Business Math

Sullivans Handbags marks up their bags at 45% of the merchandising price. Pat Sullivan saw a bag at a trade show that she would sell to her customers for $85. What is the most she could hire for the bag and even-tempered retain the 45% markup of the selling price? 6. Jeff Jones earns $1,200 per week. He is matrimonial and claims four withholding allowances. The FICA rate is as follows: Social certificate rate is 6.2% on $97,500; Medicare rate is 1.45%. To date his cumulative fight are $6,000. Each paycheck, his employer also deducts $42.50 for health insurance. What is his net pay? (Calculate FIT by the percentage method.) 7. Lisa Kane borrowed $8,000 on an 8%, 60-day note. After 15 days, Lisa paid $2,000 on the note. On day 45, Lisa paid $1,000 on the note. What is the total interest and ending parallelism due by the U.S. rule? Use ordinary interest. 8. On May 12, Bob Campbell accepted a $5,000 note in granting a time extension of a bill of goods bought by squirm Ween. Terms of the note were 8% for 120 days. On July 8, Bob needed to raise cash and discounted the note at Ricks bank at a discount rate of 9%. Calculate Bobs proceeds. 9. Jacob Fonda deposited $25,000 in a nest egg account at 10% interest heighten semiannually.

At the beginning of Year 4, Jacob deposits an additional $40,000 at 10% interest compounded semiannually. At the end of six years, what is the balance in Jacobs account? 10. Roger Fox made deposits of $900 semiannually to Reel Bank, which pays 6% interest compounded semiannually. After seven years, Roger made no to a greater extent deposits. What would be the balance in the account eight years afterwards from the last deposit? 11. Dick Hercher borrowed $7,000 to travel to London. His loan is to be paid in 48 monthly installments of $190. At the end of 14 months, Dick decides to pay off his loan. What is the final payoff Dick will guard? If you want to get a full essay, order it on our website: Orderessay

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