In October, Jeremy spent $390 on food which was 1/3 of his salary. He gave his parents 4/9 of his salary. He spent half of the remaining money on transport and saved the other half. How much money did he save?
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- Jack paid $5,000 in daycare expenses for his five-year-old daughter so he could work. His AGI for the year was $37,500 (all earned income). What is the amount of his child and dependent care credit? Show your working!!Nicole went to London on business. While there, she spent 60% of the time on business and 40% on vacation. How much of the air fare of $5,000 can she deduct based on the following assumptions: a. Nicole was gone five days (i.e., three business and two personal). b. Nicole was gone five weeks (i.e., three business and two personal).molly has a part time job that pays her a gross income of $135 each week. Her withholding each week is $59.50. She also baby sits. Her saving strategy is to deposit 20 Percent of what she takes home. This week she earned $35 from two baby sitting jobs. How much should she deposit?
- Fred, a self-employed taxpayer, travels from Denver to Miami primarily on business. He spends five days conducting business and two days sightseeing. His expenses are 400 (airfare), 150 per day (meals), and 300 per night (lodging). What are Freds deductible expenses?Remy works at a small shop and earns $15.293 a year. She enrolled and was accepted in a university. To focus on her schoolwork, she quit her job. Her annual expenses during her undergraduate education are $12,718 for tuition, $1,118 for books, and $5,644 for food. She spends the same on food as before she went to college. Assuming that the given values are in constant dollars, what is her real opportunity cost of attending college for 3 years? Round your answer to the nearest two decimal place and remove the dollar sign.Beau is saving up for a new bike. He already has $20 and his parents gave him an additional $4. He also earned $8 from doing chores around the house. He plans to save 3/4 of his weekly allowance, which is represented by the expression 3/4 x. After adding all of his savings together, he realized he has $50. How much is Beau's weekly allowance?
- Santos has a poultry farm in General Santos City. Every week, he earns 593,840 for chicen and 726,195 or eggs. Of thee earnings, he is able to save 359 a month, and the rest of his earnings is used as revolving fund. How much is his total sales a week? How much does he earn in all for 4 weeks?Martha and Jean are married and have 4-year old twins. Jean is going to school full-time for 9 months of the year, and Martha earns $45,000. The twins are in day care so Jean can go to school while Martha is at work. The cost of daycare is $10,000. What is their child and dependent care credit? Please explian calculations.Harri spent $250 at the supermarket. This was seventy-seven dollars lessthan three times what he spent at Mountain Warehouse; how much did he spend there?
- Fucky brought some money out for shopping to prepare for his backpack travelling this December. He spent 3/7 of his money on a backpack and 2/3 of the remaining amount of money on 3 identical purification bottles. He spent the rest of his money on 3 travel first aid kits. The cost of a purification bottle is $14.80 more than the cost of each first aid kit. How much money did Fucky spend on the backpack and purification bottles altogether?Angela's monthly disposable income is $1,749. She has monthly expenses of $1,548 (including recreational expenses of $219) and net cash flow of $201 per month. Angela analyzes her personal budget and decides that she can reduce her recreational spending by $48 per month. If Angela is saving $249 per month, what is her savings rate (i.e., savings as a percentage of disposable income)? Angela's savings rate is ___%. (Round to two decimal places.)Shanice owns a food delivery business. She picks up meals from restaurants and delivers them to his clients' homes. One year Shanice's revenue is $25,000 and her costs (such as gas and maintenance on her car) is $10,000. If Shanice did not run this business, she could get a job at a grocery store and make $15,000 that year. Which of the following statements is true? Shanice's accounting profit is $15,000. Shanice's economic profit is $0. Shanice's accounting profit is $10,000. Shanice's economic profit is $20,000. Shanice's accounting profit is $0. Shanice's economic profit is $15,000. OShanice's accounting profit is $20,000. Shanice's economic profit is $10,000.
