Answer:
Francis net pay: 1,349.62 dollars
Explanation:
50,000 dollars per year
we divide over 24 payment per year: 2,083.33
we calculate the deductions
6.20% social security = 129.16
1.45% medicare = 30.21
3% 401(k) = $ 62.50
section 125 plan $ 25.00
advance repayment $ 375.00
750 / 2 = 375
taxable income: 2,083.33 - 62.5 - 25 = 1,995.83
Federal income tax: 1.6% $ 32.00
State Income tax: 4% $ 79.83
Net pay: 1995.83 - 32 - 79.83 - 129.16 - 30.21 - 375 = 1,349.62
This kind of reasoning is said to be DEDUCTIVE REASONING.
Deductive reasoning is the process of reasoning based on multiple premises that are generally believed to be true. Deductive reasoning usually moves from the general to the specific. For instance, in the question given above, Jason reasoned that if other products are sold at discounted prices, then the items that are newly available will also be sold at discounted prices.
<span>To find earnings per share, simply divide the company's net income by the number of shares that are outstanding. In this case, the values are $280,000/80,000. This gives a value of $3.50 for the earnings per share outstanding. Dividends, in this case, are not necessary for the calculation.</span>
Organic farming would have higher costs, and would be more complex than conventional farming. However, the Suarez family could charge a higher price for organic produce. This type of farming also would be better for the land.
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