Round your answer to the nearest penny. Input dollars and cents. 1. Frankie earned $28,700 last year. If Social Security tax is $6.20 tax per $100 earned, then how much Social Security did they pay last year? 2. Fannie earned $38,700 last year. If Medicare tax is $1.45 tax per $100 earned, then how much Medicare tax did they pay last year? 3. Last year Peta had an annual income of $23,500. They paid $1,457 in Social Security Tax, $340.75 in Medicare Tax, and $2,622.50 in Income Tax. What was Peta's net annual income? 4. Last year Nuvua had a net annual income of $30,516. What was their net monthly income last year?
Round your answer to the nearest penny. Input dollars and cents. 1. Frankie earned $28,700 last year. If Social Security tax is $6.20 tax per $100 earned, then how much Social Security did they pay last year? 2. Fannie earned $38,700 last year. If Medicare tax is $1.45 tax per $100 earned, then how much Medicare tax did they pay last year? 3. Last year Peta had an annual income of $23,500. They paid $1,457 in Social Security Tax, $340.75 in Medicare Tax, and $2,622.50 in Income Tax. What was Peta's net annual income? 4. Last year Nuvua had a net annual income of $30,516. What was their net monthly income last year?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Round your answer to the nearest penny. Input dollars and cents.
1. Frankie earned $28,700 last year. If Social Security tax is $6.20 tax per $100 earned, then how much Social Security did they pay last year?
2. Fannie earned $38,700 last year. If Medicare tax is $1.45 tax per $100 earned, then how much Medicare tax did they pay last year?
3. Last year Peta had an annual income of $23,500. They paid $1,457 in Social Security Tax, $340.75 in Medicare Tax, and $2,622.50 in Income Tax. What was Peta's net annual income?
4. Last year Nuvua had a net annual income of $30,516. What was their net monthly income last year?
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