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Business, 21.06.2019 16:10, IBillRandomz2958
George alexander pays $9,300 in tuition and fees in december 2018, and his child began college in january 2019. he filed his 2018 tax return on february 14, 2019 and claimed a lifetime learning credit of $1,860. he claimed no other tax credits. after he filed his return, his child withdrew from two courses and george received a refund of $2,900. he must refigure his 2018 lifetime learning credit using $6,400 of qualified education expenses instead of $9,300. after george refigures the credit, he determines his tax liability increased by what amount
Answers: 2


Business, 22.06.2019 06:30, hannahroswall1
Ummit record company is negotiating with two banks for a $157,000 loan. fidelity bank requires a compensating balance of 24 percent, discounts the loan, and wants to be paid back in four quarterly payments. southwest bank requires a compensating balance of 12 percent, does not discount the loan, but wants to be paid back in 12 monthly installments. the stated rate for both banks is 9 percent. compensating balances will be subtracted from the $157,000 in determining the available funds in part a. a-1. calculate the effective interest rate for fidelity bank and southwest bank. (do not round intermediate calculations. input your answers as a percent rounded to 2 decimal places.) a-2. which loan should summit accept? southwest bank fidelity bank b. recompute the effective cost of interest, assuming that summit ordinarily maintains $37,680 at each bank in deposits that will serve as compensating balances
Answers: 1
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