It’s the second one about practice you nerd
Given that Jenny earned $44,500 in 2016.
Her contribution to the Social Security is given by: 6.2% of $44,500 = 0.062 x 44500 = $2,759
Her employer's contribution to the Social Security is given by: 6.2% of $44,500 = 0.062 x 44500 = $2,759
Her contribution to the medicare is given by: 1.45% of $44,500 = 0.0145 x 44500 = $645.25
Her employer's contribution to the Social Security is given by: 1.45% of $44,500 = 0.0145 x 44500 = $645.25
Therefore, her total FICA tax is 2(2,759) + 2(645.25) = $5,518 + $1,290.50 = $6,808.50
Answer: The chances of occurrence of tail when we toss the coin is 50% which can be explained by the following formula:
Probability = Number of favorable events / # of Total event
Here the number of Total events = 2^3 =8
Number of total events can also be found by following Way:
1. Head, Head, Head
2. Head, Head, Tail
3. Head, Tail, Tail
4. Tail, Tail, Tail
5. Tail, Tail, Head
6. Tail, Head, Head
7. Head, Tail, Head
8. Tail, Head, Tail
This implies
Number of favorable events = 1 & Number of Total events = 8
By putting values:
Probability = 1 / 8 = 12.5%
So the chances of winning $10 is 12.5% whereas loosing $2 is 87.5%.
Answer:
Rate of return = 6.64%
Explanation:
Annual coupon rate = 7.5% = 0.075
Face value = 1,000
Coupon payment = 1,000*0.075 = 75
YTM = 8%
Years = 20
Price of the bond = PV(8%, 20, 75, 7.5%)
Price of the bond = $950.91
Rate of return = Selling price + Coupon payment received - Purchase price / Purchase price
Rate of return = $939.05 + $75 - $950.91 / $950.91
Rate of return = $63.14 / $950.91
Rate of return = 0.0663996
Rate of return = 6.64%
