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jasenka [17]
3 years ago
10

An employee earns $24 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. If the employee worked 50 h

ours during the week. Assume that the social security tax rate is 6.0%, the Medicare tax rate is 1.5%, and the employee’s federal income tax withheld is $304.
a. Determine the gross pay for the week. $ If applicable, round your final answer to two decimal places.
b. Determine the net pay for the week.
Business
1 answer:
Anettt [7]3 years ago
3 0

Answer:

a. Gross pay = $1,320

b. Net pay = $917

Explanation:

a. Determine the gross pay for the week. $ If applicable, round your final answer to two decimal places.

Pay for 40 hours = 40 * $24 = $960

Pay for excess of 50 hours = (50 - 40) * $24 * 1.5 = $360

Gross pay = $960 + $360 = $1,320

b. Determine the net pay for the week.

Net pay = $1,320 - ($1,320 * 6.0%) - ($1,320 * 1.5%) - $304 = $917.

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Good Time Company is a regional chain department store. It will remain in business for one more year. The probability of a boom
ella [17]

Answer:

a. $95 million

b. 26.5%

c. 78.6%

Explanation:

a. It is projected that the company will generate a total cash flow of $95 million in a recession.  The bondholders expect to receive a payoff of $95 million.

b. The promised return is the company's required debt payment at the end of the year ($129 million) and the (\frac{expected debt value}{market value of the company’s outstanding deb}) - 1t ($102 million).

Promised return = (\frac{company's required debt payment at the end of the year}{market value of the company’s outstanding debt}) - 1

Promised return = (\frac{129 million}{102 million}) - 1

Promised return = 0.2647 ≈ 0.265

The promised return on the company's debt is 0.265 or 26.5%

c. The expected return is the company's expected debt value and the current market value of the company’s outstanding debt ($102 million). We will need to find the company's expected value of debt since it is unknown.

expected debt value = (Probability of a boom year* cash flow of boom year) + (probability of a recession year * cash flow of recession year)expected debt value = (80% ×$204 million ) + ( 20% × $95 million)

expected debt value = (0.8 ×$204 million ) + ( 0.2 × $95 million)

expected debt value = ($163.2 million ) + ($19 million)

expected debt value = $182.2 million

We can now determine the expected return.

The expected return =  (\frac{expected debt value}{market value of the company’s outstanding debt}) - 1

expected return = (\frac{182.2 million}{102 million}) - 1

Expected return = 0.7863 ≈ 78.6%

The expected return on the company's debt is 78.6%

4 0
3 years ago
Which of the following functions is most closely connected with the CPSC?
Alecsey [184]
The answer  is A- ensuring product safety and setting safety standards
5 0
3 years ago
Read 2 more answers
Some economists observe that higher profit rates in large oligopolies stem from the greater efficiency arising from _____ in the
Natasha2012 [34]

Some economists study that higher income rates in massive oligopolies stem from the greater performance bobbing up from economies of scale in these large companies.

Oligopoly traits include high barriers to new entry, fee-setting ability, the interdependence of companies, maximized revenues, product differentiation, and non-charge opposition.

Oligopolies motivate good sized Inefficiencies – to the Detriment of purchasers. part of the cause a few economists are hesitant to simply accept the market electricity explanation is the scarcity of facts that lets in them gauge the intensity of competition among corporations.

A competitive situation in which there are only some dealers (of products that may be differentiated but no longer to any great volume); each vendor has a high percentage of the market and can not afford to ignore the actions of the others.

Learn more about oligopolies stem here: brainly.com/question/3005866

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4 0
1 year ago
What website would be the best to use to find the best steakhouse near your home?.
Volgvan
Answer:
Just use G maps and search stakehouse.

Explanation:

8 0
2 years ago
Read 2 more answers
A market has four individuals, each considering buying a grill. Assume that grills come in only one size and model. Martina cons
artcher [175]

Answer:

Martina

Javier :

Kama

Explanation:

The people that would participate in the market are those whose willingness to pay is higher than the market price for the grill.

The willingness to pay is the highest amount a person would be willing to pay for a good

Martina : $400 > $300  would participate

Javier : $350 > $300 would participate

Kama : $320 > $300 would participate

Lina : $200 < $300 would not participate

5 0
3 years ago
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