The Sharmas purchase a new home for $275,000. Suppose they put 40% down and finance the rest througha mortgage (an amortized home loan) at an annual rate of 4.1%, compounded monthly for 30 yr.1. Find their monthly payment.2. If the Sharmas make every payment, what is the total amount they will pay?3. Find the total interest they will pay on their mortgage, assuming that they make all payments. Please refer to the notes we had. Now we are interested in creating an amortization schedule for the Sharmas’ mortgage. From the workwe did, we know thatP= $165,000, p= $797.28, r= 4.1% = 0.041and the schedule looks like

Overspeculation and a decrease in consumer confidence are both leading factors of: ?

The relationship requirement for qualifying relative requires the potential qualifying relative to have a family relationship with the taxpayer. t or fwhich of the following is not a from agi deduction? a.standard deductionb.itemized deductionc.personal exemptiond.none of these. all of these are from agi deductions

Reynolds corp. factors $400,000 of accounts receivable with mateer finance corporation on a without recourse basis on july 1, 2015. the receivables records are transferred to mateer finance, which will receive the collections. mateer finance assesses a finance charge of 1 ½ percent of the amount of accounts receivable and retains an amount equal to 4% of accounts receivable to cover sales discounts, returns, and allowances. the transaction is to be recorded as a sale.required: a. prepare the journal entry on july 1, 2015, for reynolds corp. to record the sale of receivables without recourse.b. prepare the journal entry on july 1, 2015, for mateer finance corporation to record the purchase of receivables without recourse— think through this.c. explain the difference between sale of receivables with recourse as oppose to without recourse.