income is $3,950. How would a bank assess Jessica's

Paula Sanchez is trying to determine her 2022 finances. Paula's actual 2021 finances were as follows: Income: Gross income Assets: $ 67,500 Interest income 450 Checking account Savings account $ 1,990 8,650 Total $ 67,950 Automobile 1,950 Personal property 14,900 Expenses: Living $ 24,500 Total Liabilities: Insurance premium 310 Taxes 15,200 600 Note to bank Net worth $ 27,490 4,700 $ 22,790 ($27,490 - $4,700) Medical Investment Total 4,400 $ 45,010 Net worth(own) = Assets - Liabilities(owe) Paula belleves her gross income will double in 2022 but her interest Income will decrease $142. She plans to reduce her 2022 living expenses by one-fifth. Paula's Insurance company wrote a letter announcing that her Insurance premiums would triple in 2022. Her accountant estimates her taxes will decrease $240 and her medical costs will increase $400. Paula also hopes to cut her Investments expenses by one-fourth. Paula's accountant projects that her savings and checking accounts will each triple in…

Review the following scenario. Use the information provided to answer questions about the taxpayers’ 2020 return.Chris (45) and Allison (46) Castillo are married, and they will file a joint return. During the year, they earned $82,500 in wages. They also had investment income consisting of: $200 interest income from a savings account with their local bank, reported on Form 1099-INT. $350 interest income from a certificate of deposit held with another local bank, reported on Form 1099-INT. $250 interest income from a U.S. Treasury note, reported on Form 1099-INT. $500 tax-exempt interest income from a municipal bond investment, reported on Form 1099-INT. $1,700 in ordinary dividends from a mutual fund investment, reported on Form 1099-DIV. They had no other income.   Question 1 What amount will Chris and Allison report for taxable interest on their Form 1040? The couple's partially completed Form 1040, page 1, is shown below. You may use the form to assist you in answering this…

June Xu is a registered nurse who earns $3,250 per month after taxes. She has been reviewing her savings strategies and current banking arrangements to determine if she should make any changes. June has a regular checking account that charges her a flat fee per month, writes an average of 18 checks a month, and carries an average balance of $795 (although it has fallen below $750 during 3 months of the past year). Her only other account is a money market deposit account with a balance of $4,250. She tries to make regular monthly deposits of $50–$100 into her money market account but has done so only about every other month. Of the many checking accounts June’s bank offers, here are the three that best suit her needs.• Regular checking, per-item plan: Service charge of $3 per month plus 35 cents per check.• Regular checking, flat-fee plan (the one June currently has): Monthly fee of $7 regardless of how many checks written. With either of these regular checking accounts, she can avoid…

Kelly found US$140 in her attic and sold it to a bank that charged her a commission of 0.35%. How much did she receive from the bank? Assume that the exchange rate was C$1 = US$0.75. Round to the nearest cent

Array intends to allocate her savings into various types of financial investments. She has $110,900 to invest in stocks, bonds, and mutual funds according to her chosen ratio 2 13 9 : 15 11 1 respectively. How much should she invest in each type of investment? Round your answers to the nearest dollar. Stocks: $ Bonds: $ Mutual Funds: $

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A bank pays an interest of 6.8% for a 6 month term deposit. Calculate the amount that Stacy must invest to earn an interest of $480.47. (Calculate to the nearest cent eg. 123.45) Answer:

Juanita has good credit and gets the lowest interest rate possible for her credit card. She has a balance of $982 on her January statement. What is her periodic rate?

Compute the debt to credit ratio for a young man name John. He currently has a $15,000 car loan, $100,000 house loan and $3,000 in credit card debt. His total avaiable credit is $ 154815. Write your answer as a decimal that is accurate to two decimal places.