Assume your gross pay per pay period is $2,300 and you are in the 28 percent tax bracket. Calculate your net pay and spendable income if you save $230 per pay period in a tax-sheltered annuity. (Do not round intermediate calculations. Round the answers to the nearest whole dollar.)
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- Suppose that your monthly net income is $2,480. Your monthly debt payments include your student loan payment and a gas credit card. They total $496. What is your debt payments-to-income ratio? (Enter your answer as a percent rounded to the nearest whole number.)A perpetuity pays $85 per year and costs $3,580. What is the rate of return? Select the correct answer. O a. 4.17% Ob. 3.27% O c.0.57% d. 2.37% O e. 1.47%suppose you are in a hurry to get your income refund. if you mail your tax return, you’ll receive your refund in 5 weeks. if you file the return electronically through a tax service, you can get the estimated refund tomorrow. the service subtracts 100 dollar fee and pays you the remaining expected refund of $1956. what is the apr? what is the ear? how large does the refund have to be for the apr to be 15%?
- Suppose your principal investment is $1800 and you have a nominal interest rate of 6.5%. what is your nominal interest income? Presume you are taxed at the 22% tax rate, who much will you pay in taxes and what is your after tax nominal income? Presume inflation was 2.7% during the year, what is the loss of principal due to inflation? What is your real interest income? What is after-tax real interest income?i need the answer quicklyPlease help. Dont do handwritten pls
- You invest 185 000 TL to a bank deposit account at gross rate of %24.5 for 65 days. If the withholding tax rate is %15, how much would you have net in your account at the end of 65 days.Your parents lent you $932 to pay your rent 2 months ago. You just paid them back today and gave them $60 extra for interest. What is the annual percentage rate (APR)?Use a calculator to evaluate an ordinary annuity formula nt 1 +I 1 A = m %3D for m, r, and t (respectively). Assume monthly payments. (Round your answer to the nearest cent.) $100; 6%; 10 yr A = $ Need Help? Read It
- Consider each part below independently. (Ignore income taxes in your calculations.) Use the built-in PV functions for these calculations. Enter PV(n;i) in a value box to calculate the present value of $1 over n compounding periods with a periodic rate of i. Similarly, use PVA(n;i) to calculate the present value of an annuity. E.g., the present value of $1,000 with a periodic rate of 3%, and 2 compounding periods can be entered as 1000*PV(2,3). a) NorthCo's required rate of return is 17% on all investments. The company can purchase a new machine at a cost of $65,000. The new machine would generate cash inflows of $17,000 per year and have an 18-year useful life and no salvage value. Compute the machine's net present value and decide if the machine is an acceptable investment. Round your present values to the nearest dollar. Present Value of Cash Flows Item Net annual cash inflows. Net present value Is the machine an acceptable investment? (Select one) b) East Co is investigating the…Use a calculator to evaluate an ordinary annuity formula nt A = m for m, r, and t (respectively). Assume monthly payments. (Round your answer to the nearest cent.) $100; 8%; 11 yr A = $Annuity A has a present value of $100,000 and makes 20 payments. Annuity B has a present value of $100,000 and makes 18 payments. All else equal, which one has the higher payment? Select one: a. Not enough information to determine. b. B c. A