1.A particular state computed income tax, T (in dollars) on a person's income, x (in dollars), by the following formula:

T(x)=(0.018x if 0 x5,000

90+0.025(x-5,000) if 5,000

215+0.050(x-10,000) if x>10,000)

a.What is the tax on an income of $7,300? Show work.

(b) What is the tax on an income of $73,000? Show work.

2. John receives a loan for $16,000.

Three- fifths of this amount is spent on purchasing materials to dye the shirts and one-fourth of the remaining amount is spent on labour costs.

What amount is left over?

3. If I borrow $100 at 18% apr for 90 days, how much must I repay?

4.Rob has a job that pays $14.35 per hour for a 40-hour work week. He is paid time and a half for every hour over 40 that he works in a week. What will his gross pay be for a week in which he works 51 hours?

5.How much is $4000 principal earning 6% compound annually after 5 years?

6.Brett is paid $18.95 per hour with time and a half for overtime. What will his gross pay be for a pay period in which he worked 42 hours one week and 36 hours the next week for a total of 78 hours?

7.Steve's credit card has 21% (annual) interest rate, compounded daily. If he has $3000 charged on the card and does not pay it the first month, and he has to pay interest for 14 days, how much interest does he pay?

8.Narrate an experience of you working in an accounting platform

9.My friend earned $360 on an investment of $642. How much would $749 would have earned in the same investment?

10.Journal the following merchandise transactions.

Sold merchandise on account, 74200 with terms 2/10, n/30. The cost of the merchandise sold was 43300 for March 1. Received payment less the discount on March 9.