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# The Dyrdek Co had \$270000 in 2014 taxable income Use the tax rates from Table 23 13 Calculate the companys 2014 income taxes Do not round intermediate calculations Taxes

 The Dyrdek Co. had \$270,000 in 2014 taxable income. Use the tax rates from Table 2.3.
 13. Calculate the company’s 2014 income taxes. (Do not round intermediate calculations.)
 Taxes \$

21.

 First City Bank pays 8 percent simple interest on its savings account balances, whereas Second City Bank pays 8 percent interest compounded annually.

23.

If you made a \$68,000 deposit in each bank, how much more money would you earn from your Second City Bank account at the end of 8 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

 Assume the total cost of a college education will be \$300,000 when your child enters college in 18 years. You presently have \$60,000 to invest.

 What annual rate of interest must you earn on your investment to cover the cost of your child’s college education? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Apr 29 2020 View more View Less