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01.04.2020 •
Business
Ted pays $2,100 interest on his automobile loan, $120 interest on a loan to purchase a computer for personal use, $630 interest on credit cards, and $1,100 investment interest expense. ted has net investment income of $850. ted's deductible interest is
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Ответ:
The net Investment income is $850
Explanation:
Given that,
Ted pays $2100 interest loan for automobile
purchased a computer for personal use = $120
interest on credit cards = $630
Investment interest expense = $1100
Ted net investment income of $850.
This is true, because the interest expense of the investment to the net investment income is deducted. The others things listed are not deducted.
The net investment income can either be interest, dividends, or capital gains, when the interest expense is higher than investment income, only expenses up to net investment income amount is deducted.When the expenses is lower or lesser than net investment income, the investment interest expense is deductible.
Ответ:
6.25%
Explanation:
The given statement is false, as for computing the rp the tax adjustment is not considered. Moro ever, the tax saving is not associated with the preferred stock
The computation of the cost of preferred stock is shown below:
Cost of preferred stock = Annual dividend ÷ Price of preferred stock per share
= $3 ÷ $48
= 6.25%
Simply we divide the annual dividend by the price of preferred stock per share so that the correct cost of preferred stock can be computed