If his current wage is $15.00 per hour, how much will he make per year?15*40*52= $31,200.00 annually 2. How much would Joe’s wages be in an average month?31200.00/12 = $2600.00 3. Based upon the information in the video, Joe has a car payment of $249 per month. The average utilities are: Electricity,
| Math 103 Final Project – Parts 1, 2, and 3 | | | Math 103 Instructor: Toni Robertson December 11, 2010 Math 103 Instructor: Toni Robertson December 11, 2010 Part 1: 1a. What is the shortest loan (36 months, 48 months, 60 months or 72 months) that has a monthly payment within your $500 budget that will allow you to buy the $15,000 car? Answer: Through Bank of America, I found a rate of 2.99% for the 36, 48 and 60 month loans. We are able to put down 20% and will need to finance $12,000. The shortest loan period for the $15,000 car that would be under our $500 limit is the 36 month loan at a rate of $348.93 per month.
During the 1920’s, the Great Depression took effect into America’s economy. The Great Depression was the biggest crisis to hit the American economy at that time and today. The Great Depression took place from the years of 1929 up to 1933, but not completely recovered until about a decade. The Presidents at this time were Herbert Hoover (31st President), and Franklin Delano Roosevelt (32nd President). Even though these two Presidents were both in term during the Great Depression, the two Presidents seemed to have very different viewpoints on how to take control and terminate the Great Depression.
If the company’s opportunity cost is 15 percent, what is the present value of these cash flows? (Round to the nearest dollar.) • $480,906 • $429,560 • $414,322 • $477,235 20. Jack Robbins is saving for a new car. He needs to have $21,000 for the car in three years.
Graded Assignment Practice: You Do the Math Answer the following questions to learn more about wages and income levels in the United States. 1. Calculate the hourly wage associated with the two annual income levels listed below. Assume that an individual works 40 hours per week for 50 weeks each year. (5 points) Annual income Hourly wage 2005 U.S. federal poverty line for a family of four $19,350 $9.675 2005 U.S. median household income $46,326 $23.163 2.
Starting in the year 1929 and lasting throughout the 1930’s, America was brought into the worst economic slump that America and the rest of the world has ever been brought into. This would soon be known as The Great Depression. What caused this depression was the crash of the stock market in 1929 and almost all of the Americans had to suffer from the stock market crash. People were without jobs, homeless, and left without nothing but their families and the clothes on their back. Some of the hardships that the Americans faced were unbearable.
1. A company's payroll information for the month of May follows: Administrative salaries | $2,000 | Sales salaries | 3,500 | Shop wages | 4,000 | FICA taxes withheld | 700 | Federal income taxes withheld | 1,300 | Medical insurance premiums withheld | 415 | Union dues withheld | 205 | | | On May 31 the company issued Check No. 335 payable to the Payroll Bank Account to pay for the May payroll. It issued payroll checks to the employees after depositing the check. (1) Prepare the journal entry to record (accrue) the employer's payroll for May.
In year 2 it reports a $40,000 loss. For year 3, it reports taxable income from operations of $100,000 before any loss carryovers. Using the corporate tax rate table, determine how much tax Willow Corp. will pay for year 3. Answer: $4,500. Description (1) Year 3 taxable income $100,000 (2) Year 1 NOL carryforward ($30,000) (3) Year 2 NOL carryforward ($40,000) (4) Taxable income reported 30,000 (1) - (2) -
In that same year the average yearly income for was $750! Present day standards for the yearly average income are 18,500. Henry Ford now would be making around 345 million. The disparity in wealth grew largely throughout 1920 .the number of millionaires increased from 21 in 1920 to close to 15,00 in 1929 . The average disposable Income rose 9% from 1920 to 1929, while the top 1% enjoyed a stupendous 75% increase of disposable income.
The timing of the Great Depression started in 1930 and lasted until the late 1930s or early 1940s. It was the longest, most widespread, and deepest depression of the 20th century. In the 21st century, the Great Depression is commonly used as an example of how far the world's economy can decline. Cities all around the world were hit hard, especially those dependent on heavy industry. Farming and rural areas suffered as crop prices fell by approximately 60%.