Social Security In 2010, Joe retired at his full retirement age, 66. During his last year of employment, Joe had an income of $48000. Round your answers to the nearest cent. a. During his last year of employment, how much should Joe have paid in Social Security tax? $ b. During his last year of employment, how much should Joe have paid in Medicare tax? Exemption The assessed value of a home in Idaho is $146000, the combined tax rate is 10.3 mills, and the assessment level is 100%. The homeowner receives an exemption of 30% of the assessed value. Round your answers to the nearest cent. a. How much does the homeowner pay in property taxes? b. How much does this exemption save the homeowner? Property Taxes City of Boise, ID Tax rate: 7.0 mills Assessment level: 100% Adams County, CO Tax rate: 26.8 mills Assessment level: 7.96% Chicot County, AR Tax rate: 10.0 mills Assessment level: 20% City/Borough of Juneau, AK Tax rate: 10.51 mills Assessment level: 100% a. Find the county taxes for a $102000 home in Chicot County, Arkansas. b. What is the effective tax rate for Adams County, Colorado? Payday Loans You obtain a 90-day payday loan for $450.00. The costs for the loan include $76.50 in interest and $45.00 in fees. (Note: Payday loans usually have very high interest rates.) a. For the interest alone, what is the annual percentage rate? Include six significant digits in your answer. % b. When you add the fees to the interest, what is the annual percentage rate? Include six significant digits in your answer. Social Security In 2010, Joe retired at his full retirement age, 66. During his last year of employment, Joe had an income of $48000. Round your answers to the nearest cent. a. During his last year of employment, how much should Joe have paid in Social Security tax? $ b. During his last year of employment, how much should Joe have paid in Medicare tax? Exemption The assessed value of a home in Idaho is $146000, the combined tax rate is 10.3 mills, and the assessment level is 100%. The homeowner receives an exemption of 30% of the assessed value. Round your answers to the nearest cent. a. How much does the homeowner pay in property taxes? b. How much does this exemption save the homeowner? Property Taxes City of Boise, ID Tax rate: 7.0 mills Assessment level: 100% Adams County, CO Tax rate: 26.8 mills Assessment level: 7.96% Chicot County, AR Tax rate: 10.0 mills Assessment level: 20% City/Borough of Juneau, AK Tax rate: 10.51 mills Assessment level: 100% a. Find the county taxes for a $102000 home in Chicot County, Arkansas. b. What is the effective tax rate for Adams County, Colorado? Payday Loans You obtain a 90-day payday loan for $450.00. The costs for the loan include $76.50 in interest and $45.00 in fees. (Note: Payday loans usually have very high interest rates.) a. For the interest alone, what is the annual percentage rate? Include six significant digits in your answer. % b. When you add the fees to the interest, what is the annual percentage rate? Include six significant digits in your
