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BUSN 380 DEVRY WEEK 2 PROBLEM SET 2

BUSN 380 DEVRY WEEK 2 PROBLEM SET

BUSN 380 DEVRY WEEK 2 PROBLEM SET 2 Downloading is very simple, you can download this Course here: http://mindsblow.us/question_des/BUSN380DeVryWeek2ProblemSet2/4485 Or Contact us at: help@mindblows.us BUSN 380 DeVry Week 2 Problem Set 2 BUSN380 BUSN 380 DeVry Week 2 Problem Set 2 Problem Set 2 1. Thomas Franklin arrived at the following tax information: Gross salary, $46,660 Interest earnings, $225 Dividend income, $80 One personal exemption, $3,400 Itemized deductions, $7,820 Adjustments to income, $1,150 What amount would Thomas report as taxable income? 2. What would be the net annual cost of the following checking account? Monthly fee, $3.75; processing fee, 25 cents per check; checks written, an average of 22 a month. 3. What would be the average tax rate for a person who paid taxes of $4,864.14 on a taxable income of $39,870? 4. A payday loan company charges 4 percent interest for a two-week period. What would be the annual interest rate from that company? 5. What is the annual opportunity cost of a checking account that requires a $350 minimum balance to avoid service charges? Assume an interest rate of 6.5 percent.

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