Home equity line interest. Sean and Amy Anderson have a home with an appraised value of $180,000 and a mortgage balance of only $90,000. Given that an S&L is willing to lend money at a loan-to-value ratio of 75 percent, how big a home equity credit line can Sean and Amy obtain? How much, if any, of this line would qualify as tax-deductible interest if their house originally cost $100,000?

Answers

Answer 1

Answer:

$135,000

$75,000

Explanation:

Home value = $180,000

Loan to Value ratio = 75%

Formula: Maximum loan amount = Home value x loan to value ratio

Maximum loan amount = $180,000 x 75%

Maximum loan amount = $135,000

If the value of house is $100,000 then,

$100,000 x 75% = $75,000

$75,000 would qualify as Tax deductible interest


Related Questions

Combining Supply and Demand
Scenario: The following shows a demand and supply schedule listing CDs demanded and supplied in the
millions) per week at each price. Graph each the following demand/supply schedules on one demand graph
and then answer the questions below:.
$6
Shortage/
Surplus
(Qs - Qd)
$5
$4
Price Per Quantity Quantity
Compact Demanded Supplied
Disc (Qd) (Qs)
$6
o
9
$5
2
6
$4
3
5
$3
4
4
$2
6
3
$1
9
0
$3
$2
$1
1
2 3 4 5 6 7 8
9 10 11 12 13 14

Answers

Answer:

the answer is $3

Explanation:

Why float signed out at the beging of cashier shift and signed in the end of the shift

Answers

most likely to fraud the company by pocketing cash although most registers cant be used until an employee logs into it

If the complement of a probability p'(x) = 0.25, what is the probability

Answers

The answer is 0.75.

When taking the compliment, remember it is always of the form :

1 - p'(x) or 1 - p(x)

Hence,

1 - 0.250.75

Which part of the result block should you evaluate to determine the Needs Met rating for that result?
True False
You always need to evaluate both the block and the landing page.
True
False
For a Special Content Result Block, you only need to evaluate the content inside the block and nothing else.
O True
False
For a Web Search Result Block, in most cases you should evaluate just the content inside the block.
O True
False
For a Special Content Result Block, evaluate the content inside the block. You may also need to evaluate the landing page as well in some cases.

Answers

You always need to evaluate both the block and the landing page. It is False

For a Special Content Result Block, you only need to evaluate the content inside the block and nothing else. It is True

For a Web Search Result Block, in most cases you should evaluate just the content inside the block. It is True

For a Special Content Result Block, evaluate the content inside the block. You may also need to evaluate the landing page as well in some cases. It is True

How to Know if the Needs met for the result

The answer is False because while it is important to evaluate both the block and the landing page in some cases, it is not always necessary to do so, depending on the type of search result and the specific evaluation criteria being used.

For a Special Content Result Block, there is always need to evaluate both the content inside the block and the landing page to know the Needs Met rating for that result, depending on the specific evaluation criteria being used.

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A holiday sales flyer advertised a video game system for a significantly reduced price and
video game with purchase. Later that day, the sales associate told you that the store is out of
both items. Instead, you were offered a different system and games at full retail prices. What is this type of fraud called?

Answers

Answer: Bait and switch

Explanation:

The type of fraud here is referred to as the bait and switch fraud. This fraud occurs when customers are told about the low prices and quality of a product but aren't available when customers want to purchase such products and they're then given products that are costlier or products that are of lesser quality.

This can be seen in the question when the sales associate advertised the video game system for a reduced price which wasn't available when customers wanted to buy but were offered a game that was costlier.

Which characteristic is not reflective of a successful entrepreneur?
a.) Self-conscious
b.) Self-determination
c.) Innovative
d.) Creative

Answers

Answer:

a.) Self-conscious

Explanation:

All of the following are correct statements about transfers between divisions located in countries with different tax rates except that

A. differences in tax rates across countries complicate the determination of the appro-priate transfer price
B. a decreasing number of transfers are between divisions located in different countries
C. companies must pay income tax in the country where income is generated
D. many companies prefer to report more income in countries with low tax rates.

