Your employer pays 70% of your total insurance premium of 8000 per year. How much do you pay as an employee? a. $2,400 b. $6,120 c. $5,600 d. $62 a paycheck
Q: You deposit $100 in an account earning 4% coumpound interest for 5 years. Find the future value and…
A: Future Value: It represents the future worth of a present amount and is estimated by compounding…
Q: For the credit card account, assume one month between billing dates and interest of 1.6% per month…
A: Here, Interest Rate is 1.6% per month on average daily balance
Q: 1. Loan Amount 2. monthly payment on a 30 year loan (use pmt) 3. total interest paid over the life…
A: Loan Payments: These are periodic & regular payments made by the borrower to the lender for…
Q: Explain how and why an increase in each of the following affects the prices of both call and put…
A: The option is a financial instrument based on the value of underlying securities such as stocks and…
Q: A project has annual cash flows of $6,000 for the next 10 years and then $10,500 each year for the…
A: Present value of annuity is the current value of the future payments that are calculated using the…
Q: rs has a target capital structure of 35% debt and 65% common equity, with no preferred stock. The…
A: WACC is weighted cost of capital considering the weighted after tax cost of debt and weighted cost…
Q: Three banks in a town quote the following nominal interest rates: Bank A pays interest on savings…
A: Solution:- Annual Percent Rate (APR) or effective annual rate means the net interest rate for the…
Q: Find the finance charge on June 4 for the data given below. There is a previous balance of $230 (on…
A: Finance charge is an additional amount which is charged on borrowed amount on the basis of time and…
Q: LO3 Explain how to set a bid price for a project. LO4 Evaluate the equivalent annual cost of a…
A: The quoted price of a project is known as the bid price. It is decided by the management on the…
Q: d help with this multiple st
A: Option is in the money only when exercise price is less than current market price.
Q: Libertine Co. issued $10,000,000 of 9%, 10-year, convertible bonds on January 1, 2020. Interest is…
A: No of shares were issued as a result of the conversion: Given, each $1,000 bond is convertible into…
Q: A couple wishes to borrow money using the equity in their home for collateral. A loan company will…
A: Concept. Home equity value = appraised value - balance of mortgage after the…
Q: Debt to Assets ratio? Current assets $22400 Net income $44500 Stockholders' Current liabilities…
A: Debt to assets ratio is computed by dividing the debt amount by the total assets amount. It is a…
Q: The present value of £100 that I receive in three years' time is about £86. Select one: O True O…
A: Present Value refers to the discounted value of a single cash flow or multiple cash flows today…
Q: A piece of equipment has a first cost of $165,000, a maximum useful life of 7 years, and a market…
A: The estimated span of time that an asset will be beneficial to the average owner is referred to as…
Q: If you have $1,000,000 but you have to use it in the next 6 months. SPOT RATE 1S =30.50-31 B 6MTH…
A: Spot and Forward Rates: The spot rate is the exchange rate that is currently prevailing for a…
Q: Consider the 4 investments shown. Which of these are simple investments? Net Cash Flow for Project B…
A: Capital budgeting: Capital budgeting is the technique used for analyzing the investment in long term…
Q: Cost of goods sold :- Sales - gross profit = 1000000 - 400000 = 600000 Calculation of total…
A: Here, To Find: Analysis and Interpretation =?
Q: ali business with 780000 is expected to grow at 10% per year compounded annually for the next 4…
A: Expected future value can be defined as the value of the fund over a future time period with respect…
Q: Finance Suppose Wesley Publishing's stock has a volatility of 55%, while Addison Printing's stock…
A:
Q: The housing market is crazy right now! Sierra bought her condo for $250,000, 5 years ago. She paid a…
A: A mortgage is a loan on a property where the property itself is used as collateral.
Q: The Monetary Base of the Bank of Canada includes
A: In the world of finance and banking monetary base is also known as M0. Bank of Canada is the central…
Q: Stock price can only move up or down until option expiration (two outcomes). Prices of up (down)…
A: Price of the Securities = $1 The payoff with the Up scenario = 4 The payoff with down scenario = 10…
Q: You are evaluating a project that will cost $543,000, but is expected to produce cash flows of…
A: Solution:- Payback period means that time period when the initial investment of the project gets…
Q: Compute the cash payback period for each project. (Round answers to 2 decimal places, e.g. 10.50.)
