Jacob works part-time as a cashier at a drug store. His gross pay for the year
was $8,000. Based on his income level, the federal tax rate he'll need to pay is
10%. For his state taxes, Jacob will need to pay 5% and the FICA rate is
7.65%. What is Jacob's net pay for the year?

A. $1,812
B. $7,200
C. $6,188
D. $6,988

Answers

Answer 1

Answer:

Option C

Explanation:

Gross Salary of Jacob  = $ 8000

Federal tax paid by him = 10% of $8000 = $800

State tax = 5% of $8000 = $400

FICA rate = 7.65% of $8000 = $612

Net Pay of Jacob = $ 8000 - $800 -$400-$612

= $6188

Hence, option C is correct


Related Questions

The SmartArt icon will allow you to include which of the following on a slide?

Answers

I think the answer is Graphs, I hope this helps

Happy​ Trails, Inc. manufactures railway coaches and uses the FIFO method of process costing to record costs. The WorkminusinminusProcess Inventory of the Heating Department on October 1 was 73​% complete for materials and 23​% complete for conversion costs. On October​ 31, its ending WorkminusinminusProcess Inventory was 80​% complete for materials and 43​% complete for conversion costs. This means that for the ending​ inventory, ________% of the materials and​ ________% of the conversion costs were added during October.

Answers

Answer:

80 % of materials ;  43 % of conversion costs

Explanation:

The FIFO method traces equivalent units for materials and conversion costs for the following categories :

Opening Work in Process unitsUnits started and completedEnding Work in Process units

So the units not completed from last months are the first to be completed during the month (hence To finish Opening Work in Process). During the year there are units started and completed (hence Units Started and Completed) and units started that never gets completed (hence Ending Work in Process units).

All these physical units need to be expressed to the percentage of work done on them - equivalent units.

The question is focusing on Number 3 - Ending Work in Process units. So 80 % of materials and 43 % of conversion costs were added during October for these units.

Philip earns $980,000 per annum. He is allowed a tax free income of
$50,000. Then his taxable income will be $______
and tax paid at 6% will be $_____
per annum.

Answers

Answer:

His taxable income is $930,000.

Tax paid at 6% will be $55,800 p.a

State the purpose of assets​

Answers

Answer:

Assets are reported on a company's balance sheet and are bought or created to increase a firm's value or benefit the firm's operations. An asset can be thought of as something that, in the future, can generate cash flow, reduce expenses or improve sales, regardless of whether it's manufacturing equipment or a patent.

Explanation:

Hope this helps!

Personal Financial
Literacy

Answers

Answer:

You would have to answer this because I dind't read the story.

Explanation:

Help me I dont get this

Answers

You can’t really see it

2 1.6.2 Test (CST): Goals and Career Planning
Question 20 of 25
Kris is very interested in travel. Which of these careers is most likely the best
fit for her?
A. High school teacher
B. Machinist
O C. Loan officer
D. International correspondent

Answers

answer: international correspondent

Kris is very interested in travel. International correspondent of these careers is most likely the best fit for her. The correct option is D.

What is a correspondent journalist?

A journalist works for a newspaper or broadcast media outlet and writes news articles. synonyms include pressperson, newswriter, newspaperman, and newspaperwoman. a correspondent from a faraway country. a journalist who contributes articles and analyses for publication or broadcast from a different country.

International correspondents are journalists who report news from different parts of the world. They travel extensively to cover stories and events in various countries, and their job involves researching, investigating, and writing about global issues. This career would be a good fit for someone who is interested in travel and has a passion for journalism and reporting.

Thus, the ideal selection is option D.

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Columbia Bank & Trust has just given you a $20,000 term loan to pay for a new concrete mixer. The loan requires five equal annual end-of-the-year payments. If the loan provides the bank with a 12 percent return, what will be your annual payments?

Answers

Answer:

$5,548.19

Explanation:

According to the scenario, computation of the given data are as follows,

Principal payment (p)= $20,000

Rate of interest (r) = 12%

Time period (t) = 5

So, we can calculate the annual payment by using following formula,

Annual payment = [p×r×[tex](1+r)^{t}[/tex]] ÷ [ [tex](1+r)^{t}[/tex]-1]

By putting the value, we get

= [$20,000×0.12 [tex](1+0.12)^{5}[/tex]] ÷ [[tex](1+0.12)^{5}[/tex]-1]

By solving the equation, we get

= $5,548.19

Hence, the annual payment will be $5,548.19.

A credit card had an Apr of 12.87% all of last year and compounded interest daily. What was the credit card's effective interest rate last year?

