Questions from Financial Algebra

Q: Determine the correct entry for Box 1 assuming that the taxpayer pays

Determine the correct entry for Box 1 assuming that the taxpayer pays 33% of his total income in federal taxes.

Q: Martina is taxed at a rate of 25% for her federal

Martina is taxed at a rate of 25% for her federal taxes. Last year, she reduced her taxable income by contributing to a flexible savings plan in the amount of $2,700. If her wages before the deduction...

Q: Laurel’s W-2 form reported total Medicare wages as $100

Laurel’s W-2 form reported total Medicare wages as $100,750. She contributed $30 per weekly paycheck to her FSA and $75 per weekly paycheck to her retirement plan. She received a 1099 form from her ba...

Q: Margit works in a factory. She receives a salary of $

Margit works in a factory. She receives a salary of $12 per hour and piecework pay of 12 cents per unit produced. Last week she worked 38 hours and produced 755 units. a. What was her piecework pay?...

Q: Anton picks corn at a local farm. He is paid 80

Anton picks corn at a local farm. He is paid 80 cents per bushel for the first 50 bushels, 90 cents per bushel for the next 50 bushels, and $0.95 per bushel for all bushels picked over 100. Express al...

Q: Danielle works in a designer dress factory. She is paid $

Danielle works in a designer dress factory. She is paid $156 for each dress she sews. Last month she sewed 30 dresses. What was her total pay for the month?

Q: Edward is driving 52 mi/h on a one-lane

Edward is driving 52 mi/h on a one-lane road. He must make a quick stop because there is a stalled car ahead. a. What is his approximate reaction distance? b. What is his approximate braking distan...

Q: Last week Eric received a total piecework paycheck of $252.

Last week Eric received a total piecework paycheck of $252.48. He receives 12 cents per unit produced. How many units did he produce?

Q: Arielle receives a piecework rate of 10 cents per unit from the

Arielle receives a piecework rate of 10 cents per unit from the Wiggy Factory. Her production for last week was affected by a machinery breakdown on Tuesday. Her production results were: Monday, 375 u...

Q: Janice is a travel agent. She receives a 7% commission

Janice is a travel agent. She receives a 7% commission based on the value of the trips she books. Today she spent 5 hours arranging a $6,300 cruise for a newlywed couple. a. How much commission did s...