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RideAnS [48]
3 years ago
11

Jenna works at the grocery store and earns $9 an hour. She is busy with extracurricular activities and only works 20 hours durin

g the week. However, she picks up an eight-hour Sunday shift once a month, for which she earns "time and a half". Jenna also lives at home and has health insurance under her mom's plan. She is expected to pay for her own car repairs, maintenance and gas, as well as her auto insurance. Her car insurance alone is $1,000 a year. Jenna wants to take a trip to Mexico with her friends next year which will cost $1,500.
Calculate how much Jenna makes a month. Remember, she makes "time and a half" one Sunday each month. How much is her total monthly income?
Business
1 answer:
Vladimir79 [104]3 years ago
5 0

The complete question is:

Jenna works at the grocery store and earns $9 an hour. She is busy with extracurricular activities and only works 20 hours during the week. However, she picks up an eight hour Sunday shift once a month, for which she earns time and a half. Jenna also lives at home and has health insurance under her moms plan. She is expected to pay for her own car repairs, maintenance and gas, as well as her auto insurance, which costs $1,000 a year. Jenna wants to take a trip to Mexico with her friends next year, which will cost $1,500.

*Remember to compute net pay by taking 20% out for taxes*

Answer:

$454.06

Explanation:

Jenna's gross pay for normal weekdays = 20hours * $9 * 4 weeks = $720

Jenna's pay for working Sunday = 8hours * $9 * 1.5 times = $108

Total gross pay = 720 + 108 = $828

Jenna's annual pay = 12 * 828 = $9936

Taxes are at 20% for a year

Net pay after taxes is = 0.8 * 9936 = $7948.80

Salary after Insurance = 7948.80 - 1,000 = $6948.80

Salary after removing funds for trip = 6948.80 - 1500 = $5,448.80

So net monthly income = 5448.80 ÷ 12 = $454.06

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8 0
2 years ago
For a closed economy, GDP is $11 trillion, consumption is $7 trillion, taxes are $2.5 trillion and the government runs a surplus
Alex

Answer:

Option A.

Explanation:

Given information:

GDP = $11 trillion

Consumption = $7 trillion

Taxes = $2.5 trillion

Surplus = $1 trillion

The formula for private saving is

\text{Private saving}=GDP-Tax-Consumption

\text{Private saving}=11-2.5-7

\text{Private saving}=1.5

The formula for national saving is

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3 years ago
The Darwin Company reports the following information that occurred during the current period: Sales commissions expense $15,600
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Answer:

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= $17,200

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Factory rent                                                4,200

Factory utilities                                            1,200

Indirect materials used                               1,200

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