Answers

Answer:

13.73%

Explanation:

Effective annual rate = (1 + APR / m ) ^m - 1

M = number of compounding = 365

[tex](1 + \frac{0.1287}{365} )^{365} - 1[/tex]

[tex](1.000353)^{365} - 1[/tex] = 0.1373 = 13.73%

In recent years, the United States has Multiple Choice exported more services abroad than it has imported. maintained an overall trade surplus (goods and services combined) with the rest of the world. had a small goods trade surplus with Japan. had a large goods trade surplus with the rest of the world.

Answers

Answer: exported more services abroad than it has imported.

Explanation:

The U.S. might not have a positive balance of trade when it comes to net exports entirely but when it comes to services, the U.S. is experiencing a surplus.

This is because the U.S. is exporting more services than it is importing. This means that U.S. professionals are doing more for outside countries than other countries are doing for the U.S. Another big contributor is the social export of the U.S. including music, movies and other multimedia.

Tiana has strong communication skills, she is a hard worker, and she has a strong background in math and statistics. What can she do to strengthen her chances of securing a job as a market research analyst? A. She can improve her hard skills by working collaboratively with other people. B. She can improve her hard skills by learning software used by market research analysts. C. She can improve her soft skills by taking extra courses in computer science D. She can improve her soft skills by pursing a degree in statistics.​

Answers

Answer:B

Explanation: just took the quiz

To strengthen her chances of securing a job as a market research analyst, she can improve her hard skills by learning software used by market research analysts.

What is market research analyst?

Analysts of market research collect and examine consumer and competitor data. To determine the likelihood that a good or service will be purchased, market research experts examine customer preferences, economic conditions, and other variables.

They assist businesses in determining what goods consumers want, who will purchase them, and how much they will cost. Data will be gathered by a market research analyst utilizing a number of technique.

They might conduct focus groups to get feedback on a new product or conduct statistical analyses to learn more about consumer behavior and the state of the market.

The appropriate response is option B.

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can someone tell me what car u like bc i need inspo, like a V6,Ford GT 2017 or the real life card u see in GTA​

Answers

Answer:

I love Nissan skylines they are the best jdm cars and are beautiful.

Explanation:

The Nissan Skyline is a brand of automobile originally produced by the Prince Motor Company starting in 1957, and then by Nissan after the two companies merged in 1967. After the merger, the Skyline and its larger counterpart, the Nissan Gloria, were sold in Japan at dealership sales channels called Nissan.


Cassandra is a 21-year-old who is still in college. She wants a credit card so she can order items online.
Her mother offers to let Cassandra use her card, but Cassandra would like it in her own name. What is
the advantage of having it in her own name?
A. If she pays her bills promptly she is establishing a good credit history.
B. She will get a finance charge with a lower APR.
C. Her credit score will go up by 200 points.
D. She will be given more time to pay her bills.

Answers

The most logical answer to me would be A, however I recommend you don’t go with my answer JUST YET because this is an educational guess. Take time to think about my answer. Sorry if it’s wrong

Having a credit card in your own name has a number of benefits, including helping you establish your own credit history, being there for you in times of need, and maybe earning points or cash back on purchases. As a result, choice (A) is appropriate.

What is credit card?

Customers (cardholders) are given a specific sort of payment card called a credit card that enables them to pay for products and services from merchants based on the amount of debt they have acquired (i.e., promise to the card issuer to pay them for the amounts plus the other agreed charges).

A revolving account is set up by the card issuer, which is often a bank or credit union, and gives the cardholder access to a line of credit from which they can borrow money to make purchases or get cash advances. The two different kinds of credit cards are consumer and commercial cards.

Most playing cards are made of plastic, but others are made of metal (stainless steel, gold, palladium, titanium), and some have gemstones inlaid in the metal.

Hence, option (A) is accurate.

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50 points each
“When you drink alcohol you are just borrowing happiness from tomorrow.”
“Your stomach thinks all potato is mashed.” ...
“I wonder what my dog named me?
”We eat pizza from the inside out. ...
If you live to be 70 years old you will spend TEN YEARS of your life on Monday. ...
Sometime in the future, someone will say your name for the last time. ...
Deaf people probably don't understand why farts are funny. ...
The word ambiguous only has one meaning.These are not my memories. ...
No one knows how anyone feels. ...
You are neither the first nor the last. ...
You are someone's ancestor. ...
Today the Earth is more beautiful than it will be tomorrow. ...
You only know you were happy when you no longer are. ...
If we're alone it's frightening. ...
Every thing could be the last thing.
join my pad let no space in between pad let
https://pad let.com/hoelee86/n9lzo8fq8qb9rows

Answers

Answer:

that x-ray has arthritis

Answer:

Hey mate.....

