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please help me. thank you. Calculate the future value of a retirement account in which you deposit $3,000 a year for 40 years with an
please help me. thank you.
Calculate the future value of a retirement account in which you deposit $3,000 a year for 40 years with an annual interest rate of 8 percent. Use Exhibit 1-B. (Round time value factor to 3 decimal places and final answer to the nearest whole number.) Future value Bill Mason is considering two job offers. Job 1 pays a salary of $39.800 with $5,396 of nontaxable employee benefits. Job 2 pays a salary of $38,300 and $6,230 of nontaxable benefits. Use a 28 percent tax rate. (a) Calculate the monetary value of each job. (Round your final answers to the nearest whole number.) Monetary Value Job 1 Job 2 (b) Which position would have the higher monetary value? Job 2 O Job 1 Helen Ming receives a travel allowance of $220 each week from her company for time away from home. If this allowance is taxable and she has a 15 percent income tax rate, what amount will she have to pay in taxes for this employee benefit? (Round your final answer to 2 decimal places.) Annual tax amountStep by Step Solution
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