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Suppose a resident with yearly income of $40,000.00. The Medicare Levy will be $600.00 and the taxes will be $5,550.00/year or $106.73/week. His/her net salary per year will be $33,850.00 or $650.96 per week. Suppose the user needs $628.71 per week as living expenditure. So it is possible to invest $22.25 per week. Suppose the interest is 13% per year (or 1% each 4 weeks, since we have 52 weeks per year) and the number of weeks the user will invest the money is 18. Assuming the user asks to invest $22.25 per week, then the investment account output will be:
Weeks
Money in the end of each 4 weeks
4
$89.89 = 22.25*4*1.01
8
$180.68 = (89.89+22.25*4)*1.01
12
$272.38 = (180.68+22.25*4)*1.01
16
$364.99 = (272.38+22.25*4)*1.01
18
$409.49 = (364.99 + 22.25*2) (note that is less than 4 weeks, so the interest is not applied
Erica is a citizen of a foreign country, and is employed by a foreign-based computer manufacturer. Erica's job is to provide technical assistance to customers who purchase the comp
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"Alfred E. Old and Beulah A. Crane, each age 42, married on September 7, 2010. Alfred and Beulah will file a joint return for 2011. Alfred''''s Social Security number is 111-11-111
can you help with tax research assignment
Jenny is 35 years of age, single and is a professional hairdresser. She was born in Australia, however she often travels overseas for extended periods for work purposes. Jenny r
a. What are the short-term and long-term market reactions after an IPO? What are the potential reasons for these returns? b. How do you explain the lack of IPO activity in the U
Rubric Item #12(b) -- Margaret''s Own Interest in Father''s Trust
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