Questions from Financial Algebra

Q: Let x represent the taxpayer’s taxable income and y represent the tax

Let x represent the taxpayer’s taxable income and y represent the tax. Express the line of the Schedule D worksheet below as a linear equation in 51 ymxb form. Use interval notation...

Q: Patrick earns x dollars per hour for his regular 40 hours per

Patrick earns x dollars per hour for his regular 40 hours per week. He also works 3 hours overtime each week, at a time-and-a-half rate. Express his annual salary algebraically.

Q: Write a piecewise function to represent the tax y for the taxable

Write a piecewise function to represent the tax y for the taxable income interval in Schedule Y-2 below for a taxpayer whose filing status is married filing separately..

Q: Ann’s W-2 form reported total Medicare wages as $88

Ann’s W-2 form reported total Medicare wages as $88,340. She contributed $50 per weekly paycheck to her FSA and $90 per weekly paycheck to her retirement plan. She received a 1099 form from her bank f...

Q: Ina is depositing money into a savings account that pays 1.

Ina is depositing money into a savings account that pays 1.4% interest compounded quarterly. She wants to determine how long it will take for $2,000 to grow to $2,400. Use the steps below to find the...

Q: Mike pays $8,000 in property taxes, but receives

Mike pays $8,000 in property taxes, but receives a 28% tax deduction for it. What is Mike’s net expense for property taxes?

Q: A rectangular room measures 18 feet by 25 feet. It is

A rectangular room measures 18 feet by 25 feet. It is going to be covered with carpeting that sells for $8.45 per square foot. a. What is the area of the room in square feet? b. If the room is drawn...

Q: Vince purchased a used car for $11,200. This

Vince purchased a used car for $11,200. This make and model used car straight line depreciates to zero after 7 years. a. Identify the coordinates of the x- and y-intercepts for the depreciation equat...

Q: Katherine and Alex had an adjusted gross income of g dollars.

Katherine and Alex had an adjusted gross income of g dollars. Katherine just got a $2,000 raise. They are considering moving to a new house with monthly mortgage payment m dollars, semiannual property...

Q: The Xiomaras have an adjusted gross income of $137,865

The Xiomaras have an adjusted gross income of $137,865. They are looking at a new house that would have a monthly mortgage payment of $1,687. Their annual property taxes would be $7,550 and their semi...