1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Radda [10]
3 years ago
11

Stacy, a self-employed accountant, currently earns $100,000 annually. Stacy has been able to save 18% of her annual Schedule C n

et income. Assume that Stacy paid $11,000 in Social Security taxes, and that she plans to pay off her mortgage at retirement, thereby relieving her of her only debt. Stacy presently pays $1,500 per month toward the mortgage. Based on the information provided herein, what do you expect Stacy’s wage replacement ratio to be at retirement?
Business
1 answer:
Vlad [161]3 years ago
3 0

Answer:

Wage Replacement Ratio = $53,000 / $100,000 = 53%

Explanation:

Total Mortgages = $1,500 x 12 = $18,000

                                           Dollar Value               Percentage

Salary                                       $100,000                             100%

Less: Self-Employment Taxes (11,000)                              (11%)

Less: Savings                                 (18,000)                              (18%)

Less: Mortgage Payments         (18,000)                              (18%)

                                               $ 53,000                               53%

Wage Replacement Ratio = $53,000 / $100,000 = 53%

You might be interested in
Which does the following illustrate?
Yakvenalex [24]
Job environment how it looks and feels<span />
5 0
3 years ago
Read 2 more answers
Monmouth Inc.'s stock has a 30% chance of producing a 20% return, a 30% chance of producing a 10% return, and a 40% chance of pr
otez555 [7]

Answer:

Expected rate of return is 13%

Explanation:

Using the expected values method:

Expected Rate of return = Chance 1 * Outcome 1  + Chance 2 * Outcome 2 + Chance 3 * Outcome 3 + ................... Chance n * Outcome n

So by putting values, we have:

Expected Rate of return = 30% * 20% + 30% * 10% + 40% * 10%

Expected Rate of return = 6% + 3% + 4% = 13%

So the expected rate of return using the expected value method is 13%

3 0
3 years ago
Read 2 more answers
Molly sells bracelets to Jean's Place, a boutique store. Molly is scheduled to deliver 100 bracelets on July 1. On June 15, Jean
BabaBlast [244]

Answer: False

Explanation:

The contract is such that Molly agreed to bring bracelets if Jean would pay for said bracelets.

The terms of the contract therefore are that Jean would pay and Molly would deliver. Jean then calls Molly and says that they will be unable to pay which means that they are not going to be able to hold up their responsibilities in the contract.

Molly has the right to then cancel the contract because the other party will not be able to perform their obligations and face no repercussion for it.

6 0
3 years ago
Now that you have studied monopolistic competition, let's see how well you can distinguish a firm in a monopolistically competit
vlabodo [156]

Answer:

<u>Monopolistic Competition:</u>

4. a firm that faces a downward sloping demand curve.

<u>Perfect Competition:</u>

1. a firm that produces with excess capacity in

3. a firm that may earn in an economy profit or loss in the short run

5. a firm that that maximizes profits profit in the long by producing where MR = MC

<u>Both:</u>

2. a firm that has a firm that sets price greater than marginal cost.

Explanation:

7 0
4 years ago
Ford and Xeroc are two companies that have begun moving away from strict job specialization to alleviate employee motivation pro
lozanna [386]

Answer: E) Rotation

Explanation:.

Job Rotation technique is a technique where workers are shifted between two or more positions or functions at regular intervals. It is a technique used to test the employee skills and competencies in order to place employees at the right position and it also help to reduce the monotony of the job and gives employees a wider experience and motivate employee when they perform different job functions at intervals.

Job rotation technique helps to reduce the boredom of doing same type of job everyday.

6 0
3 years ago
Other questions:
  • Your typical markup for merchandise is 40%. Your cost on an item is $8.00 . Calculate the selling price
    10·1 answer
  • A. Monique balls is paid an hourly rate of $17.63 for a regular time work. What will her time and a half hourly rate for overtim
    15·1 answer
  • Which of the following is an advantage of a sole proprietorship? A. It is easy to expand if it succeeds B. It faces few governme
    6·1 answer
  • Suppose that the demand for loanable funds for car loans in the milwaukee area is $10 million per month at an interest rate of 1
    14·1 answer
  • A company is going to issue a $1,000 par value bond that pays a 5% annual coupon. The company expects investors to pay $684.5 fo
    14·1 answer
  • In order for the economy to be strong, businesses must? A.produce goods and pay workers B.provide labor and pay workers C.Produc
    15·1 answer
  • Multinational transfer prices are sometimes influenced by restrictions that some countries place on the repatriation of profits
    15·1 answer
  • What is it called when a customer pays for an item in installments but doesn't
    7·2 answers
  • The Rob Wallace Corporation has a sales budget for next month of $400,000. Cost of goods sold is expected to be $250,000. All go
    14·1 answer
  • Each of the following, except one, is a condition that characterizes a perfectly competitive labor market. Which is the exceptio
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!