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- Describe the relationships that are eligible for the Canada Care giver amount of $7348 for 2022.Rex Corporation accepted a $7,000, 4%, 120-day note dated August 8 from Regis Company in settlement of a past bill. On October 11, Rex discounted the note at Park Bank at 5%. (Use Days in a year table.) a. What is the note's maturity value? Note: Use 360 days a year. Do not round intermediate calculations. Round your final answer to the nearest cent. Maturity value b. What is the discount period? Discount period days c. What is the bank discount? Note: Use 360 days a year. Do not round intermediate calculations. Round your final answer to the nearest cent. Bank discount CActuary and trustee reports indicate the following changes in the PBO and plan assets of Lakeside Cable during 2024: Prior service cost at January 1, 2024, from plan amendment at the beginning of 2022 (amortization: $4 million per year) Net loss-pensions at January 1, 2024 (previous losses exceeded previous gains) Average remaining service life of the active employee group Actuary's discount rate ($ in millions) Beginning of 2024 Service cost Interest cost, 8% Loss (gain) on PBO Less: Retiree benefits End of 2024 Beginning of 2025 Service cost PBO $ 300 48 Interest cost, 8% Loss (gain) on PBO Less: Retiree benefits End of 2025 24 (2) (20) $ 350 PBO $ 350 38 28 5 Assume the following actuary and trustee reports indicating changes in the PBO and plan assets of Lakeside Cable during 2025: ($ in millions) (16) Beginning of 2024 Return on plan assets, 7.5% (10% expected) $ 405 Cash contributions Less: Retiree benefits End of 2024 Beginning of 2025 Return on plan assets, 15% (10% expected) $…
- If a CFP® professional engaging in financial planning represents his compensation method as fee-only, then which of the following is an acceptable form of compensation for him? A) Fees collected on the management of a client's investment assets VOC CA 103000 Ane Mon som mempun B) A commission earned on the sale of a variable annuity D de pe imp hun 2001 que 200 OC) A commission earned on the sale of a term life policy O D) A commission earned on the sale of a whole life policyFind how large must the annual payments be in the subsequent 6 years(t = 5, 6, 7, 8, 9, and 10) to meet their daughter’s anticipated college costs, by using mathematical formulas (not excel) **ANS: 3782 DOLLARSTammy had the following aggregate results from her 2019 investing activity: STCG $300,000 LTCG $450,000 STCL $260,000*** LTCL $390,000*** *** These are negative numbers, obviously. After the “netting procedure” described in the textbook, what is / are Tammy’s net 2019 result(s)?
- 9. Go to the Earnings Projections worksheet. Pranjali has entered most of the income and expense data on the worksheet. She knows the income from municipal grants will be $25,000 in 2022, and estimates it will be $40,000 in 2026. She needs to calculate the income from municipal grants in the years 2023-2025. The grants should increase at a constant amount from year to year. Project the income from Municipal grants for 2023-2025 (cells D5:F5) using a Linear Trend interpolation. 10. Pranjali also needs to calculate the income from insurance reimbursements in the years 2023-2025. She knows the starting amount and has estimated the amount in 2026. She thinks this income will increase by a constant percentage. Project the income from Insurance reimbursements for 2023-2025 (cells D7:F7) using a Growth Trend interpolation. 11. Pranjali needs to calculate the payroll expenses in the years 2023-2026. She knows the payroll will be $140,000 in 2022 and will increase by at least five percent per…at the end of the 2023 fiscal year the general fund had $500 in encumbrances that remained opened into fiscal year 2024. In 2024 the encumbered goods were received at an invoiced cost of $520. How much would be recorded as the 2024 expenditure?Reasons detailing how a max $20,000 scholarship would improve someone's situation.
- URE ic Gail Trevino expects to receive a $580,000 cash benefit when she retires seven years from today. Ms. Trevino's employer has offered an early retirement incentive by agreeing to pay her $310,000 today if she agrees to retire immediately. Ms. Trevino desires to earn a rate of return of 10 percent. (PV of $1& and PVA of $1) Note: Use appropriate factor(s) from the tables provided. raw Required a. Calculate the present value of the $580,000 future cash benefit. Assuming that the retirement benefit is the only consideration in making the retirement decision, should Ms. Trevino accept her employer's offer? Note: Round your final answer to the nearest whole dollar value. Present value Should Ms. Trevino accept the offer?Required information Problem 13-60 (LO 13-2) (Algo) [The following information applies to the questions displayed below.) In 2023, Nina contributes 10 percent of her $135,000 annual salary to her 401(k) account. She expects to earn a 8 percent before-tax rate of return. Assume she leaves the funds in the account until she retires in 25 years when she receives a distribution of the 2023 contribution and its associated earnings. What would be the after-tax proceeds of the distribution? Note: Round your intermediate calculations and final answers to the nearest whole dollar amount. Problem 13-60 Part a (Algo) a. Assume Nina's marginal tax rate at retirement is 30 percent. After tax proceeds from distribution Show Transcribed Text b. Assume Nina's marginal tax rate at retirement is 20 percent. After tax proceeds from distribution Show Transcribed Text c. Assume Nina's marginal tax rate at retirement is 40 percent. After tax proceeds from distributionWhat is Ted’s net amount due/ (refunded) for 2020?