The worthingtons love to travel, so when they retired they sold their house and purchased a motor home valued at $165,000. they tow their car, valued at $32,000 behind their motor home when they travel. the worthingtons have medical bills totaling $1,300 and a balance of $3,000 on credit cards. since they invested for retirement, the worthingtons have $200,000 in investments and an additional $20,000 in their savings account. what is the worthingtons’ net worth?
a. $411,700
b. $412,700
c. $413,700
d. $414,700

Josie, an unmarried taxpayer, has $155,000 in salary, $10,000 in income from a passive investment in a limited partnership, and a $26,000 passive loss from a real estate rental activity in which she actively participates. if her modified adjusted gross income is $155,000, how much of the $26,000 loss is deductible

Each month, business today publishes a news piece about an innovative product, service, or business. such soft news is generally written by a freelance business writer and is known as a

1. what is the amount of interest earned after two years on a $100 deposit paying 4 percent simple interest annually? $8.00 $4.08 $8.16 $4.00 2. what is the amount of compound interest earned after three years on a $100 deposit paying 8 percent interest annually? $24.00 $8.00 $16.64 $25.97 3. a business just took out a loan for $100,000 at 10% interest. if the business pays the loan off in three months, how much did the business pay in interest? $2,500.00 $10.00 $250.00 $10,000.00 4. what is the annual percentage yield (apy) for a deposit paying 5 percent interest with monthly compounding? 5.00% 5.12% 79.59% 0.42%