Answer:
#1) D.$623.52 ; #2) D.17.1
; #3) B.II and III
; #4) C.A greater availability of ATM's may make it easier to do bank transactions. Someone may choose this availability over a higher savings interest rate; #5) B.Bank E offers you a chocolate bar for filling out an application for checking and credit at the same time; #6) D.Make purchases or get cash now, and pay back the bank in monthly payments; #7) T; #8) B.Thursday
; #9) B.$1,545.83
Step-by-step explanation:
#1) 6.2% of her gross pay would be
0.062(765) = $47.43.
1.45% of her gross pay would be
0.0145(765) = 11.09
22% of the state tax withheld would be
0.22(68) = 14.96
This means her gross pay would be
765-68-47.43-11.09-14.96 = $623.52
#2) The employee benefits in addition to his gross pay would be
33500-28600 = 4900
This makes it
4900/28600 = 0.17 = 17% of his pay.
#3) Knowing where branches or ATMs are is helpful when choosing a bank. Additionally knowledge of personal usage habits and needs will help plan where best to bank.
#4) Having more ATMs available makes banking more convenient to some customers, which is more important to some customers than high interest rates.
#5) Having a chocolate bar offered for filling out an application for checking and credit is not a good reason to examine that given bank.
#6) You cannot "borrow" against a traditional checking account and then pay it back later.
#7) An ATM withdrawal is a POS (point of sale) transaction.
#8) At the end of the day Monday, Elizabeth has
252-114.6+150 = $287.40
At the end of Tuesday she has
287.40-79.68 = $207.72
At the end of Wednesday she has
207.72-161.39 = $46.33
At the end of Thursday she has
46.33-57.40 = -11.07
This is her first overdraft.
#9) Adding together the list of items deposited we have
13.50+942.06+75.53+670.14 = 1701.23
Taking out the cash he receives gives us
1701.23-155.40 = $1545.83
