If you earn a total of Php 1,000,000.00 annually, what is your expected monthly tax?
Q: Suppose a person invests a toal of $10,000 in two accounts. One account earns 8% annually and the…
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A: in this we have to calculate Present value of perpetuity.
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A: Formula:
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A: Future value of annuity = P * [ (1+r)^n - 1 ] /r Where, r =rate of interest per period n = no. of…
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A: Individuals or companies invest regular amounts in financial instruments to earn interest on the…
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A: Given: Federal income tax = $3,849 Gradient = 5% Interest rate = 11%
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A: Annuity is the no. of payments which are equal in size and made in equal interval of time. Person…
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A: The amount earned or paid by lending or borrowing money is referred to as interest. When calculating…
Q: What's the rate of return you would earn if you paid $1,480 for a perpetuity that pays $75 per year?
A: Rate of return is the rate you earn on perpetuity i.e. amount initially paid.
Q: Compute the specified quantity. You are expecting a tax refund of $4,000 in 10 weeks. A tax preparer…
A: given data principle amount = 4000 In a year there are 52 weeks time period = 10 weeks the time…
Q: Suppose you are paid $2,000 per month and your employer's 40100 matches your contributions by 10% up…
A: Here, Monthly Pay is $2,000 Maximum Contribution in 401K is 15% of Monthly pay Period of working is…
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A: According to the time value of money concept, the value of money on the future date will be less…
Q: 1. Suppose you are paid $2400 per month and your employer's 401(k) matches your contributions by 50%…
A: The question is based on the calculation of future value of deposit made in retirement account…
Q: Mr. Kuri made a money market placement of 1m for 45days at 7.5 If the withholding tax is 20% how…
A: Interest = Principal Amount x Interest Rate x Maturity Period365 days Net Interest = Interest -…
Q: An individual earns an extra $2000 each year and places this money at the end of each year into an…
A: When any regular payment is made like paying rent for the apartment or interest on the bond is…
Q: You just received your tax refund of $10,000.00 and you invest it in an annuity that pays 6.6%,…
A: Here, tax refund of 10,000 was invested in the annuity due at 6.6% for 1 year. Here, compounding…
Q: year by making the retirement fund contributions? le 12-1, much will the retirement fund be worth…
A: Annual contribution=$5500 Annual interest =6% Federal tax rate =28% Tax on mutual funds =17% Future…
Q: You own Php35,000 from the bank for 3 years at 8.50% annual interest, and you will make equal…
A: Loan amount (P) = Php35,000 Monthly loan term (t) = 36 (i.e. 3 years * 12) Monthly interest rate (r)…
Q: How much would need to be saved annually for 6 years to get 100 000 € by the time the last deposit…
A: Future Value(FV) € 1,00,000.00 Number of Payment(nper) 6 Interest Rate 2.15% Source…
Q: An individual earns an extra $2500 each year and places this money at the end of each year into an…
A: INTEREST RATE 8.70% PERIOD (YEARS) 45 PMT (ANNUAL EARNINGS) 2500 PRESENT VALUE $0
Q: A recent government study reported that a college degree is worth an extra Php23000 per year in…
A: Compounding is the process in which an asset's earnings, from interest, are reinvested to generate…
Q: Compute the specified quantity. You are expecting a tax refund of $2,000 in 5 weeks. A tax preparer…
A: Simple interest is based on the principal amount of a loan or the initial deposit in a savings…
Q: An individual earns an extra $2000 each year and places this money at the end of each year into an…
A: Time value of money (TVM) is used to measure the value of money at different point of time in the…
Q: If you were offered $1000 today of $1050 in one year which would you accept if money can be invested…
A: A concept that implies the future worth of the money is lower than its current value due to several…
Q: Suppose you are in the 25% marginal tax bracket and earn $15,000. Then a tax credit of…
A: The tax credit is an amount by which the amount of tax liability is decreased. It is different from…
Q: the rate of return
A: solution:- The present value of an annuity paid in perpetuity is PV = PMT/i where i is the rate.…
Q: you would earn if you paid $1
A: A perpetuity is a series of uniform cash flows over an indefinite period of time.
Q: Abel wants to determine the amount of money he would obtain from the interest of PHP 2,000 at 16%…
A: Time value of money (TVM) refers to the method or technique which is used to measure the amount of…
Q: A man deposit ₱100,000.00 for one year which pay an annual interest of 6%. The income is taxable and…
A: Interest rate means the rate of interest that the investment fetches during the period of time. It…
Q: You choose to invest your $3,110 income tax refund check (rather than spend it!) in an account…
A: Future Value(FV) is worth of current amount at future time that is computed by compounding that…
Q: Your friend made an investment of P 45,000 for 2 months at 15% simple interest. If withholding tax…
A: Simple interest = Amount x Rate x Time = P45,000 x 15% x 2 months12 months = P1,125
Q: 4. If a person earns P340,560 a year, find the person's salary if the person is paid weekly.
