A buyer borrows money at 6% interest to pay a $10100 invoice with terms 1/10, n/30 on the 10th day of the discount period. The loan is repaid on the 30th day of the invoice. What is the buyer’s net savings for these two transactions?

$67

Explanation:

Calculation for the buyer's net savings for the two transaction

Buyer's net savings=($10,100 × .01) − ($10,100 × .06 × 20 days/360)

Buyer's net savings=$101-$34

Buyer's net savings=$67

Note that 10th day of the discount period less 30th day of the invoice will gives 20 days while 360 days represent the number of days in a year

Therefore the buyer's net savings for the two transaction will be $67

the answer is: c.that person might be arrested and deported

filling w-4 form incorrectly usually would rise suspicions from government's auditors. when they notice such mistakes, they would send their teams to investigate the situation further.

if those investigation teams believe that the incorrectness is done on purpose (with malicious intent), that person can be arrested or deported

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