<span>Mike will earn $2,400,000 for the year. Social security withholds 6.2% which equals $148,800, though Social security has a maximum base amount of $118,500. So the total amount withheld for Social Security will be $118,500. Medicare withholds 1.45% which equals $34,800. So the total amount withheld for Medicare will be $34,800. The total withheld from both Social Security and Medicare would be $153,300.</span>
Answer:
$11.38
Explanation:
For this specific asset, it can be calculated that the offering price is $11.38 . That is because the offering price includes a 6% front-end load, this means that for every dollar that is paid only $0.94 actually goes to the purchase of the share. Therefore we can do the following calculations ...
$10.07 / (1 - 0.06) = $11.38
Making the final offering price $11.38
<span>This is an example of ascending vertical social mobility because he is going upward. He is getting a higher position with more money. He is going up the ladder rather than being demoted downward to something lower.</span>
Answer:
a. The probability that a worker will learn the skill successfully is 0.8375
b.The probability that Method A was used is 0.716
Explanation:
a. In order to calculate the probability that a worker will learn the skill successfully we would have to use the followinf formula:
probability that a worker will learn the skill successfully= 0.75*0.8 + 0.25*0.95
probability that a worker will learn the skill successfully=0.8375
The probability that a worker will learn the skill successfully is 0.8375
b. In order to calculate the probability that Method A was used we would have to use the following formula:
The probability that Method A was used= (0.75*0.8)/0.8375
The probability that Method A was used=0.716
The probability that Method A was used is 0.716
Answer:
C, Taxes
Explanation:
Tax is the financial levy or charge imposed on an individual by the government to fund its expenditure.
When a product is purchased, the ownership cost of the product does not include tax because a product is not taxable. The income from the product is taxable but not the product itself.
So when purchasing a product, asides from value added taxes which has been included in the product price, there is no continuous tax payment on the product after its been paid for.
Cheers.