Shelly's assets include checking & savings acct, stocks, household property, coin collection. Shelly calculates that her total assets are $165,200. Her current unpaid bills include auto loan, credit balance, taxes, total $21,300. Calculate her net worth.

23. Andy Eichel deposits the money he made at his garage sale into his savings account. He has 47 twenty-dollar bils, 51 ten-dollar bills, 25 five-dollar bills, and 36 one-dollar bills. What is his total deposit?* O $1,310 O $1,611 O $1,711 O $1,811 24. Francois DuFresne deposits $350.00 in a savings account. The account pays an annual interest rate of 4%. He makes no other deposits or withdrawals. After d How murh simple interest did bis mooL.cA

Sandy just received her annual bank statement. Exactly one year ago, she deposited $10,000 in a savings account. Today, her balance is $10,509.45. Sandy's savings account interest is compounded quarterly. Using simple interest as a guideline, Sandy received an annualized interest rate of_percent. a. 5, b. 5.5, c. 6, d. 6.5

Bao and Mary Jane Lee have a yearly income of ​$93 comma 84293,842 and own a house worth ​$127 comma 900127,900​, two cars worth a total of $ 28 comma 195$28,195 and furniture worth ​$14 comma 08514,085. The house has a mortgage of ​$85 comma 67785,677 and they have a car loan with an outstanding balance of ​$5 comma 8225,822. Utility​ bills, totaling ​$181181 for this​ month, have not been paid. Calculate their net​ worth, and explain what it means.

Morgan won $2,315 at a work raffle.  They deposited $1898.30 into their savings account.  What percent of their winnings did they deposit into their savings account?

Jamie earned $14 in interest on her savings account last year. She has decided to leave the $14 in her account so that she can earn interest on the $14 this year The interest earned on last year's interest earnings is called: Multiple Choice simple interest. complex interest. accrued interest interest on interest. discounted interest

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…

Dorothie paid the following amounts during the current year: Interest on her home mortgage (pre-12/16/17) $9,250 Service charges on her checking account 48 Credit card interest 168 Auto loan interest 675 Interest from a home equity line of credit (HELOC) 2,300 Interest from a loan used to purchase stock 1,600 Credit investigation fee for loan 75 Dorothie's residence has a fair market value of $250,000. The mortgage is secured by the home at the time of purchase and has a balance of $180,000. Dorothie used the same home to secure her HELOC with a balance of $50,000. Dorothie used the proceeds of her HELOC to pay for college and to buy a new car. Dorothie has $1,000 of net investment income. Compute Dorothie's interest deduction in the following scenarios: a. Calculate Dorothie's interest deduction (on Schedule A) for 2021. b. Same as part a, and Dorothie used the HELOC proceeds to add a new bedroom to her home. c. Same as part a, but Dorothie's home is valued at $1,200,000 and her…

James and Mary Garfield invested $5,000 in a savings account paying 4% annual interest when their daughter, Patricia, was born. They also deposited $1,000 on each of her birthdays until she was 14 (including her 14th birthday). Click here to view the factor table. How much was in the savings account on her 14th birthday (after the last deposit)? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 2 decimal places, e.g. 25.25.) Amount on 14th birthday $