Jerome Jones delivers pizza for Papa’s Pizza. He earns $7.80 an hour plus time-and-a-half for every hour over 40. Last week he worked 45 hours. Deductions included Social Security at 6.2% of gross, Medicare at 1.45% of gross, and federal income tax of $14. What was Jones' net pay, rounded to the nearest cent?

Answers

Answer 1

His net pay is $328.16.

The first step is to calculate Jerome’s salary.

Regular time - 40 x $7.80 = $312

Overtime - 5 x $7.80 x 1.5 = $58.50

Total Salary = $312 + 58.50 = $370.50

The next step is to calculate the deductions:

Social security = 370.50 x .062 = $22.97

Medicare = 370.50 x .0145 = $5.37

Federal Income Tax = $14

Total Deductions = 22.97 + 5.37 + 14 = $42.34

$370.50 - $42.34 = $328.16


Related Questions

Jenna brought in $25,000 to her startup firm at the beginning of the year. During the year, she withdrew $2,500 for her personal expenses. The business earned $10,000 at the end of the accounting period after paying off all its expenses. What is the value of Jenna's capital account at the end of the accounting year?

Answers

25000-2500=22500

22500+10000 =32500

Answer:

Total is $32,500

do you think that the dairy industry is an example of a purely competitive market?​

Answers

Normally purely competitive markets are luxuries. Dairy is necessary for children and adults to get their daily calcium and vitamin d (among other things). In the current market, families can choose vegan, vegetarian, or non-lactose choices for milk, ice cream, etc. Essentially this product is regulated by the government and maintains a low cost even when other “necessary” items go up.

Jmo
Final answer:

The dairy industry is not a purely competitive market. It better aligns with monopolistic competition due to product differentiation and numerous sellers. It also does not fit an oligopolistic structure, as the industry is not dominated by a few firms.

Explanation:

The dairy industry often does not exemplify a purely competitive market due to the presence of monopolistic competition and oligopolistic tendencies. It's important to understand that a purely competitive market is one with many sellers offering essentially the same product, and who have no control over market price. However, in the dairy industry, while there are numerous sellers, there is product differentiation (e.g. organic milk, lactose-free milk, etc.). Also, certain brands may have market power that slightly influences prices. A market structure that fits the dairy industry better is one of monopolistic competition, where many firms offer differentiated products. Oligopolistic markets which are dominated by a few firms, isn't a proper classification for the dairy industry as it is quite fragmented and not dominated by a few firms. Each dairy farm makes independent decisions about production and pricing, contrary to the strategic interdependence found in oligopolies.

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When joe didn't have car insurance, he drove very cautiously, because he knew he would have to pay for any damage to his car. now that he has car insurance, he tends to speed more, because he knows that even if he gets into an accident, his insurance will cover it?

Answers

This is an example of a moral hazard, which is when someone is more likely to engage in dangerous behavior when they perceive that they are protected from the consequences.

The concept where Joe drives more recklessly after getting car insurance is known as moral hazard. It implies that the presence of insurance can lead to riskier behavior, as the financial responsibilities in the event of an accident or illness are mitigated by the insurance coverage. Consequently, this can affect insurance premiums and individuals' decision-making processes.

Moral Hazard and Car Insurance

The phenomenon where Joe tends to drive more recklessly after getting car insurance is known as moral hazard. This concept illustrates how individuals may engage in riskier behavior because they feel protected by insurance. For instance, with health insurance, people might not be as proactive in preventing illness, or with car insurance, they might not be as careful on the road. Similarly, a business might opt for minimal security systems if they have ample insurance against theft and fire, as opposed to taking stringent measures when uninsured. In the broader context of insurance premiums, if there's a higher likelihood of dealing with uninsured motorists, the insurance companies might increase premiums, anticipating higher average payouts per accident. This can lead to a cycle where high insurance cost contributes to more uninsured drivers, which in turn pushes premiums higher.

Overall, having insurance changes the decision-making process, influencing individuals to make different choices regarding car maintenance, driving habits, or even lifestyle choices in the case of health insurance. Therefore, while insurance provides vital financial protection, it can also unintentionally encourage less cautious behavior.