Explanation:

Facts were very true......can't join pad let now....

Thx for points...!!!!!Lol

A realtor is trying to predict the selling price of houses in Greenville (in thousands of dollars) as a function of size (measured in thousands of square feet) and whether or not there is a fireplace (FP is 0 if there is no fireplace, 1 if there is a fireplace). Part of the regression output is provided below based on a sample of 20 homes. Some of the information has been omitted.


Variable Coefficients Standard Error t-Stat

Intercept 128.93746 2.6205302 49.203

Size 1.2072436 11.439

FP 6.47601954 1.9803612 3.27

a. The estimated coefficient for size is approximately _____.


b. How many predictors (independent variables) were used in the regression?

Answers

Answer:

a. The estimated coefficient for size is approximately 13.81.

b. In the regression, two predictors are used. These two predictors are size and fireplace (FP).

Explanation:

a. The estimated coefficient for size is approximately _____.

Estimated coefficient for size = Standard Error of size * t-Stat of size =  1.2072436 * 11.439 = 13.81

Therefore, the estimated coefficient for size is approximately 13.81.

b. How many predictors (independent variables) were used in the regression?

Independent variables can be described as variables that are changed or manipulated in order to measure the effect of their changes on the dependent variable. Independent variables are therefore also called predictors because they employed to predict the dependent variable.

In the regression, two predictors are used. These two predictors are size and fireplace (FP).

Some businesspeople believe that elimination agents and wholesalers reduce their operating expenses. Discuss the opportunity costs associated with eliminating intermediaries

Answers

The less people that are involved in the sale of goods, the less markup there is. Each person the goods pass through the price goes up. Less intermediaries, equal less markup, so the cost of the goods will be lower. Hopefully they will pass the savings on to consumers.

what are rock layers​

Answers

Answer:

the answer is isStratum

In two or three sentences, write a brief ending you might use in an interview to be courteous and positive about following up.

Answers

Answer:

Explanation:

The following would be a good way to end an interview.

It has been very interesting learning how the company works and the different tasks involved with the position. I would be very excited to get a chance to contribute to the team. Is there any other additional information or documentation that you will need from me? If so I would be glad to get it for you for our next meeting.

This ending would show your interest in the job and courteously set up further interactions.

The company's materials price variance for April was $3,000 Favorable. Its materials quantity variance for April was $5,000 Favorable. What does the company use as a standard price per yard of material for its safety suits?

Answers

Answer:

the  standard price per yard is $6.25

Explanation:

The computation of the standard price per yard is shown below;

Material quantity variance = Standard Price  × (Actual quantity - Standard quantity)

-$5,000 = Standard price  × (10,000 - 10,800)    

Thereore Standard price = -$5,000 ÷ (-800)  

= $6.25    

Hence, the  standard price per yard is $6.25

We simply applied the above formula so that the standard price per yield could come

businesses today succeeded or fail based on their ability to___

A. innovate with technology to meet their customers needs
B. adopt customized software to their needs
C. raise expenses to match revenue
D. open multiple channels of sale
E. butter (im joking at this option but i need the right answer)

Answers

The answer would be A. innovate with technology to meet their customers needs.

Having a dependable income is a drawback of being a wage earner.
O A. True
B. False
no link please

no link please

Answers

B false having a dependable income that is steady is a benefit to most people when earning wages

If one part of the flow breaks down, what would happen to the entire circular flow model?

Answers

Answer:

Explanation:

The circular flow of income or circular flow is a model of the economy in which the major exchanges are represented as flows of money, goods and services, etc. between economic agents

In the early 1900s, John D. Rockefeller bought out other companies or drove
them out of business. What was Rockefeller's motive?
O A. To avoid paying taxes
O B. To bypass consumers
C. To control the government
D. To decrease competition

Answers

The answer is D to decrease competition

6.Elizabeth's credit card bill elizabeth just received her credit card bill. She calculates the compound interest on her bill and considers the payments she could make. If she pays the minimum payment of $45, it will take her five years to bring her balance to $0. How can Elizabeth most responsibly pay off her bill sooner ?

Answers

Answer: pay more than the minimum payment each month

Explanation:

For Elizabeth to responsibly pay off her bill sooner, she has to pay more than the minimum payment each month.

It should be noted that if she continues paying the minimum monthly payment, it'll take her five years and collecting a loan isn't appropriate as well as she will still have to pay back the loan and incur more debt.

