Carolyn has an AGI of $38,8C
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- The Johnsons have accumulated a nest egg1of $40,000 that they intend to use as a down payment toward thepurchase of a new house. Because their present gross income has placed them in a relatively high tax bracket, theyhave decided to invest a minimum of $2400/month in monthly payments toward the purchase of their house.However, because of other financial obligations, their monthly payments should not exceed $3000. If localmortgage rates are 5.5%/year compounded monthly for a conventional 30-year mortgage, what is the price rangeof houses that they should consider?1A nest egg is a substantial sum of money or other assets that have been saved or invested for a specific purpose.Kari is purchasing a home for $220,000. The down payment is 25% and the balance will be financed with a 15 year mortgage at 8% and 3 discount points. Kari made a deposit of $30,000 (applied to the down payment) when the sales contract was signed. Kari also has these expenses: credit report, $90; appraisal fee, $110; title insurance premium, 1% of amount financed; title search, $200; and attorney's fees, $500. Find the closing costs (in $).Bao and Mary Jane Lee have a yearly income of $93 comma 84293,842 and own a house worth $127 comma 900127,900, two cars worth a total of $ 28 comma 195$28,195 and furniture worth $14 comma 08514,085. The house has a mortgage of $85 comma 67785,677 and they have a car loan with an outstanding balance of $5 comma 8225,822. Utility bills, totaling $181181 for this month, have not been paid. Calculate their net worth, and explain what it means.
- Jen purchased a condo in Naples, Florida, for $699,000. She put 20% down and financed the rest at 5% for 35 years. What are Jen’s total cost of interest? Multiple Choice $457,425.60 $626,863.20 $626,128.20 $978,600Brittany purchased an industrial lot in Sudbury for $1,100,000 and it was assessed at 65% of its purchase price. The annual property tax on the lot is 25 mills. a. Calculate the assessed value of the lot. Round to the nearest cent b. Calculate the property tax she would have to pay every year. Round to the nearest cent1/3 of Milo's money was 4/5 of Alan's money. If Milo gave $18 to Alan and he returned $4 to him a few days later, then both of them would have an equal amount of money left. How much did Milo have at first?
- Victoria Bassett is from you Claire Wisconsin and she has $61,000 gross income in 2016 what amount of taxes on gross income will she pay.Frankie purchased a house for $185,000 . He put 20% of the purchase down as a down payment. He financed the house for 4.25% for 15 years. The annual taxes are $1250 and the annual insurance is $1056. What is his monthly principal, interest, tax and insurance (PITI) mortgage payment.Betty invested $71,000 in Financial Vision Social Fund. The management fee for the fund is 0.60% of the total asset value. Calculate the management fee Betty must pay.
- Kari is purchasing a home for $260,000. The down payment is 25% and the balance will be financed with a 15 year mortgage at 8% and 3 discount points. Kari made a deposit of $20,000 (applied to the down payment) when the sales contract was signed. Kari also has these expenses: credit report, $70; appraisal fee, $110; title insurance premium, 1% of amount financed; title search, $200; and attorney's fees, $500. Find the closing costs (Sahara is an enterprising young woman (age 14). Her math tutoring service will generate $8,400 this year. She has her prior taxed earnings ($7,500) invested in a convertible bond fund that will generate 5% interest and 6% capital gains this year. How much of her income is taxable?a mother earned $15000.00 from royalties on her cookbook. She set aside 20% of this for a down payment for a new home. The balance will be used for her son's future education. She invested a portion of the money in a bank certificate of a deposit (cd account) that earns 4% and the remainder in a savings bond that earns 7%. IF the total interest earned after one year is $720.00, how much money was invested at each rate?