Upgrade realty typically sells houses valued between $150,000 to $300,000. however, they just listed an upscale property for $7,875,000. what would be a good advertising medium to utilize to sell this pricey home?

Answers

The TV and radio because in this way everybody will hear them

Most "okies" in california finally escaped the deprivation and uncertainty of seasonal farm labor when they

Answers

Found jobs in defense industries during World War II?

Answer:

Most "okies" in california finally escaped the deprivation and uncertainty of seasonal farm labor when they

found job in defense industries during the second world war.

Explanation:

"Okies" is a term to name Oklahoma born people, it was used to name Oklahoma natives migrants in California in the 1920s. They were poor and the majority or they only know to work in farms. However, after a certain time, the war and conflict between the axis and the allies escalated provoking that defense position was required and the "Okies" saw an opportunity to engage in the seek of a better life.

If you have an extremely "bullish" outlook on the stock market, you could attempt to maximize your rate of return by ________________. purchasing out-of-the-money call options purchasing at-the-money bull spreads purchasing in-the-money call options purchasing at-the-money call options

Answers

purchasing out-of-the-money call options is the answer

Alan tells sherry that he will pay her​ $5,000 if she runs the boston marathon. once sherry starts running the​ marathon, alan​ ________.

Answers

alan cannot revoke the contract

List at least 3 risks your company will face , and explain how you will manage those risks

Answers

There are many risks that businesses face, including:

Competition risk - there could be another business that draws customers away from your company. Economic risk-  if the economy is doing poorly, it could increase costs or reduce sales Reputation - if someone posts a bad review online, how will that effect your sales? Legal/Compliance issues- you have to comply with industry regulations and laws, and there is great risk to you and the business if you break these rulesResources risk - if you rely on a specific material to run your business and that material isn't available you could be in trouble (ex. if the orange crop is wiped out by a hurricane, orange juice makers could be in trouble)
Final answer:

Three risks a company may face are market risk, operational risk, and reputation risk. They can be managed through strategies such as regular market analysis and system audits, proper internal procedures, and ethical business practices.

Explanation:

There are numerous risks a company might face, but let's focus on three of them: market risk, operational risk, and reputation risk.

Market Risk: This is the risk that the company could suffer losses due to fluctuations in market variables such as interest rates or exchange rates. To manage this risk, the company needs to perform regular market analysis, keep track of global economic indicators, and use strategies such as hedging.Operational Risk: Operational risk involves losses caused by inadequate or failed internal processes or systems. The company can manage these risks through implementing proper internal controls and an effective risk management system, regular system audits, and staff training.Reputation Risk: This is the risk of damaging the reputation of a company which may result in loss of customers or revenues. Creating a strong PR strategy, giving quick responses to issues, and maintaining ethical business practices helps manage reputation risk.

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When an organization is using concentration strategy, it will _____.A. have short-run pay levels below the marketB. have a long-term orientationC. make centralized pay decisionsD. maintain high variable pay levelsE. have benefit levels below the market

Answers

When an organization is using concentration strategy, it will C. make centralized pay decisions.

A concentration strategy is is when a business focuses on a single market or product for them to produce. They are producing and marketing only one product so they are able to become experts in that area. However, with the investment into just one area, there is a large amount of risk if they do not succeed.

When an organization is using concentration strategy, it will make centralized pay decisions. Option (c) is correct.

What do you mean by Strategy?

Setting objectives and goals, choosing actions to attain the goals, and allocating resources to carry out the activities are all common components of strategy. A plan outlines the ways by which the outcomes (goals) will be accomplished (resources).

A concentration strategy is when a company concentrates on one specific market or product to manufacture. They can specialize in that sector since they only produce and promote one product. However, there is a considerable level of danger if they fail because they are investing in only one sector.

Therefore, Option (c) is correct. When an organization is using concentration strategy, it will make centralized pay decisions.

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The decision by one of the courtroom professionals to​ charge, or not to​ charge, a person with an offense is​ called:

Answers

This is the decision to prosecute.

District attorneys and other courthouse officials have to make the decision on whether someone who was arrested will actually be charged with a crime or not.

