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3 years ago

Total pay before deductions is known as

2 answers:

8 0

Total pay before deductions is known as Gross pay.It includes including allowances, overtime pay, commissions, and bonuses, and any other amounts, before any deductions are made.The employee will only have access to net pay for the purpose of paying bills, rent, etc.

Gemiola [76]3 years ago

6 0

I believe the answer is: Gross pay

When employees receive their monthly salaries, the amount that they receive is already deducted by the federal government as tax payment or by company's healthcare and pension plan.
The gross pay is the amount of money that the employees would receive if they do not have to pay for any of that stuff.

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Amy wants to invest money for two years. She doesn’t know which investment is best for her. What should Amy do?

astra-53 [7]

Answer:

She should become more knowledgeable by talking with a financial adviser, reading books, or by taking a class.

Explanation:

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3 years ago

Interest rates are expressed as a percentage of ?

Mashcka [7]

Answer:

The interest rate is the amount a lender charges a borrower and is a percentage of the principal—the amount loaned. The interest rate on a loan is typically noted on an annual basis known as the annual percentage rate (APR).

Explanation:

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2 years ago

PLEASE HELP ME!!! How are mental, physical, and financial health related? Three sentences

cricket20 [7]

Answer:

They are related because all of the heaths are commonly linked to anxiety and depression. So when a person is financially struggling they can have anxiety which affects their mental health which affects there want to be physical which makes their physical health bad. So all of these are linked together so if one is bad then the others are sure to become bad too.

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3 years ago

Consider a basket of consumer goods that costs $60 in the United States. The same basket of goods costs NOK 40 in Norway. Holdin

Helen [10]

Answer:

4.5 and 3

Explanation:

We know that

Real exchange rate = Nominal exchange rate × (Cost of the basket in US ÷ Cost of the basket in Norway)

So according to this formula, the computation is shown below

When the nominal exchange rate is 3, then the real exchange rate would be

= 3 × (60 ÷ 40)

= 4.5

When the nominal exchange rate is 2, then the real exchange rate would be

= 2 × (60 ÷ 40)

= 3

7 0

4 years ago

Your child is planning attend summer camp for 3 months, starting 12 months from now. The cost for camp is $2,676 per month, each

Vinil7 [7]

Answer:

Monthly deposit= $2,625.16

Explanation:

Giving the following information:

Total cost= 2,676*3= $8,028

Monthly interest rate0 0.023/12= 0.00192

First, we need to calculate the nominal value required at the end of the third month:

PV= FV / (1 + i)^n

FV= 8,028

i= 0.00192

n= 9 months

PV= 8,028 / (1.00192^9)

PV= $7,890.6

Now, the monthly investment to reach $7,890.6:

FV= {A*[(1+i)^n-1]}/i

A= monthly deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

A= (7,890.6*0.00192) / [(1.00192^3) - 1]

A= $2,625.16

5 0

3 years ago