A: Payback Period: It is the period in which the project returns its initial outlay or cost. A project…
Q: An summary of how you would allocate people and money to the WBS's operations should be provided.
A: Work breakdown structure is referred as the description of the work, which used done regarding the…
Q: Required information The Chapter 14 Form worksheet is to be used to create your own worksheet…
A: Concept. NPV. It is capital budgeting technique used to evaluate performance of projects. If NPV is…
Q: e works in finance for a small manufacturing company and is working on next year’s budget. She has…
A: Company has to make the financial planning for need of funds for the short term and also long term…
Q: Backyard Company is expected to pay a dividend of $1.4 per share in the coming year. The required…
A: The current price of the stock can be calculated as per the dividend discount model
Q: Suppose a company’s equity is currently selling for $37 per share and that there are 2 million…
A: The proportion of weightage obtained from the Equity stock capital source is the weight of Equity…
Q: How much money can he receive on his 18th birthday, if he decided to withdraw all the money at once?
A: Time value of money (TVM) refers to the method used to measure the amount of money at different…
Q: arbitrage profit can an investor earn
A: Spot rate (S) : 1 EUR = 1.3694 CAD 1 year Forward rate (F) : 1 EUR = 1.3335 CAD Interest rate: rEUR…
Q: sales increase from P80,000 per year to P140,000 per year, and if the operating leverage factor is…
A: Percentage increase in net operating income= Percentage increase in sales ×operating leverage…
Q: ie inte ernational Monetary Fun (IMF) and the World Bah (WB) have similarities except: O a. Share…
A: World Bank(WB) and International Monetary fund(IMF) are both international agencies having…
Q: After-tax cost of capital 8% Tax rate 28% Assume depreciation is calculated on a straight-line…
A: Net present value is the difference between Present Value of cash Inflows and Initial Investment…
Q: Cool Runnings Corp. plans to construct a building after 5 years. The Chief Financial Officer…
A: We need to use present value formula to calculate the amount of cash need to invested today. Present…
Q: (a) Evaluate the projects using each of the following criteria, stating which project(s) DEVCON…
A: Payback Period: It is the period in which the project returns its initial cost. Hence, the lower…
Q: CAPITAL BUDGETING AND CASH FLOW ESTIMATION Allied Food Products is considering expanding into the…
A: The internal rate of return (IRR) is the interest rate at which the net present value (NPV) equals…
Q: The nominal yield on 6-month T-bills is 8%, while default-free Japanese bonds that mature in 6…
A: Answer - Forward Rate - A spot rate is the price for an asset that is to be exchanged immediately.…
Q: How long will it take to pay off a loan of $47,000 at an annual rate of 8 percent compounded…
A: Solved using Financial Calculator PV = 47,000 PMT = 650 I/Y = 8/12 = 0.6666666667 CPT N = 99.0104…
Q: What is the unpaid balance after 4 years?
A: The unpaid balance is the remaining principal amount after 4 years. It is the amount remaining to be…
Q: The selection of a right applicant for a vacant position will be an asset to the organization, which…
A: Screening candidates is an important element of a startup's hiring process; it entails going over…
Q: Suppose a businessman is considering the purchase of a business machine that is expected to be…
A: In order to suggest whether machine is profitable or not, we need to calculate NPV of the machine.…
Q: FCOJ, Inc., a prominent consumer products firm, is debating whether or not to convert its all-equity…
A:
Q: A mutual fund has $400 million worth of stock, $500,000 in cash, and $1 million in other assets. The…
A: Mutual funds refer to one type of financial vehicle that pools money from many investors and invests…
Q: A borrower has taken outa 30 year mortgage for $0.000 at an annual rate of 6% a Use the table to…
A: i) Monthly Payment Solved using Financial Calculator PV = -99,000 I/y = 6/12 = 0.5 N = 30 * 12 =…
Q: Venture-capital funding may sometimes be used to fund high-growth small companies. Venture…
A: Venture capitalists can be defined as the investors who tend to invest in high-growth small…
Q: Graphically show a covered call options strategy, including payoff. Explain why an investor may use…
A: A covered call is an option strategy in which an investor have a long position in underlying asset…
Q: What is its cost of common equity? Do not round intermediate calculations. Round your answer to two…
A: In capital budgeting when we are facing two projects and have to decide which of the projects…
Q: A couple buys a $150000 home, making a down payment of 23%. The couple finances the purchase with a…
A: A mortgage is a sum of money acquired from outside sources such as banks for a defined length of…
Your employer pays 70% of your total insurance premium of 8000 per year. How much do you pay as an employee?
