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Problems 37 and 38 refer to the following ads.
Use the information given in the Bison sedan ad to determine if this is really
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Finite Mathematics for Business, Economics, Life Sciences, and Social Sciences (13th Edition)
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- Problem 24. You decide to work part-time at a local clothing store. The job pays $14 per hour and you work 16 hours per week. Your employer withholds 10% of your gross pay for federal taxes and 4% for state taxes. 1. What is your weekly gross pay? 2. How much is withheld per week for federal taxes?arrow_forward1. In the Baltimore area a high-end Comcast cable package with HBO runs about $67 a month. What would be the yearly cost of the package?arrow_forward1. State the appropriate formulae used in solving (i) and (ii) of this questions below. a. Determine how many rows are in the corner section of a stadium containing 3920 seats if the first row has 10 seats and each successive row has 6 additional seats? b. A new machine was purchased for $45,000. For tax purposes, the company depreciates the value by 5% annually. Determine the value of the value of the machine after 7 years of use?arrow_forward
- If Chloe still old Dakota $6,497 on January 1,2010, what was the average amount of Chloe‘s monthly payment? arrow_forward7. Brian's bank charges $3.50/month for up to 13 transactions and $0.35 for each additional transaction. If Brian made a total of 23 transactions in a month, what would be the service charge for the month?arrow_forwardRetailers often raise the price of their products at a certain percentage and then mark them down at a different percenatge, just so that the sale price appears better than it actually is. Suppose a retailer raises the price of an item by 20% and then puts the item on sale for 30%. If the final price after both changes is $15.12, what was the original price before both changes? What was the actually percantage that was taken off after both changes?arrow_forward
- Suppose that a life insurance company insures 5700 40-year-old people in a given year. (Assume a death rate of 4 per 1000 people.) The cost of the premium is $200 per year, and the death benefit is $45,000. How much can the company expect to gain (or lose) in a year?arrow_forwardPlease Help me ... Note: c=7 , d=6arrow_forwardSuppose that a life insurance company insures 4200 40-year-old people in a given year. (Assume a death rate of 6 per 1000 people.) The cost of the premium is $300 per year, and the death benefit is 55,000. How much can the company expect to gain(or lose) in a year ?arrow_forward
- A vehicle accessory shop is considering buying a new style of wheels for $197.00 and selling them at $212.00 for each wheel. Fixed costs related to this new style of wheel amount to $240.00. It is estimated that 33 wheels per month could be sold. (a) How many wheels must they sell to break even?(b) How much profit will the accessory shop make each month?arrow_forwardPlease explain the subparts to understand, thank you. Problem #2. Your uncle has a taxable income of $85,311 last year. (a) If he files as a head of household, what is his tax liability. (Use Table 18-3 and example 11 from Chapter 18 as a guide.) (b) What would be your uncle's tax liability if he were to file his taxes as married filing jointly.arrow_forwardThe expenses and income of an individual are given in table form to the right. Find the net monthly cash flow (it could be positive or negative). Assume salaries and wages are after taxes. When you need to convert between weeks and months, assume that 1 month=4 weeks. Income Part-time job: $700/month College fund from grandparents: $400/month Scholarship: $5400/year The net monthly cash flow is $. (Round to the nearest dollar as needed.) Expenses Rent: $500/month Groceries: $70/week Tuition and fees: $3000 twice a year Incidentals: $140/weekarrow_forward
- Algebra for College StudentsAlgebraISBN:9781285195780Author:Jerome E. Kaufmann, Karen L. SchwittersPublisher:Cengage LearningAlgebra: Structure And Method, Book 1AlgebraISBN:9780395977224Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. ColePublisher:McDougal Littell