Answer:
Let us assume that the pay rate per hour = x
no. of hours worked = n
Gross earnings = x*n
Federal taxes = 18% of gross earnings
= 0.18(x*n)
State taxes = 4% of gross earnings
= 0.04(x*n)
Social security deduction = 7.05% of gross earnings
= 0.0705(x*n)
Total deductions = Federal taxes + State taxes +SSD
= 0.18(x*n) + 0.04(x*n) + 0.0705(x*n)
= 0.2905(x*n)
Net pay = Gross earnings - Total Deduction
Net pay = x*n - 0.2905(x*n)
Net pay = 0.7095(x*n)
Answer:
$14,277.80
Step-by-step explanation:
The standard formula for compound interest is given as;
A = P(1+r/n)^(nt) .....1
Where;
A = final amount/value
P = initial amount/value (principal)
r = rate yearly
n = number of times compounded yearly.
t = time of investment in years
For this case;
P = $7,400
t = 8 years
n = 4 (quarterly)
r = 9.5% = 0.095
Using equation 1.
A = $7,400(1+0.095/4)^(4×7)
A = $7,400(1.02375)^(28)
A = $7,400(1.929432606035)
A = $14,277.80
final amount/value after 8 years A =$14,277.80
This question was already answered this is what the other person got.
Let x be the number of CDs we buy and y the number of CDs we sell.
Each CD sell for $1.5, then the total of money we earn is $1.5y.
Each CD bought for $5, then the total money spent is $-5x
Add the above values like this:
1.5y-5x
We have $20, add them like this:
1.5y-5x+20
Since we want to have<span> at least $10 left when you leave the store, then
we deduce the equation:
</span>