Credit reduces future income. The disposable income from your part-time job in 2013 and 2014 is $12,000.

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Credit reduces future income. The disposable income from your part-time job in 2013 and 2014 is $12,000. In 2013, you borrowed $500 at 18% interest. You repaid your loan with interest in 2014. How much would you have available for spending in 2014?

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Federal Taxation 2015 Comprehensive

ISBN: 9780133807783

28th Edition

Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson

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Question Posted: Apr 07, 2017 10:46 AM

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Credit reduces future income. The disposable income from your part-time job in 2013 and 2014 is $12,000.

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Amount borrowed in 2010 500 Interest r...View the full answer

Federal Taxation 2015 Comprehensive

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