Solve the problem. Refer to the table if necessary.
Mark earned $72,978 from wages as a mechanic and made $3389 in interest. Calculate his FICA tax. If necessary, round values to the nearest cent.
A. $5631.96
B. $5582.82
C. $5842.08
D. $5548.93
Answer: B
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Samuel just inherited an annuity. He will receive six equal annual payments of $18,000, beginning today. Assuming a 10% interest rate compounded annually, the present value today of all receipts is
A. $64,886. B. $78,395. C. $86,234. D. $75,058.
Assume you have a balance of $3200 on your credit card that you want to pay off. Calculate your monthly payment and total payment under the given conditions. Assume you make no additional charges to the card.The credit card APR is 18% and you want to pay off the balance in 1 year.
A. $441.55; $5298.61 B. $251.22; $3014.66 C. $293.38; $3520.51 D. $352.53; $4230.33
Decide whether the statement makes sense. Explain your reasoning.Before the government borrows money from its own trust funds such as the Social Security trust fund to finance a deficit, it first tries to cover the deficit by borrowing from the public .
What will be an ideal response?
Which technique ensures that personal characteristics that might affect the outcome of an experiment are scattered among research participants in the different groups, thereby making the groups roughly equivalent?
A. dependent recursion B. random assignment C. independent assignment D. regression to the mean