Emi computes the mean and variance for the population data set 87, 46, 90, 78, and 89. She finds the mean is 78. Her steps for f
2 answers:
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Answer:
$1,980
Step-by-step explanation:
We can use the simple interest formula for this:
<em>P = initial balance</em>
<em>r = annual interest rate</em>
<em>t = time</em>
<em />
First, change 2% into its decimal form:
2% -> -> 0.02
Now, lets plug the values into the equation:
The account balance after 5 years is $1,980
Chuck has a gross pay of $815.70. His gross pay will be reduced by:
- Federal tax of $56;
- Social Security tax that is 6.2% of his gross pay;
- Medicare tax that is 1.45% of his gross pay;
- State tax that is 19% of his federal tax.
Let's count:
1. gross pay of $815.70 - 100%,
Social Security tax of $x - 6.2%.
Then
2. gross pay of $815.70 - 100%,
Medicare tax of $y - 1.45%.
Then
3. Federal tax of $56 - 100%,
State tax $z - 19%.
Then
4. Chuck’s gross pay will be reduced by