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- Use the percentage method of income tax calculation to complete the payroll roster ( in $). David Grange is married and claims 4 withholding allowances. If he paid biweekly and earns $1,844 per period, use the percentage method to find his income tax withholding each pay period. Round your answer to the nearest cent.Tobacco Judgment As part of the largest-todate damage award in a jury trial in history, thepenalty handed down against the tobacco industryincluded a $74 billion judgment against Philip Morris.If this amount was 94% of this company’s 1999revenue, how much was Philip Morris’s 1999revenue?(Source: Newsweek)Jack and Terry Wittry are in their retirement years. They just received $503,000 after taxes from the sale of their vacation home and decided to invest the money in a bond mutual fund. They chose a no-load mutual fund that yields 7%. How much will they receive each year? How much would they need to invest if they needed to earn $38,000 per year? (Round "Amount to be invested" to the nearest cent.) Amount received $ _____ Amount to be invested $ _____
- SNIC Insurance expected their health insurance loss ratio to be 69% for the current year. The actual losses and loss adjustment expenses are $13,850,250 while the premiums earned are $18,560,300. Using the loss ratio method, by what percentage should the company increase their premiums for the next financial year? a. 6% b. 7% c. 9% d. 8%4 In March 2019, the Hartford Courant reported that "Newington Town Manager Tanya Lane proposed a $124.2 million budget Monday night =- a 4.7 percent increase over the previous year" [R141) What was Newington's budget in the "previous year"?Use the given partial stock table. Round dollar amounts to the nearest cent when necessary. Michele Desjardins bought 850 shares of Apple (APPL) at the 52-week low and sold the shares at the 52-week high shown in the table. (a) Ignoring dividends, what was Michele's profit or loss on the sale of the stock? $ (b) If her broker charges 2.4% of the total sale price, what was the broker's commission? $
- Solve the problem where the amount of wages (after subtracting withholding allowances) is over $551 but not over $1,767 so the amount of income tax to withhold is $39.70 plus 12% of excess over $551.Use the percentage method of income tax calculation to complete the payroll roster (in $). Employee MaritalStatus WithholdingAllowances Pay Period GrossEarnings Income TaxWithholding White, W. S 0 Semimonthly $1,385 $East Coast DVD employs 54 workers with a gross biweekly payroll of $92,126.00. Fringe benefits are $14.18 per employee for life insurance and 12.3% of payroll for a stock purchase plan. What is the total cost of fringe benefits? $3,024.30 $6,048.61 $12,097.22 $104,096.22A hurricane caused $183,000 in damages to a building owned by Dreamscape Landscaping. The building was insured by several carriers for a total of $480,000 and all coinsurance requirements were met. If Erie Insurance Group is providing $144,000 of the total coverage, what is their share of the loss (in $)?
- Tina Parker, a single mother, is 30 years old. She has called on you for an insurance consultation. Her objective is to purchase life insurance protection for the next 10 years while her children are growing up. Tina tells you that she can afford about $450 per year for insurance premiums. You have suggested either a 10-year term policy or a whole life policy. (a) Using Table 19-1, rounded to the nearest thousand, how much insurance coverage (in $) can Tina purchase under each policy? Hint: Divide her annual premium allowance by the rate per $1,000 for each policy. 10-year term policy $? whole life policy $? (b) If she should die in the next 10 years, how much more (in $) will her children receive under the term insurance? $? (c) Using Table 19-3, if she should live beyond the 10th year, determine her nonforfeiture options with the whole life policy. Option 1: Cash value (in $) $? Option 2: Reduced Paid-up Insurance (in $) $? Option 3: Extended Term (Enter your…Eleven years ago, Blueridge Manufacturing paid $120,000 for equipment. The equipment is only worth $18,000 today. Using declining balance depreciation, determine how much the equipment depreciated in the first year. Hint: Find the depreciation rate first, and do not round the rate. Group of answer choices $100,990.48 $9,272.73 $19,009.52 $110,727.27Ignacio was involved in an auto accident in which he was at fault. His own car sustained $3,827 damages and the other vehicle cost $1,709 to repair. Ignacio was not injured, but the driver of the other car required medical treatment costing $34,550 and a passenger's injuries totaled $3,944. Ignacio’s policy includes 15/30/10 liability, $250 deductible collision and $100 deductible comprehensive. How much of the damages must the insurance company pay? Group of answer choices $43,680 $30,000 $24,230 $21,840 I keep getting a different answer than one of the choices 2028.60