XXXXX XXXXX earns $1,200 per week. he is married and claims four withholding allowances. the FICA rate is as follows: Social Security rate is 6.2% on $97,500; Medicare rate is 1.45%. to date his cumulative wages are $6,000. each paycheck, his employer also deducts $42.50 for health insurance
. what is his net pay? (calculate FIT by the percentage method.)
on may 12, bob campbell accepted a $5,000 note in granting a time extension of a bill of goods bought by rick ween. terms of the note were 8% for 120 days. on july 8, bob needed to raise cash and discounted the note at rick's bank at a discount rate of 9%. Calculate bob's proceeds.
XXXXX XXXXX, who lives in territory 5, carries 10/20/5 cumpulsory liability insurance along with optional collision that has a $200 deductible. jim was at fault in an accident that caused $1,800 damage to the other auto and $600 damage to his own. also, the courts awarded $13,000 and $8,000 respectively, to the two passengers in the other car for personal injuries. how much does the insurance company pay, and what is jim's share of responsibility?
jeff sellers bought 200 shares of radio shack stock at $22.35. eight months later, he sold the stock at $31.76. assuming a 2% commission charger, what is the botXXXXX XXXXXne for jeff?
the property of al's garage is worth $300,000. al has a fire insurance policy of $180,000 that contains an 80% coinsurance clause. what will the insurance company pay on a fire that causes $210,000 damage? if al met the coinsurance requirement, how much would the insurance company have to pay?
ray long wants to retire in arizona when he is 70 yrs of age. ray is now 50. he believes he will need $130,000 to retire comfortably. to date, ray has set aside no retirement money. assume ray gets 14% interest compounded semiannually. how much must ray invest today to meet his $130,000 goal?