Question:

Consumer math help, 10 points.?

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1. Sally earns $603.98 each pay period. If she is paid semimonthly, how much is her annual salary?

2. Helen earned 23,500 annually; 6.5% of her gross pay was withheld for state and local taxes. How much were her taxes?

3. Ron is a writer, so he must pay FICA tax at the self employed rate of 15.3% How much must he pay on an annual income of 38,500?

4.Barbara earns 24,500 per year. She pays 15% of her gross income for federal, state and local taxes. She is taxed at the FICA rate of 7.65%. She has 7% of her income withheld for personal deductions. She is paid twice a month. What is her net pay for each pay period?

5.Janet deposited 2,00 at 10% interest compounded quaterly. Find the amount in her account at the end of the two quarters.

6.Katie borrowed 750 at 14% interest for 3 months. How much does she have to repay under a single payment plan?

7.Joe borrowed 895 at 11.5 interest for 24 months under an add on plan. How much is his monthly payment?

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3 ANSWERS


  1. Looks a lot like you just want the answers to me, how is that "helping?" Around my home its called cheating.


  2. I agree with Melissa.  You don't want help, you want answers so you can cheat.  That helps NO ONE.  It only hurts you.

    Try posting in the "homework help" category, not in "homeschooling".

  3. 1. Semi monthy is twice a month, so:

                    52 weeks in year/2= 26

                          603.98 x 26=

    2.    __X__ = __6.5__     ...just cross multiply

            23000        100

    ...if you can get 1 and 2, then you can apply these two concepts to get the rest...

    best of luck :)

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