Rachael has a job assembling a certain car accessory

Quantitive Method

Top of Form

Rachael has a job assembling a certain car accessory.

Last month she made a total of 424 items. Calculate her gross pay (in $) if she is paid on the following differential piecework schedule.

Pay Level	Items produced	Rate per Item
1	1–160	$9.58
2	Over 160	$11.41

$ 

 

 

Inez wants to have $14,750 in 5 years. Use the present value formula to calculate how much Inez should invest now at 4% interest, compounded quarterly in order to reach her goal.

$11,800.00$12,080.30    $12,088.28$12,123.42

 

 

3.

Georgia bought outdoor furniture for a total purchase price of $2,050.75. State taxes were 5.75%. Find the amount of the sales tax. (Round your answer to the nearest cent.)

$97.65$111.51    $116.08$117.92

 

4.

Suppose you wish to have $11,000 in 13 years. Use the present value formula to find how much you should invest now (in $) at 6% interest compounded semiannually in order to meet your goal. (Round your answer to the nearest cent.)

$ 

 

5.

 

Ross is single with an adjusted gross income of $69,100, and he uses the standard deduction for single filers. After first finding his taxable income, calculate his tax liability (in $).

$ 

 

 

6.

Find the amount (in $) of interest and the maturity value of the loans. Use the formula 

MV =  P +  I

 to find the maturity value. (Round your answers to two decimal places.)

Principal	Rate (%)	Time	Interest	Maturity Value
$185,000	14 1 2	5 months	$	$

 

7.

Suppose you bought a sofa for a total purchase price of $1,584.97. Sales tax was 4%. What was the amount of the sales tax (in $)? (Round your answer to the nearest cent.)

$ 

 

8.

The financial officer of Toys and Noise arranges a loan of $8,500, at 8.5% interest, for 31 months. Find the amount of simple interest. (Round to the nearest cent.)

$1,445.00$1,866.46    $2,239.75$3,290.32

 

9.

Gina’s base pay rate is $14.25 per hour, with overtime pay of time-and-a-half, and double-time for holidays. Calculate her gross pay if she worked 4.5 holiday hours in addition to 39 hours Monday through Saturday. (Round your answer to the nearest cent.)

$619.88$651.94    $684.00$961.88

 

10.

Maria invests $4,200, at 6% interest, compounded quarterly for one year. Use  Table 11-1 to calculate the annual percentage yield (APY) for her investment (as a %). Note: “Annual percentage yield” is also known as “effective interest rate.” (Round your answer to two decimal places.)

 %

 

 

 

 

 

 

11.

A store manager obtained a loan of $35,000, at 

6

3

8

%

 interest, for 14 months to purchase supplies. Find the amount of simple interest. (Round to the nearest cent)

$2,231.25$2,603.13    

$3,114.38$31,237.50

Explanation & Answer

Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Order Now and we will direct you to our Order Page at Litessays. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.