ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Chapter 12A, Problem 39P

(a)

To determine

To find: Whether the couple can afford of the house.

(b)

To determine

To find: The total payment paid for the house in 30 years.

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(1) nicol's 2013 income was $ 51,309. she is single and claims 2 exemptions and take the standard deducation. the 2013 tax exemption is $ 3,900 and the standard deduction for someone who is single is $ 6,100 . if nicole's tax braket is 25% and her tax is $ 4991.25+ 25% of the taxable income exceeding $36,250 . what is the total tax she owes for 2013 ?  (a) $4792.48 (b) $5975.75 (c) $5699.50 (d) $5700.00 (e) $5281.00
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