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calculating current yield. calculate the interest amount and current yield for the following $1,000 bonds. 6% $1,030, 5.7% $1,120, 5.10% $910
Weegy: $600,000 User: calculating yields Weegy: Sir/Madam, The rate used in the table for calculating compound interest is found by "Annual rate divided by number of times compounded per year". (More)
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Asked 1/2/2013 4:19:02 PM
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Calculating Net Profit after Taxes. Assume your home is assessed at $200,000.You have a $150,000 loan for 30 years at 6 percent. Your property tax rate is 1.5 percent of the assessed value. In year one, you pay $9000 in mortgage interest and $3000 in property tax. (1.5 percent on $200,000 assessed value). 7. What is the total deduction you can take from your federal income tax return? 8. Assuming you are in a 28 percent tax bracket, by what amount would you have lowered your federal income ... ...
Weegy: Schedule A itemized deductions of the 1040 tax form for a start for this purpose and time in your life. The limitation for mortgage interest on your primary and secondary residence is $1,000,000 for acquisition indebtedness and $100,000 for home [ equity indebtedness. Real estate taxes paid on your primary and second residence are, generally, deductible. Deductible real estate taxes include any state, local, or foreign taxes based on ... (More)
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Updated 4/3/2013 4:45:43 AM
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Assume your home is assessed at $200,000. You have a $150,000 loan for 30 years at 6 percent. Your property tax is 1.5 percent of the assessed value. In year one, you would pay $9,000 in mortgage interest and $3,000 in property tax (1.5 percent on $200,000 assessed value).
7. The total deduction you can take on your federal income tax return is $9,000 (mtg. interest) + $3,000 (prop. taxes) = $12,000 total.
8. Assuming you are in a 28 percent tax bracket, the amount that would you have lowered your federal income is $12,000 x 0.28 = $3,360
Added 4/3/2013 4:45:43 AM
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