Solve the following problem using 6.2%, up to $117,000, for social security tax and 1.45%, no wage limit, for Medicare tax.   What are the social security and Medicare withholdings for an executive whose annual gross earnings are $126,870? Round to the nearest cent when necessary.   Social security: $ Medicare: $

Q: The financial officer of Toys and Noise arranges a loan of $8,500, at 8.5% interest, for 31 months.…

A: Given information P=$8,500 Rae of interest r=8.5% Since, time t=31 months Hence, t=3112 years Use…

Q: Mr. Dan Dapper received a statement from his clothing store showing a finance charge of $2.30 on a…

A: Given Information - Finance charge on previous balance = $2.30 Previous Balance = $100 We have to…

Q: What would be the monthly payment on an add-on loan from a credit union at 6% over 36 months for the…

A: I solved with detailed analysis

Q: Three years ago, Pete took out a loan of $55,000.  The loan was taken out for 10 years with an…

A:

Q: 2.7

A:

Q: Anna's employer covers 80% of the cost of a $5700-per-year health insurance plan, and her share of…

A:

Q: Mr. Dan Dapper received a statement from his clothing store showing a finance charge of $2.10 on a…

A: Solution is given below:-

Q: a. A new ring light costs $89. You get a coupon for 15% off. What is the discounted price? b. If…

A: Find the discount price

Q: Mr Ahmed earns a salary of OMR 750 per month after a pay rise of 10% How much did he eam before the…

A: According to question given that Mr Ahmed earns= 750 per monthPay rise=10%

Q: Melissa Hernandez received an 8-year subsidized student loan of $25,000 at an annual interest rate…

A: We have given the amount of loan, the annual interest rate and the time period

Q: Ransford and Alda Mariano own a home recently appraised for $428,500. The balance on their existing…

A: The appraised value of the home is $428,500.

Q: Ransford and Alda Mariano own a home recently appraised for $422,500. The balance on their existing…

A: Answer  80% of appraised value = 0.8 × $422,500 = $338,000

Q: Paul Peters received a statement from the ABC Department Store showing a previous balance of $90. If…

A: Interest = (Rate of interest × Amount× Time)/100 Amount = $90 ROI = 2.5% Time = 1 Month

Q: OC Motor Supply had beginning-year net fixed assets of $479 and ending-year net fixed assets of…

A: Given data:- The given beginning year net fixed assets of, =$479 The given ending-year net fixed…

Q: DeVry Davis earns a semi-monthly pay of $2,391.39 after deductions and taxes. If 25% of his gross…

A:

Q: There is a budget for this past year that was $25,650,000.  Their is now  a 7.5% cut in the budget.…

A: It is given that the budget for this past year that was $25,650,000 and this year there is a cut to…

Q: Vhat are the social security and Medicare taxes due on gross earnings of $42,600 per ear for a…

A: Given, the gross earnings for a self-employed person per year =$42,600

Q: What is the Total Return on a single share of Stock that was purchased for $10, sold 3 years later…

A:

Q: Three years ago, Pete took out a loan of $55,000.  The loan was taken out for 10 years with an…

A:

Q: THe washingtons buy a studio apartment for $240,000.00, what percentage down payment is 12,000.00?…

A: topic - percentage

Q: What is the total amount of a 3-year loan of $1000 to be repaid at an interest rate of 5%, using the…

A:

Q: Salvo, Inc., has sales of $655,000, costs of $304,000, depreciation expense of $56,000, interest…

A:

Q: What price should you be willing to pay for the following bond? 5 year $5000 bond; interest at 3.5%

A: Recall the following fact.

Q: Stock Bonds and Mutual Funds/ Compound Ammount Formula/ Credit Card and Consumer Loan/APR 1. Mr.…

A: Given:      Loan amount d=980       Annual interest rate r=15%…

Q: 2. Mike deposited on March 12, 2020 at 10.5% simple interest. On September 8, 2020, the fund…

A: Solution

Q: Inch Company was expanding its production facilities and purchased large quantities of land in…

A: a. Given that, the price of the land is $5,970,000 and the assessed percentage is 11%. Find the…

Q: If you were to lend Rs. 1,500,000 for five years and charged 19%. Calculate your return in each…

A: Note: It is assumed that the charged amount is the simple interest. The simple interest, I, is…

Q: Ransford and Alda Mariano own a home recently appraised for $422,500. The balance on their existing…

A: Given that Ransford and Alda Mariano own a home recently appraised for $422,500. The balance on…

Q: You own a home that was recently appraised for $390,000. The balance on your existing mortgage is…

A:

Q: Mitchie borrowed $23,000 from Meridian Credit Union at 4% per year and agreed to repay the loan in…

A:

Q: f your monthly salary is $5,167 and 28% is withheld for taxes and social Security, How much will be…

A:

Equations and Inequations

Equations and inequalities describe the relationship between two mathematical expressions.

Linear Functions

A linear function can just be a constant, or it can be the constant multiplied with the variable like x or y. If the variables are of the form, x2, x1/2 or y2 it is not linear. The exponent over the variables should always be 1.