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Alvin Said:

Would you ever try to take on the IRS?

We Answered:

I would like to take out the IRS all together. That organization is useless.

Willard Said:

Consumer Math help ?

We Answered:

$16.24
$21.46
$49.68
$21.66
$.03
$.50
$3.70
$IDK
$26599.33
$15360

Half-way, I need a break. BRB

$172,500
$IDK
$6.25
$IDK
$598.00
$IDK
$IDK
$IDK
$IDK
$IDK

I did my best, I think I deserve a thank you.

Darrell Said:

i need help with math (10 points) i know i need to pay more Attention in school and do my own home work?

We Answered:

Here are all the answers. I am only going to work some of the more difficult ones for you, but you should work them as well to see how they are done. The others you can do on your own, because you can figure them out if you use your head.

1. $16.24

To work a problem like this, first figure out how many $100's are in the dollar amount of coverage. Then multiply the rate times that figure:

$5,800 / $100 = 58
($0.28)(58) = $16.24

Do other problems involving insurance coverage similarly. Just make sure you divide the coverage amount by the correct dollar amount. For example, in problem #3, the rate is $16.56 per $1,000, so you would have to divide the coverage amount by $1,000 first, not by $100 as in some of the other problems, then multiply that result by the rate per $1,000.

2. $21.46
3. $49.68
4. $21.66
5. $0.03
6. $0.50
7. $3.70
8. $100.06

Total tax = (0.02)($3000) + (0.03)($4335.45 - $3000) = $60 + $40.06 = $100.06

9. $26,599.32

Just divide the total debt by the number of people in the population.

10. $15,360.00

At the end of a year, the automobile's value is 80% or 0.80 of what it was at the beginning of the year. So after 3 years, its value is given by this equation:

Current Value = New Value (0.80)³
Current Value = $30,000 (0.512) = $15,360

11. $172,500.
12. $25,875.00

First compute the old owners selling price:

($150,000)(1.15) = $172,500

Then figure the new owners loss based on the old owners selling price:

[($150,0000)(1.15)] (0.15) = ($172,500)(0.15) = $25,875.00

13. $6.25
14. 7.4%

Profit is the amount of money made on an item sold after all costs on the item are paid. This particular item sells for $54, but the total costs for the item are $50, so it makes a profit of $4 per item. To calculate the percentage profit the item made, divide the dollar profit amount by the selling price of the item, then multiply that decimal fraction by 100% to convert it to a percentage:

$4/$54 = (0.074) x 100% = 7.4%

15. $637.00
16. $7250
17. $262.50

Sum the whole hours. Then add up the minutes and convert them to hours, and add this to the whole hours. Then multiply the hourly rate by the total hours worked.

18. $216.49

The interest is paid at the rate of 2% per compounding period (4% / 2 = 2%). So after 2 years, four compounding periods have elapsed. That means the investment is then worth:

Current Value = $200 (1.02)^4
Current Value = $200 (1.08243216)
Current Value = $216.49

19. $6477.50

Total Cost = (100)($64.375) + $40
Total Cost = $6437.50 + $40 = $6477.50

20. $11.20

First, figure out how many $100's there are in $8,000:

($8,000 / $100) = 80.

Then multiply out the rate for the one-year policy and the three-year policy and compare the dollar amounts.

For one-year policy: ($0.28)(80) = $22.40

But to compare this with the three-year policy, we have to multiply the last figure by 3:

(3)($22.40) = $67.20.

For the three-year policy: ($0.70)(80) = $56.00

The difference between the two figures is the savings:

$67.20 - $56.00 = $11.20

Barbara Said:

How much tax will I have to pay?

We Answered:

It will be incorrect to attempt tax calculations based on CTC figures because CTC contains elements of Employers' contribution to Provident Fund and Gratuity Fund.

I have attempted to answer your query ignoring 10% (approximately) of the annual CTC as due to these two elements.

Total CTC for whole year Rs. 4,62,500 (based on the info. given)
Less 10% Rs. 46,250
Balance Rs. 4,16,250
Less Savings Rs. 50,000 ( I have assumed your EPF contributions as 25,000 for the yr)
Less 50% of donations Rs. 1,500

Taxable income Rs. 364,750
Deduct Housent rent Rs. 23,050 (I have presumed you will produce receipt for this sum and
will be able to get rebate for the entire amount paid as HR)
Balance taxable Rs. 3,41, 700
First 1,60,000 Rs. 1,60,000 (zero tax)
Next 1,40,000 Rs. 1,40,000 ten percent tax Rs. 14,000
Balance 41,700 Rs. 41,700 20% tax 8,340
Total annual tax liability based on these assumptions: Rs. 22,340

Now you can refine the figures with correct sums and make your own calculations.
For the current year, you can save another 50,000 which can be taken out of taxable income.
You can save a further 20,000 in infrastructure bonds and that too can go out of taxable income.

Wendy Said:

Math MAth Math Math :(?

We Answered:

wooo girl u ask wayyyy 2 many math questions at once...do you rly think someone will do all 18 questions 4 u so u dont have 2 do ur homework..thats not going to happen...

make it less obvious that u dont want 2 do ur hw by only putting 1 or 2 math problems in one question, u will have a lot more responses that way...

Good luck!