Provide an appropriate response.Explain why persons that are self-employed pay at a higher Social Security tax rate and a higher Medicare tax rate.
What will be an ideal response?
The self-employed person must pay Social Security and Medicare at double the rate because there is no employer to match the employee contribution.
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Find the product.(5x - 2)(2x - 3)
A. 7x2 - 5 B. 10x2 - 11x + 6 C. 10x2 - 19x + 6 D. 10x2 + 6
Provide an appropriate response.A major advantage to using an escrow account is:
A. all of these apply to escrow B. it assures the lending agency that property taxes and insurance will be paid in a timely fashion C. the borrower is not required to include an amount for property taxes and insurance each month with their mortgage payment D. the monthly mortgage payment will be reduced by the tax and insurance payment
Identify as an equation or an expression.
x + 6 = 
x - 9
A. Expression B. Equation
Provide an appropriate response.Suppose a truck costing $36,000 is to be replaced at the end of 10 years, at which time it will have a resale value of $12,000. In order to provide money at the time for a new truck costing $40,000, a sinking fund is set up into which equal payments are placed at the end of every six months. If the fund earns 6% compounded semiannually, what should each payment be?
Fill in the blank(s) with the appropriate word(s).