Clarissa's car is valued at $14,000, and she owes $7,000 on it. what is her current equity?

Total equity is $7000

Step-by-step explanation:

The equity is the value left, once you discount the liabilities.

Total equity formula is

Equity = Assets - Liabilities

In this case ,

Assets=14000 (Value of Clarissa's car)

Liabilities=7000 (Amount she owes)

Equity= 14000 - 7000

Equity=7000

$3720

step-by-step explanation:

taxable income = $31000

as per the 2018-2019 us tax bracket, the tax rate is 12% for an individual whose taxable income is between $9,526 to $38,700.

so, the tax to be paid by him = 12% of 31000

= 0.12 * 31000     [12% converted to decimal as 0.12]

= $3720

you save $70

discount would be 35% off

step-by-step explanation: