Math of Finance: Chapter 2 Test
When we left James, he had decided to take a job at Jimmy John's as a sandwich artist with an expected salary of
$31,200 per year. James is really looking forward to the pay increase to help take care of his wife and two kids
After working four weeks, he gets his first check. It is much less than he expected. It turns out he will only get paid
for two weeks because Jimmy John's has a delayed paying process. Everyone gets paid two weeks after they work to
give Human Resources time to prepare the tax information. Since James gets paid every two weeks, a)what is his
gross income for his checks? His pay was much less. It tums out, other people get his money first. He had to pay
Federal Income Tax. b)Use the chart on the back of the test to determine his FIT. He also has to pay State
Income Tax. Oklahoma has a flat 5% tax. c)What is his SIT at 5% of his paycheck? Also, something called FICA
was on his paystub. His employer told him it was a required 6.2% tax for Social Security Retirement and a 1.45%
tax for Medicare when he gets older. d)Find James' Social Security Tax. e)Find his Medicare Tax. What is the
amount of FICA Tax listed as being withheld(add together)? Next came the big schock. Apparently, the
Republican Party still hasn't ended required healthcare. Because of this, James has to pay for group insurance with
Jimmy John's. It is $100 every paycheck, g)what percent of James' gross income is this each month? Finally,
James looks at the other category. It has two deductions listed. First, it has Sandwich Union Body Dues. Annual
dues are $130. h)How much was taken out for SUB dues just this paycheck? The second charged deduction for
other was IRA Retirement. He remembers signing up because Jimmy Johns' offers a matching 5%. If James' is
maximizing the match, i)how much is being taken out for retirement from his paycheck? After going over all the
numbers with his boss, it looks like James' check is correct. j)How much was his net income? If these numbers
remain consistent through the year, k)how much will James bring home for the year? DWhat percent of his
expected salary is this? James was really looking forward to his big paycheck. He thought he would have enough
money to get a loan on a new car. m)Do you think he should try to get the loan or not? n>Explain your opinion.

Answers

Answer 1

Answer:

6.2

Step-by-step explanation:

hope it helpes you in the long run


Related Questions

An airplane left Chicago at 9:50 AM Central Time and arrived in Memphis at 11:30 AM Central Time. How long did the flight take

Answers

Considering that both Chicago and Memphis are in the same time zone, the flight took one hour and 40 minutes.

What was the length of the flight?

It Chicago at 9:50 AM Central Time and arrived in Memphis at 11:30 AM Central Time. Since they are in the same time zone, we don't have to do anything but subtract, then:

11:30 - 9:50

30 < 50, hence we remove one hour from Memphis and add 60 minutes, thus:

10:90 - 9:50 = 1:40

The flight took one hour and 40 minutes.

More can be learned about operations with hours at https://brainly.com/question/25169144

3/4 (184+t) =237 what is t?

Answers

Answer:

t = -6.25

Step-by-step explanation:

3/4 (184+t) =237

multiply by 3/4

184 + t =  177.75

subtract 184

t = -6.25

Solve the system of equations:
x-y=4
4x-7z=24
4y+z=8

Answers

Answer:

Solve for x, y, and z. 1st Equation: 2x + 2y + 4z = 48. 2nd Equation: 2x + 9y + 7z = 105. 3rd Equation: x + 4y + z = 37. Subtract the 2nd Equation from the 1st Equation. This will eliminate the variable “x”.

Step-by-step explanation:

For the exponential function f(x)=5.4%, what is the value of f(3)?
O a.) 500
b.) 320
O c.) 60
d.) 8,000

Answers

Answer:

the answer is letter B

Step-by-step explanation:

correct me if i wrong

PLS HELP ME, PLS THIS IS DUE FIRST CORRECT ANSWER GETS BRAINLIEST​

Answers

Answer:

9.4 ( 4 + 12 ) = 145.6

Step-by-step explanation:

i used a calculator

MARK AS BRAINLIEST At a sale this week, a table is being sold for $279. This is 62% of the original price.

