1. Calculate your gross annual income, if you get paid $15.00 an hour and you work 8 hours a day and 4 days a week for 36 weeks of the year. 2. Calculate your gross monthly income, if you get paid a yearly salary of $132,000. 3. Calculate your gross annual income, if you make 3% commission from your total sales, assuming you average total sales each month of $750,000. 4. Calculate your after tax monthly income on problem # 1 above, if you pay 10% federal income tax, 6% social security, and 1% medicare. 5. Calculate your after tax monthly income on problem # 2 above, if you pay 18% federal income tax, 6% social security, and 1% medicare.
1. Calculate your gross annual income, if you get paid $15.00 an hour and you work 8 hours a day and 4 days a week for 36 weeks of the year. 2. Calculate your gross monthly income, if you get paid a yearly salary of $132,000. 3. Calculate your gross annual income, if you make 3% commission from your total sales, assuming you average total sales each month of $750,000. 4. Calculate your after tax monthly income on problem # 1 above, if you pay 10% federal income tax, 6% social security, and 1% medicare. 5. Calculate your after tax monthly income on problem # 2 above, if you pay 18% federal income tax, 6% social security, and 1% medicare.
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Transcribed Image Text:1. Calculate your gross annual income, if you get paid
$15.00 an hour and you work 8 hours a day and 4 days
a week for 36 weeks of the year.
2. Calculate your gross monthly income, if you get
paid a yearly salary of $132,000.
3. Calculate your gross annual income, if you make
3% commission from your total sales, assuming you
average total sales each month of $750,000.
4. Calculate your after tax monthly income on problem
#1 above, if you pay 10% federal income tax, 6%
social security, and 1% medicare.
5. Calculate your after tax monthly income on problem
#2 above, if you pay 18% federal income tax, 6%
social security, and 1% medicare.
6. Calculate your after tax monthly income on problem
# 3 above, if you pay 20% federal income tax, 6%
social security, and 1% medicare.
7. Calculate your monthly take home income for
problem #4 above, if you pay $50 a month for health
insurance and $20 a month toward retirement.
8. Calculate your monthly take home income for
problem #5 above, if you pay $75 a month for health
insurance and $40 a month toward retirement.
9. Calculate your monthly take home income for
problem #6 above, if you pay $100 a month for health
insurance and $50 a month toward retirement.
10. What was the best thing you did over spring break,
and did anything funny happen over spring break?
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