Your annual mortgage payments are $10,000 of which $8,000 represents interest payments, your marginal tax rate is about 30%, and you itemize deductions. Home ownership will reduce your tax payments by about how much?
A)
$2,400
B)
$3,000
C)
$5,600
D)
$7,000
A
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The theory of overlapping demands argues that consumer demand within nations is strongly determined by
a. tastes and preferences. b. expectations of future interest rate levels. c. per-capita income levels. d. labor productivities.
The process of building into a job such motivating factors as recognition and achievement is called
A. MBO. B. job design. C. job enrichment. D. job enlargement. E. horizontal loading.
Which of the following is not true for a regulated electric utility that has construction work in progress?
a. The political climate of the utility commission that will be ruling on the construction work in progress costs is not an issue to be considered. b. Most utility commissions allow no construction work in progress or only a small amount in the rate base. c. In the long run, everybody pays for inefficiency and excess capacity because disallowed costs are a risk that can drive the stock price down and interest rates up for the utility. d. Costs related to construction work in progress that are disallowed are, in effect, charged to the stockholders. e. Future income will not include a return on disallowed costs.
Tom and Lynn get together and start a mortgage brokerage business. They each contribute $25,000 of capital to the business. After the first year of operation, the total owners' equity is listed as $60,000. Most likely, the additional $10,000 of owners' equity is
A. common stock. B. long-term liabilities. C. current liabilities. D. retained earnings. E. a bank loan.