FICA or Federal Insurance Contributions Act is composed of social security tax and medicare tax. Hence, we need to add these taxes to get the FICA tax.Social Security Tax is = 6.2%Medicare Tax is = 1.45%
Social Security Tax = 36,038*.062 = 2,234.356 Medicare Tax = 36,038*.0145 = 522.552
2,234.356 + 522.552 = 2,756.907 or 2,756.91
Therefore, Elias paid B.) 2,756.91 as FICA tax for the year.
The aNSWER IS 41..AM I RIGHT?
The amount add to the borrower's monthly payment is $313.33.
Given that lender requires PMI that is 0.8% of the loan amount of $470,000.
A loan's PMI, or personal mortgage insurance, is a type of mortgage insurance used by lenders when making traditional loans such as home loans. A PMI helps cover the loss to the lender (bank) if the borrower stops making monthly mortgage payments on their home loan. Therefore, the PMI can be described as a kind of risk mitigation tool for the bank when the borrower defaults on their EMIs (monthly mortgage payments). So, PMI for a borrower is an additional cost or payment for the borrower on top of his monthly payments i.e. EMI.
Thus, the additional amount of dollars that the borrower has to pay for the PMI on his loan along with his monthly mortgage payments
= Principal Loan amount × (PMI/12)
= $470,000 × (0.8%/12)
= $470,000 × (0.008/12)
= $470,000 × 0.0006666667
=$313.333349
Hence, the additional monthly payment for PMI where lender requires PMI that is 0.8% of the loan amount of $470,000 is $313.33.
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Hello!
The answer for f(x) = sqrt x is the image below. It is neither of these, so check to see if you have more answer choices. (Just make sure to pay attention to the x- and y-values that the graph is plotted on below)
I hope this helps :))
400 because I said so and u are asking me is here is the answer
