Mathematics, 22.11.2019 20:31 Dweath50
Amajor concern with social security is the possibility that funds will not be available when today’s tax-payers retire to become beneficiaries. according to the social security trustee’s report, an increase of 1.89% in the social security payroll tax would keep the account full for the next 75 years. to achieve similar results, benefits would have to be decreased from the current 42% of the ending salary to 29% of the salary. cindy is relatively new to the workforce. she has 32 years until she can retire. her current annual salary is $45,000. 1a) calculate how much cindy will have to pay in social security tax (6.2%) based on this salary. 1b) calculate how much cindy will have to pay in social security tax if the tax was increased by 1.89%. 2a) calculate cindy’s annual social security benefit (about 42%) if her salary remains unchanged until she retires (annual average is $45,000). 2b) calculate cindy’s annual social security benefit if her salary remains unchanged but benefits (based on her annual salary of $45,000) were cut from 42% to 29%. 3) if cindy were given a choice between the increase in social security tax now or the decrease in social security benefits when she retires, which would you recommend she choose? explain your answer thoroughly.
Answers: 3
Mathematics, 21.06.2019 19:40
Atextile fiber manufacturer is investigating a new drapery yarn, which the company claims has a mean thread elongation of 12 kilograms with a standard deviation of 0.5 kilograms. the company wishes to test the hypothesis upper h subscript 0 baseline colon mu equals 12 against upper h subscript 1 baseline colon mu less-than 12 using a random sample of n equals 4 specimens. calculate the p-value if the observed statistic is x overbar equals 11.8. round your final answer to five decimal places (e.g. 98.76543).
Answers: 3
Mathematics, 21.06.2019 21:30
Scott’s bank account showed a balance of $750 on sunday. during the next five days, he made one deposit of $140 and numerous withdrawals of $180 each. let x represent the number of withdrawals that scott made. write an inequality that can be used to find the maximum number of withdrawals that scott could have made and maintain a balance of at least $100. do not use a dollar sign ($) in your response.
Answers: 1
Mathematics, 21.06.2019 21:30
Handsome jack is buying a pony made of diamonds. the price of the pony is p dollars, and jack also has to pay a 25% diamond pony tax. which of the following expressions could represent how much jack pays in total for the pony?
Answers: 1
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