Therefore, she should pay more than the minimum amount as that'll make her pay quicker.

Why do you think celebrities bother to involve themselves in politics?

Answers

Answer:

Answer in explanation.

Explanation:

I think that celebrities bother to involve themselves in politics to try and make a statement or gain more fame and followers. Oftentimes, you see celebrities speaking on world events such as the BLM act, global warming, wildfires, or the pandemic that is still ablaze. As we all know, all politicians have their strong opinions but the points do not always get across when just the politicians talk about it. Sometimes, celebrities feel the need to speak on a topic that may be popular in the world of politics just to shine a light on it or even to get more attention. In conclusion, I feel that celebrities try to worm their way into politics because I believe that they think that it will make an impact.

There are several reasons why celebrities may choose to involve themselves in politics.

Why celebrities bother to involve themselves in politics?

One reason is that they may feel a sense of responsibility or obligation to use their platform and influence to bring attention to important political issues and advocate for causes they believe in.

Additionally, celebrities often have access to resources and connections that can be useful in political activism and lobbying efforts.

Furthermore, political involvement can also benefit a celebrity's public image and career. By aligning themselves with certain political causes, celebrities may appeal to certain fan bases or demographics, which can increase their popularity and influence.

Moreover, some celebrities may simply be passionate about politics and want to use their voice and platform to make a difference in society. Overall, there are various reasons why celebrities may choose to involve themselves in politics, and the motivations can vary depending on the individual.

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3rd question is: what is marilyns net annual salary

Answers

Answer:

1. Net monthly pay = $ 3274. 27

2. Net Annual Salary = $ 39291.4

Explanation:

The total deductions from the salary  

$ 79.20 + $ 343.21 + $ 528.01 + $ 290.41 + $ 245 + $ 520 =  2005.83

Monthly Net Pay = Gross pay – Deductions  = 5280.10 – 2005.83 = $ 3274. 27

Net Annual Salary = Net Monthly Pay * 12 = $ 39291.4

1. Net monthly pay = $ 3274. 27

2. Net Annual Salary = $ 39291.4

Find the effective rate of interest if payments of 300 at the present, 200 at the end of one year, and 100 at the end of two years accumulate to 800 at the end of three years.

Answers

Answer:

12.93%

Explanation:

Given that the amount of 300 is invested for 3 years, while the amount of 100 is invested for 2 years and 100 is invested for 1 year.

also amount accumulated in three years = 800

Applying the formula to find the future value we get

300(1+r)^3 + 200(1+r)^2 + 100(1+r) = 800

which can be further simplified to

300r^3+1100r^2+1400r+600=800

where, r is the effective rate of interest which we have to find out

The above equation is cubic in r, so to solve this we can use equation solver. When we put this equation in equation solver we get

r = 0.12926

r ≅ 0.1293

Therefore,  effective rate of interest  = 12.93%

Shane wants to invest money in a 6% CD account that compounds semiannually. Shane would like the account to have a balance of $150,000 4-years from now. How much must Shane deposit to accomplish his goal

Answers

Answer:

Amount deposit = $118,411.4 (Approx.)

Explanation:

Given:

Future amount = $150,000

Rate of interest = 6% compounds semiannual

Number of year = 4 year

Find:

Amount deposit

Computation:

Compounds semiannual

So,

Rate of interest = 6% / 2 = 0.03

Time taken = 4 x 2 = 8 times

So,

A = P[1+r]ⁿ

150,000 = p[1+0.03]⁸

150,000 = p[1.03]⁸

150,000 = p[1.26677]

p = 150,000 / 1.26677

p = 118,411.393

Amount deposit = $118,411.4 (Approx.)

What are the two types of products that
are derived from the stages of
agriculture?
A. food and non-food
B. food and fiber
C. meats and vegetables
D. meats and grains

Answers

c -meats and vegetables

What other cost categories are not reflected in the budget above? And how much do you estimate they will cost
you per month?

Answers

The correct answer to this open question is the following.

Although there are no options attached we can say the following.

The other cost categories that are not reflected in the budget above are the following.

Monthly internet subscription, recreational center, laundry, school expenses, entertainment, home supplies, and drugstore. (which include, cream, shampoo, soap, toothpaste, etc.)

And how much do you estimate they will cost?

Monthly internet subscription $15

Recreational Center $25

Laundry $30

School expenses  $20

Entertainment $100

Home supplies $25

Drugstore (which include, cream, shampoo, soap, toothpaste, etc.)  $50

The key here is not only to have a good budget but respect it and follow through. Otherwise, you will have problems at the end of the month trying to make ends meet.

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