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Dahasolnce [82]
3 years ago
14

Roland Purcell, a technical writer, has a gross monthly income of $2,400. His earnings to date for this year are $24,000. How mu

ch is deducted this month for Social Security? How much for Medicare? ​
Business
1 answer:
kipiarov [429]3 years ago
7 0

Answer:

Deduction for Social Security = $0

Deduction for Medicare = $348

Explanation:

Given:

Annual income = $24,000

Find:

Deduction for Social Security

Deduction for Medicare

Computation:

Deduction for Social Security is 6.2 % over $84,900.

So,

Deduction for Social Security = $0

Deduction for Medicare is 1.45%

Deduction for Medicare = $24,000 × 1.45%

Deduction for Medicare = $348

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Atlas Corp. is considering two mutually exclusive projects. Both require an initial investment of $10,000 at t = 0. Project S ha
snow_lady [41]

Answer:

A) $56.5

Explanation:

Data:

Project S

Initial cost $10,000

Y1 CF = $6,000

y2 CF = $8,000

Project L

Initial Investment = $10,000

Y1-Y4 CF = $4,373

Solution:

<u>For Project S</u>

We shall prolong the project to four years so it can be easily compared to project L

Following shall be the cashflow stream:

Y0=-$10,000  Y1=$6,000  Y2=-$2,000($8,000 CF - $10,000 outlay for prolonging the project second time)  Y3=$6,000  Y4=$8,000

Now to discount the cashflow

NPV=-10000/(1+0.0925)^0+6000/(1+0.0925)^1-2000/(1+0.0925)^2+6000/(1+0.0925)^3+8000/(1+0.0925)^4

NPV=4033.40

<u>For Project L</u>

In order to calculate present value of the annuity, following formula will be used:

PV=PMT(1+(1/(1+r)^n)/r

<em>NPV = Initial outlay - PV</em>

4373(1+(1/(1+0.0925)^4)/0.0925=14089.9

NPV=-10000+14089.9

NPV=4089.9

Now, we can easily calculate how much value will the firm gain or lose if Project L is selected over Project S

Value=NPV(L)-NPV(S)

Value=4033.40-4089.90

Value=56.50

<em>*all figures are rounded off to two decimal points*</em>

7 0
3 years ago
Which diagram arranges the types of business organizations from the most
Zinaida [17]
Can you show the diagram
3 0
3 years ago
Read 2 more answers
Suppose an assistant professor of economics is earning a salary of $75,000 per year. One day she quits her job, sells $100,000 w
Akimi4 [234]

Answer:

Economic profit  $10,000

Explanation:

Income earned as an assistant professor = Salary + Interest on bonds = 75000 + 5% on 100,000 = 75000 + 5000

Income earned as an assistant professor = $80,000

Income from the bookstrore = $90,000

In calculating economic profit, opportunity costs are deducted from revenues earned.

Economic profit = $90,000 - $80,000 = $10,000

4 0
3 years ago
A company increases the price of its clock radios by 10 percent and the company's total receipts fall significantly. What term b
Galina-37 [17]

Answer:

Price elasticity of demand Relation

Explanation:

The reason is that the price and demand are inversely proportional to each other. If the price of the product increases the demand of the product will decrease and vice versa. So this means that if the organization wants to generate maximum profit then it will have to set a price that generate maximum demand which means which generates maximum profit. The Bugatti is very expensive and the result is that very fewer people own it in the world but the Mercedes with an above average price has customers in millions, Honda has more than million customers because it is priced average. So the thing is that the pricing matters in deciding how much of the total customers you want.

3 0
2 years ago
Irene wants to make a copy of a housing design from a magazine. Which tool does she require? A.
luda_lava [24]

Answer:

B

Explanation:

Had the same question and it was the correct answer

5 0
2 years ago
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