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Question - Personal Income Tax
Question - TVM I
Justin and Melanie have one child, Sara aged 8, and would like her to go to University when she turns 18 years old (10 years from today). Although the cost of tuition varies from University to University, depending on the program, Justin and Melanie estimate the cost of a 4-year degree program to be $50,000. To help their daughter go to school, Justin and Melanie would like to start saving today. Based on their historical investment performance, Justin and Melanie believe they can consistently earn a rate of return on their investments of 5.4% p.a. Assume they use their TFSA account to save for Sara's tuition (and therefore the growth is not taxable).
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Question - TVM II
Michael is 28 years old and works for Bell as a service technician. His gross annual salary is $72,000 per year, and he expects it to increase by 3% per year going forward. Michael's annual average tax rate is 30% and his marginal tax rate is 35%. Michaels believes he can earn a rate of return equal to 7% p.a. on his savings.
GM is currently working on a project to convert the Camaro (sports car) into an all-electric vehicle. Michael plans on buying himself a new electric car, in 7 years. The current price of the car is approximately $65,000.
William, who wrote a novel twenty years ago about a school for magicians, sues J.K. Rowling, author of the Harry Potter books, for copyright infringement. William will probably lose, because.
In which one of the following instances do the industry-low, industry-average, and industry-high values for the benchmarked data in each issue of the FIR provide strong indication that one or more elements of a company's costs are likely too high ..
A stock currently sells for $50. In six months it will either rise to $60 or decline to $45. The continuous compounding risk-free interest rate is 5% per year.
Calculate the equivalent annual costs (EAC) of each machines. What is the Equivalent Annual Cost (EAC) of machine A?
1. chips home brew whiskey management forecasts that if the firm sells each bottle of snake-bite for 20 then the
What is the weighted average cost of capital [WACC] for LIS?
a stock just paid an annual dividend of 2.50. dividends are expected to grow at 1.5 percent. if the required rate of
Check the calculations in this chapter and describe the effects of changing parameter values. What assumptions do the functions make? What improvements would you like?
What is the nominal annual rate of interest compounded quarterly at which $1094.00 will accumulate to $1862.76 in five years and three months?
if a stocks pe ratio is 13.5 at a time when earnings are 3 per year what is the stocks current
consider a and b live in an exchange economy with two goods x1 and x2. a owns 50 of both goods and b own 250 of both
The company's beta is 1.25, the market risk premium is 6.0%, and the risk-free rate is 4.00%. What is the company's current stock price?
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