What is the original price?

Answers

Divide the sale price by the percentage:

279 / 62% = 279/0.62 = 450

The original price was $450

15 is what percent of 45?​

Answers

The percent of what 15 is of 45 is; 33.33%

What is the percentage of the number?

We want to find the percentage of 15 out of 45.

This means that we can express it as;

15/45 * 100%

⇒ 33.33%

Thus, we conclude that the percent of what 15 is of 45 is 33.33%

Read more about percentage at; https://brainly.com/question/843074

A random variable is defined as a process or variable with a numerical outcome. Which of the following are random variables?

i. The amount of rain, in inches, that will fall in New York.
ii. The gender of a randomly drawn student from University of Houston. The number of books purchased next semester for my classes.
a. i only
b. ii only
c. iii only
d. i and iii
e. ii and iii
f. i, ii, and iii​

Answers

Answer:

1 and 3

Step-by-step explanation:

The amount of rain in inches will be in numbers .So its random variableNo of books purchased is also a numerical .So its a random variable.

Diego bought mini muffins for $4.20. If 1mini muffin is $0.35, how many muffins did he buy? Show your reasoning

Answers

He bought 12
4.20 divided by 0.35= 12

1. A cylindrical metal bar 50cm long and bom in
diameter is pulled out to form a wire of diameter
3 ml.
what's length is the wire .

Answers

Answer:

150

Step-by-step explanation:

Multiple 50 by 3 and ur final results

A rectangle has a length of 25x to the power of 3 and a width of 5x of power of 2. Find the area in square units.

Answers

Do you know the equation for a rectangles area

If 1/2 x 10 = 8 - x, then x = ?

Answers

Answer:

3

Step-by-step explanation:

1/2 x 10 is 5

8 - 3 is 5

1/2 x 10 = 8 - 3

Answer:

3

Step-by-step explanation:

1/2 * 10 = 5

8-5=3

The bank does not charge a monthly fee for a savings account if the balance is at least $500. Which inequality represents b, the amount of money needed to avoid paying a fee?

b < 500
b ≤ 500
b > 500
b ≥ 500

Answers

the last one, b is greater than or equal to 500

Create a set with 5 numbers that has a median of 6.

Answers

Answer:

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

Step-by-step explanation:

1 2 33

Michael went to the store and bought a new laptop computer for $725, how much would he pay in tax if the tax rate is 3%

Plsss i need help

Answers

Answer:

$21.75

Step-by-step explanation:

3% = .03

725 * .03 = 21.75

Bill and Felicia both bake cookies for a party. Bill bakes 3 times as many as Felicia. Felicia bakes 24 fewer cookies than Bill. Bill bakes b cookies and Felicia bakes f cookies. What pair of equations can be used to determine the number of cookies Bill and Felicia bake?

A. b = 3f
f = b - 24

B. b = 3(f + 24)
f = b - 24

C. b = 3f
f = 24 - b

D. f = 3b
b = f - 24

PLEASE HELP ♡

Answers

Answer: Below

Step-by-step explanation:

So we start off with b and f. Our first piece of information, Bill baked 3 times as many as Felicia, gives us the equation:

b = 3f

The second piece gives us the equation:

b = f + 24

We have a 3f, but no b = f + 24 in the possible answers. So:

b = f +24

b - 24 = f

Our answer is A.

Please help me with this

Answers

Answer:I believe the answer is A

Step-by-step explanation:

what is the height of the tree?

Answers

Here you go, mate. Hope it's helpful

what statement is true about the expression 12 - 7 + 3​

Answers

Answer:

The Answer is B

________________________

If this helped mark me as brainliest!

Hope you have a great day!

Answer:

We can first determine it is not A or C, because these flatly do not equal the expression above.

I believe is it D, because of the commutative property.

