Assume your gross pay per pay period is $2,000 and you are in the 33 percent tax bracket. Calculate your net pay and spendable income if you save $200 per pay period in a tax-sheltered annuity.
(Do not round intermediate calculations.)
what is the Net Pay?
what is the Spendable Income?
Assume your gross pay per pay period is $2,000 and you are in the 33 percent...
Assume your gross pay per pay period is $3,800.00 and you are in the 28 percent tax bracket. Calculate your net pay and spendable income if you save $380.00 per pay period in a tax-sheltered annuity. (Do not round intermediate calculations. Round your answers to the nearest whole dollar.) Net Pay & Spendable Income Net pay 42201 Spendable income $ 3,038
Assume you are in the 33 percent tax bracket and purchase a municipal bond with a yield of 6.25 percent. Use the formula presented in chapter 11 of your textbook to calculate the taxable equivalent yield for this investment. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)
Assume you are in the 35 percent tax bracket and purchase a municipal bond with a yield of 6.00 percent. Use the formula presented in chapter 11 of your textbook to calculate the taxable equivalent yield for this investment. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Taxable equivalent yield I
Lenny Florita, an unmarried employee, works 46 hours in the week ended January 12. His pay rate is $13 per hour, and his wages have deductions for FICA Social Security, FICA Medicare, and withholding allowances. Compute his regular pay, overtime pay (Lenny earns $20 per hour for each hour over 40 per week), and gross pay. Then compute his FICA tax deduction (6.2% for the Social Security portion and 1.45% for the Medicare portion), income tax deduction (use the wage...
Tony's gross pay for the month is $ 3 comma 100. Tony's deduction for federal income tax is based on a rate of 20%. Tony has no voluntary deductions. Tony's yearminustominusdate pay is under the limit for OASDI. What is the amount of FICA tax withheld from Tony's pay? (Assume a FICAlong dashOASDI Tax of 6.2% and FICAlong dashMedicare Tax of 1.45%. Do not round any intermediate calculations, and round your final answer to the nearest cent.)
xercise 9-18A Computing gross and net pay LO P5 Lenny Florita, an unmarried employee, works 48 hours in the week ended January 12. His pay rate is $12 per hour, and his wages have deductions for FICA Social Security, FICA Medicare, and federal income taxes. He claims four withholding allowances. Compute his regular pay, overtime pay (Lenny earns $18 per hour for each hour over 40 per week), and gross pay. Then compute his FICA tax deduction (6.2% for the...
9 A married couple earned $95,000 in 2016. How much did they pay in taxes? (Do not round Intermediate calculations.) Taxes Book Print What was their average tax bracket? (Do not round Intermediate calculations. Enter your answer as a percent rounded) Terences %6 Average tax rate What was their marginal tax bracket? (Enter your answer as a 1 decimal percent.) 96 Marginal tax rate
You have an investment that will pay you 1.13 percent per month. a. How much will you have per dollar invested in one year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. How much will you have per dollar invested in two years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Future value in one year b. Future value in two years
You have an investment that will pay you 1.13 percent per month. a. How much will you have per dollar invested in one year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. How much will you have per dollar invested in two years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Future value in one year b. Future value in two years
You can save $2,000 per year for the next four years in an account earning 7 percent per year. How much will you have at the end of the fourth year if you make the first deposit today? (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16))