1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nostrana [21]
3 years ago
5

Your gross income is $4,520.00/month. Your deductions are FICA (7.65%), federal tax withholding (11.75%), and state tax withhold

ing (8.5%). Your fixed expenses are 30% of your realized income. You saved 5 months' worth in an emergency fund, placing 75% in a 60-day CD at a 5.25% APR and the rest in a regular savings account at a 3.8% APR. What is the total amount of your emergency fund?
Mathematics
2 answers:
Sonja [21]3 years ago
8 0

Answer:

$11,406.20

Step-by-step explanation:

7.65% of 4520 is

0.0765(4520) = 345.78.  This is what is withheld for FICA.

11.75% of 4520 is

0.1175(4520) = 531.10.  This is what is withheld for federal tax.

8.5% of 4520 is

0.085(4520) = 384.20.  This is what is withheld for state tax.

This leaves 4520-(345.78+531.10+384.20) = 3258.92 for realized income.

Your fixed expenses are 30% of this; this means you keep 100-30 = 70% of your realized income.  This is

0.7(3258.92) = 2281.24.  This is the monthly amount you have after fixed expenses.

This means 5 months' worth is 5(2281.24) = 11460.20.


melamori03 [73]3 years ago
7 0
1st we need to calculate the take-home net monthly income, 2nd deduct 30% expenses then × 5 mos, then last calculate the rates for emergency fund (EF).

1) $4,520.00/month - [4520 × (FICA (7.65%) + federal tax (11.75%) + state tax (8.5%))]
= 4520 - [4520 × 0.279] = 4520 - 1261.08
= 3258.92

2) less 30% expenses every month = 3258.92-(3258.92×0.30) = 3258.92×0.70 = 2281.24,
2281.24 × 5 mos = 11,406.22

3) EF = CD + savings acct
75% of 11,406.22 = 8554.67 in 60-day CD
25% × 11,406.22 = 2851.56 in savings acct

If they want to know what this EF is at a certain point in the future, that should have been asked. Otherwise the beginning total amt of the EF after saving for 5 mos = $11,406.22
You might be interested in
NEED HELP ASAP I WILL MARK YOU BRAINLIST
kirza4 [7]

Answer:

The correct answer is: Option H: 14.4 units

Step-by-step explanation:

CD is a line segment and let M be the mid-point of the line segment.

As we know that a mid-point divides the line in two equal parts, this means that the length of line segment will be the double of distance between one end and mid-point

Given

C( 2,-1) => (x1,y1)

M(8,3) => (x2,y2)

The distance formula is given by:

d = \sqrt{(x_2-x_1)^2+(y_2-y_1)^2}

Putting the values

|CM|= \sqrt{(8-2)^2+(3-(-1))^2}\\|CM| = \sqrt{(8-2)^2+(3+1)^2}\\= \sqrt{(6)^2+(4)^2}\\=\sqrt{36+16}\\=\sqrt{52}\\= 7.211

We know that

CD = 2CM\\CD = 2 * 7.211\\CD = 14.422\\CD = 14.4

Hence,

The correct answer is: Option H: 14.4 units

3 0
2 years ago
(3ײ+5y²)³=<br><br> (2y³-×5)²=
irakobra [83]
First one:
(3x^2+5y^2)^3
Step 1: Use the binomial theorem to expand
(3x^2)+3(3x^2)^2(5y^2)+3(3x^2)(5y^2)2+(5y^2)^3
Step 2: Simplify each term
27(x^2)^3+3(3x^2)^2(5y^2)+3(3x^2)(5y^2)^2+(5y^2)^3
Step 3: Multiply the exponents
27x^6+27x^4(5y^2)+3(3x^2)(5y^2)^2+(5y^2)^3
27x^5+135x^4y^2+3(3x^2)(5y^2)^2+(5y^2)^3
Keep going to get the final answer:
27x^6+135x^4y^2+225x^2y^4+125y^6

2nd question: (2y^3-5x)^2
Do the same thing...step by step
Answer: 4y^6-20xy^3+25x^2
7 0
3 years ago
Can somebody please help me with this math question
Travka [436]

Answer:

80 is what I got

Step-by-step explanation:

8 0
2 years ago
PLS HELP GUYS PLSSSS !!!!
solong [7]

Answer:

Step-by-step explanation:

18/12 = 24/(x-2) Put the similar sides in the propertions.

5 0
2 years ago
Determine the slope intercept form of the equation of the line parrell to y=-4/3x+11
olasank [31]
M = -4/3 (slope stays the same)
so y= -4/3x + b
b = y intercept
without a point on the line I can’t figure out what exact line you were looking for but that equation with any value as b will give you a line parallel to the original.
7 0
3 years ago
Other questions:
  • 12 inch candle and 18 inch candle lit at 6 pm . 12 inch candle burns 0.5 inch every hour . 18 inch candle burn 2 inch every hour
    9·1 answer
  • What value of x is in the solution set of 8x – 6 &gt; 12 + 2x?
    6·2 answers
  • The circumfrence of a circle is 188 meters. what is the approximate radious of the circle???
    5·2 answers
  • The sum of two numbers is 170, and their difference is 110. Which is the greater of the two numbers?
    7·2 answers
  • Please help I need this paper finished by tonight please help
    10·1 answer
  • What is the solution to the system?<br><br> X+y+z=2<br> 2x+y-z=-1<br> X=5-2z
    13·1 answer
  • Бах — 4y = 152<br> 3-76<br> y =
    6·1 answer
  • Please help me I havent found answers any where and dont know how to do this. Help me please. I have posted this once and it see
    6·1 answer
  • In the last 150 years, the average height of people in the industrialized nations has increased by 1/3 foot. Today, American men
    11·1 answer
  • What is the name given to these numbers 1,3,6,10,15
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!