Answers

I think it’s A .................

All of the following are correct statements about transfers between divisions located in countries with different tax rates except that the companies must pay income tax in the country where income is generated. Thus option (C) is correct.

What is tax?

Taxes are mandatory contributions levied on individuals or corporations by a government entity—whether local, regional, or national.

Tax revenues finance government activities, including public works and services such as roads and schools, or programs such as Social Security and Medicare.

In economics, taxes fall on whoever pays the burden of the tax, whether this is the entity being taxed, such as a business, or the end consumers of the business’s goods.

From an accounting perspective, there are various taxes to consider, including payroll taxes, federal and state income taxes, and sales taxes.

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Name the type and number of directors in spar and shoprite and what their responsibilities are/should be

Answers

The organizations such as spar and shoprite would have different types of directors. These directors are:

Executive Directors:Non-Executive Directors

The responsibility of directors

The number of directors can vary widely depending on the specific company and its needs. However, it's common for large public companies to have somewhere between 7 and 15 directors, but the number can be larger or smaller.

Duty of Care: Directors must make decisions with due diligence and care, using their best judgement.

Duty of Loyalty: Directors must act in the best interests of the company and its shareholders, not for their personal gain.

Strategic Oversight: Directors approve the company's strategic plans and monitor their implementation.

Financial Oversight: Directors monitor the company's financial health and ensure the accuracy of financial reporting.

Risk Management: Directors are responsible for understanding and monitoring the major risks facing the company.

Governance: Directors establish the company's governance structures and practices, and they select, evaluate, and if necessary replace the CEO.

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A chart of accounts lists the accounts and balances at a specific time.
True
False

Answers

A chart of accounts lists the accounts and balances at a specific time is the true statement, as it a digestible breakdown of all transactions.

What is  a chart of accounts?

chart of accounts is a list of all the accounting records in a company's general ledger. In a nutshell, it's an organizational tool that breaks down all of a company's financial transactions into subcategories and presents them in an easily understandable format.

Thus, it is a true statement.

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what is organizational behavior in a organization​

Answers

Answer:

Organizational behavior is the academic study of how people act inside of groups. Its principles are applied primarily in attempts to make businesses work more efficiently

Answer:

the academic study of how people act within groups

Explanation:

Tyrone and Akira, who are married, incurred and paid the following amounts of interest during 2019:
Home acquisition debt interest $ 15,000
Credit card interest 5,000
Home equity loan interest (used for home improvement) 6,500
Investment interest expense 10,000
Required: With 2019 net investment income of $2,000, calculate the amount of their allowable deduction for investment interest expense and their total deduction for allowable interest. Home acquisition principal, and the home equity loan principal combined are less than $750,000.

Answers

Answer:

The Investment Interest (limited to Investment income) = $2,000

Allowance deduction for Interest

Investment interest                        $2,000

Home acquisition debt interest    $15,000

Home equity loan interest             $6,500

                                                        $23,500 - Before phase out limits

The annual dividend rates for a random sample of 16 companies in three different industries, utilities, banking, and insurance, were recorded. The ANOVA comparing the mean annual dividend rate among three industries rejected the null hypothesis that the dividend rates were equal. The mean square error (MSE) was 3.36. The following table summarized the results:

Utilities Banking Insurance
Number Sampled 5 5 6
Mean Annual Dividend Rate 11.62 15.4 17.4
Based on the comparison between the mean annual dividend rate for companies in utilities and banking, the 95% confidence interval shows an interval of 1.28 to 6.28 for the difference. This result indicates that _______.

Multiple Choice

A. the annual dividend rate in the utilities industry is significantly less than the annual dividend rate in the banking industry

B. the annual dividend rate in the banking industry is significantly less than the annual dividend rate in the utilities industry

C. there is no significant difference between the two rates

D. the interval contains a difference of 5.00

Answers

Based on the information given, the results show that A.The annual dividend rate in the utility industry is significantly less than the annual dividend rate in the banking industry.

