During the year, eleanor earns $120,000 in wages as an employee of an accounting firm. she also earns $30,000 in gross income from an outside consulting service she operates. deductible expenses paid in connection with the consulting service amount to $6,000. eleanor also has a recognized long-term capital gain of $1,000 from the sale of a stock investment. she must pay a self-employment tax on:

a. $145,000
b. $144,000.
c. $31,000.
d. $30,000.
e. $24,000.

Variable rate cd’s = $90 treasury bills = $150 discount loans = $20 treasury notes = $100 fixed rate cds = $160 money market deposit accts. = $140 savings deposits = $90 fed funds borrowing = $40 variable rate mortgage loans $140 demand deposits = $40 primary reserves = $50 fixed rate loans = $210 fed funds lending = $50 equity capital = $120 a. develop a balance sheet from the above data. be sure to divide your balance sheet into rate-sensitive assets and liabilities as we did in class and in the examples. b. perform a standard gap analysis and a duration analysis using the above data if you have a 1.15% decrease in interest rates and an average duration of assets of 5.4 years and an average duration of liabilities of 3.8 years. c. indicate if this bank will remain solvent after the valuation changes. if so, indicate the new level of equity capital after the valuation changes. if not, indicate the amount of the shortage in equity capital.