Important tax

xlsx

School

San Diego Mesa College *

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Course

503

Subject

Finance

Date

Jan 9, 2024

Type

xlsx

Pages

21

Uploaded by khoshbinsadat

Report
56 4800 1000 6100 2500 3800 3600 7400 80% 290000 232000 224000 11103.4483 18 11500 225000 70% 157500 670 585 10% 125.5 970 735 10% 170.5 PMT 170.5 N 8 I/Y 6% FV $1,687.52
186000 1.083 201438.0000
75 100 74.6666667 100 6% 42 756 4 3024 12 36288
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1 6
I 7% N 8 PV 200 $2,051.96 200 200 200 200 200 200 200 116.40182091 I 6% N 5 PV PMT $1,494.52 FV 2000 I 7% N 10 PV PMT 500 FV 0 $3,511.79
I 10% N 10 PV PMT 10000 FV 0 $61,445.67 I 6% 2.673 N 3 PV PMT 32076 FV 12000
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200
$ 1,050.00 $ 545.00 $ 275.00 $ 310.00 $ 220.00 $ 150.00 Asset $ 1,970.00 $ 9,600.00 $ 2,550.00 $ 1,600.00 $ 530.00 $ 4,200.00 $ 1,060.00 $ 21,510.00 Cash Inflow Montly take home salary 2585 Cash outflows $ 3,080.00 Rent for the month Spending for food Credit card balance Auto insurance Lunches/parking at work Clothing purchase Savings account balance Current value of automobile Video equipment Personal computer Cash in checking account Household possessions Value of stock investment
$ 2,640.00 $ 105.00 $ 160.00 $ 130.00 $ 240.00 $ 170.00 $ 2,915.00 $ 18,595.00 Balance of educational loan Telephone bill paid for month Loan payment Payment for electricity Donations Restaurant spending
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$ 9,400.00 $ 7,800.00 $ 800.00 $ 290.00 0.14351145 Liability/Net worth 4.58823529412 0.28828828829 0.08923076923 Montly saving/gross income $3,555.00 $3,338.00 $217.00 $4,924.00 $4,977.00 -$53.00 $4,391.00 $4,333.00 $58.00 Montly income 5930 20% 1186 20% 1186 40% 2372 1186 I 6% N 7 PV 1075 PMT 0 FV $1,616.40 I 5% N 6 PV 2750 PMT 0 FV $18,705.26 Liabilities Net worth Liquid assets Current liabilities Monthly credit payments Take-home pay Monthly savings Gross income Debt ratio Current ratio Liquid assets/current liabilites Debt-payments ratio Monthly credit payments/ Take-hom Savings ratio (Click to select) de (Click to select) su
I 5% N 3 PV PMT 0 FV 2950 $2,548.32
$ 65,500.00 $ 1,700.00 $ 2,775.00 $ 3,250.00 me pay eficit surplus urplus deficit
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B Single Income 35800 9075 10% 35800 15% Tax Amount Income 52000 A Head of Household 12950 10% 49400 15% 52000 25% Tax Amount C Married Filling Jointly income 72000 18150 10% 72000 15% Betty Sins Betty Sims has $30,000 of adjusted gross income and $5,000 of
Adjusted gross income 28000 medical Expense 4480 medical Expense floor 10% Tax deduction 1680 5200 33% 1716 A payday loan company charges 7.50 percent interest for a two- Annual percentage rate = Rate per period × Number of periods p = 0.0750 × (52 weeks / 2 weeks) = 1.95, or 195.00% 6% 52 2 156% 0.32 0.32 0.4 0.52 1.56 270 Share 120 Total Purchas Dividends
907.5 4008.75 4916.25 1295 5467.5 650 7412.50 1815 8077.5 9892.50 f medical expenses. She will be itemizing her tax deductions this y
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180 0.95 171 -week period. What is the annual interest rate? per year 421.20 Purchase Price Commission Sell Price Commission 235 34 218 39 se 28234 26121 -2113 653 -1460
year. The most recent tax year has a medical expenses floor of 10
0 percent. How much of a tax deduction will Betty be able to take
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e?
Income 72000 10% 18150 1815 15% 72000 8077.5 9892.5 900
15000 5% 12 0.00416667 3 12 36 $449.56 9875 5570 0.56405063
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