A dividend rate simply means a financial ratio that is important as it shows how much a company pays out in dividends every year relative to the stock price of the company.

In this case,  the 95% confidence interval shows an interval of 1.28 to 6.28 for the difference. This implies that the annual dividend rate in the utilities industry is significantly less than the annual dividend rate in the banking industry.

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develop a research instrument that can be used to assess customers buying behaviour for any product of your choice

Answers

Expand a research instrument that may be used to evaluate clients' shopping for conduct for any made from your desire Neuromarketing research.

Neuromarketing research is the studies place that research neurological responses in terms of positive stimuli, which include an advert or commercial. scientific strategies and insights of neuroscience are used to expose consumer selection-making techniques.

One of the most infamous examples is Coca-Cola's ubiquitous use of the color purple, however, there are numerous more corporations who have extensively utilized coloration to terrific impact. Neuromarketing professionals focusing on coloration and advertising and marketing have divided colorings into subgroups as a manual for how they may be used efficaciously.

Neuromarketing” loosely refers to the dimension of physiological and neural indicators to gain insight into customers' motivations, options, and choices, that could help inform innovative advertising, product development, pricing, and other advertising and marketing areas.

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Nick has set up his steel factory near a community lake. The waste from his factory is directly thrown in the lake and is causing the death of the fishes in the lake. This is an example of a negative .

Answers

feedback loop or feedback system

In a traditional economy, which group is most responsible for producing the goods people in society need?
A. private business
B. Family members
C. International corporations
D. Government agencies

Answers

Answer:

B. Family members

Explanation:

A traditional economy is based upon the customs, beliefs, and history of the community. Age-old traditions and beliefs guide economic decisions of production and distribution. The traditional economy is motivated by the social well being of its members and not by profits.

The main economic activities under the traditional economy revolves are subsistence farming, fishing, and hunting. These activities are carried out in family settings. In other words, family members provide labor for economic activities.

The answer is Family Members for A P E X

Do you think the psychologist/consultant is involved in any unethical or illegal behaviors? If you cannot decide, what additional information would you like to know in order to assess the situation? If you were the psychologist and found out what the company did to the video, what would you do?

Answers

Answer:

ok look what i think is all people have something that they need to do but if it has to be under the table then yea but what video are you talking about  

Explanation:

Hart corporation owns machinery with a book value of 285,000. It is estimated that the machinery will generate future cash flows of 300,000. The machinery has a fair value of 210,000. Hart should recognize a loss on impairment of:___________
a) 0
b) 15,000
c) 75,000
d) 90,000

Answers

Answer- 0
The correct answer is a. 0.

This is because the loss on impairment is calculated by subtracting the recoverable value from the carrying value, and is recorded only if carrying value is higher than recoverable value.

Hope this helps....

I
The constant growth formula is a good tool to use to value companies in the
industry.
O technology
2000
о
pharmaceutical
utility
I DON'T KNOW YET

Answers

The constant growth formula is typically applied more commonly in the utility industry.

The constant growth formula, also known as the Gordon Growth Model, is commonly used to value companies in industries with stable and predictable dividend growth rates. It assumes that the company's dividends or earnings will grow at a constant rate indefinitely. However, it may not be the most suitable tool for valuing companies in every industry.

The constant growth formula can be a useful tool for valuing companies in certain industries like utilities, but it may not be the most appropriate choice for valuing companies in the technology or pharmaceutical sectors.

Utility companies often exhibit stable and predictable cash flows, making them suitable candidates for valuation using the constant growth model.

Therefore, the correct option is utility.

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You just won the lottery, which promises you $440,000 per year for the next 20 years. You receive the first payment today (hint: annuity due). If your discount rate is 9.00%, what is the present value of your winnings?

