Question

PLEASE HELP ;-;

Answer 1

10.) The realized income each week is $79.87.
   Add both payments and tips then deduct the tax deductions (multiply the rates to the gross income per week).
   Gross income per week: (4.70 + 3.85) x 13hrs = 111.15
   Tax deductibles: 8.50 (FICA) + 13.67 (federal tax) + 9.11 (state tax) = (31.28)
   Realized income per week: 111.15 - 31.28 = 79.87

11.) The value of the stocks in its second year is $1,340.75.
   Multiply the investment by the percentage increase, then add the result to the investment. You can also use this formula = investment x (1 + %)
   First year: 1,050 x (1 + 0.13) = 1,186.50
   Second year: 1,186.50 x (1 + 0.13) = 1,340.75

12.) a. The total value of your stocks after 2 years is $2,046. Use investment x (1 - %) in computing the decreases while investment x (1 + %) in computing the gains.
   First year: 2,000 x (1 - 0.07) = 1,860
   Second year: 1,860 x (1 + 0.10) = 2,046

   b. The balance in your savings account after 2 years is $2,150.74. Use this formula = investment x (1 + rate)^number of years
   Balance = 2,000 x (1 + 0.037)^2 = 2,150.74

13.) Your question is incomplete.