oneil_ex4


Exhibit 4: Lease or Buy–Input Range
Instructions: You may find information about leasing or purchasing an auto from one of these sites.
www.carpoint.msn.com

www.autogiant.com

www.carsdirect.com

www.driveoff.com

www.leaseguide.com

www.carinfo.com

www.leasespy.com

Input variables  
General information:  
Employee or self-employed (1 or 2)
Monthly payments in year 1
Marginal tax rate
Sales/Use tax
Qualified business use %
Discount rate

2
12
39%
7.05%
80%
8%

Purchase information:  
Purchase price, before sales/use taxes
Downpayment
Interest rate, if financed
Number of monthly loan payments

$37,730
$250
8.15%
60

Lease information:  
Number of monthly payments
Fair market value
Monthly payment, before sales/use tax
Downpayment
Residual value/Trade-in allowance
Lease termination fee

60
$37,730
$ 609.67
$250
$10,326.25
$350

SPONSORED REPORT

CPEOs provide peace of mind around payroll services

The creation of these new IRS-certified service providers for small businesses clarifies some issues around traditional professional employer organizations.

QUIZ

8 sentences to help you master subject-verb agreement

When professionals prepare written material for readers inside their organization or outside, they should make sure that no errors distract from the message they need to convey. Take this short quiz for practice in subject-verb agreement.