Jeff just financed a used car through his credit union. His loan requires payments of $275 a month for five years. Assuming that
1 answer:
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<u>Solution and Explanation:</u>
1) P<u>atrick patrone </u>
Single and 2 allowances
It falls under the category of Over $509 but under $1,631
The amount of income tax that he withholds is $36.70 + 12% of excess over $509
The amount to withhold for Federal income tax is $49.23.
2) <u>Carson Leno, married and 4 allowances </u>
= $1,195 - $155.80 - $155.80 - $155.80 - $155.80 = $571.80
The wages falls under the category of Over $444 but under $1,177.
The amount of income tax that he withholds is $0 + 10% of excess over $444.
The amount to withhold for Federal income tax is $12.72
3) Carli lintz single, zero allowances and wages is $700.
$700 - $0 = $700 (zero allowance)
The wages falls under the category of Over $509 but under $1631.
The amount of income tax to withhold is $36.70 + 12% of excess over $509
The amount to withhold for Federal income tax is $59.62.
4) Gene hartz. Single, 1 allowance and $2,500 wages.
$2,500 - $155.80 = $2,348.20
The wages fall under the category of Over $1,631 but under $3,315
The amount of income tax to withhold is $171.34 + 22 % of excess of $1,631
The amount for Federal income tax is $332.12
5) Mollie Parmer. Married, 2 allowances and wages is $3,600
The wages falls under the category of Over $1,177 but under $3,421
The amount of income tax to withhold is
The amount for Federal income tax is $326.67.
<u>NOTE :</u> - the withholding allowance is deducted from the wages, the amount of single allowance is $155.80.
Answer:
please refer to attachment for more explanation
Explanation:
a. a. Since both goods are complementary goods an increase in the price of cream cheese would cause equilibrium price and quantity of bagel to decrease.
b. If the price of the substitute good croissant decreases then the demand for bagel will fall since croissant is obviously cheaper therefore demand curve will shift downward and price and quantity will fall.
c. Lower income of the consumer would make the demand for the inferior good bagel to rise. Demand curve will shift upwards and price and quantity will rise.
