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3 years ago

Jennas employer deducts 0.2 times her wages for payroll taxes.How much is her net income when her gross income is $580?

Mathematics

1 answer:

marin [14]3 years ago

8 0

Answer:

Net income = $464

Step-by-step explanation:

The tax paid = 580 *2/10 = $116

The gross income = $580

Net income = gross income - tax

= $580 - $116 = $464

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Jimmy invests $2500 in an account with a 5% interest rate, making no other deposits or withdrawals. What will Jimmy’s account ba

Alik [6]

Answer:

We conclude that the total amount accrued, principal plus interest, from compound interest on an original principal of $2500 at a rate of 5% per year compounded 6 times per year over 8 years is $3723.38.

Step-by-step explanation:

Given

Principle P = $2500

Interest rate r = 5% = 0.05

Time period t = 8 years

To determine

Accrue Amount A = ?

Using the compound interest equation

$A\:=\:P\left(1\:+\:\frac{r}{n}\right)^{nt}$

where:

A represents the Accrue Amount

P represents the Principal Amount

r represents the interest rate

t represents the time period in years

n represents the number of compounding periods per unit t

Important tip:

Given that the interest is compounded 6 times each year, therefore, the value of n = 6.

now substituting P = 2500, r = 0.05, t = 8 and n = 6 in the equation

$A\:=\:P\left(1\:+\:\frac{r}{n}\right)^{nt}$

$A=2500\left(1+\frac{0.05}{6}\right)^{\left(6\right)\left(8\right)}$

$\:A=2500\left(1+\frac{0.05}{6}\right)^{48}$

$A=2500\times 1.48935$ ∵ $\left(1+\frac{0.05}{6}\right)^{48\:\:}=1.48935$

$A=\:3723.38$ $

Therefore, we conclude that the total amount accrued, principal plus interest, from compound interest on an original principal of $2500 at a rate of 5% per year compounded 6 times per year over 8 years is $3723.38.

8 0

2 years ago

Sheila purchased ski equipment for $513 using a six-month deferred payment plan. The interest rate after the introductory period

klemol [59]

$65 * 6 = $390 total monthly payments made

The downpayment made is $125, so the total balance at the end is:

balance = $513 – ($125 + $390)

balance = - $2

<span>There is an excess of 2 dollars at the end.</span>

4 0

3 years ago

Hello fellow Brainliers. I was wondering if anyone out there would like to go to school for me during the next school year and a

deff fn [24]

Answer:

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6 0

2 years ago

Each letter of the word "thunderstorm" has been written on a separate slip of paper and put into a box. Find the probability of

xxTIMURxx [149]

SOLUTION

From the question, we want to find the probability of selecting a slip of paper with the letter t on it, then selecting the letter r, with replacement.

This means the probability of selecting t and r.

That is

$P(t)\times P(r)$

There are 12 letters (total outcomes). And there are 2r and 2t.

So probability becomes

$\begin{gathered} \frac{possible\text{ outcome}}{\text{total outcome }} \\ P(t)=\frac{2}{12} \\ P(r)=\frac{2}{12} \\ P(t)\times P(r)=\frac{2}{12}\times\frac{2}{12} \\ =\frac{1}{6}\times\frac{1}{6} \\ =\frac{1}{36} \end{gathered}$

Hence the answer is

$\frac{1}{36}$

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1 year ago

2+2(560)+5638+163936

dmitriy555 [2]

170696 is the answer fellow user

8 0

3 years ago

Read 2 more answers