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mote1985 [20]
3 years ago
7

You plan on purchasing a car in the next year. The car that you are interested in lists for $23,000 after taxes, license, and do

c fees. You currently have two-thirds of the vehicles value saved and you get paid $1,312.00 twice a month. Given that monthly expenses total $1,150.12, Social Security is 6.2% of your income, Medicare is 1.45% of your income, and you pay State and Federal taxes in the amount of $53.00 and $101.35, respectively, twice a month, determine in how many months you will have to save for so that you can purchase the car without financing. Round all your answers to the nearest cent. Round your answer to the nearest month. a. 7 months c. 8 months b. 6 months d. 9 months Please select the best answer from the choices provided
Mathematics
1 answer:
oksano4ka [1.4K]3 years ago
6 0

Answer:

c. 8 months.

Step-by-step explanation:

First off let's get the current total of how much we have saved.

2/3 of $23,000 = 15,333.33.

Now we need to get our total salary to calculate for our Social Security and Medicare.

Total Salary : $1312.00 x 2 = $2,624.00

Social Security : 6.2% or 0.062 x 2,624 = $162.69

Medicare : 1.45 or 0.0145 x 2,624 = $38.05

Now that we have our Social Security and Medicare, we can then solve for our taxes.

Taxes: $53 + $101.35 = 154.35 x 2 = $308.7

Now we can add our monthly expenses to the other expenses.

Monthly Expenses : $1,150.12

1,150.12 + 162.69 + 38.05 + 308.7

= $1659.56 Total Expenses.

Now that we have our total expenses we simply subtract it to our monthly salary.

2624.00-1659.56

= $964.44 Extra Money Monthly

Now we proceed to solve for how much more we need to make the total payment.

23000 - 15,333.33

= 7666.67

Now that we have out total balance, we just need to divide the balance to our extra money monthly.

7666.67 / 964.44

= 7.949 Months or 8 Months

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Answer:

a. 1/10 or 10%

b. 1/2 or 50%

Step-by-step explanation:

Since the combination of machines 1, 2 and 3 produce 100% of the total output when added together, then the probability of choosing a bolt at random that is defective is: 5 + 2 + 3 = 10% out of 100% or 10/100, which is 1/10 or 10%.

If the bolt that is choosen at random is defective, than the probability that it came from machine 1 is 5/10 or 1/2 which is also 50%.

3 0
3 years ago
Find the 78th term of the arithmetic sequence –4,-2,0,...
MArishka [77]

The number is increasing by 2 every time.

78 x 2 = 156

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8 0
3 years ago
Find the slope of (-9,18),(-13,5)
Jet001 [13]

Answer:

3.25

Step-by-step explanation:

The slope formula is slope = y2 - y1 / x2 - x1 and the variables are found by assigning them with their corresponding values. Here, x1 = -9, x2 = -13, y1 = 18, and y2 = 5. Next, substitute these values in and get 5 - 18 / -13 - (-9). This can fully simplify to 13 / 4 or 3.25.

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Renting a canoe costs $5.00 per hour for each adult and $2.50 per hour for each child. One adult and two children decide to rent
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Answer:

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Step-by-step explanation:

Let

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t----> the time in hours

we know that

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