The associative property of addition states that you can group the addends in different ways without changing the outcome. While the commutative property of addition states that you can reorder the addends without changing the outcome.

In this case, we are rearranging the addends, not groups of them.

Step-by-step explanation:

PLEASE HELP ASAP!!!!!

The measure of angle JKL can be represented using the expression 3x + 5.

Point K has three lines extending from it. One line extends to point J, another to point M, and the other to point L. Angle J K M is 45 degrees. Angle M K L is x degrees.
What is the degree measure of AngleJKL?

°

Answers

Step-by-step explanation:

verified please mark me as brainlist please

Answer:

65

Step-by-step explanation:

find the product. write your answer in exponential form 8^-9 x 8^4

Answers

Answer:

[tex]8^{-5}[/tex]

Step-by-step explanation:

When both terms share the same base, and you are multiplying, you are really adding the variables. Add:

[tex]8^{-9} * 8^{4}\\ = 8^{-9 + 4} = 8^{-5}\\\\8^{-5}[/tex]is your answer.

~

Jack bought 3 slices of pizza and 4 slices f mushroom pizza for a total cost of $12.50. Grace bought 3 slices of cheese pizza and 2 slices of mushroom pizza for a total cost of 8.50. What is the cost of one slice of mushroom pizza?

A. $3.00
B. $1.50
C. $2.00
D. $3.50

PLEASE HELP ♡

Answers

Answer:

C

Step-by-step explanation:

Let's set up a simultaneously equation to solve for two unknows.

Let x be the cost of cheese pizza

Let y be the cost of mushroom pizza

"Jack bought 3 slices of pizza and 4 slices f mushroom pizza for a total cost of $12.50."

Therefore,

3x + 4y = 12.50 (Equation 1)

"Grace bought 3 slices of cheese pizza and 2 slices of mushroom pizza for a total cost of 8.50."

Therefore,

3x + 2y = 8.5 (Equation 2)

From equation 1, let's solve for x in terms of y

3x + 4y = 12.50

3x = 12.50 - 4y

[tex]y = \frac{12.50-4y}{3}[/tex]

Plug in this y value into equation 2, we have:

[tex]3(\frac{12.50-4y}{3}) + 2y = 8.5[/tex]

We will get that y = 2

Hence, option C is the answer.

Use the number line to help you complete the statements.

A number line going from 0 to 15 in increments of 1.

The distance between 4 and 11 is
units.

The distance between 15 and 6 is
units.

Answers

Answer:

Use a number line ruler or pencile and paper.

Step-by-step explanation:

number line ruler or pencile and paper. those are choices or you can use anything esle that helps :)

Answer:

7 And 9

Step-by-step explanation:

Edge 2022

the complement of 17% is what ​

Answers

Answer:

83%

Step-by-step explanation:

100%-17%=83%

i hope it helps

Assume that x has a normal distribution with the specified mean and standard deviation. Find the indicated probability. (Round your answer to four decimal places.)


= 8; = 6
P(5 ≤ x ≤ 17) =

Answers

Using the normal distribution, it is found that P(5 ≤ x ≤ 17) = 0.6247.

Normal Probability Distribution

In a normal distribution with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the z-score of a measure X is given by:

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

It measures how many standard deviations the measure is from the mean. After finding the z-score, we look at the z-score table and find the p-value associated with this z-score, which is the percentile of X.

In this problem, we are given that [tex]\mu = 8, \sigma = 6[/tex].

The probability is the p-value of Z when X = 17 subtracted by the p-value of Z when X = 5, hence:

X = 17:

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

[tex]Z = \frac{17 - 8}{6}[/tex]

[tex]Z = 1.5[/tex]

[tex]Z = 1.5[/tex] has a p-value of 0.9332.

X = 5:

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

[tex]Z = \frac{5 - 8}{6}[/tex]

[tex]Z = -0.5[/tex]

[tex]Z = -0.5[/tex] has a p-value of 0.3085.

