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Will wants to have an interest income of 3000 dollars over 4 year's How much must he invest in order to get that amount at 8 percent?
Wiki User
∙ 11y ago
$3,000/4 = $750 per year = 8% of 'x'.
0.08x = 750
x = 750/0.08 = $9,375.00
Wiki User
∙ 11y ago
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If 85 percent of a monthly income is spent if and 360 dollars remains what was the monthly income?
2,400
A family spends 9 percent of it income on entertainment how much do they spend if their monthly income is 5000?
450 dollars would be spent a month on entertainment if the family spends nine percent of their $5000 income monthly on that. You figure this by multiplying .09 by 5000 giving 450, which is the amount spent monthly on entertainment.
. The bank earns 10 percent on commercial loans and 12 percent on home loans. What amount of money should be allotted for each type of loan to maximize the interest income?
All of the money into home loans of course.
A family spends 20 percent of its income on food 23 percent on rent and 42 percent on other expenses and saves the balance if the family saves 360 dollars per month what is the families monthly income?
Total Income = ? % spent on Rent = 23% % spent on food = 20% % spent on Other expenses = 42% Amount remaining = 360 % remaining = 100 - (23 + 20 + 42) = 15% 15% of X amount = 360. So X = 360/15% = 2400 The families total income is $2400
A man invest 20000 at an annual interest rate of 17 percent and 1200 at an annual interest rate of 7.5 percent what was his annual income on the two investments?
17% of 20,000 = 3,4007.5% of 1,200 = 903,400 + 90 = $3,490
What is the journal entry if i received 10000 as a interest income and 10 percent percent advance income tax paid?
debit cash 9000debit tax 1000credit interest income 10000
What is the basic rate for Maryland taxes?
The basic rate for Maryland taxes is two percent of the taxable income. This is the rate for when the amount of taxable income is less than one thousand dollars.
If your taxable income is from 4000.00 7499.00 your tax is 100 plus 5 percent of any amount 4500.00 how much tax in dollars is due on a taxable income of 5800.00?
How about this amount 1300 X .05 = 65 + 100 = 165
If 85 percent of a monthly income is spent if and 360 dollars remains what was the monthly income?
2,400
A family spends 9 percent of it income on entertainment how much do they spend if their monthly income is 5000?
450 dollars would be spent a month on entertainment if the family spends nine percent of their $5000 income monthly on that. You figure this by multiplying .09 by 5000 giving 450, which is the amount spent monthly on entertainment.
If your taxable income is from 4000.00-7499.00 your tax is plus100 plus 5 percent of any amount 4500.00 then how much tax in dollars is due on a taxable income of 5800.00?
So you have 100 plus 5 percent of the amount over 4000. 2999 X .05 WOULD BE 120 PLUS THE 100 WOULD 220 CORRECT.
. The bank earns 10 percent on commercial loans and 12 percent on home loans. What amount of money should be allotted for each type of loan to maximize the interest income?
All of the money into home loans of course.
Can someones income be garnished at 100 percent?
No, the typical amount allowed is 25% of disposable income.
How much taxes do you pay on the interest from a 12 month CD?
If your federal marginal income tax rate is 15 % and you have 1000 of interest income for the year on the 12 month CD the federal income tax amount would be 150 of federal income tax on the 1000 of interest income.
I am working on my tax return and want to know how interest affect refunds.?
The income that was paid to you on an 1099-INT is taxable income. The interest paid to you will increase your overall income, which lowers your refund amount.
If your taxable income is from 4000 - 7499 your tax is 100 plus 5 percent of any amount 4500 how much tax in dollars is due on a taxable income of 5800?
$100.00 plus 5% of $1300.00 = $100.00 + $65.00 = $165.00
An amount of income that is not included in your gross income is known as what?
Income tax exempt INTEREST INCOME but the amount that is exempt from income tax does have to be reported on your income tax return and is used in the calculations to determine if any amount of any social security benefits that you receive will become taxable income on your 1040 income tax return.
