Question: Please show work for number two. Exam #2 (Take-Home Portion) (Due Thursday, April 21st at 12:15pm) Spring 2022 Faizaan Ahmed Econ 100 Instructor: Kelly Gollan

Please show work for number two. Exam #2 (Take-Home Portion) (Due

Please show work for number two.

Exam #2 (Take-Home Portion) (Due Thursday, April 21st at 12:15pm) Spring 2022 Faizaan Ahmed Econ 100 Instructor: Kelly Gollan 1. (3 pt) What would be the Annual Percentage Yield for a savings account that earned $15 interest on $600 over the past 365 days? [Make sure to show your work] APY= 100 ( Interest / Principal ) = 100 ( 15/600 ) = 2.5% 2. (9 pt) Given the information below about Jane, answer the following questions: [Make sure to show your work] . Bank balance: $472 . Checkbook balance: $356 . Interest earned: $4 . ATM fees: $15 . Deposit in transit: $60 . Outstanding checks: $187 a. What should Jane's adjusted bank balance for his bank reconciliation be? b. What should Jane's adjusted checkbook balance be? c. Should the adjusted values for parts a & b equal? Explain. 3. (10 pt) Use the following website for the image https://fm- static.cnbc.com/awsmedia/chart/2019/11/06/110619 2020 tax brackets. 1573074192234.p to help answer the questions that follow: Answer the following questions based on a head of household taxpayer's income of $5 a. What is their marginal tax rate? b. What is the total tax due? [Make sure to show your work] c. What is their average tax rate? [Make sure to show your work] Office DEPOT

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