0.9332 - 0.3085 = 0.6247.

Hence, P(5 ≤ x ≤ 17) = 0.6247.

More can be learned about the normal distribution at https://brainly.com/question/12517818

Write an equation in slope-intercept form for the following line:

(-17,-4) and (-7,-13)

Answers

Slope-intercept form

Linear equations are often organized in slope-intercept form:

[tex]y=mx+b[/tex]

(x,y) = a point that falls on the linem = the slope of the lineb = the y-intercept of the line

Slope (m)

The slope of a line is equal to its [tex]\dfrac{rise}{run}[/tex].

"Rise" refers to the number of units the line travels up."Run" refers to the number of units the line travels to the right.

Typically, we would solve for the slope by using the following formula:

[tex]m=\dfrac{y_2-y_1}{x_2-x_1}[/tex] where two points that fall on the line are [tex](x_1,y_1)[/tex] and [tex](x_2,y_2)[/tex]

Y-intercept (b)

The y-intercept of a line refers to the y-value that occurs when x=0.

On a graph, it is the y-value where the line crosses the y-axis.

Writing the Equation

1) Determine the slope of the line (m)

[tex]m=\dfrac{y_2-y_1}{x_2-x_1}[/tex]

Plug in the two given points, (-17,-4) and (-7,-13):

[tex]m=\dfrac{-13-(-4)}{(-7)-(-17)}\\\\m=\dfrac{-13+4}{-7+17}\\\\m=\dfrac{-9}{10}[/tex]

Therefore, the slope of the line is [tex]-\dfrac{9}{10}[/tex]. Plug this into [tex]y=mx+b[/tex]:

[tex]y=-\dfrac{9}{10}x+b[/tex]

2) Determining the y-intercept (b)

[tex]y=-\dfrac{9}{10}x+b[/tex]

Plug in one of the given points and solve for b:

[tex]-4=-\dfrac{9}{10}(-17)+b\\\\-4=\dfrac{153}{10}+b\\\\b=-\dfrac{193}{10}[/tex]

Therefore, the y-intercept of the line is [tex]-\dfrac{193}{10}[/tex]. Plug this back into our equation:

[tex]y=-\dfrac{9}{10}x-\dfrac{193}{10}[/tex]

Answer

[tex]y=-\dfrac{9}{10}x-\dfrac{193}{10}[/tex]

Pythagorean theory . Thank you

Answers

Answer:

b=12, perimeter=36

Question is in the photo!

Answers

Answer: 87

Step-by-step explanation:

x - 46 = 41

x = 87

The answer is 87
Because x-46=41 so x=46+41 which is 87

a. Find the slope of the line that passes through the points (2,-5) and (-2,3).
b. What are the slope and y-intercept of the equation 2x - 5y = -10?
c. Find the x value so that the line through the points (x,-9) and (0,1) has a slope of -4.
d. Write the equation of a line that passes through the point (-1,5) and has a slope of -7. Your answer should be given in the form y = mx + b.

Answers

PART A:

Solve for the slope by solving change in y over change in x. We have (3-(-5)/(-2-2) = 8/-4=-2

PART B:

Change in to y=mx+b: -5y = -2x-10. Divide all terms by -5: y = 2/5x + 2. The slope is 2/5 and the y-intercept is 2.

PART C:

Remembering from part a that m=change in y/change in x, we have the equation: -4=1-(-9)/0-x. If we simplify, we have -4=10/0-x. If we multiply both sides from 1/10 we have: -2/5 = -x. So, x = 2/5.

PART D:

We can use point-slope form first:

y-5=-7(x+1). Then we solve the equation! y-5 = -7x-7. After adding 5 to both sides, we have the equation: y=-7x-2.

A shopper pays $49.05 for a $45 desk chair after sales tax is added. What is the sales tax percentage?

Answers

the sales tax percentage is 9
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