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miskamm [114]
3 years ago
14

Hank earns $ 23.50 per hour with time-and-a-half for hours in excess of 40 per week. He worked 43 hours at his job during the fi

rst week of March 2018. Hank pays income taxes at 15​% and 7.65​% for OASDI and Medicare. All of his income is taxable under FICA. Determine​ Hank's net pay for the week.​ (Do not round any intermediate​ calculations, and round your final answer to the nearest​ cent.)
Business
1 answer:
Serga [27]3 years ago
4 0

Answer:

$746.77

Explanation:

Calculation to Determine​ Hank's net pay for the week

Gross Pay $1320.00

Straight Time Pay 940.00

(40 × $23.50.)

Overtime pay 105.75

[ (43-40)× $23.50 ×1.5)]

Less Federal Income tax (198.00)

(15% × $1320.00)

Less OASDI and Medicare (100.98)

(7.65% × $1320.00)

Net Pay $746.77

Therefore Hank's net pay for the week will be $746.77

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Sensitivity analysis measures: Group of answer choices Changes in the depreciation tax shield over the life of the project Chang
bulgar [2K]

Answer:

None of the above

Explanation:

A sensitivity analysis measures how under a certain set of assumptions, different values of an independent variable influence the dependent variable. It is also known as what if analysis and it is based on various assumptions. Options given in the question like changes in depreciation tax shield over a project's life, changes in production levels with the changes in revenue etc. are absolutely certain to an extent, or in other words, bound to happen.

7 0
3 years ago
Swinnerton Clothing Company's balance sheet showed total current assets of $3,300, all of which were required in operations. Its
Zanzabum

Answer:

c. $2,580

Explanation:

Calculation for What was its net operating working capital that was financed by investors

Current assets $3,300

Less Accounts payable ($575)

Less Accrued wages and taxes ($145)

Net operating working capital $2,580

($3,300-$575-$145)

Therefore What was its net operating working capital that was financed by investors will be $2,580

7 0
3 years ago
5) Scanlin, Inc. is considering a project that will result in initial aftertax cash savings of $2.1 million at the end of the fi
rewona [7]

Answer:

The PV of future cash flow is $22,925,764, therefore the company should take on the project

Explanation:

In order to know if the company should take on the project we have to calculate the PV of future cash flow as follows:

PV of future cash flow=<u>    D1    </u>

                                        RE-g

To calculate this formula we requre to calculate the WACC and the discount rate as follows:

WACC=(1.00/1.80×0.11)+0+(0.80/1.80×0.046)

WACC=0.0611+0+0.02044

WACC=0.081556

WACC=8.16%

After having calculated the WACC we can calculate the project discount rate as follows:

project discount rate=WACC + Additional risk factor

=8.16%+3%

=11.16%

Therefore, PV of future cash flow= <u>$2,100,000</u>

                                                            0.1116-0.02

PV of future cash flow= <u>$2,100,000</u>

                                            0.0916

PV of future cash flow=$22,925,764

The PV of future cash flow is $22,925,764, therefore the company should take on the project

4 0
3 years ago
Which of the following questions is an example of macroeconomics?
alex41 [277]

Answer:

C. If federal taxes are decreased will consumer spending increase?

Explanation:

One keen question that falls under the domain of macroeconomics is the behavior of consumer spending when taxes are decreased.

  • Macroeconomics presents approaches the study of the economy in a holistic way.
  • Every aspect of the economy is considered before strategic economic decisions are taken.
  • Interest rates, inflation, unemployment rate, foreign trade etc. are all categorized under macroeconomics.
8 0
2 years ago
Bethany Richards is a book rep. She sells books to schools and libraries. She earns a 9 percent commission on every book she sel
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Answer:

The correct answer is: $284.10.

Explanation:

The percentage of a number represents a part of it. Typically percentages are used when a certain amount of money is to be paid out of another amount because of services being provided or for using the money as instruments of investments like bank loans.

In Bethany Richards' case, she receives 9% in commissions for all the books she sales. Then,

Total amount for books sold = $963.25 + $742.00 + $614.35 + $837.10

Total amount for books sold = $3156.70

Thus,

Bethany's monthly commission = $3156.70 x (9%)

Bethany's monthly commission = $284.10

6 0
3 years ago
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