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Tema [17]
3 years ago
11

You plan on purchasing a car in the next year. The car that you are interested in lists for $23,000 after taxes, license, and do

c fees. You currently have two-thirds of the vehicles value saved and you get paid $1,312.00 twice a month. Given that monthly expenses total $1,150.12, Social Security is 6.2% of your income, Medicare is 1.45% of your income, and you pay State and Federal taxes in the amount of $53.00 and $101.35, respectively, twice a month, determine in how many months you will have to save for so that you can purchase the car without financing. Round all your answers to the nearest cent. Round your answer to the nearest month.
a.
7 months
c.
8 months
b.
6 months
d.
9 months
Mathematics
2 answers:
Reil [10]3 years ago
8 0

Answer:

C). 8 months

Step-by-step explanation:

bixtya [17]3 years ago
6 0

Answer:

c. 8 months.

Step-by-step explanation:

First let's break down all the expenses and taxes to come up with how much we save each month and subtract it to our total salary monthly.

Total Salary : $1312.00 x 2 = $2,624.00

Current Savings : 2/3 or 0.67 = $15333.33

| Expenses |

Monthly Expenses : $1,150.12

Social Security : 6.2% or 0.062 x 2,624 = $162.69

Medicare : 1.45 or 0.0145 x 2,624 = $38.05

Taxes: $53 + $101.35 = 154.35 x 2 = $308.7

So we sum up all the expenses.

= $1659.56 Total Expenses.

Now we have to find how much extra money we have each month.

= $964.44 Extra Money

Now we subtract our current savings to the total price of the car.

= -7666.67 Balance

Now we divide the total balance to our extra money monthly.

= 7.949 Months or 8 Months

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Step-by-step explanation:

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3 years ago
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3 years ago
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A bowling alley charges $2.50 per game plus $4 to rent shoes. A second bowling alley charges $4 per game plus $1 to rent shoes.
adelina 88 [10]

Answer:

The person would have to play 2 games for the two bowling alleys to cost the same amount

Step-by-step explanation:

Assume that the number of games that makes the two costs equal is x

∵ A bowling alley charges $2.50 per game plus $4 to rent shoes

∵ The number of games is x

∴ The cost = 2.50x + 4

∵ A second bowling alley charges $4 per game plus $1 to rent shoes

∵ The number of games is x

∴ The cost = 4x + 1

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→ Equate the 2 expressions above

∴ 4x + 1 = 2.50x + 4

→ Subtract 2.50x from both sides

∵ 4x - 2.50x + 1 = 2.50x - 2.50x + 4

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Answer:

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Step-by-step explanation:

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3 years ago
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How to divide 33 photos into two groups of the ratiol is 4 to 7
Dahasolnce [82]
Divide 33 photos into 2 groups.
The ratio of the said photo is 4 : 7
Now, we have the total number of photos which is 33, so let’s add the ratio to get the total number of ratio
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=> 4 x 3 = 12
=> 7 x 3 = 21
Thus the ratio of photos is 12 : 21



4 0
3 years ago
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