Answer:

Prosecutorial Discretion

Explanation:

Prosecutorial discretion deals with an officer deciding on what charges to bring up against an individual and how to pursue the case. The officer can also decide to drop and not pursue the case any longer.

It is the decision by one of the courtroom professionals to​ charge, or not to​ charge, a person with an offense.

Georg, a german citizen, just purchased 10 shares of stock in microsoft, a u.s. company. this purchase is an example of

Answers

Foreign portfolio investment, which is simple people in one country investing in the assets of another country.

In some cases, businesses have banded together to agree on how they will treat their customers. this is called:

Answers

Voluntary industry codes of conduct.

The answer is Voluntary industry codes of conduct.

Hope this helps!

All the different management fees and fund's operating costs are often referred to as a(n): Question 17 options: financial ratio. expense ratio. investment ratio. management ratio.

Answers

Answer:

The answer is expense ratio.

Explanation:

This term is also known as management expense ratio (MER), which refers to how much a fund’s assets are used to pay for the total costs incurred due to business operations. This term is used in the context of investment funds, and will affect how much return an investor would receive. To get the expense ratio, you can divide the total fund costs to the total fund asset.

Janeesa drove 75 miles. This represents 60% of her entire trip. What is the total number of miles in Jeneesa's trip?

Answers

125 Miles

Make x stand for the total trip miles.

75 = .6x

Divide by .6 (60%)

x= 125 miles

Answer:

An electronic resume is a plain text (ASCII), PDF or HTML document that provides an employer with information regarding a job candidate's professional experience, education and job qualifications and is meant to be read by a computer program instead of by a human being.

Explanation:

Many large companys process all their incoming resumes electronically by using an automated applicant tracking systems (ATS) or subscribing to a resume scanning service that scans resumes as images and uses optical character recognition (OCR) software to read the text. Essentially, the information contained on the resumes is entered into a relational database so when the company needs to hire new talent, someone from the human resources management (HRM) department can query the database for possible candidates. Resumes that match a specified score for keywords that were identified by the hiring manager are then selected for human review.

_____ place a high value on money, so linking training to monetary incentives facilitates learning for them.

Answers

Millennials place a high value on money, so linking training to monetary incentives facilitates learning for them.

Jeff is a financial advisor. he belongs to two different organizations for financial advisors, and he likes to go to their annual meetings. the financial organizations that jeff belongs to are examples of

Answers

Examples of secondary groups, which are formal but less personal groups that are goal oriented (in this case the goal is financial advisor learning).

Final answer:

Jeff belongs to professional associations which bring together individuals with shared interests, especially to advance their economic interests and represent them in their respective fields.

Explanation:

The financial organizations that Jeff belongs to are examples of professional associations. These are groups that individuals join to pursue shared interests or to gain intangible rewards. Jeff, being a financial advisor, likely attends these meetings to stay updated with industry standards, network with other professionals, and perhaps influence policies that affect his profession. Professional associations such as these work to advance the economic interests of their members and represent their interests in wider forums.

Just like the American Medical Association (AMA) for physicians or the American Bar Association (ABA) for lawyers, professional associations provide a platform for members to coordinate efforts, form productive networks, and advocate for their professional interests.

A company acquires goods or products from another country and sells them in domestic markets. this is an example of

Answers

trading, I am not sure

Final answer:

When a company acquires goods from another country to sell them domestically, it is involved in importing. This is a part of globalization and can be seen in industries like the U.S. clothing market, which imports a lot of its products from China due to the theory of comparative advantage.

Explanation:

When a company acquires goods or products from another country and sells them in its home market, it is participating in the practice of importing. This process is a key element of globalization, which refers to the trend in which buying and selling in markets increasingly cross national borders. An example of this can be seen in the United States' clothing industry. In the past, U.S. companies manufactured their own clothes domestically; however, many have shut down their local factories and relocated to countries like China, from where they import the goods back to U.S. markets. The theory of comparative advantage plays into this, suggesting that every economy should specialize in certain products that they can produce more efficiently and then trade these products.

Imports are the goods and services that a company or a country purchases from abroad to sell domestically, while exports are the goods and services that a company or a country produces domestically and sells abroad.

