Questions from Financial Algebra

Q: A car is originally worth $43,500. It takes

A car is originally worth $43,500. It takes 12 years for this car to totally depreciate. a. Write the straight line depreciation equation that models this situation. b. How long will it take for th...

Q: Prices for used stainless-steel side trim for a 1957 Chevrolet

Prices for used stainless-steel side trim for a 1957 Chevrolet convertible are $350, $350, $390, $400, $500, $500, $500, $600, $650, $725, $800, $850, $900, and $1,700. The prices vary depending on co...

Q: Kathy purchased a new car for $37,800. From

Kathy purchased a new car for $37,800. From her research she has determined that it straight line depreciates over 14 years. She made a $7,000 down payment and pays $710 per month for her car loan. a...

Q: Grahams Ville High School recently polled its teachers to see how many

Grahams Ville High School recently polled its teachers to see how many miles they drive to work each day. At the left is a stem-and-leaf plot of the results. a. How many teachers were polled? b. Fi...

Q: Stewart has $25,000 worth of property damage insurance and

Stewart has $25,000 worth of property damage insurance and a $1,000 deductible collision insurance policy. He crashed into a fence when his brakes failed and did $7,000 worth of damage to the fence. T...

Q: Delia purchased a new car for $25,350. This

Delia purchased a new car for $25,350. This make and model straight line depreciates to zero after 13 years. a. Identify the coordinates of the x- and y-intercepts for the depreciation equation. b....

Q: Josephine is looking for a new part-time job as a

Josephine is looking for a new part-time job as a plumber. She responds to an ad for a position that pays $44.5K. What would her weekly salary be to the nearest cent if she gets this job?

Q: The Price King Auto Mall pays their sales staff by commission.

The Price King Auto Mall pays their sales staff by commission. They are paid a percent of the profit the dealership makes on each sold car. If the profit is $900 or less, the commission rate is 18%. I...

Q: Determine the tax for each filing status and taxable income amount listed

Determine the tax for each filing status and taxable income amount listed using the tax tables in the Appendix, or using the current tables at www.irs.gov, depending on what your teacher requires. a....

Q: Use Schedule Y-1 to answer the questions below.

Use Schedule Y-1 to answer the questions below. a. What is the tax for taxpayers filing jointly with a combined taxable income of $134,786? b. A married couple’s tax is approximate...