Contemporary Mathematics for Business & Consumers - With LMS CengageNOW

8th Edition

ISBN: 9781337125468

Author: Brechner

Publisher: Cengage

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Unitary Method

The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.

Speed, Time, and Distance

Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 …

Profit and Loss

The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.

Units and Measurements

Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experime…

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Textbook Question

Chapter 18.III, Problem 10TIE

Nick Bontempo is single, claiming two exemptions. He is an iron worker earning $35,000 in wages per year. Last year he also earned $1,200 in cash dividends from his investments portfolio. Nick contributed $1,500 to his individual retirement account and gained $5,000 from the sale of 100 shares of Consolidated Widget stock. The stock sale was classified as a short-term sale, so it counts as ordinary income. His itemized deductions amounted to medical expenses of $1,250 in excess of IRS exclusions. $2,945 in real estate taxes. $2,500 in mortgage interest, and $300 in charitable contributions. From this information, calculate Nick's taxable income.

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Chapter 18.II, Problem 20RE

Chapter 18.III, Problem 11TIE

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Chapter 18 Solutions

Contemporary Mathematics for Business & Consumers - With LMS CengageNOW

Ch. 18.I - Use Exhibit 18-1 to determine the amount of sales...Ch. 18.I - Andy Bennett purchased a car for $38,600 at Auto...Ch. 18.I - At the end of a business day, the cash register at...Ch. 18.I - An archery set at The Sports Authority in Mason,...Ch. 18.I - Use Exhibit 18-1 to determine the sales tax and...Ch. 18.I - Use Exhibit 18-1 to determine the sales tax and...Ch. 18.I - Use Exhibit 18-1 to determine the sales tax and...Ch. 18.I - Use Exhibit 18-1 to determine the sales tax and...Ch. 18.I - Use Exhibit 18-1 to determine the sales tax and...Ch. 18.I - Use Exhibit 18-1 to determine the sales tax and...

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Solution Summary: The author explains how to calculate the taxable income of person N, who is single and claims the two exemptions.

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Chapter 18 Solutions