Given that Janice monthly salary is $2,396. And she has deductions of federal income tax withheld at the rate 15%, social security tax at the rate of 6.2% and medicare tax at the rate of 1.45% and health insurance premium worth 95$ per month.
Let us calculate total deductions.
Federal income tax = 15% of 2396 = 0.15*2396 =$359.4
Social security tax = 6.2% of 2396=0.062*2396 =$148.552
Medicare tax = 1.45% of 2396= 0.0145*2396=$34.742
<u>health insurance premium =$95 </u>
Total deductions = $637.694
To calculate Janice net pay we have to subtract deductions from monthly salary that is 2396-637.694 = $1758.306
Hence net pay of Janice is $1758.306 per month.
Answer:
The answer is "Option A"
Step-by-step explanation:
The valid linear programming language equation can be defined as follows:
Equation:
The description of a linear equation can be defined as follows:
It is an algebraic expression whereby each term contains a single exponent, and a single direction consists in the linear interpolation of the equation.
Formula:
<span>Total = Principal × ( 1 + Rate )<span>^years
</span></span><span>Total = 150,000 * (1.055) ^ 30
</span>Total = 150,000 *
<span>
<span>
<span>
4.9839512884
</span></span></span>Total =
<span>
<span>
<span>
747,592.69</span></span></span>
<span>Total = 150,000 * (1.065) ^ 30
</span><span><span><span>Total = 150,000 * 6.614366163
</span>
</span>
</span>
<span>Total = 992,154.92</span>
Difference = 992,154.92 -<span>747,592.69 =
</span><span>244,562.23
</span>
Source:
http://www.1728.org/compint.htm
online interest calculator
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→
→
%</h3><h3>
→
→
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is:
because
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