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

Subject: accounting

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.

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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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The proceeds of $493000 death benefit are left on deposit with an insurance company for 10 years at an annual effective interest rate of 18.04 %. The balance at the end of 10 years is paid to the beneficiary in 125 equal monthly payments of X, with the first payment made at the end of 10 month from the end of deposit. During the payout period, interest is credited at an annual effective interest rate of 12.89 %. Calculate X. Answer: 41544.44