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1.You need $75,000 in today's dollars for a purchase in 3 years. You expect that your savings will earn 7% compounded annually, and inflation will

1.You need $75,000 in today's dollars for a purchase in 3 years. You expect that your savings will earn 7% compounded annually, and inflation will be 4%. You will make 3 equal annual deposits starting at the end of the year. What is the amount of your first payment? How much will you have at the end of the 3 years?

2.If you deposit $5,339 into a fund (today) that earns 6% interest compounded monthly,what minimum payment can you withdraw at the end of each month for 5 years so that the account has a $0 balance.

3.Need help solving "Xa*9.6%+(1-Xa)*7.8%=8.88%"

4.It is February 13, 2020 and Sam just turned 18 year's old (resident of Quebec). He has been working part-time since he was 16 year's old and is looking at making his first Registered Retirement Savings Plan (RRSP's) contribution. Before going to the bank tomorrow, he wanted you to calculate the maximum that he could contribute and claim as a deduction on his 2019 personal income tax return

Yannick's gross salary:

2018 (16 years old):$4,000

2019 (17 years old): $5,000

2020 (18 years old): $10,000

RRSP annual limits:

year 2016: $ 25370

2017: $ 26010

2018:26230

2019:26500

2020:27230

5.Anna has just become eligible to participate in her company's retirement plan; she is excited as her company matches her contributions dollar for dollar in this plan. The plan averages an annual return of 7% interest compounded monthly. Josie is 35 years old and plans to retire at age 65. She receives her pay at the beginning of each month and contributes 10% of her gross monthly salary of $2,500 into her retirement plan. What is the total amount that she will have when she retires?

6.Say a single filer has 2019 wages of $50,000 and LT capital gains of $10,000. Would I use $60,000 to determine my capital gains tax rate or $47,800 ($60,000 less the 2019 standard deduction)?

7.Accounting Equation Shannon Cook is the stockholder and operator of You're A Star LLC , a motivational consulting business. At the end of its accounting period, December 31, 20Y2, You're A Star has assets of $777,000 and liabilities of $186,000. Using the accounting equation determine the following amounts:

A. Stockholders equity as of December 31, 20Y2 .

B. Stockholders equity as of December 31, 20Y3 , assuming that assets decreased by $148,000 and Tables decreased by $45,000 during 20Y3

8.On June 25, Repair Service extended an offer of $141,000 for land that had been priced for sale at $161,000, On July 9, AAA Repair Service accepted the seller's counteroffes of $153,900. On October 1 the was assessed at a value of $230,000 for property tax purposes. On December 22, AAA Repair Service was offered $245,000 for the land by a national retail chain.

At what value should the land be recorded in AAA Repair Service's records?

9.Bull Built, a design/build engineering company that has always given year-end bonuses in the amount of $4,000 to each of its engineers, is having cash flow problems. The president said that although Bull Built couldn't give bonuses this year, next year's bonus would be large enough to make up for this year's omission. If the interest rate is 10% per year, what is the equivalent bonus that engineers should receive next year?

10.What is the difference between income tax treatment and accounting

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