The earned income tax credit:

Select one:

a. all of the above.

b. has increased in recent years.

c. is available to low-income eligible working people.

d. is refundable.

Which tax brings in the greatest share of federal government tax revenue?

Select one:

a. tariffs

b. federal excise taxes

c. federal personal income tax

d. social security tax

Which of the following is a tool of expansionary fiscal policy?

Select one:

a. increased taxes.

b. increased government purchases of goods and services.

c. reduced transfers.

d. reduced regulations.

Which type of inflation can result from wage rates that cause production cost increases?

Select one:

a. none of the above.

b. profit-push inflation.

c. cost-push inflation.

d. demand-pull inflation.

Which of the following is true? Economic conservatives believe that the marketplace:

Select one:

a. is efficient.

b. provides incentives.

c. encourages economic growth.

d. all of the above.

Jon and Sara have two dependent ( age 5 and 6 ) Jon earned 40999 in 2017. they had no other income . Sara did not work but was a full time student for 9 months . they paid 4600 in qualifying child care expense for 2 kids during the time Jon worked and Sara at school. What is the correct amount of child and dependent care expense?

473

966

990

1012

2. in July 2017 Elias purchased a new computer system for his business for 3800 . What is the depreciation for the first year, if he opts out of special depreciation ?

380

760

1900

2280

The status of a project after 100 days and after 150 days is as follows. (EV-Earned Value, PV-Planned Value, AC-Actual Cost in Rs). Determine the time and cost overruns and underruns of:

1. The project
2. Of each activity after 100 days and after 150 days.

Show all calculations.

1. If $600 is invested at 8% for three years compounded monthly, what interest is earned?

2..If you borrow $7500 for six months at 4% simple interest, how much money must you repay at the end of six months?

3..a.         Find the future value of $4500 invested at 3.5% compounded continuously for five years.

b.         Find the compound interest.

4. Suppose you invest $350 each month in an ordinary annuity which pays 6.2% compounded monthly. What is the future value of this annuity after ten years?

5. How much must be put aside each month if in 15 years you want to have $32,000 and if money is worth 3.75% compounded monthly?

6. a. Carl buys a $365,000 condominium with no down payment and payments due at the end of the month for 30 years. If the interest rate is 4.5%, compounded monthly, what will be the size of the monthly payment?

b.         How much of the first payment went to interest?

7.         Explain what effective annual rate or annual percentage yield means.

8.         A young couple wants to save $75,000 over the next 18 years so their child can attend MCCC. To reach this goal, how much money will they have to deposit at the end of each quarter into an account that earns interest at an annual rate of 6.3%?

Use Excel to find the answer

16. Dean has earned $74,750 annually for the past six years working as an architect for WCC Inc. Under WCC's defined benefit plan (which uses a 7-year graded vesting schedule) employees earn a benefit equal to 4.0% of the average of their three highest annual salaries for every full year of service with WCC. Dean has worked for six full years for WCC and his vesting percentage is 80%. What is Dean's vested benefit (or annual retirement benefit he has earned so far)?

MULTIPLE CHOICE

$17,940

$59,800

$14,352

$0

17. Jessica retired at age 65. On the date of her retirement, the balance in her traditional IRA was $218,000. Over the years, Jessica had made $21,800 of nondeductible contributions and $69,000 of deductible contributions to the account. If Jessica receives a $68,000 distribution from the IRA on the date of retirement, what amount of the distribution is taxable?

MULTIPLE CHOICE

$0

$6,800

$51,000

$61,200

68,000

18. Daniela retired at the age of 65. The current balance in her Roth IRA is $200,000. Daniela established the Roth IRA 10 years ago. Through a rollover and annual contributions Daniela has contributed $85,000 to her account. If Daniela receives a $55,000 distribution from the Roth IRA, what amount of the distribution is taxable?

MULTIPLE CHOICE

$0

$23,375

$31,625

$55,000

Listed below are the commissions earned ($000) last year by a sample of 15 sales representatives at Furniture Patch Inc. $ 4.2 $ 6.0 $ 8.0 $ 11.3 $ 12.5 $ 13.6 $ 14.6 $ 16.4 $ 17.1 $ 17.4 $ 18.2 $ 22.3 $ 36.8 $ 43.2 $ 78.8

Determine the mean, median, and the standard deviation. (Round your answers to 2 decimal places.)

Determine the coefficient of skewness using Pearson’s method. (Round your answer to 3 decimal places.)

Determine the coefficient of skewness using the software method. (Round your answer to 3 decimal places.)