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MMLU-Pro / 411 / Mr. Johnson, who already has a …

Problem

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question

Mr. Johnson, who already has a 20,000annualsalary,haspurchasedlandfor20,000 annual salary, has purchased land for 8,000 and a house on the land for 50,000.Heexpectstosellthepropertyintenyears.Forthefirst3years,Johnsonexpectsrentincomefromthepropertytobe50,000. He expects to sell the property in ten years. For the first 3 years, Johnson expects rent income from the property to be 7,000 and expenses to be 2,700.Forthenext7years,revenuewillbe2,700. For the next 7 years, revenue will be 10,000 and expenses, $3,500. Johnson will deduct a 2% depreciation allowance on the building from his taxable incomes. If Johnson sells this property after 10 years for $61,500, what percent of his $58,000 investment will he have gained or lost from the rental and sales incomes? The current interest rate is 7%. The tax rates applied to rental and sales income, above and beyond the $20,000 salary, are: Income Rate On the first $4,00033.44% = 0.3344 On the second $4,00037.84% = 0.3784 On the third $4,00041.36% = 0.4136 On the fourth $4,00044% = 0.44 On the fifth $4,00046.64% = 0.4664
Plain-text mathematical notation (without MathML)
Mr. Johnson, who already has a 20,000annualsalary,haspurchasedlandfor8,000 and a house on the land for 50,000.Heexpectstosellthepropertyintenyears.Forthefirst3years,Johnsonexpectsrentincomefromthepropertytobe7,000 and expenses to be 2,700.Forthenext7years,revenuewillbe10,000 and expenses, $3,500. Johnson will deduct a 2% depreciation allowance on the building from his taxable incomes. If Johnson sells this property after 10 years for $61,500, what percent of his $58,000 investment will he have gained or lost from the rental and sales incomes? The current interest rate is 7%. The tax rates applied to rental and sales income, above and beyond the $20,000 salary, are: Income Rate On the first $4,00033.44% = 0.3344 On the second $4,00037.84% = 0.3784 On the third $4,00041.36% = 0.4136 On the fourth $4,00044% = 0.44 On the fifth $4,00046.64% = 0.4664
Original LaTeX notation
Mr. Johnson, who already has a $20,000 annual salary, has purchased land for $8,000 and a house on the land for $50,000. He expects to sell the property in ten years. For the first 3 years, Johnson expects rent income from the property to be $7,000 and expenses to be $2,700. For the next 7 years, revenue will be $10,000 and expenses, $3,500. Johnson will deduct a 2% depreciation allowance on the building from his taxable incomes. If Johnson sells this property after 10 years for $61,500, what percent of his $58,000 investment will he have gained or lost from the rental and sales incomes? The current interest rate is 7%. The tax rates applied to rental and sales income, above and beyond the $20,000 salary, are: Income Rate On the first $4,00033.44% = 0.3344 On the second $4,00037.84% = 0.3784 On the third $4,00041.36% = 0.4136 On the fourth $4,00044% = 0.44 On the fifth $4,00046.64% = 0.4664

category

business

options

  1. 2.9%
  2. 1.84%
  3. -1.5%
  4. 2.5%
  5. 4.2%
  6. 5.7%
  7. -0.3%
  8. 0.89%
  9. 3.1%
  10. -2.2%

src

stemez-Business

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Source and history

upstream_id / Original problem ID
411
task_id
8677c574-af1e-52bd-a28f-be336f058c9c
task_key
default--test--411
task_revision_id
1
config / split
default / test

Official source

initial import