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a. Compare a $16,000 tax deduction for costs of health insurance and health care to a $5000 tax credit for those health costs during a given year. How much money do these tax breaks save for a single taxpayer with a marginal income tax rate of 25%? How much for a taxpayer with a marginal income tax rate of 40%? Assume in each case that the taxpayer itemizes deductions and has at least $16,000 in annual costs of health insurance and care.
b. Describe the way that the benefits of health cost tax deductions and tax credits like those in part a are distributed across richer vs. poorer taxpayers. Be as specific as possible, assuming that the taxpayers can deduct what they spend on health insurance and health care, up to a maximum of $18000, or else that they can get a tax credit for what they spend, up to a maximum of $5000.
You are given the following information for Sookie’s Cookies Co.: sales = $51,600; costs = $39,200; addition to retained earnings = $2,360; dividends paid = $955; interest expense = $1,520; tax rate = 40 percent. Calculate the taxable income. Calcula..
An investment project costs $10,000 and has annual cash flows of $2,950 for six years. What is the discounted payback period if the discount rate is zero percent? Discounted payback period years What is the discounted payback period if the discount r..
The dividend for Should I, Inc., is currently $1.25 per share. It is expected to grow at 20 percent next year and then decline linearly to a 5 percent perpetual rate beginning in four years. If you require a 15 percent return on the stock, what is th..
An investment costs $1200 up front and $800 five years from now. It yields returns of $400 every fourth year (in years 4, 8, 12, etc) for the next 20 years.
What is the value in year 17 of a $2,500 cash flow made in year 7 when the interest rates are 5.7 percent?
What is the equivalent annual compounding rate? What is the equivalent continuous compounding rate?
You have just agreed to a new loan and have purchased a $3,000 computer today. The loan has a 19.6% annual interest rate, compounded monthly. The minimum monthly payment is $58 and you do not expect to ever pay more than the minimum payment. Assuming..
Fama's Llamas has a weighted average cost of capital of 10.5 percent. What is the company's target debt-equity ratio?
What is the uniform annual revenue that must be collected in the next 15 years to make each of the two designs worthwhile from the view of the City?
Your firm has an average collection period of 28 days. Current practice is to factor all receivables immediately at a discount of 1.8 percent. What is the effective cost of borrowing in this case?
How much money will they have accumulated 30 years from now? If their goal is to retire with $800,000 of savings, how much extra do they need to save every year
What kinds of risk do you face for option 1 and options 2? Compare the risks of the two options.
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