-41.
Explanation and show work:
Answer:2907
Step-by-step explanation:
FICA Taxes = wages * (FICA tax rate+ Medicare tax rate)
FICA= 38,000*(.062+.0145)=2907 employee share
Answer:the balance after 7 years is $3216
Step-by-step explanation:
A) Initial amount deposited into the account is $2800 This means that the principal,
P = 2800
It was compounded yearly. This means that it was compounded once in a year. So
n = 1
The rate at which the principal was compounded is 4%. So
r = 4/100 = 0.04
It was compounded for 7 years. So
t = 7
The formula for compound interest is
A = P(1+r/n)^nt
A = total amount in the account at the end of t years. Therefore
A = 2800(1 + 0.04/2)^ 1× 7
A = 2800(1 + 0.02)^7
A = 2800(1.02)^7
A = $3216
This is the steps for equation solving for the value of x,
x/3-7 = 11
now 7 goes to the other side of equation by changing the sign from - to +,
x/3 = 11 + 7
x/3 = 18
now when we multiply both sides of equation with 3 or 3 goes to the other side of equation and multiply with 18 leaving x alone here for finding the value of x,
and we get, x = 54
at the end of equation we get x = 54, if the equation was in the form 3x - 7 = 11, then we will get x = 6