Answers

Answer:

You sell the money for more

Explanation:

In distinguishing between firm strategies for developing new products, a pioneer firm will be more likely to rely on its______, whereas a follower firm will be more likely to ______ for ideas.
R&D department; scan the market

Answers

In distinguishing between firm strategies for developing new products, a pioneer firm will be more likely to rely on its R&D department, whereas a follower firm will be more likely to scan the market for ideas.

A pioneer firm is the first to enter a new market or develop a new product. Such firms tend to invest heavily in R&D to create new technologies and processes that can be used to develop innovative products. As such, pioneer firms are more likely to rely on their internal R&D for ideas when developing new products.

On the other hand, a follower firm enters a market after the pioneer firm has established it. Follower firms tend to be less innovative than pioneer firms and are more likely to look to the market for ideas, such as by imitating the products of the pioneer firm or by identifying gaps in the market that the pioneer firm has not yet filled. This strategy allows follower firms to minimize the risks and costs associated with innovation, while still capitalizing on market demand for new products.

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How Credit Works
Quiz Active
23
Interest rates on credit cards
O can be paid annually.
change with the balance.
decrease with early payment.
can vary widely.

Answers

Credit refers to the borrowing of money with an understanding of paying it back at a later date with interest. Interest rates on credit cards can vary widely. It’s important to shop around and find a credit card that has a low interest rate and favorable terms. The correct option is d.

It’s a way to finance goods and services when you don’t have the money upfront.  Credit scores are a way for financial institutions to assess how likely it is that someone will pay back their debts. It’s an important factor in getting approved for loans and credit cards. Interest rates on credit cards can vary widely. Some people may qualify for a lower interest rate if they have a high credit score or a history of paying their debts on time.

Others may receive higher interest rates if they have a low credit score or have defaulted on payments in the past.The interest rate on a credit card can be paid annually. This means that the interest is calculated at the end of the year and added to the balance owed.

Interest rates can decrease with early payment. If you pay off your credit card balance early, you may be able to avoid some of the interest charges. It’s important to read the terms and conditions of your credit card to see if this is an option.Finally, it’s important to note that interest rates on credit cards can vary widely. It’s important to shop around and find a credit card that has a low interest rate and favorable terms. The correct option is d.

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what attributes are in a good landing experience

Answers

Answer:

Relevant and original content, Easy to navigate, Transparent about the client's business are the attributes that describe a good landing page experience. A good landing page experience means that users can quickly find the necessary information, and the provided materials are useful.

Explanation:

Answer the following questions on the basis of the monopolist's situation is illustrated in the following graph.

a. At what output rate and price does the monopolist operate?
b. In the equilibrium, approximately what is the firm's total cost and total revenue?
c. What is the firm's economic profit or loss in equilibrium?

Answer the following questions on the basis of the monopolist's situation is illustrated in the following

Answers

The following answers are based on a monopoly economy.

The output rate and the price at which the monopolist operates based on the graph is 100 quantities at $10.In the market equilibrium, the firm's total cost and total revenues are $750 and $1000 respectively. The firm's economic profit in the equilibrium is $250.

What is a monopoly?

A monopoly, as defined by Irving Fisher, is a market with "no competition," resulting in a scenario in which a certain individual or organization is the exclusive supplier of a given product.

To arrive at answer a, we need to recall that the equilibrium of a monopolist is when the Marginal Cost equals the Marginal Revenue and the Marginal Cost Curve (MC) cuts the Marginal Revenue Curve (MR ) from below.

At this point, the equilibrium output is 100, and the equilibrium price is $ 10 for every unit of production.

For the answer is b, given that the firm is producing 100 units of goods at an average total cost of $7.5 (derived from the point that aligns with MR = MC), therefore,

Total Cost   = Equilibrium Output * ATC (Average Total Cost)

= 7.5 * 100

= $750

To arrive at answer c,
Recall that Economic profit is the difference between the money collected from the sale of a product and the expenses of all inputs utilized, as well as any opportunity costs, is the economic profit or loss.

