Your employer pays 70% of your total insurance premium of 8000 per year. How much do you pay as an employee?  a. $2,400 b. $6,120 c. $5,600 d. $62 a paycheck

Q: Maude pays $5,000 a year into an annuity contract for 25 years. Maude is paying A) periodic flexible…

A: The payments are of many types depending on the mode of payment and whether they are paid at the…

Q: QUESTION 2 Billy Bourne makes $97574 annually. How much does Billy pay for his E.I. premium for the…

A: The Employment Insurance (EI) premium rate for 2022 is 1.58% of insurable earnings, up to a maximum…

Q: Calculate the Medicare Levy payable for an individual resident earning $50,000 per annum. Select…

A: Medicare levy is an additional tax payable along with the tax you pay on your taxable income. It is…

Q: What rate of interest did you earn for a period of 2417 days if you invested $175 and you earned…

A: The correct answer is: (D) 19.16%  To calculate the rate of interest, you can use the formula Rate =…

Q: 8. A company pays one of its employees $800 per week. How much is the amount withheld from his pay…

A: Given data 8. Employee's check per week = $800 9. Purchase price of washing machine = $6,000 Useful…

Q: 8. George pays $410 a year for $65,000 of home insurance with a $250 deductible. By choosing a $1000…

A: Deductible: It is the amount that is paid by the insured to the insurance company for the damage or…

Q: Question 15: The 2021 Social Security wage base is Answer: А. S100,000 В. O $113,700 S125,000 D. O…

A: Social security wage base is highest earned  gross income in which social security tax  will be…

Q: f you would like to retire as a millionaire. If you make a uniform deposit of $19,000 monthly at an…

A: Millionaire means that you want one million in retirement and the future value of the deposit…

Q: 7) CALCULATE LIFE INSURANCE COVERAGE IN THE AMOUNT OF THE PREMIUM IS $0.22 PER $1000 PER MONTH…

A: First, we need to calculate the insurance coverage for each individual. This is done by multiplying…

Q: Consider a zero-coupon bond with a $1,000 face value and 10 years left until maturity. If the YTM of…

A: 1) Face value = FV = $1,000Period = nper = 10 yearsInterest rate = rate = 6.7%2) Future value = FV =…

Q: You just graduated from college and your new employer offers a 401(k) where they match your…

A: Here, Annual rate of Return7.50%Monthly Contribution #1 $…

Q: If Rachel invest 1700 today in a account that pays 6 percent interest compounded annually how long…

A: The answer is in the explanation.Explanation:To solve this problem, use the formula for compound…

Q: Spouse A Spouse B Market wages 80,000/year 20,000/year Home production 12,000/year 40,000/year…

A: ANSWER   This household has two children and wants to have them financially provided for over the…

Q: Spouse A Spouse B Market wages 80,000/year 20,000/year Home production 12,000/year 40,000/year…

A: Using Expense approach Spouse B-----50,000/year Rate ---------- 3 Time -------- 25 years.

Q: QUESTION 18 Lucy bought a house for $100,000. Lucy's annual cost of ownership net of tax savings is…

A: Lucy's annual cost of ownership, net of tax savings, is exactly equal to the annual rent she would…

Q: beatrice invest 1350 $ in an account that pays 4 percent simple interest how much more could she…

A: Simple interest future balance and compound interest future balance are calculated using the…

Q: 7) CALCULATE LIFE INSURANCE COVERAGE IN THE AMOUNT OF THE PREMIUM IS $0.22 PER $1000 PER MONTH…

A: First, we need to calculate the life insurance coverage for each person. This is done by multiplying…

Q: A man buys a house for $285,000 with a $60,000 down payment and takes out a mortgage at 7.5% for 15…

A: The PV of an ordinary annuity is the value today of a series of equal payments made at the same…

Q: Curtis buys a piece of commercial property for $230,000 He is offered a 20-year loan by the bank at…

A: A mortgage refers to a covered loan that has been borrowed for the purchase of a property. The…

Q: Question: Mr Rayan’s Salary structure is as follows: Basic salary Tk. 30,000 Provident Fund @ 5% of…

A: Pension plan refers to a plan in which employer make contribution for the employee’s future life…

Q: A woman, with her employer's matching program, contributes $400 at the end of each month to her…

A: The question is based on the concept of Annuity.

Q: IRAs If a merchant deposits $1500 at the end of each tax year in an IRA paying interest at the rate…

A: Amount saved in 20 years is future value of yearly deposits  calculated using fv function in excel

Q: A woman, with her employer's matching program, contributes $600 at the end of each month to her…

A: The Future Value of the annuity is the total value of all the payments which is occurred regularly…

Q: Employee Pensions (LO 5.4)

A: According to SEP-IRA plan, a self-employed person can contribute towards a retirement scheme or an…

Q: An insurance policy pays $50,000 immediately or $4,000 every 6 months for 10 years beginning now.…

A: Interest rate refers to the charge at which the loan is to be provided by the lender to the borrower…

Q: What does “nonrecourse” financing mean?

A: Nonrecourse financing is a branch of commercial lending. It makes the lender only to repay from the…

Q: 16. How much would you pay for the right to receive $28,750 at the end of 10 years if you can earn…

A: Future value = fv = $28,750 Time = t = 10 years Interest rate = r = 5%

Q: 7. You graduate from the Trobe University on your 25th birthday and you immediately find a job with…

A: The objective of this question is to calculate the total amount saved for retirement, given a fixed…

Q: QUESTION 5 Your client is currently 21 years old. The interest rate on the funds your client has…

A: It is a case of calculating the future value of annual deposits that will be used to make annual…

Q: How much is their monthly payment?   Monthly payment    $      Complete the table for the breakdown…

A: A loan is a sort of debt that is taken on by an individual or another institution. The lender, which…

Q: What is the process of consideration of the payback period?

A: Payback period It computes the required time to recover back the project’s investment by way of…

Q: You are the wage earner in a "typical family," with $60,000 gross annual income. Use the easy method…

A: Insurance needed as per easy method is 70% of income for 7 years.

Q: 7. Taxpayer, age 68, just purchased an annuity contract at a cost of $100,000. Assume that the…

A: An annuity is a contract that a taxpayer enters into with an insurance company under which the…