Suppose you are in the 25% marginal tax bracket.  Then a tax credit of $1000 will reduce your tax bill by

Q: how much should you put in an investmenr paying a simple loan of 5% if you needed $4000 in eighteen…

A: According to question,Given data,Rate of Interestr = 5%Simple interest = $4000Time = 18 Months

Q: Suppose your gross monthly income is $5,700 and your current monthly payments are $425. If the bank…

A:

Q: Suppose you wish to borrow $⁢600 for five weeks and the amount of interest you must pay is $25 per…

A:

Q: Problem 3 Lin's father is paying for a $20 meal. He has a 15%-off coupon for the meal. After the…

A: The detailed explanation is as below-

Q: Matthew wants to set up a sinking fund that will be worth $100,000 after 20 years of monthly…

A:

Q: Show that taking out a 15 year mortagage instead of a 30 year mortagage (for the same loan amount at…

A: This could be understood using an example: Lets take a mortagage loan of $10000 with a 10% interest…

Q: What is the unemployment rate?

A: Unemployment rate=(No: of unemployed people/ Total population) *100 =(1.5/60)*100 =2.5%

Q: rm needs a computerized machine tool lathe which costs $58,000 and requires $12,800 in maintenance…

A: Given that your firm needs a computerized machine tool lathe which costs $58,000 and requires…

Q: When I was considering what to do with the $15,000 proceeds from my sale of technology stock, my…

A:

Q: Consider the statement the interest rate on auto loans have increased by 50% over the past decade…

A: Given: The interest rate on auto loans have increased by 50% over the past decade and now stands at…

Q: What is the depreciation expense for the first year straight-line method using the following? Cost…

A: Given that : cost of car = $26,000 residual value = $6,000 life = 5 years

Q: What is the real income value for 2002?

A: Real Income = Annual Income×100Cost index

Q: he purchase of a $75,000 machine would result in labour cost savings of $25,000 in Year 1, $30,000…

A:

Q: A company offers a starting yearly salary of $33,000 with raises of $2500 per year. Find the total…

A: It is given that the starting salary is $33,000 with every year raise is $2500 Suppose nth term be a…

Q: Suppose that the total interest that will be paid on a 25-year mortgage from a home loan of $130,000…

A: The loan = $ 130,000Interest is = $ 380,000Total loan and the interest= ( 130,000 + 380,000)= $…

Q: In the variable costing income statement, how are the fixed manufacturing costs reported, and how…

A: Variable costing Income statement is a way of finding the net profit or loss for a particular…

Q: Estimated number rabies deaths that would occur with O% PEP = 280 Estimated number rabies deaths…

A:

Q: Suppose that your parents have enough money to buy a car and a house. The car that they want to buy…

A: Cost of the car at buying time is =P 800,000 . Depreciation rate is 15%. It means that cost of the…

Q: When the minimum wage was enacted in 1938it was $0.25 per hour. (a) If the minimum wage increased at…

A:

Q: Suppose your gross monthly income is $5,700 and your current monthly payments are $575. If the bank…

A: We need to find maximum loan amount.

Q: minimum

A: The mortgage formula is given by: M=P.r1+rn1+rn-1, where it is given that P=$175,000, r=0.04512 and…

Q: Suppose you have budgeted $ 1025 a month towards a mortgage. If you are offered a 30 year mortgage…

A: Let x be the mortgage amount that offered.

Q: Responding to Democrats who support doubling the federal minimum wage, a Republican says, "The…

A: From the given statement the, premise is "doubling the minimum wage" and the conclusion is "everyone…

Q: A $50,000 retirement pension is to be invested into two accounts: a money market fund that pays 8.5%…

A: An amount of $50,000 is invested in two accounts that pays 8.5% and 10.5%. Yearly interest is $4550.…

Q: Solve the problem. If an entrepreneur applies for a loan amounting to P500, 000 in a bank, the…

A: Given: The amount of loan is P=500,000. The simple interest (S.I) is P157,500. The time (t) is 3.…

Q: A new employee is paid $22.50 an hour. A performance evaluation is completed at the end of the year,…

A: We have to find rate per hour after increment.

Q: The comparative income statement of Lawn Products, Inc. showed sales of $325,000 in 2004 and…

A: The comparative income statement of lawn products,   Inc showed sales in years 2004 is = $ 325,000…

Q: If the annual dividend per share for a company is $0.14 and the closing price $21.81, then the Stock…

A:

Q: Your perfectly reliable friend asks for a loan and promises to pay back P 150 two years from now. If…

A: We can find the maximum amount to be loaned as below

Q: The price of a home is $220,000, financed at 7% with a 30 year fixed rate. 20% down and 3 points…

A: The down payment is = Price of Home × percentage of down payment = $( 220,000 × 20%)…

Q: The variable costs to manufacture a digital appliance are $270 per appliance and the selling price…

A: Given: Variable cost =$270 per appliance, Selling price =$720 per appliance and Fixed cost =$42,900…

Q: Suppose that a life insurance company insures 5700 ​40-year-old people in a given year.​ (Assume a…

A: Given that - Death rate is 4 per 1000 People Among 55700 people = (4/ 1000) × 5700 = 4 × 5.7 = 22.8…

Q: If the price of attending Big Benefits University is $8,000 a year for tuition, fees, books, and and…

A: Amount for tuition, fees and books = $8000 Amount in foregone earnings = $25000 Total price of…

Q: If a lump-sum income tax of $30 billion is levied and MPS is 0.2, the consumption schedule will…

A: Given Tax amount =$30 billion MPS=0.2

Q: If you owe $2000 on a credit card with 18% annual interest compounded monthly, how i) much money…

A:

Q: Suppose that a life insurance company insures 4200 ​40-year-old people in a given year.​ (Assume a…

A: Given information Company insures 4200 people Cost of premium = $300 Death Benefit = 55,000

Q: If your gross pay is $2,200 per month and your take-home pay is $1,421, what percent (to the nearest…

A: The term per cent means for every hundred. A fraction whose denominator is 100 is called a…

Q: If the markup on an item is 30.00% of its selling price, calculate the markup as a percentage of the…

A: To calculate the markup as a percentage of the cost of the item if the markup on an item is 30.00%…

Q: The highway department expects the cost of maintenance  for a piece of heavy construction equipment…

A:

Q: List some possible costs associated with renting a hall for a wedding or a banquet.

A: (a) we list the possible costs associated with renting a hall While renting a hall, the associated…

Q: If an investment company started in business with $1 million of capital on January 1 and, because of…

A: We will solve the following

Q: A homebuyer wishes to finance the purchase with a $95,000 mortgage with a 20-year term. What is the…

A:

Q: What is the estimated total cost to attend the FIRST YEAR of this university? $

A:

Q: How much is the effective cost if you need to borrow $350,000 for one year with 9% single payment…

A:

Q: how do you solve a depreciation problem?

A: In question we have to describe how can we solve depreciation problem.

Q: A sum of $20,000 is used to buy a deferred perpetuity-due that pays $2,100 every year for the first…

A: Solution

Q: A credit union is offering 30-year home loan with annual rates of 4.1% with 1.5 points or 3.8% with…

A: Given p=$330000

Q: Consider two options for purchasing a Honda Fit LX: one is a brand new 2020 model with a…

A: Here two cases are there  case-I of taking new bike case-II of taking two year old bike with less…

Q: What would Jeremy's taxable income be if he were to choose a standard deduction of $5700 instead of…

A:

Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.