Hence, Economic Profit = Total Revenue (TR) Less Total Cost (TC)

= $1000 - $ 750

= $250

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to what extent should the government be involved in creating and enforcing safety laws. What extent should companies be responsible for creating their own standards and self-policing those standards?

Answers

to what extent should the government be involved in creating and enforcing safety laws. What extent should companies be responsible for creating their own standards and self-policing those standards?

Joshua borrowed $1,000 for one year and paid $100 in interest the bank charged him a service charge of $10 what is the finance charge on this loan

Answers

Answer:

1000-100-10 = 890 dollars left

He needs 110 dollars to pay the money he borrowed back.

Explanation:

hope this helps

$890  is the finance charge on this loan. As Joshua borrowed $1,000 for one year and paid $100 in interest the bank charged him a service charge of $10.

What is meant by finance charge?

The financing charge is the cost of consumer credit stated in monetary terms. It covers any charges made by the lender as a condition or event of extending credit that are paid directly or indirectly by the client.

A finance charge is the total cost of borrowing money, including interest and other costs. It could be a percentage of the loan balance or a fixed charge imposed by the company. Credit card companies use a variety of formulas to compute finance charges.

The most common type of finance charge is the interest you accrue on the balance of your credit card each month if you don't pay it off in full.

Thus, it is $890.

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The craft wholesaler, Living Arts, offers a 15 percent discount on all Christmas
decorations bought before August 1. If a local crafts shop placed an order on July
11 for $3,300 worth of decorations, what would the discount and final price be?

Answers

Answer:

Discount amount: $495

The final price: $2,805

Explanation:

The local crafts shop made their order before august 1, hence qualifies for the 15% discount.

The discount amount will be 15% of $3,300

=15/100 x $3,300

=0.15 x $3,300

=$495

The final price will be

cost price - discount amount

=$3,300 - $495

=$2,805

According to the survey article on mergers by Mukherjee et al,

A) a minority of managers believe that diversification can be a good reason to merge.
B) acquiring managers discount targets’ cash flows at the targets’ cost of capital.
C) managers do not believe operating synergies to be important in merger decisions.
D) managers do not use the discounted cash flow formula to value a target in a merger.

Answers

I think it’s d but not sure

2. How would each of the following affect the demand for money ? a a tax on bonds held by individuals b . a forecast by the Central bank that interest rates will rise sharply in the next quarter

Answers

The more the demand for money the higher the taxes which then affects individuals because they will be overpaying for tax and interest


Rick owns and operates a small farm that produces vegetables and fruits. His friend Owen owns and operates a butcher shop that sells various kinds of
meat. Rick often gives Owen vegetables and fruits in exchange for meat, and vice versa. This scenario best describes

Answers

Because Rick often gives Owen vegetables and fruits in exchange for meat, and vice versa, this scenario best describes a trade by barter.

What is a trade by barter?

A trade by barter refers to direct exchange of goods or services without an intervening medium of exchange or money either according to established rates of exchange or by bargaining.

A trade by barter is common among traditional societies, most particularly in those communities with some developed form of market. Product can be bartered within a group as well as between groups, although gift exchange probably accounts for most intragroup trade, particularly in small and relatively simple societies.

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MotoSport is buying an asset that costs $730,000 and can be depreciated at 20 percent per year (Class 8) over its eight-year life. The asset is to be used in a three-year project; at the end of the project, the asset can be sold for $740,200. The company faces a tax rate of 26%. The sale of this asset will close the asset class. what is tax on CCA recapture

Answers

The tax on the CCA recapture is $306,332.

To calculate the tax on the Capital Cost Allowance (CCA) recapture, we need to determine the CCA claimed over the years and calculate the recaptured amount. The recaptured amount is the difference between the proceeds from the sale of the asset and the undepreciated capital cost (UCC) at the time of sale.

