
Economics Economics Forum  Financial Mathematics, Econometrics, Operations Research, Mathematical Finance, Computational Finance 
 LinkBack  Thread Tools  Display Modes 
March 7th, 2018, 06:48 PM  #11  
Math Team Joined: Oct 2011 From: Ottawa Ontario, Canada Posts: 12,902 Thanks: 882  Quote:
No breakdown given by this mysterious computer?  
March 7th, 2018, 07:58 PM  #12 
Math Team Joined: Oct 2011 From: Ottawa Ontario, Canada Posts: 12,902 Thanks: 882 
Finally able to figure out your messy problem; 601.51 is correct. Sales: 11,068.00  488.65 = 10,579.35 .07(10,579.35  5000.00) = 390.55 Earnings before deductions = 480.00 + 390.55 = 870.55 Fica, medicare, disability, state = 6.2 + 1.45 + 1 + 3.4 = 12.05% 870.55  .1205(870.55) = 765.65 Federal charged on 870.55  140.38 = 730.17 Federal tax (per table) = 80.60 + .25(730.17  696.00) = 89.14 NET PAY = 765.65  89.14  75.00 = 601.51 Apologies to "the computer" 
March 11th, 2018, 05:33 PM  #13  
Senior Member Joined: Feb 2016 From: seattle Posts: 377 Thanks: 10  Quote:
Awe, Thanks sooooo Much Denis!!! You're amazing!! I truly thank you for all your time!! I will work on this one, and the other you helped me with...I was able to pass my quiz without sadly answering a question like this...but I do want to know that I can do this, and learn where my mistake was...so again thanks so much for helping me get closer to seeing what I should have done, and where I went wrong!! You're a life saver!!  

Tags 
find, net, pay, question 
Thread Tools  
Display Modes  

Similar Threads  
Thread  Thread Starter  Forum  Replies  Last Post 
I have a question about sine and cosine transform, and the question also includes a H  sCoRPion  Differential Equations  0  March 16th, 2015 01:05 PM 
Stats question: The Secretary Question word problem  pudro  Algebra  0  November 10th, 2008 08:12 PM 