Find the Amount of Monthly Payment Necessary for the Deposit

question 61

Multiple Choice

Find the amount of monthly payment necessary for the deposit to a sinking fund. ​

• A) $2,245.94
• B) $651.97
• C) $591.36
• D) $1,219.65
• E) $2,598.06

Identify various elements of employee compensation beyond wages and salaries.

Understand the benefits of flexible benefit packages, including tax advantages.

Know the best practices for hiring family members according to Peter Drucker.

Be aware of the rules and limits concerning individual retirement accounts (IRAs).

---

Definitions:

Asset

Resources owned by a business which have economic value and can be used to meet liabilities.

Board of Directors

The Board of Directors is a group of individuals elected to represent shareholders and oversee the activities and strategic direction of a company.

GAAP

Generally Accepted Accounting Principles, a set of accounting standards and procedures used in the United States to govern financial reporting.