Answer:
Let us assume that the pay rate per hour = x
no. of hours worked = n
Gross earnings = x*n
Federal taxes = 18% of gross earnings
= 0.18(x*n)
State taxes = 4% of gross earnings
= 0.04(x*n)
Social security deduction = 7.05% of gross earnings
= 0.0705(x*n)
Total deductions = Federal taxes + State taxes +SSD
= 0.18(x*n) + 0.04(x*n) + 0.0705(x*n)
= 0.2905(x*n)
Net pay = Gross earnings - Total Deduction
Net pay = x*n - 0.2905(x*n)
Net pay = 0.7095(x*n)
For this case, we observe that the dispersion diagram has a behavior similar to a straight line.
we observe that as the values of x increase, the values of y decrease.
Therefore, the line is of negative slope.
Answer:
Linear
option C
Y=600000(1+1.8%)^(x-2000)
So the population in 2012
Y=600,000×(1+0.018)^(2,012−2,000)
Y=743,232
950 x 13 /100 x 120/365 = $ 40.60. Hope that's helpful.
