Calculate her take-home pay for her first check

Assignment Help Financial Management
Reference no: EM132036770

Rhonda Brennan found her first job after graduating from college through the classifieds of the Miami Herald. She was delighted when the offer came through at $15.30 per hour. She completed her W-4 stating that she is married with a child and claims an allowance of 3. Her company will pay her biweekly for 80 hours (assume a tax rate of 6.2% on $118,500 for Social Security and 1.45% for Medicare). Calculate her take-home pay for her first check. (Use Table 9.1 and Table 9.2) (Round your answer to the nearest cent.)

Reference no: EM132036770

Questions Cloud

What are the implications of liquidity on assets pricing : What are the implications of liquidity on assets pricing? What’s the difference between fundamental analysis and technical analysis?
What is the yearly cost of operating tractor : What is the NPV of buying tractor A? What is the yearly cost of operating tractor B?
What is the value of the stock : If the required return on the preferred stock is 6.80 percent, what’s the value of the stock?
What is the npv of this project for the restaurant : What is the NPV of this project for the restaurant? What is the IRR of this project?
Calculate her take-home pay for her first check : Calculate her take-home pay for her first check.
What is the cost today of running the machine : Which machine should you choose and what is the cost TODAY of running the machine for the next 22.00 years?
Mid-western manufacturer of tool-and-die-making equipment : American Machine Tools is a mid-western manufacturer of tool-and-die-making equipment.
Company manufactures a product using two machine cells : A company manufactures a product using two machine cells. Each cell has a design capacity of 250 units per day and an effective capacity of 230 units per day.
Would you say that systems that have higher efficiency ratio : Would you say that systems that have higher efficiency ratios than other systems will always have higher utilization ratios than those other systems?

Reviews

Write a Review

Financial Management Questions & Answers

  Account immediately after you make first withdrawal

How much will be in the account immediately after you make the first withdrawal?

  Opportunities through current trends for short term trades

Analyse stock charts, fundamentals and overall market trends. Find opportunities through current trends for short term trades.

  Summarizes elements that affect staffing at patton-fuller

Create a PowerPoint presentation that summarizes elements that affect staffing at Patton-Fuller, such as raises in wages and changes in the nurse-to-patient ratio. Include speaker notes. and references

  What is market value of the firm prior to the recap

An all-equity business has 100 million shares outstanding selling for $20 a share. What is the market value of the firm prior to the recap?

  What are the factors driving this strategy

Describe Google’s investment strategy? What are the factors driving this strategy? How might shareholders eventually react to this strategy?

  Risk management-checks and balances-accounting

risk management, checks, and balances, accounting or finance process maps, security, signatory authority, et cetera.

  Calculate estimated value of operations

EMC Corporation has never paid a dividend. Its current free cash flow of $370,000 is expected to grow at a constant rate of 4.6%. The weighted average cost of capital is WACC = 11.5%. Calculate EMC's estimated value of operations. Round your answer t..

  Determine the risk level for your potential investment

You are considering investing in the bonds issued by ABC Corporation. They have a coupon rate of 6% and a maturity date of March 21, 2046. ABC Corp is an industrial firm and these bonds are not rated by Moody’s or S&P. As a bond investor what six rat..

  Discuss how american culture might influence

Now consider and discuss how "American" culture might influence a U.S. airline in having to make these same decisions. How do you think American culture might affect the company leadership's decisions?

  Calculate initial outlay associated with each alternative

Calculate the initial outlay associated with each alternative.- Calculate the operating cash flows associated with each alternative. Be sure to consider the depreciation in year 6.

  What is the effective annual rate on this loan

What will your monthly payments be? What is the effective annual rate on this loan?

  What is initial investment outlay for spectrometer

What is the initial investment outlay for the spectrometer, that is, what is the Year 0 project cash flow?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd