Question
11. (12 points) Frank is single and claims 3 allowances and 2 child tax credits. If the wages on his most recent monthly paycheck were
11. (12 points) Frank is single and claims 3 allowances and 2 child tax credits. If the wages on his most recent monthly paycheck were $5814, and his prior cumulative earnings were $13,970, find the net pay on his most recent paycheck. Assume taxes on prior earnings have already been paid, and round to the nearest cent.
12.. (8 points) A printer costs a dealer $199.95. Operating expenses are 45% of net cost. If the dealer sells the printer for $367.88, is there a net profit or an operating loss, and by how much? Round to the nearest cent.
13.What is the single discount equivalent for a 30/25/5 series discount? Give the answer in percent form to two decimal places.
14An invoice is dated July 1, and the good were received on July 3. The total after trade discounts is $754. Terms are 2/10, 1/20. What amount should be paid on July 12?
15An item was marked up from $1009 to $1334. Find the percent markup on selling price.
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