Given that the asset costs $730,000 and has a depreciation rate of 20% per year (Class 8) over eight years, we can calculate the CCA claimed each year:

Year 1: $730,000 * 20% = $146,000

Year 2: $730,000 * 20% = $146,000

Year 3: $730,000 * 20% = $146,000

Year 4: $730,000 * 20% = $146,000

Year 5: $730,000 * 20% = $146,000

Year 6: $730,000 * 20% = $146,000

Year 7: $730,000 * 20% = $146,000

Year 8: $730,000 * 20% = $146,000

The total CCA claimed over the eight years is $1,168,000.

At the end of the project, the asset can be sold for $740,200. The UCC at the time of sale is the original cost of the asset minus the CCA claimed:

UCC = $730,000 - $1,168,000 = -$438,000

Since the UCC is negative, there is a recapture of CCA. The recapture amount is the proceeds from the sale minus the UCC:

Recapture Amount = $740,200 - (-$438,000) = $1,178,200

Now, we can calculate the tax on the CCA recapture by multiplying the recapture amount by the tax rate:

Tax on CCA Recapture = $1,178,200 * 26% = $306,332

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How do you factor using the rational root theorem? Could someone check my work? Thank you!REWRITE the following sentences in the negative, also changing them to the pass compos. Watch for agreement of past participles and use of de after a negation. 1. Je mange des bonbons aprs le dner.Je nai pas mang de bonbons aprs le dner. 2. Robert crit des lettres en franais.Robert ncrivait pas de lettres en franais. 3. Elle fait des tartes pour sa famille.Elle na pas cuisin de tartes pour sa famille. 4. Vous faites des devoirs pendant lt.Vous navez pas fait vos devoirs pendant lt. 5. On achte de jolis timbres au tabac.On nachte pas de jolis timbres de tabac. Si p= (8+3)(8+11)necesito ayuda!!!!con la respuesta theupper ? and how about lower?The upper airways (trachea, bronchi) consist of epithelial cells Simple squamous Transitional Stratified squamous Ciliated pseudostratified columnar 5. Governments sometimes create an excess demand for a product by setting a maximum price that is less than the equilibrium price, resulting in a permanent excess demand for the product. This is known as a price ceiling.True/false 6. If the price of apples increases by 10% and quantity demanded falls by 20%, then the price elasticity of demand for apples is 0.5.True/false 7. By definition, an economy experiences inflation when the aggregate compensation to employees is rising.True/false 8. If a 15% increase in income results in a 30% fall in the demand for a good, then other things equal, this good is an inferior good.True/false The graph of g(x) = f(x + 2) + 3 is the graph of y = f(x) shifted In which situations are managers likely to rely on actual, rather than estimated, cost data? which is not a factor contributing to increased cardiac output during exercise? during the physical examination of a client, a nurse notes that the client has tenderness of the breasts. which question should the nurse ask the client with regard to this finding? Sketch a plant equipment which is designed to reduce maintenance costs. explain the features of your design. This is for today I need help on this someone help me pls!!! Which of the following actions is potentially part of executing an attack?a. Theft of employee ID cardsb. An attempt to gain access to restricted areasc. Leaving an unattended vehicle in close proximity to a potential targetd. All of the above In 32 days, a person saved $56. What was the persons average daily savings? (Enter monetary value e.g. $1.23). In the figure below, OQP is a right angle.(2x - 5)29XWhat is the measurement of LQM?A 19B. 22c. 310D. 38 An acute isosceles triangle has an angle that measures 80 degrees which is located across from the longestmeasures 64 units. A student states that she can determine the measures of the other two angles in the triangle. What is the measure ofone of the angles? Give the measure of one angle (since they are the same degree). Number of declaration authors? The spinner is shown has eight congruent sides the spinner is spun 200 times. What is a reasonable prediction for the number of times the spinner will land on 2 or 3 What was the fatal flaw of Copernicus Heliocentric model so that it failed to predict the accurate position of the planets Refer to the figure above. If the price of movies equals \( \$ 30 \), how much is the income of the consumer? \( \$ 3.75 \) \( 50.26 \) \( \$ 240 \) None of the above. Which parenting style is high in responsiveness and low in demandingness?