question 14 (4.5 points) retake question your gross pay is $50,431.10 per year. your deductions are listed…

question 14 (4.5 points) retake question your gross pay is $50,431.10 per year. your deductions are listed below. 12% withholding for federal income tax 7.65% for social security and medicare taxes $3,134.83 health insurance cost (pre - tax) $1,800 contribution to a roth ira retirement fund (post - tax) what is your annual net pay? enter the dollar amount rounded to the nearest cent. your answer: answer question 15 (4.5 points) retake question you purchased a car for $16,150. the car depreciates at a rate of 9% per year. after 4 years, you decide to sell the car. what is the value of your car after 4 years? use this formula: fv = pv(1 - r)^t enter the dollar amount rounded to the nearest cent. your answer:

question 14 (4.5 points) retake question your gross pay is $50,431.10 per year. your deductions are listed below. 12% withholding for federal income tax 7.65% for social security and medicare taxes $3,134.83 health insurance cost (pre - tax) $1,800 contribution to a roth ira retirement fund (post - tax) what is your annual net pay? enter the dollar amount rounded to the nearest cent. your answer: answer question 15 (4.5 points) retake question you purchased a car for $16,150. the car depreciates at a rate of 9% per year. after 4 years, you decide to sell the car. what is the value of your car after 4 years? use this formula: fv = pv(1 - r)^t enter the dollar amount rounded to the nearest cent. your answer:

Answer

Question 14

Explanation:

Step1: Calculate federal income tax deduction

$50431.10\times0.12 = 6051.732$

Step2: Calculate Social - Security and Medicare tax deduction

$50431.10\times0.0765 = 3858.98915$

Step3: Sum up pre - tax deductions

$6051.732+3858.98915 + 3134.83=13045.55115$

Step4: Calculate net pay

$50431.10-13045.55115 - 1800=35585.54885\approx35585.55$

Answer:

$35585.55$

Question 15

Explanation:

Step1: Identify values for the formula

$PV = 16150$, $r=0.09$, $t = 4$

Step2: Substitute values into the formula

$FV=16150\times(1 - 0.09)^4=16150\times0.91^4$

Step3: Calculate $0.91^4$

$0.91^4=0.91\times0.91\times0.91\times0.91 = 0.68573041$

Step4: Calculate $FV$

$FV=16150\times0.68573041=11074.5461215\approx11074.55$

Answer:

$11074.55$