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Helen [10]
3 years ago
13

Martin Jackson receives an hourly wage rate of $30, with time and a half for all hours worked in excess of 40 hours during a wee

k. Payroll data for the current week are as follows: hours worked, 46; federal income tax withheld, $350; social security tax rate, 6.0%; and Medicare tax rate, 1.5%. What is the net amount to be paid to Jackson? a. $1,097.95 b. $1,009.75 c. $1,470.00 d. $460.25
Business
2 answers:
goblinko [34]3 years ago
7 0

Answer: 1009.75

Explanation:

Computation of Net Pay

Hourly wage 30 × 46. = 1380

Excess hours 30×1/2×(46-40) =90

Total Gross =1470

Less:

Income Tax 350

Social Security ta 1470×6%. 88.2

Medicare tax 1470×1.5% 22.05

Net Pay 1009.75

Hence Option B is correct.

denis-greek [22]3 years ago
6 0

Answer:

b. $1,009.75

Explanation:

                                                                   $

Hourly wage                 30 × 46                       1380

towards excess hours 30 × 1/2 × (46-40)        90

Total Gross                                                1470

Less: Income Tax                                        350

Social Security ta 1470 × 6%                       88.2

Medicare tax 1470 × 1.5%                              22.05

Net Pay                                                     1009.75

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Sharon Lee wants to accumulate $10,000 by the end of 12 years. If the annual interest rate is 8.00 percent and interest compound
nataly862011 [7]

Answer:

Amount invested that is principal amount will be $3971.137

Explanation:

We have given that Sharon Lee wants to accumulate $10000 by the end of 12 years

Future value A = $10000 after 12 years

Rate of interest is given  r = 8%

Time period n = 12 year ( which is required to accumulate the future value $10000)

We have to fond the amount invested, that is principal amount

We know that future value is given by

A=P(1+\frac{r}{100})^n

10000=P(1+\frac{8}{100})^{12}

10000=P\times 1.08^{12}

10000=P\times 2.5181

P = $3971.137

So the amount invested that is principal amount will be $3971.137

3 0
3 years ago
The problem of a double coincidence of wants refers to A. poorlyminusmanaged companies producing what consumers want only by coi
bija089 [108]

Answer:

D. the necessity in a barter system of each trading partner wanting what the other has to trade.

Explanation:

Double confidence of wants was one of the shortcomings of the barter system.

For example, if someone wants corn and has yam. He has to find someone that wants yam and has corn to trade in order for a trade to occur.

The introduction of money solved this problem.

I hope my answer helps you

7 0
3 years ago
A firm with a WACC of 10% is considering the following mutually exclusive projects:
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Answer:

Option e is the correct answer.

As the NPV of project 1 is higher than Project 2's NPV, Project 1 is recommended,

Explanation:

To determine which project to choose, we will calculate the net present value (NPV) of both projects and the project with the higher NPV will be chosen.

NPV is the present value of the future cash flows inflows expected from the project less any initial cost. The formula for NPV is as follows,

NPV = CF1 / (1+WACC)  +  CF2 / (1+WACC)^2  +  ... +  CFn / (1+WACC)^n  -  Initial outlay

Where,

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NPV - Project 1 = 60 / (1+0.1)  +  60 / (1+0.1)^2  +  60 / (1+0.1)^3  +  

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NPV - Project 1 = $236.076 rounded off to $236.08

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100 / (1+0.1)^4   +  100 / (1+0.1)^5  -  600

NPV - Project 2 = $126.1861 rounded off to $126.19

As the NPV of project 1 is higher than Project 2's NPV, Project 1 is recommended,

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Cross-price elasticity quantifies how sensitive a product's demand is to a change in the price of the related product. Many products on the market have relationships with one another. This could imply that a product's price change could have a positive or negative impact on the demand for another product.

When it comes to substitutes, a rise in price of one substitute drives up demand for the alternative product. Because they always want to maximize utility, consumers frequently do this products. The perceived satisfaction increases with decreasing expenditure.

Learn more about cross-price elasticity here

brainly.com/question/14469117

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