a. $2,400
b. $6,120
c. $5,600
d. $62 a paycheck
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- You have to decide whether or not to participate in the employer match program at your work. If you place 8% of your gross pay into a retirement account, your employer will match it. You plan to retire in 30 years. You expect to earn 6% return on your investment. How much will you have in the account if your average annual gross salary is $50,000? A. $316,232.80 B. $22,973.96 C. $45,947.92 D. $632,465.60 Using the same information as the previous question, assume that you want to increase your portion of the contribution to 10%. The employer will only match up to 8%. How much would you have in this situation? A. $692,523.80 B. $711,523.80 C. $316,232.80 D. $632,465.601. General Motors offers this employee group term life insurance (GTLI) with a face amount of $100,000, General Motors paid $100 per $10,000 of face amount per year (i.e., $1000) for the GTLI. What will be the yearly personal income tax liability for this employee? a. $0 b. $150 c. $300 d. $15,000 e. $30,000 2. General Motors provides long term disability insurance for this employee. The contract states that this employee will earn $3000 per month ($36,000 per year) if they become disabled. General Motors paid the entire premium cost of $1000 per year. If this employee should become disabled, what would be their yearly personal income tax liability? A. $0 B. $300 C. $900 D. $3600 E. $10,800Assume an employee has a gross pay of $500 and vacation pay is paid out at 4%. How much extra gross pay does the employee receive on their paycheque? Select one: a. $500 O b. $0 c. $20 d. $480
- 5. ALGEBRA Ishiro Murakami has $15.60 deducted weekly for family medical insurance. His employer pays 85% of the cost. What is the annual premium?Tania's weekly salary is $675.37, pension plan costs her $23.61 and income tax is 15.85% of her pre-pension plan salary. What is her net pay per week (round to the nearest cents)? O a. $544.71 O b. $635.91 O c. $103.30 O d. $548.46 Previous page e Type here to search ASUS2. David Herbert earns $2,475 a month as a security guard for Baldwin Enterprises. His group medical insurance costs $6,600 a year. The company pays 80% of the cost of group insurance. a. Find the percent paid by David. b. How much is deducted each month from his paycheck for medical insurance? All rights reserved.
- Q1. Your employer uses a flat benefit formula to determine retirement payments to its employees. The fund pays an annual benefit of $2,500 per year of service. Calculate your annual benefit payment for 25, 28 and 30 years of service.True or False: A SIMPLE IRA allows the employer to contribute up to 25% of earnings into your IRA account. O True O FalseYour gross annual pay is $19 163. Employment insurance premiums are deducted at a rate of 2.25% and Canada Pension Plan premiums are 3.75% based on total earnings. You pay income taxes at a rate of 17% on all amounts over $8131. What is your Net Pay for the year? A) $16 137.78 B) $15 137.78 C) $16 317.78 D) $17 137.78 E) $18 237.78
- An employee has weekly earnings of $750.00. What is their Canada Pension Plan contribution? O $34.44 O $35.08 O $38.91 O $42.75 Previous Next MarkD. benefit ENT OF EDUG ABM BM11SW-lld-2 5. Ms. Ana, a private employee, gets a monthly salary of P25,000.00, rice subsidy of P2,000.00, and a clothing allowance of P1,000.00 per month. How much will be her monthly gross income?You are the wage earner in a "typical family," with $60,000 gross annual income. Use the easy method to determine how much life insurance you should carry. O 60,000 O 120,000 294,000 420,000
