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The document outlines tax rates and net income for individuals, including calculations for total income in specific categories. It also details a loan scenario with yearly payment calculations at an 8% interest rate and retirement investment projections over 20 years. Key figures include net incomes for individuals and future values of investments based on different payment timings.

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walidaiyash2001
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2 views

Test Examples

The document outlines tax rates and net income for individuals, including calculations for total income in specific categories. It also details a loan scenario with yearly payment calculations at an 8% interest rate and retirement investment projections over 20 years. Key figures include net incomes for individuals and future values of investments based on different payment timings.

Uploaded by

walidaiyash2001
Copyright
© © All Rights Reserved
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Q1 The sheet below contains two table define the name Rates for first one and Clerks

for the sec


1- The rates for all names using the Rates table.
2- Net income for all names.
3- Total income for Category 2
4- The net income for the name entered in G12.

Income level Tax rate


Name Net
$ - 0.11 Income
$ 15,000.00 0.15
$ 32,000.00 0.24
$ 45,000.00 0.30 Net income for Tom Davis 84000
$ 60,000.00 0.35
$ 80,000.00 0.40
Total income for Category 2

Name Sex CategoryNo. income Rate Net income


Tom Davis M 1 84000
Alex Hunk M 2 40600
Peter Duke M 1 79890
Samia Salim F 3 30800
Jemes Lang M 4 14900
Ladia Casina F 2 59000
ne and Clerks for the second. Use Excel to return:

Q2 I am borrowing $30,000 for 5 years with an annual interest rate of 8 percent.


What are my yearly payments ?
Payment Value beginning of year
Payment Value end of year
Payment Value end of year if the future value $700
Net
Income Q3 If at the end of each of the next 20 years I invest $1,900 a year toward my retirement

Invest $1900 end of year ($86,947.73)


Invest $1900 beginning of year ($93,903.55)
We start with $25000 ($203,471.66)
nterest rate of 8 percent.

($6,957.12)
($7,513.69)
($6,846.64)

900 a year toward my retirement and earn

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