Earn 7% interest each year. c. The answer to requirement I must be calculated using a single formula. 2. Create a one-input Data Table that calculates the value of your Roth IRA when you retire if the annual savings amount is different than $3,500 per year. a. Use the following annual end of the year annual savings amounts as the column data in the Data Table: $500, $1,000, $2,000, $3,000, $3,500, $4,000, and $5,000. b. The annual interest rate is still 7% each year. 3. Create a two-input Data Table that calculates the value of your Roth IRA when you retire for different annual interest rates and different annual savings amounts. a. Use the following annual interest rates…

Subject: acounting

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Subject: acounting

Problem #5 Samantha Montgomery (age 42) is employed by Canon Company and is paid a salary of $62,430. She has just decided to join the company's Simple Retirement Account (IRA form) and has a few questions. Answer the following for Montgomery: a. What is the maximum that she can contribute into this retirement fund? $ b. What would be the company's contribution? $ c. What would be her weekly take-home pay with the retirement contribution deducted (married filing jointly, wage-bracket method, and a 2.3% state income tax on total wages)? $_ d. What would be her weekly take-home pay without the retirement contribution deduction? $

Suppose you want to have $700,000 for retirement in 20 years. Your account earns 7% interest. a) How much would you need to deposit in the account each month? b) How much interest will you earn? S Question Help: Video Submit Question Q Search hp H

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Subject :- Accounting    You have discussed your retirement plans with your significant other and plan to move to a state with a lower cost of living upon retirement. You plan on living off $85,000 annually. You understand that your retirement account will likely yield a 5% return. Using the 4% Rule, how much money do you need in your retirement account upon retirement?(round to the nearest dollar){DO NOT INCLUDE COMMAS OR $}

Standard Insurance is developing a long - life insurance policy for people who outlive their retirement nest egg. The policy will pay out $240 comma 000240,000 on your 82 nd82nd birthday. You must buy the policy on your 65 th65th birthday. The insurance company can earn 55% on the purchase price of your policy. What is the minimum purchase price the insurance company should charge for this policy? Question content area bottom Part 1 What is the minimum purchase price the insurance company should charge for this policy?

You are the wage earner in a "typical family," with $60,000 gross annual income. Use the easy method to determine how much life insurance you should carry. O 60,000 O 120,000 294,000 420,000

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Need help with this question solution general accounting

Concept Review 3.4- Future Value of a Tax Savings Please turn to page 152 of the text and complete Financial Problem 14. On December 30, you decide to make a $2,500 charitable donation. If you are in the 24% tax bracket and you expect to itemize your deductions, how much will you save in taxes for the current year?

General accounting

I just need help with part D.

You want to be able to withdraw $30,000 from your account each year for 30 years after you retire. You expect to retire in 20 years. If your account earns 8% interest, how much will you need to deposit each year until retirement to achieve your retirement goals? Question Help: DVideo 1 D Video 2 Submit Question

Investment strategy: Financial Mathematics You have just made your first $5,000 contribution to your individual retirement account. Assuming you earn an annual rate of return of 9.75 percent and make no additional contributions, what will your account be worth when you retire in 45 years? Show all working and forumlas used.  Provide a breakdown of how all answers were derived.

Solve urgent i will rate Madeline Rollins is trying to decide whether she can afford a loan she needs in order to go to chiropractic school. Right now, Madeline is living at home and works in a shoe store, earning a gross income of $1,220 per month. Her employer deducts a total of $300 for taxes from her monthly pay. Madeline also pays $180 on several credit card debts each month. The loan she needs for chiropractic school will cost an additional $270 per month. Calculate her debt payments-to-income ratio with and without the college loan. (Remember the 20 percent rule.) (Enter your answers as a percent rounded to 2 decimal places.) Can she currently afford the school loan? multiple choice Yes No

Discussion Topic To secure your financial future, you must have some source of income. While income can be earned in a variety of ways, most people earn their income by working. Suppose you're offered two jobs. One pays a salary of $45,000 a year, the other pays $15 an hour, with potential to earn time and a half for any hours that exceed your base hours. (Time and a half is 1.5 times your standard rate of pay.) What other information do you need before you can make an educated decision? Assuming you have the information you need, which option would you choose? Why? State all of your assumptions. Are there other factors to consider besides rate of pay when finding work? If so, what are they?

Preparing income and expense statement Use Worksheet 2.2 Ariana and Nicholas Peterson are about to construct their income and expense statement for the year ending December 31, 2020. Nicholas is finishing up college and currently has no income. They have put together the following income and expense information for 2020:   Ariana's salary $43,000 Reimbursement for travel expenses 1,700 Interest on:     Savings account 110   Bonds of Delta Corporation 70 Groceries 4,150 Rent 9,300 Utilities 960 Gas and auto expenses 650 Nicholas' tuition, books, and supplies 3,300 Books, magazines, and periodicals 280 Clothing and other miscellaneous expenses 2,900 Cost of photographic equipment purchased with charge card 2,200 Amount paid to date on photographic equipment 1,600 Ariana's travel expenses 1,950 Purchase of a used car (cost) 9,750 Outstanding loan balance on car 7,300 Purchase of bonds in Delta Corporation 4,900   Using the information provided,…

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Identify which are fixed expenses and variable expenses.

Find the amount of the down payment (rounded to the nearest hundred dollars) necessary for the buyer to afford the monthly payments for the described home. (Use this table to calculate your answer.) Monthly salary of $1,680, with monthly bills of $235; $89,000 home with a 30-year 9% loan Need Help? Read It Watch It

Suppose you borrow money from your parents for college tuition on January​ 1, 2019. Your parents require four annual payments of $30,000 ​each, with the first payment due on January​ 1, 2023. They are charging you 5​% annual interest. What is the cost of college​ tuition? (Use spreadsheet software or a financial calculator to calculate your answer. Round intermediary calculations to two decimal places and round your final answer to the nearest​ dollar.) Question content area bottom Part 1 A$91,894 B.$111,697 C.$120,000 D.$88,475