How much was his taxable income
Fred is single with no dependents. He is 32 years old. In 2009 he had earned income of $35000. He had mortgage interest of $1200, real estate taxes on his home of $1000 and personal property tax of $120. How much was his taxable income?
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This year Andrews achieved an ROE of 2.0%. Suppose the Board of Directors of Andrews mandates that management take measures to increase financial Leverage (=Assets/Equity) next year. Assuming Sales, Profits, and Assets remain the same next year, w
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