Answer:
option (A) $212.97
Explanation:
Data provided in the question:
Gross earnings for the pay period ending 10/15/16 = $5,835
Total gross earnings as of 9/30/16 = $104,400
Social Security tax rate = 6.2%
Now,
Total earnings
= Gross earnings for the pay period ending 10/15/16 + Total gross earnings as of 9/30/16
= $5,835 + $104,400
= $110,235
since,The Social Security taxes are on a maximum earnings of $106,800 per year
therefore,
Sabrina's Social Security withheld from her 10/15/16 paycheck will be
= ( Total earnings - $106,800 ) × Social Security tax rate
= ( $110,235 - $106,800 ) × 0.062
= $3,435 × 0.062
= $212.97
Hence,
The answer is option (A) $212.97
Answer:
Explanation:
Rule 70 is used to estimate how long it tales a cashflow amount to double.
The formula is as follows ;
Number of years = 70 / growth rate
<u>At 1.4% growth rate;</u>
Number of years = 70 / 1.4 = 50
<u>At 3.2% growth rate;</u>
Number of years = 70 / 3.2 = 21.88
<u>At 4.9% growth rate;</u>
Number of years = 70 / 4.9 = 14.29
<u>At 6.4% growth rate;</u>
Number of years = 70 / 6.4 = 10.94
<u>At 7.5% growth rate;</u>
Number of years = 70 / 7.5 = 9.33
Answer:
Explanation:
For computing the demand for each sale, first we have to compute the average sale for each season which is show below:
Average sale in fall = (240 + 260) ÷ 2 = 250
Average sale in winter = (340 + 300) ÷ 2 = 320
Average sale in spring = (140 + 160) ÷ 2 = 150
Average sale in summer = (320 + 240) ÷ 2 = 280
Demand for next fall = (250 ÷ 1,000) × 1,200 = 300
Demand for next winter = (320 ÷ 1,000) × 1,200 = 384
Demand for next spring = (150 ÷ 1,000) × 1,200 = 180
Demand for next summer = 1,200 - (300+384+180) = 336
It should generate another major event around 2050-2060
-A contract is legally binding.
