Answer:
$6,809.04
Explanation:
Calculation to determine what her net pay for the month is
Gross Pay (a) $8,988
Less: Deductions
Social Security Tax $557.26
($8,988 * 6.2%)
Medicare Tax $130.33
($8,988 * 1.45%)
Federal income Tax $1,491.37
Total Deductions (b) $2,178.96
Net Pay (a-b) $6,809.04
($8,988-$2,178.96)
Therefore her net pay for the month is $6,809.04
57,000/$12=4,750 hope this helps :)
Answer:
PV = $155,343
Explanation:
This question requires application of PV of annuity, according to which:
PV = p [1-(1+r)^-n/r]
P= Periodic Payment
r = rate of period
n = number of periods
r = 3%/12 = 0.25% (monthly), n = 120, P = $1500
PV = 1500 * [\frac{1 - (1 + 0.0025)^{-120}}{0.0025}]
PV = 1500 * 103.5618
PV = $155,343
Answer:
d. the supply of financial capital comes from savings, and the demand goes to making loans.
Explanation:
Capital markets refer to the areas where deposits and investment are transferred between the capital providers and others in need of capital. Capital markets consist of the main market, where new shares are released and exchanged, and the secondary market, where already issued securities are exchanged by investors.
