1.Art del Rosario bought a Condo unit for P2,300,000 (P2.3M). He paid a downpa equivalent to 4 of the total cost of the unit. a. How much did he pay as a down payment? b. b. How much balance must he still pay?
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- 5. David agrees to be paid $7,000 to get Jake's old building up to the current Electrical Code. When the work is done, Jake pays David $4,000 and says that's all he owes. David can put a lien on Jake's building for A. $7,000. B. $3,000. C. $11,000. D. $4,000.A. What effect does the rental activity have on her AGI for the year? Plz don't copy answer B. Assuming that Alexa's AGI from other sources is $90,000, what effect does the rental activity have on Alexa's AGI? Alexa makes all decisions with respect to the property. C. Assuming that Alexa's AGI from other sources is $120,000, what effect does the rental activity have on Alexa's AGI? Alexa makes all decisions with respect to the property. D. Assume that Alexa's AGI from other sources is $200,000. This consists of $150,000 salary, $10,000 of dividends, $25,000 of long-term capital gain, and net rental income from another rental property in the amount of $15,000. What effect does the Cocoa Beach condo rental activity have on Alexa's AGI?J1. Raghu Purchased a house in 2021 to use as a rental. What is the spaces in the property if his expenses were as follows: $250,000 purchase price 30,000 which was a attributed to the land value $2500 point paid on the mortgage $250 legal fees $175 title insurance $1200 home owners insurance $1500 previously due real estate tax
- The Tomlinsons decide to sell their home for $345,000. They are charged a real estate commission of 5.5% of the selling price, title insurance that is 1% of the selling price, and an escrow fee of $800. (See Example 2 in this section.) What amount (in dollars) do the Tomlinsons receive after fees? (Enter a number.)$ What percentage of the selling price was fees? Round to the nearest tenth of a percent. (Enter a number.)Jason Searcy buys a condominium for $96,200. He makes a 5% down payment, and pays these closing costs: property survey, $315; insect inspection, $190; legal fees, $525; and title insurance, $225. a. What is the down payment amount? b. What are the total closing costs? c. What is the total cash amount needed to buy the condominium?What information is missing that is necessary for you to solve this problem? "David buys a car for $13,995. He pays $3000 down and pays off the rest of the cost of the car in equal monthly payments. How long does it take David to pay off the car?"
- Inno earns P^(180000).00 a year. If he spends (1)/(5) for food, (1)/(8) for rent, (1)/(10) for clothing, and (1)/(20) for recreation: a. How much does he spend for each? b. How much is his total expenses? c. How much does he save? d. What fractional part of his earnings is his savings?(make your own given then answer the question) 3. Ken plumbing wishes to pay off a debt of Php _______ in ____ years. What regularpayment would they need to make if it is under ____% interest compounded _______?2. How much can you deduct for AGI for the following scenarios? Provide explanation for possible partial credit. (Remember that I only ask how much For AGI deduction can you claim in each scenario, I do not ask for the calculation of AGI) • Austin is a Graduate student. His gross income for 2020 is $25k from his Research assistant job. Austin pay $18k for his tuition in 2020 from his out-of-pocket money. • Anna is a non-active, non-managing, partner in AnnaBanana LLC. Her tax basis in the partnership is $10k. Her share of loss from the partnership is $12k. • Allison contribute $4k to her traditional IRA.
- Peter was receiving rental payments of $1,300 at the end of each month from his tenants of his commercial property. What would be the value of his property in the market if he wants to sell it, assuming money earns 3.2% quarterly? N MAARTEN PROPONOSEN HERO compounded *Pengondoom POROS-ovma: ROBORADNO SUPPORTORO PODPOR 220900 Tomatogn RUMORDER enten OSTOPORUNOR DEPARARE PERDANAIII. Assume compound interest is used to solve the following problems. 1. Stanley borrowed $4500.00 from his credit union to do some home renovations. The loan has an annual interest rate of 5.75% and an amortization period of 3 years. a. What is Stanley's monthly payment? b. Calculate the total amount he will pay over 3 years. G Calculate the finance charge on the loan. 2. Adele wants to buy a used car that costs $2900.00. She has $1100.00 saved up for a down payment. a. How much will Adele have to borrow to buy the car? b. She can get a loan at 6.50% per annum with an amortization period of 2 years. What will be her monthly payment? c. What will be the total she pays for the loan? d. How much will the car cost? 3. Calculate the monthly payment, the total amount paid, and the finance charge for the following loans: a $2000.00 at 8.00% per annum for 3 years; b. $10 000.00 at 6.25% per annum for 5 years; and c. $1500.00 at 3.75% per annum for 2 years. 4. Harley used her credit card to…Pikotaro's annual rental fee for his condominium unit is P180,000. On November 30, 2021, He paid 3 months' worth of rent in advance. 4. How much cash did Pikotaro pay on November 30, 2021? 5. What is the effect of the transaction on Pikotaro's assets? (Enclose answer with a parenthesis if it decreased) 6. Come December 31, 2021, how much rent expense did Pikotaro record? Psy purchased supplies worth P1,200,000. Psy made a down payment worth 27.5% of the total price. 7. What is the effect of the transaction on Psy's assets? (Enclose answer with a parenthesis if it decreased) 8. What is the effect of the transaction on Psy's liabilities? (Enclose answer with a parenthesis if it decreased)