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Indiana jones goes off to foreign lands in search of artifacts hidden in dangerous places and guarded by fierce protectors. dr. jones would be described as _____________ in arousal theory. a person high in npow a person high in a naff foolhardy a sensation seeker

Answers

He would be described as “A sensation seeker”

What is the value of the real-time feedback of customer comments? check all that apply. they let companies ignore customer complaints while appearing to be receptive. they can expose product flaws. they can improve operating instructions. they can help clear up supply chain bottlenecks. they offer customers a venue for product trolling?

Answers

they can expose product flaws. they can improve operating instructions. they can help clear up supply chain bottlenecks.

They can expose product flaws. They can improve operating instructions. They can help clear up supply chain bottlenecks.

As david approaches the counter at the department of motor vehicles, the clerk yells at david for having waited in the wrong line. david is convinced that the clerk should find another line of work-one in which his angry personality traits will not interfere with his job. however, david disregards the possibility that the department is short of help that day. david has just fallen prey to the _____.

Answers

Fundamental Attribution Error

This is the tendency for people to over-emphasize personality/attitude based explanations and under-emphasize situational/big picture explanations.

Final answer:

David's belief that the yelling clerk is inherently angry rather than considering situational factors like staff shortage is an example of the Fundamental Attribution Error. This is a common bias where personality traits are overemphasized and situational factors are underestimated when making judgements about others' behaviors.

Explanation:

David has fallen prey to the fundamental attribution error, a concept in social psychology. This is a tendency for people to emphasize personality traits and underestimate situational factors when making judgements about the behavior of others. When the clerk yells at David, he immediately attributes it to the clerk being a naturally angry person, rather than considering external factors that could be causing the clerk's behavior, such as the department being short-staffed. He believes the clerk's action interferes with his professionalism, overlooking the possibility that situational factors could have influenced his behavior.

Here is an analogy to further illustrate the point: Picture a driver who cuts you off in traffic. Your first reaction might be to label the driver as reckless or inconsiderate. However, you might not take into account situational factors - perhaps they are rushing to the hospital or they didn't see your car in their blind spot. This is an example of fundamental attribution error, similar to how David approaches his judgement of the clerk.

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A prototype is ________.

a. the first physical depiction of a new product

b. a financial model

c. a tool for evaluating the organizational prowess of a new firm

d. a tool for evaluating the industry a new firm plans to enter

e. a form of opportunity recognition

Answers

a. the first physical depiction of a new product is the best otion A prototype is the physical form of an idea or concept, usually in a model.

The most critical disadvantage of the sole proprietorship is ________. the owner's unlimited personal liability lack of continuity limited access to capital limited skills and abilities of the owner

Answers

The owner’s unlimited personal liability.

Although all of the reasons listed are disadvantages of a sole proprietorship, the owner’s unlimited personal liability is the most critical. The owner is liable for all of the bills of the business, as well as any other liabilities. For example, if the business gets sued and there is a monetary judegement against the business the owner is responsible for paying the money if the business cannot pay it.

When we compare the salaries of the worst-paid members of a corporation with the salary of the ceo, what sort of measure of poverty are we using?

Answers

Answer:

Relative Deprivation

Explanation:

Relative Deprivation Theory is the view of social change that people take action for social change to gain something (opportunities, status, or wealth) that others have and which they believe they should have, too

Answer:

The correct answer would be Relative Deprivation.

Explanation:

When we compare the salaries of the worst paid members of a corporation with the salary of the CEO, then we are using the Relative Deprivation measure of Poverty. In simple words, relative deprivation is a measure of poverty in which the two people or group of people, one having worst salary and one having the highest, are compared with each other on the basis of their diet, lifestyles, activities, etc, to see how people are living on or below the poverty line.

Which channel partners in a​ company's supply chain are upstream from a manufacturer or​ producer?

a. suppliers.

b. customers

c. business distributors

d. retailers

e. wholesalers?

Answers

a. suppliers, who provide the raw materials to manufacturers that they use to produce goods

_____ justice is based on the evaluation of outcomes or results of the business relationship.

a. egotistical

b. interactional

c. ethical

d. distributive

e. procedural

Answers

This is distributive justice by defition

Final answer:

The correct answer is 'distributive justice', which refers to fairness in the outcomes or results of a business relationship. It includes matters such as profit-sharing and benefits distribution.

