Construction Management
5th Edition
ISBN: 9781119256809
Author: Daniel W. Halpin, Bolivar A. Senior, Gunnar Lucko
Publisher: WILEY
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Chapter 6, Problem 4RQE
To determine
Find the average tax rate paid by a single person.
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- For having been loyal, trustworthy, and efficient, the company has offered a superior yearly gratuity pay of P20,000 for 10 years with the first payment to be made one year after his retirement. The supervisor, instead, requested that he be paid a lump sum, on the date of his retirement, having less interest that the company would have earned if the gratuity is to be paid in yearly basis. If interest is 15%, what is the equivalent lump sum that he could get?arrow_forwardMaria has a bank loan for $23,500 to pay for her new truck. This loan is to be repaid in equal end month installments for seven years with a nominal interest rate of 12% compounded monthly. What is the amount of each payment? Find Aarrow_forward•1 You are planning to build a new home with approximately 2,000–2,500 gross square feet of living space on one floor. In addition, you are planning an attached two-car garage (with storage space) of approximately 450 gross square feet. Develop a cost and revenue structure for designing and constructing, operating (occupying) for 10 years, and then selling the home at the end of the 10th year. 176arrow_forward
- How much is the interest and the accumulated amount that will be paid on a P 35,750 loan that was made on May 1, 2002 and repaid on August 1, 2005 with exact simple interest at 6.34% per year.arrow_forwardJake borrowed P750, 000 from a credit union to purchase a used car. The interest rate on the loan is 0.25% per month and he will make a total of 36 monthly payments. What is his monthly payment?arrow_forward3. On January 1 of 2017, your company purchased the following equipment. How much will you depreciate for the fiscal year ending in 2020 when you have your CPA (certified public accountant) file your tax return on April 15, 2021 assuming a straight-line depreciation method? How much will you have depreciated total as of this point in time? What are the remaining book values for each piece of equipment? 1. Dump truck, 1,000,000 birr expected resale value of 200,000 birr 2. Backhoe, 2,800,000 birr, resale 400,000 birr 3. Five computers, 10,000 birr each, no resale value 4. Flatbed trailer, 750,000 birr, resale $100,000 birr 5. Five pickup trucks, 300,000 birr each, 20,500 birr resale value each 6. Two construction jobsite trailers, 200,000 birr each, 50,000 birr resale value eacharrow_forward
- You pay $18,000 for new equipment plus you pay $2,000 to install it, which is added to the cost basis. Each year for five years, you earned $5,000 from the use of this equipment from which you then needed to subtract $1,000 in expenses. (a) Using straight-line depreciation over a 5-year lifetime (with a half-year adjustment in years 1 and 6) and a tax rate of 28%, what was your after-tax cash flow (ATCF) from this investment in year 3? (b) Using the GDS depreciation schedule for a 5-year recovery period, what was your ATCF in year 3? GDS depreciation schedule for a 5-year recovery period year = 123 4 5 6 factor = 0.20 0.32 0.192 0.1152 0.1152 0.0576 (c) What is the present worth at time 0 of this investment using a MARR of 8%?arrow_forwardAn owner is considering upgrading the siding on her house. Package A costs $50,000 and is expected to save $7,000 annually in heating and cooling. Package B costs $70,000, and the expected annual savings is $9,000. Which package should be chosen if the discount rate is 9% over a 20-year period?arrow_forward44. What amount of money is equivalent to receiving $8000 three years from today, if the interest rate is 8% per year, compounded semiannually?arrow_forward
- $20,000.00 borrowed today for 2 years at 5% Compound Interest will result in how much total interest (I) at the end of Year 2? a) $2000.00 b) $2050.00 c) $20,000.00 d) $22,000.00arrow_forwardA factory operator bought a diesel generator set of 10,000 and agreed to pay the dealer uniform sum at the end of each year for 5 years at 8% interest compounded annually, that the final payment will cancel the dept for principal and interest. What is the annual payment?arrow_forwardFor having been loyal, trustworthy and efficient, the company has offered a superior a yearly gratuity pay of P 20,000.00 for 10 years with the first payment to be made one year after his retirement. The supervisor, instead, requested that he be paid a lump sum on the date of his retirement less interest that the company would have earned if the gratuity is to be paid on yearly basis. If interest is 15%, what is he equivalent lump sum that he could get?arrow_forward
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