A four-year-old truck has a present net realizable value of $6,000 and is now expected to have a market value of $1,900 after its remaining three-year life. Its operating disbursements are expected to be $740 per year. An equivalent truck can be leased for $0.35 per mile plus $25 a day for each day the truck is kept. The expected annual utilization is 2,500 miles and 30 days. The effective income tax rate is 45%, the present book value is $4,750, and the depreciation charge is $900 per year if the firm continues to own the truck. If any gains or losses on disposal of the old truck affect taxes at the full 45% rate, and theafter-tax MARR is 5%, find which alternative is better by comparing after-tax equivalent PWs

a. using only the preceding information;
b. using further information that the annual cost of having to operate without a truck is $2,000.

Presented below is a list of possible transactions. analyze the effect of the 18 transactions on the financial statement categories indicated. transactions assets liabilities owners’ equity net income 1. purchased inventory for $80,000 on account (assume perpetual system is used). 2. issued an $80,000 note payable in payment on account (see item 1 above). 3. recorded accrued interest on the note from item 2 above. 4. borrowed $100,000 from the bank by signing a 6-month, $112,000, zero-interest-bearing note. 5. recognized 4 months’ interest expense on the note from item 4 above. 6. recorded cash sales of $75,260, which includes 6% sales tax. 7. recorded wage expense of $35,000. the cash paid was $25,000; the difference was due to various amounts withheld. 8. recorded employer’s payroll taxes. 9. accrued accumulated vacation pay. 10. recorded an asset retirement obligation. 11. recorded bonuses due to employees. 12. recorded a contingent loss on a lawsuit that the company will probably lose. 13. accrued warranty expense (assume expense warranty approach). 14. paid warranty costs that were accrued in item 13 above. 15. recorded sales of product and related service-type warranties. 16. paid warranty costs under contracts from item 15 above. 17. recognized warranty revenue (see item 15 above). 18. recorded estimated liability for premium claims outstanding.

What is the state tax rate for a resident of arizona whose annual taxable income is $18,000?

Conor is 21 years old and just started working after college. he has opened a retirement account that pays 2.5% interest compounded monthly. he plans on making monthly deposits of $200. how much will he have in the account when he reaches 591 years of age?