All categories

3 years ago

Tate's annual salary is $36,460 paid twice each month. How much is

Business

1 answer:

Kazeer [188]3 years ago

8 0

Answer:

$93

Explanation:

Social security tax is a constant figure of 6.2% for each paycheck.

Tate's annual pay is $36,000. If she is paid twice per month, it means she has 24 paychecks. ( 12 months x 2 payments).

For each payment, she receives, $36,000 divide by 24 paychecks

=$36,000 /24

=$1500

Amount withheld for each paycheck is

=6.2% of $1500

=6.2/100 x 1500

=0.062 X 1500

=$93

You might be interested in

Compute the Z-scores for the second observation of the following data values: X: 462 490 350 294 574

skelet666 [1.2K]

Answer:

0.5

Explanation:

Zscore = (x - mean) / standard deviation

Given the data:

X : 462 490 350 294 574

The second observation = 490

The mean and standard deviation of the data could be obtained using a calculator :

Mean = 434

standard deviation = 112

ZSCORE = (490 - 434) / 112

ZSCORE = 56 / 112

ZSCORE = 0.5

8 0

3 years ago

Before attempting to lift any material, _________.

andre [41]

Check its weight. Then it will be easier for us

4 0

4 years ago

Jefferson Handyman Services has total assets for the year of $ 15 comma 400 and total liabilities of $ 8 comma 680. Requirements

Novay_Z [31]

Answer:

1. $6,720

2. $17,530

Explanation:

In this question, we use the accounting equation which is shown below:

Total assets = Total liabilities + Stockholder's equity

1. The equity value is computed by

$15,400 - $8,680 = Stockholder's equity

So, stockholder equity is $6,720

2. Since assets is assets is increased by $5,000 and the equity is decreased by $3,850

So, updated assets = $15,400 + $5,000 = $20,400

And, the updated equity is $6,720 - $3,850 = $2,870

So, the total liabilities equal to

= $20,400 - $2,870

= $17,530

3 0

3 years ago

A company reported net income of $6 million. During the year the average number of common shares outstanding was 3 million. The

malfutka [58]

Answer:

The EPS is approximately:

it can be any of them:

if preferred dividends = $4,800,000, then EPS = $0.40 (option A)
if preferred dividends = $720,000, then EPS = $1.76 (option B)
if preferred dividends = $0, then EPS = $2 (option D)

EPS = (net income - preferred dividends) / outstanding shares = ($6,000,000 - preferred dividends) / 3,000,000 shares

The Price/Earnings ratio is approximately:

if EPS = $0.40, then PE ratio = 12.5 (option D)
if EPS = $1.76, then PE ratio = 2.84 (option C)
if EPS = $2, then PE ratio = 2.5 (option B)

Price/earnings (PE) ratio = share price / EPS = $5 / EPS

EPS cannot be $1.80, since PE ratio = 2.78 and that is not an option.

Some companies have a higher share price for the same level of earnings. Why?

Some stocks like Amazon have a very low EPS, form any years its EPS was very low bu its stock price kept rising. The stock price is based mostly on potential future earnings, not current earnings. A company that is being liquidated might have a high EPS, but a very low stock price since it will stop operating soon.

7 0

3 years ago

Isaiah is in his 50s and currently does not have a retirement fund. However, he recently read a few articles about the insuffici

leonid [27]

Answer:

Future Value= $158,475.64

Explanation:

Giving the following information:

He saves $500 per month for 15 years and earns 7% by investing in the stock market through an index fund.

I assume we have to determine the value of the investment at the time of retirement.

<u>We need to use the following formula:</u>

FV= {A*[(1+i)^n-1]}/i

A= monthly deposit= 500

n= 15*12= 180

i= 0.07/12= 0.005833

FV= {500*[(1.005833^180) - 1]} / 0.006833

FV= $158,475.64

4 0

3 years ago