NEED HELP ASAP IS AN EXAM. PLEASE ANSWER AS FAST AS YOU CAN

. . . Part 2 [Progressive Rates): The following scheme is being proposed for income tax On the first $30,000 of income 0%; on income over $30,000 but less than or equal to $40,000, 10% of income over $30,000 on income over $40,000 but less than or equal to $50,000, tax on $40,000 of income + 25% of income over $40,000 on income over $50,000 but less than or equal to $60,000, tax on $50,000 of income + 35% of income over $50,000 on income over $60,000, tax on $60,000 + 45% of income over $60,000 (All income amounts are annual amounts). . . Question 1 (1 pt] If a person is earning $25,000 (annual salary) what amount of tax ($) will the person pay? Question 2 [1 pt] If a person is earning $45,000 (annual salary) what amount of tax (S) will the person pay? Question 3 [1 pt] If a person is earning $75,000 (annual salary) what amount of tax (S) will the person pay? Question 4 12 pts) If a person pays $5250 under the proposed scheme what is the person's annual salary? Part 3: (NPV and IRR] An investor has $40,000 and is considering buying a 4 year GIC which pays 6% interest (compounded annually) or investing in a start-up company that promises to pay $6,000 at the end of year 1, $8,000 at the end of year 2, $12,000 at the end of year 3, and $18,000 at the end of year 4. Question 1 [1 pt] What discount rate should the investor use to do an NPV calculation? Question 2 [2 pts) What is the NPV of the start-up company investment? Question 3 (2 pts] The investor considers a third possible investment and finds it has an IRR of 8%. Based on the IRR does this third possible investment give, a) a better return on investment than the GIC, b) not such a good return on investment as the GIC, or c) the same return on investment as the GIC? Part 4 (Annuities) Galadriel is planning to retire when she is 70 years old and wants to be able to draw $5,000 per month from a savings account for 20 years during her retirement. Her savings account pays 3% interest. (Note: symbols, such as r and n, have the same meaning as in the MATH105 Formula Sheet). Question 1 1pt] What (decimal) value of r must be used to calculate the amount needs to save by the beginning of her retirement? Question 2: [1 pt] What value of n must be used to calculate the amount that needs to be saved by the beginning of her retirement? 1 Question 3: [1 pt] Which of the following formulas should be used to calculated how much Galadriel needs to save by the beginning of her retirement? (Use a), b) or c) as your option in the multiple choice quiz). a) FV = PV(1 + r)" pmt((1 + r)" - 1) b) FV = 1 pmt(1 - (1 + r)-) c) PV Question 4 [1 ptHow much must Galadriel save by the start of her retirement? Question 51 ptWhich of the following formulas should be used to calculated how much Galadriel needs to deposit each month while she continues to work, to reach her retirement target? (Use a), b) or e) as your option in the multiple choice quiz). a) FV = PV(1 + r)" pmt((1 + r)" - 1) b) FV = pmt(1-(1 + r)") PV