The amount that will be taken off the pay check for the 401k retirements plan given all the criteria indicated above is $38.82 (Option D)
<h3>What is the computation justifying the above?</h3>
Given:
Pay Per Hour: $10.25
Bonus: $15.375 for every hour worked over forty hours.
Total Hour worked: 47 Hours
Percentage deductible: 7.5%
Total Pay thus =
(40 *10.25) + (7 *15.375)
= $517.625
Total 401 K deduction thus, =
7.5% * 517.625
401K Deduction total = $38.82
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Full Question:
You make $10.25 per hour. You have 71/2% of your total pay taken out of your check for your 401K retirement plan. How much will be taken out for your 401K if you work 47 hours this week? You get paid time-and-a-half for all hours over 40.
Select one:
A. $36.13
B. $69.02
C. $54.20
D. $38.82
E. $14.35
Answer:
Houghton Mifflin Company . . . 2002 . . . Robert Overholtzer
Explanation:
A well-known publisher named "Houghton Mifflin Company" published and issued a book known as 'Courage for the earth'. Since year 2oo2 the book was written and composed by the great writer of the books known as Robert Overholtzer. He use to be passionate about writing books for humankind, his thinking was to guide humankind through his books. So this is also one of the book that had been written by him.
Net pay is how much you made in a year after taxes YTD Net pay is how much you've made from January to the last day of the pay period before taxes
There are several first mover advantages including:
-Brand recognition: better chance of being recognized if you were the first to do something
- Economies of Scale: learn how to perfect and grown in the market before other competitors come along
-Switching costs: when customers are established with the first brand they are less likely to want to spend the money to switch to a new competitor
Answer:
A. 34.2%
B. 4.5%
C. 8.1%
D.10.64%
Explanation:
a) Calculation to determine Gross margin percentage
Using this formula
Gross margin percentage = Gross profit/Net Sales
Let plug in the formula
Gross margin percentage= 27000/79000
Gross margin percentage = 34.2%
b) Calculation to determine Net profit margin
Using this formula
Net profit margin = Net income/Net Sales
Let plug in the formula
Net profit margin = 3540/79000
Net profit margin = 4.5%
c) Calculation to determine Return on assets
Using this formula
Return on assets = (Net income+Interest expense)/Average total assets
Let plug in the formula
Return on assets = (3540+360)/48120
Return on assets= 8.1%
d) Calculation to determine Return on equity
Using this formula
Return on equity
= Net income/Average equity
Let plug in the formula
Return on equity = 3540/33270
Return on equity =10.64%
