Answered: Calculate the Medicare Levy payable for…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Similar questions

The National Research Council is considering the establishment of a perpetuity to fund faculty positions at a local university. The ongoing cost will be $9500 at the end of each month. If the money can earn 6.3% compounded monthly in perpetuity, what amount to be invested now is required to fund the perpetuity? Select one: a. $301,587 b. $1,819,024 c. $160,294 d. $612,675 e. $1,809,524
Determine the value of the perpetuity annual amount $20,000 discount rate 8%
If $650 000 is saved for retirement, what rate of interest, compounded monthly, will provide payments of $3750 every month for the next 25 years? Select one: O a. 14.606797% O b. 0.811327% O c. 4.888702% O d. 4.867963%
Compute the present value of a $1,000 perpetuity discounted back to the present at 8 percent.
Subject: accounting
For a special fully discrete 3-year term insurance on (45), whose mor- tality follows a double decrement model: (i) Decrement 1 is accidental death; decrement 2 is all other causes of death. (ii) 45 2500 4 10 46 2486 15 47 2466 20 (ii) i = 0.06 (iv) The death benefit is 200,000 for accidental deaths and 100,000 for all other causes. Calculate the annual net premium (paid at the beginning of each year) and the net premium reserve at the end of year 1 and 2.
K (Compound annuity) What is the accumulated sum of each of the following streams of payments? a. $500 a year for 8 years compounded annually at 10 percent. b. $104 a year for 7 years compounded annually at 9 percent. c. $32 a year for 12 years compounded annually at 11percent. d. $21 a year for 6 years compounded annually at 6 percent.
Help
Yarianny wants to withdraw $25199 annually starting today for the next 20 years and will increase the withdrawals by 3.5% each year. If the annuity can earn 6% compounded semi-annually, how much money needs to be invested in the fund today? Select the closest answer choice. Select one: Oa. $402571.57 Ob. $427770.57 O c. $478168.57 d. $452969.57 Check
24. Seth's LTCI policy will pay him a daily benefit of $150 and a lifetime maximum based on five years. What is the pool of money under this policy? (Search Chapter 6) a. $182,500 ob. $295,000 OC. $250,700 Od. $273,750
6. When Alice and Mark's first child was one month old, and at the end of every month thereafter, they invested S80 in a Registered Education Savings Plan (RESP) that paid 6% per year, compounded monthly. Determine the amount in the RESP on the child's 18th birthday. a. $23 114.70 b. $19 177.92 c. $30 988.26 d. $27 051.48
Answer is B

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Calculate the Medicare Levy payable for an individual resident earning $50,000 per annum. Select one: A.Nil B.$1,000 C.$7,797 D.$2,000