A withholding allowance for the employee and each dependent is exempt from gross earnings and not subject to federal income tax. The monthly deduction for this allowance is 283.33 . Jake Rogers claims himself and three dependents. Compute the total amount of Rogers' allowance.
Q. 2Erik Wells bought a Sandia Corporation convertible bond for 1,000 . The bond was convertible to 50 shares of stock. At the time of the purchase, the stock was selling for 20 per share. At the end of two years, the stock was selling for 28 per share. Erik converted his bond. Assuming the market value of the bond had not changed, how much profit did Erik realize by converting?
Q. 3A withholding allowance for the employee and each dependent is exempt from gross earnings and not subject to federal income tax. The monthly deduction for this allowance is 283.33 . Darla Olson claims herself and two dependents. Compute the total amount of Olson's allowance.
Q. 4Sandia Corporation issued 2,000,00 . worth of callable bonds paying 7 interest. The maturity date for the bonds was in 10 years. A year later, interest rates fell to 5. The bonds were called and new bonds were sold at the 5 rate. How much did Sandia Corporation save by calling the bonds?
Q. 5A withholding allowance for the employee and each dependent is exempt from gross earnings and not subject to federal income tax. The monthly deduction for this allowance is 283.33 . Chris Kent claims himself and one dependent. Compute the total amount of Kent's allowance.
Q. 6Paula Jones bought 400 shares of Smartlook 55 par 7 preferred stock at the current market price of 60 per share. What is her rate of yield if Smartlook pays the regular dividend for the year?
Q. 7A withholding allowance for the employee and each dependent is exempt from gross earnings and not subject to federal income tax. The monthly deduction for this allowance is 283.33 . Laura Wilder claims as a dependent herself only. Compute the total amount of Wilder's allowance.
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