JP = 2x ; PK = 7x ; JK = 27
Answer: n = 4
Step-by-step explanation:
n is always equal to the number of times 10 could be raised to so as to make a total of the number in question.
Answer:
16%
Step-by-step explanation:
80/100x 20/1 = 1600/100 cut0 n d16%a
b. 36°
c. 126°
d. 136°
1a) Calculate how much Cindy will have to pay in Social Security tax (6.2%) based on this salary.
1b) Calculate how much Cindy will have to pay in Social Security tax if the tax was increased by 1.89%.
2a) Calculate Cindy’s annual Social Security benefit (about 42%) if her salary remains unchanged until she retires (annual average is $45,000).
2b) Calculate Cindy’s annual Social Security benefit if her salary remains unchanged but benefits (based on her annual salary of $45,000) were cut from 42% to 29%.
3) If Cindy were given a choice between the increase in Social Security tax now or the decrease in Social Security benefits when she retires, which would you recommend she choose? Explain your answer thoroughly.
Answer:
1a) $45,000 * 0.062 = $2,790
1b) 6.2% + 1.89% = 8.09%; $45,000 * 0.0809 = $3640.50
2a) $45,000 * 0.42 = $18,900
2b) 42% - 13% = 29% $45,000 * 0.029 = $13,050
3) You should probably recommend she pay the extra taxes now. If the tax were increased by 1.89%. Cindy would have to pay an extra $3640.50 - $2,790 = $850.50 per year for the 32 years before she retires. This adds up to $27,216 over the length of 32 years. On the other hand, if benefits were decreased from 42% of her salary to 29% of her salary the time of Cindy’s retirement (approximations), she would receive $18,900 - $13,050 = $5,850 less per year after she retires. This adds up to $58,500 in just 10 years.
Step-by-step explanation:
This is the answer they have given me.