As of 2013, retirees who file individual tax returns must pay taxes if they receive more than $25,000 in total pensions and other income plus one-half of Social Security benefits each year.
He drives a 2008 Honda Accord LX Sedan in good condition with only the standard options and 100,000 miles on the odometer. According to the Kelly Blue Book, Markâs car is worth about $7,500. If Mark only has a few thousand dollars in savings, he should probably buy collision coverage. But if his fund has $30,000, he should answer the three questions listed above. The quote generator reveals that Mark will have to pay about $480-$600 per year for collision coverage.
This road had an average of about 6 slight injury accidents per year in the last few years (there were no serious or fatal accidents). The proposals might save one accident per year at a cost of about 50,000 (for the speed bumps or alternative treatments as proposed). If you took the average cost of all injury accidents as 63,000 then it looks a no-brainer as the payback is less than one year. However, if the only accidents saved are slight ones, as is quite likely in this case, then the benefit is 15,000 for an expenditure of 50,000 which doesnt look nearly as good.