Explanation:

The correct answer to this question is d. distributive justice. Distributive justice refers to fairness in the outcomes or results of a business relationship, including profit sharing and benefit distribution. It's a key concept in business ethics and organizational management because it concerns the equitable allocation of rewards and costs among the participants of a business relationship.

This can range from how a company divides its profits among its stakeholders, to how societal resources are distributed in an economy.

By contrast, interactional justice pertains to fairness in interpersonal relationships, especially in terms of respect and kindness shown to others, while procedural justice is concerned with the fairness of processes and procedures themselves. Egotistical and ethical, options a and c, are not specific types of justice utilized in business or organizational models.

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Ucc article 2 applies to sales transactions between all buyers and sellers.

a. True

b. False

Answers

The answer is false.

Tawstir corporation has 800 obsolete personal computers that are carried in inventory at a total cost of $1,100,000. if these computers are upgraded at a total cost of $40,000, they can be sold for a total of $750,000. as an alternative, the computers can be sold in their present condition for $690,000. the sunk cost in this situation is:

Answers

Answer:

The answer is "1,100,000".

Explanation:

A sunk cost refers to a cost that has just been incurred and in the given scenario, the original cost that is the carrying value and that cost is sunk cost. Remember that sunk cost is different from future cost.

Thus 1,100,000 is the sunk cost in this situation.

Final answer:

The sunk cost for Tawstir Corporation's obsolete computers is the original total cost of $1,100,000, which is a historical cost that cannot be recovered.

Explanation:

The sunk cost in this situation refers to costs that have been incurred and cannot be recovered. For Tawstir Corporation, the sunk cost is the original cost of the obsolete computers, which stands at $1,100,000. This cost remains the same regardless of whether the computers are upgraded or sold as they are. It's important to note that the upgrade cost or potential sales revenue does not affect the sunk cost, as these are future expenses and potential income, respectively.

Put the steps into the correct order to show the process by which individuals have their federal income tax collected.first step the taxpayer files a tax return. the government receives a tax payment or gives a tax refund. the employer withholds estimated taxes.last step

Answers

First the employer withholds estimated taxes. The taxpayer files a tax return. Last the government receives a tax payment or gives a tax refund.

Answer:

1.paycheck withholding

2.tax return filing

3.tax payment or refund

Explanation:

At which stage of problem solving should you discuss the problem with colleagues? A. Defining the problem B. Evaluating the information C. Gathering information D. Making a choice E. Taking action

Answers

Answer:

At which stage of problem solving should you discuss the problem with colleagues?  A. Defining the problem

When working on a problem solving strategy, it's important to first identify the problem. If you are unable to identify the problem as a group, it will be harder to figure out how to solve the problem. Although all problem solving stages are important, defining the problem is at the top because the other steps will not matter if the problem has not been defined.

Explanation:

plato

Final answer:

Discussing a problem with colleagues is most beneficial during the 'evaluating the information' stage of problem solving. Here, various perspectives can be shared, potentially providing new insights into the problem.

Explanation:

In the stage of problem solving, discussing the problem with colleagues is most appropriate during the B. Evaluating the information stage.

This stage is after defining the problem and gathering information, where it becomes crucial to analyze and evaluate the information gathered.

By discussing with colleagues, different perspectives and ideas could be gathered, possibly offering new insights into the problem or the information at hand.

This aids in properly making a choice (making a decision) and eventually taking action based on the evaluations made.

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Buyline is an e-commerce web site. it has come up with a promotional offer where buyers get a 60 percent discount on refrigerators if a minimum of 100 buyers agree to buy the product within 24 hours of the offer being announced. in this case, it is evident that buyline is a _____.

a. group buying platform

b. peer-to-peer e-commerce platform

c. participatory e-commerce site

d. social networking sit

Answers

The answer is a group buying platform.

A group buying platform is a type of online shopping website that offers discounted prices for items that are bought by a set amount of buyers. This practice was first recorded in China, where it is called Tuán Gòu.

Many Chinese online marketplaces use this style of purchasing until now. The discounted prices are usually very significant compared to the original price.

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