subject
Business, 16.06.2021 21:30 hala201490

In order to add an addition on to their home, Bill and Mary borrowed $80,000 from Mary's father Jim. The money is to be repaid in 5 years and Jim's only other financial requirement is that Bill and Mary pay him the 1% rate per year that he was earning from his online money market account. The mid-term AFR rate is 3%. Additionally, Bill and Mary have net investment income in the current year of $1,500. How much total income must Jim recognize on his taxes for the first year

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 22:10
There are more than two types of bachelors’ degrees true or false?
Answers: 1
question
Business, 21.06.2019 22:40
Gyou plan to deposit $1,700 per year for 5 years into a money market account with an annual return of 2%. you plan to make your first deposit one year from today. what amount will be in your account at the end of 5 years? round your answer to the nearest cent. do not round intermediate calculations. $ assume that your deposits will begin today. what amount will be in your account after 5 years? round your answer to the nearest cent. do not round intermediate calculations.
Answers: 2
question
Business, 22.06.2019 14:20
In canada, the reference base period for the cpi is 2002. by 2012, prices had risen by 21.6 percent since the base period. the inflation rate in canada in 2013 was 1.1 percent. calculate the cpi in canada in 2013. hint: use the information that “prices had risen by 21.6 percent since the base period” to find the cpi in 2012. use the inflation rate formula (inflation is the growth rate of the cpi) to find cpi in 2013, knowing the cpi in 2012 and the inflation rate. the cpi in canada in 2013 is round up your answer to the first decimal. 122.9 130.7 119.6 110.5
Answers: 1
question
Business, 22.06.2019 16:20
Stosch company's balance sheet reported assets of $112,000, liabilities of $29,000 and common stock of $26,000 as of december 31, year 1. if retained earnings on the balance sheet as of december 31, year 2, amount to $74,000 and stosch paid a $28,000 dividend during year 2, then the amount of net income for year 2 was which of the following? a)$23,000 b) $35,000 c) $12,000 d)$42,000
Answers: 1
You know the right answer?
In order to add an addition on to their home, Bill and Mary borrowed $80,000 from Mary's father Jim....
Questions
question
Mathematics, 19.10.2021 05:10
question
Spanish, 19.10.2021 05:10
question
Mathematics, 19.10.2021 05:10
question
Mathematics, 19.10.2021 05:10
Questions on the website: 13722367