A: There are 366 days in a year which comprises of 52 weeks and 2 days . 1 week = 7 days
Q: ica deposits her annual business profit into a savings account that pays 7% interest compounded…
A: Future Value refers to the value of the current asset or investment or cash flows at a specified…
Q: Brianca plans to save $5,000, $1,000, and $42,000 a year over the next three years, respectively.…
A: Time value It tells that value received today has more value than that of receiving the same amount…
Q: If a man earns a salary of $34,892 a year and is paid weekly, how much is his weekly paycheck before…
A: The salary of a person can be determined on weekly, monthly or annual basis by adjusting the related…
Q: A $100,000 loan can be obtained at a 10 percent rate with monthly payments over a 15-year term.a.…
A: The question is based on the concept of mortgage loan and tax treatment on the portion of interest…
Q: What is the rate of return you would earn if you paid $3,680 for a perpetuity that pays $85 per…
A: In this question we require to compute the rate of return on a perpetuity.
Q: Joy had a tax refund of 733.43 due. She was able to get her tax refund immediately by paying a…
A: TAX is a type of revenue to the government , it is collected by the Government from the people…
Q: Suppose that you borrow $11,000 for five years at 5% toward the purchase of a car. whats the…
A: Given: Amount borrowed = $11,000 Time =5 years or 5*12 =60 periods Rate =5% or 0.05/12 =0.42%
Q: The annual income from a rented house is $26,400. The annual expenses are $7200. If the house can be…
A: Present Value: It refers to the amount of money received today is having more worth than the same…
Q: If you borrow $1,000 and pay back $1,728 in three years, what annual rate of interest are you…
A: Annual Percentage rate (APR) is the percentage rate that shows the interest calculates on the…
Q: your bank also requires that the monthly mortgage payments include properety tax and homeowners…
A: Formulas: Total monthly payment = Monthly payment of property tax + Monthly payment of insurance
Q: Suppose someone his earned income per year is $7000, and the income guarantee, IG, is $5000. And…
A: Disposable income is calculated based on the below-mentioned 4 steps: 1. Determine the earned income…
Q: 7.) Mr. Almagro made a money market placement of P1,000,000 for 30 days at 7.5% per year. If…
A: Interest : it may be defined as the regular payment made in favor of money lent or we can say that…
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- Using the Train act shown below, how much annual tax will be paid by a salesman who earns a basic salary of Php. 450,000.00 per year plus a commission of 20% if he sold over Php. 30,000? Assuming the salesman was able to sell Php. 50,000 regularly per month. He has a total deduction of Php. 70,000 per year. What is his monthly tax deduction?1. Suppose you currently earn taxable income of $100,000 per year. You are subject to an MTR of 50 percent. Currently, your ATR is 35 percent. Calculate your annual tax. Calculate the extra tax that you would pay per year if your annual income increased to $110,000. What is your ATR when your annual income is $110,000?You choose to invest your $3,410 income tax refund check (rather than spend it!) in an account earning 5% compounded annually. How much will the account be worth in 30 years? (Use the Table provided.) (Round your answer to the nearest cent.)
- If you have a small business and you are earning Php 10,000 a month, should you pay any tax?You just received your tax refund of $10,000.00 and you invest it in an annuity that pays 6.6%, compounded monthly. If you withdraw the money at the beginning of each month for the next 1 year(s). How much will each payment be?The payment would be $. (Round to 2 decimal places.)Helen Meyer receives a travel allowance of $210 each week from her company for time away from home. If this allowance is taxable and she has a 10 percent income tax rate, what amount will she have to pay in taxes for this employee benefit annually? (Round your final answer to 2 decimal places.)
- One month from now, Kelly will make her first monthly contribution of $250250 to a Tax-Free Savings Account (TFSA). She expects to earn 88% compounded annually. How long will it take for the contributions and accrued earnings to reach $65 comma 00065,000?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%?Javier is currently paying $1 comma 5001,500 in interest on his credit cards annually. If, instead of paying interest, he saved this amount every year, how much would he accumulate in a tax-deferred account earning 1111 percent over 99, 1414, or 1919 years? Note: Round intermediate computations to at least five (5) decimal places. Click on the table icon to view the FVIFA table: LOADING...
- You choose to invest $2,985 income tax refund check (rather than spend it) in an account earning 5% compounded annually. How much will the account be worth in 30 years?Your friend made an investment of P 45,000 for 2 months at 15% simple interest. If withholding tax is 20%, what is the net interest that he will receive at the end of 2 months?Self-employed persons can make contributions for their retirement into a special tax-deferred account called a Keogh account. Suppose you are able to contribute $10,000 into this account at the end of each year. How much will you have at the end of 30 years if the account pays 3% annual interest? (Round your answer to the nearest cent.)
