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Thanks help yesterday. Another question: We're home shopping
Hi Mark,Thanks for your help yesterday.Another question:We're home shopping and are trying to get a 100% clear understanding of what total monthly loan costs would be for an $800,000 single family home purchase price in California using these terms.Terms: 360 monthsMortgage Rate: 3.875%Down payment: $75,000Here's the math from our spreadsheet:$800,000 purchase price - $75,000 down = $725,000 Loan.At 3.875% Loan:($725,000 * .03875) = $28,093.75 annually / 12 months = $2341 per month.But when we enter those same data points into this online calculator, they return $3407 per month. We're trying to understand why our monthly figure ($2341) doesn't match online calculator ($3407)http://www.bankrate.com/calculators/mortgages/mortgage-calculator-v2?homePrice=800000&loanAmount=725000&percentAmount=75000&perc=9.37&years=30&terms=360&interestRate=3.87&prods=1&loanStartDate=July+16+2016&monthlyAdditionalAmount=0&yearlyAdditionalAmount=0&yearlyPaymentMonth=+July+&oneTimeAdditionalPayment=0&oneTimeAdditionalPaymentInMY=+August+2016&ic_id=mtg_calc_v2_calculate_btn&brshowextra=noThank you.
I am a the single owner and employee of an S corp. I have an
I am a the single owner and employee of an S corp. I have an established salary, and my accountant provides the service of paying my FICA/payroll tax on a monthly basis. However, he does not do any Federal income tax withholding for my monthly salary, and says that I can just do quarterly estimated tax payments. Is this correct?
JD, MBA, CFP, CRPS
I am getting married in September. I expect to make about
I am getting married in September. I expect to make about $250,000 during our first year of marriage, and my wife should make only about $20,000. All of our income is W2 income...at least for now.How much can I expect to save in federal taxes when filing married jointly, as opposed to what I have been paying as a single guy?Are there any strategies you would recommend for maximizing our tax savings? We do not intend to buy a house for a couple years. We are currently apartment renters.
Vocational, Technical or Trade School
Which scenario would be more feasible tax wise: Pulling
Which scenario would be more feasible tax wise: Pulling $11,000 a month from an annuity to pay for nursing home cost or cashing $11,000 in EE bonds? My dad lives in NJ and my mom is a resident in a Nursing Home since March of this year.
Bachelor's Degree Equivalent
I am becoming an Uber driver. do I want to be:
I am becoming an Uber driver. For taxes do I want to be:Individual/sole proprietorC CorpS CorpPartnershipLimited liability s CorpLimited liability C CorpOr. Limited liability partnershipI don't want anyone to be able to sue meSo what should I be? Thanks. and how do I do it.
JD, MBA, CFP, CRPS
A start up LLC gets a investor to give 200,000 % of theView more tax questions
a start up LLC gets a investor to give 200,000 for 1% of the business.the start up makes no profit over the next three years and spends 50,000 on expenses over the three years.There is no profit at all, does LLC corporation pay taxes on the investment?