Business Mathematics 14th. Edition by Gary Clendenen, Stanley A. Salzman | 9780134693323 | 0134693329 | Holooly

Business Mathematics

348 SOLVED PROBLEMS

Question: 6.4.4

Dac Kien is married, claims three withholding allowances, and receives $7850 a month working as a chemical engineer for Dupont. Use the percentage method to find his withholding tax. ...

Verified Answer:

Step 1 The amount of one withholding allowance mon...

Question: 4.2.6

Ben James is studying monthly demand for Chevrolet Impalas in two different regions of the country. He has 14,200 new Impalas to ship to the two regions, and he decides to ship 3350 more to the Southeast region than to the mid–Atlantic Coast region. Find the number to be shipped to the mid–Atlantic ...

Verified Answer:

\begin{matrix} \ \ \ \ \ \ \ \ \ \ \ \ \ \ ...

Question: 6.3.3

Find the Social Security tax and the Medicare tax paid by Ta Shon Williams, a self-employed web designer who had adjusted earnings of $53,820 this year. ...

Verified Answer:

Social Security tax = $53,820 × 12.4% = $53,820 ×...

Question: 6.4.5

Ben Fisher is a single architect who claims two exemptions. He has semimonthly (twice a month) gross earnings of $4430. Use the percentage method to find the amount of withholding for each paycheck. ...

Verified Answer:

One withholding allowance for semimonthly is $168....

Question: 6.4.3

Sarah Brynski at Starbucks is married, claims two withholding allowances, and had weekly gross earnings of $690 one week. Use the percentage method to find the withholding tax. ...

Verified Answer:

CASE IN POINT Step 1 From the table titled “Percen...

Question: 6.4.1

Benito Flores works for Apple. He is single and claims no withholding allowances since he prefers to get money back from the government when filing his income tax return. This choice will increase the amount withheld from his paycheck every week. Use the wage bracket method to find his withholding ...

Verified Answer:

Use the table for single person, weekly payroll. T...

Question: 6.4.2

Pat Rowell is married, claims three withholding allowances, and has monthly gross earnings of $2780.50. Find her withholding tax using the wage bracket method. ...

Verified Answer:

Use the table for married persons—monthly payroll ...

Question: 7.2.3

Find the list price of a Bunn 10-cup Generation home brewer having a series discount of 10/30/20 and a net cost of $60.48. CASE IN POINT ...

Verified Answer:

Use complements to find the percent paid. ...

Question: 7.2.2

Find the list price of a Kohler kitchen sink that has a net cost of $243.20 after trade discounts of 20/20. ...

Verified Answer:

Use a net cost equivalent. Start by finding the pe...

Question: 16.3.1

Bev Johnson’s sales at her deli grew rapidly and she now has 7 employees. She promises them that each can work about the same number of hours each month, but one employee complains that she worked considerably more hours than the others. The number of hours worked by each of the seven employees ...

Verified Answer:

Add the numbers and divide by 7, since there are 7...

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