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Harlamova29_29 [7]
4 years ago
15

Mr. Zee worked 48 hours during the week ended January 18, 2019. He is paid $12 per hour and is paid time and a half for all hour

s over 40 in a week. He had $100 withheld from his pay for federal income taxes and $20 withheld for health insurance. The combined social security and Medicare tax rate is 7.65%, and the federal and state unemployment tax rates are 0.6% and 3.8%, respectively. All earnings are taxable. What is the net pay for Mr. Zee’s current paycheck?
Business
1 answer:
lapo4ka [179]4 years ago
8 0

Answer:

=$524.81

Explanation:

Net pay = Earning -taxation

Calculating net pay: hour pay x hours worked

 = $12 x 40

 = $ 480

overtime pay =12 +(50/100x12)x 8

  =(12+6)x8

  =144

total earnings = $144+$ 480= $624

less deduction

social and medicare rate = 7.65 percent

federal and state unemployment rate =0.6 +3.8%

total deduction = 7.65 +O.6 + 3.8= 12.05 %

Actual deduction =12.05/100 x 624= 75.19

Net pay = $624- $75.19

 =$524.81

   

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A stock has a market price of $46.10 and pays a $2.40 annual dividend. what is the dividend yield? 4.13 percent 4.84 percent 5.2
hichkok12 [17]
To solve:
Dividend yield = Annual Dividend / Market Price
Dividend yield = $2.40 / $46.10
Dividend yield = 0.0521
Then we are going to multiply by 100 to get the total in a percent
Dividend yield percent = (0.0521)(100)
Dividend yield = 5.21%
6 0
3 years ago
Grear Tire Company has produced a new tire with an estimated mean lifetime mileage of 36,500 miles. Management also believes tha
gladu [14]

Answer:

1. The expected cost of production for each tire sold is $0.013 per tire.

2. Probability that Grear will refund more than $50 for a tire is 0.0107

Explanation;

1. Mileage is 36,500 miles

Standard deviation is 5,000 miles

Observed miles is 30,000 miles

100 miles failed at $1

Therefore;

(36,500 - 30,000) /5,000 = 1.3

To get the cost of production,

Since 100 miles equals $1 if fail

1.3 × 1 / 100

= $0.013 per tire.

2. P(Z<25,000 - 36,500/5,000)

= P(Z<-11,500/5,000)

=Z<2.3

Therefore,

1-0.9893

=0.0107

The probability that Grear will refund more than $50 for a tire is 0.0107

3 0
4 years ago
Allison wants to become an MLO but is unsure about the process in which she must go through to obtain her license. She needs som
ladessa [460]

Answer: See explanation

Explanation:

The steps that Allison must take in order to obtain her mortgage loan originator license include the following:

Step 1. In order to get the license, Allison should be at least 18 years old.

Step 2. Allison should register with Nationwide Mortgage Licensing System and Registry after which she'll get an NMLS number.

Step 3. Allison would then have to finish the 20 hours pre-licensure education aftee which she must pass it by having a score of at least 75%.

Step 4. Allison would then go through a criminal background check if she scores at least 75% and get the credit report.

8 0
3 years ago
If denied a loan, which of the following changes to your application process will not increase your chances of approval when you
fredd [130]

Answer:

a. Apply for a larger loan amount.

Explanation:

In the case when the loan is re-applied after rejecting so if we applying for a larger loan should be rejected even quickly. As if the financial insitution found that the smaller amount loan is been rejected so application made for larger amount of loan should not be helped out for approve. Also there is proper tracking of loans with regard to the customer names

Hence, the option a is correct

6 0
3 years ago
Barry is a lawyer. He owns 10 apartment buildings that are managed by his brother’s real estate business. At the end of the year
Liono4ka [1.6K]

Answer:

<u>$22,500</u>

Explanation:

Note, the applicable tax law in this case states permits an individual who engages in a rental real estate to use up to $25,000 of net losses from the rental real estate activity to offset other their other income.

Since a rental activity is classified as a passive activity, whether or not the taxpayer participates in such activity, the $25,000 rental loss is reduced by 50% of the amount in the case where  Annual Gross Income (AGI) exceeds $100,000. Consequently, since Barry's AGI is  $105,000 ($80,000 + $20,000 + $5,000), which is greater than $100,000, only the amount exceed $100,000 would be reduced by 50%, which is calculated below:

<u>$105,000 – $100,000 × 50% = $2,500, next subtract amount from Barry's $25,000 ($25000-$2,500) = $22,500.</u>

3 0
3 years ago
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