Social Security is supplemental retirement income and should not be the only thing a retiree relies on.

QUESTION POSTED AT 15/01/2020 - 03:09 AM

Answered by admin AT 15/01/2020 - 03:09 AM

If its true or false the answer is true
Post your answer

Related questions

Great Society programs of the 1960s led to an increase in infant mortality a decrease in the poverty rate increases in unemployment decreases in median incomes

Great Society programs of the 1960s led to a decrease in the poverty rate. The correct option among all the options that are given in the question is the second option. The programs were launched by the american President, Lyndon B. Johnson. I hope the answer has come to your help.

ANSWERED AT 29/01/2020 - 04:33 PM


QUESTION POSTED AT 29/01/2020 - 04:33 PM

Alvin had two jobs last year, and he received two W-2 forms. On the first W-2 form, the figure in box 1 was $14,389.26, while on the second W-2 form, the figure in box 1 was $9397.18. What was Alvin's gross income from the two jobs last year

Alvin's gross income last year is the sum of his wages from two forms. Adding the two W-2 forms from last year. This operation is shown below. That is,
                             total = ($14,389.26) + ($9,397.18) =$23786.44
Thus, Alvin's gross income is equal to $23,786.44.

ANSWERED AT 29/01/2020 - 04:23 PM


QUESTION POSTED AT 29/01/2020 - 04:23 PM

Scott earns $16.85 per hour at his job. He works 7 hours per day, 4 days per week. What is Scott’s gross monthly income for 4 weeks?

His gross income for 4 weeks is:
16.85\times7\times4\times4=$1,887.20

ANSWERED AT 29/01/2020 - 01:57 PM


QUESTION POSTED AT 29/01/2020 - 01:57 PM

Gina Chuez has considered starting her own custom greeting card business. With an initial start up cost of $1500, she figures it will cost $0.45 to produce each card. In order to remain competitive with the larger greeting card companies, Gina must sell her cards for no more than $1.70 each. To make a profit, her income must exceed her costs. How many cards must she sell before making a profit?

The more she charges for her cards, the fewer cards she'll have to sell
to recover her start-up costs.  So naturally, she wants to charge as much
for each card as she can get away with.

Let's start out assuming she charges the maximum of $1.70 for each one
(and that there are customers willing to pay $1.70 to buy one.)

It costs Gina $0.45 to produce a card, and she sells it for $1.70.
Her profit from selling each card is    ($1.70 - $0.45)  =  $1.25 profit.

How many times does she need $1.25 in profit to get back the $1500
that she sank into the business to get it started ?

                 ($1500) / ($1.25 per card)  =  1,200 cards .

That's the minimum number she must sell, and it only works if she
charges the full $1.70 for each card.  If she charges a lower price
for them, then she'll need to sell more cards to make up the $1500 .

ANSWERED AT 28/01/2020 - 03:26 PM


QUESTION POSTED AT 28/01/2020 - 03:26 PM

If m∠2=27 what is the measure of the supplement of ∠GBC

M < 2 = 27...and because < GBC is vertical from < 2, they are equal because vertical angles are equal.  Supplementary angles are two angles when added together = 180. So the supplement for < GBC is 180 - 27 = 153

ANSWERED AT 28/01/2020 - 01:34 PM


QUESTION POSTED AT 28/01/2020 - 01:34 PM

At the end of the novel, scout stands on the radley porch and looks out over the neighborhood. this moment is most connected to the theme of _____. the need for empathy and understanding the importance of social justice the ways in which a community can be divided moral courage

At the end of the novel, Scout stands on the Radley porch and looks out over the neighborhood. This moment is most connected to the theme of the need for empathy and understanding.
Had they understood people better, and saw things from their perspective, these tragedies wouldn't have happened. 

ANSWERED AT 28/01/2020 - 01:08 PM


QUESTION POSTED AT 28/01/2020 - 01:08 PM

Is a piece of glassware were to become damaged during a lab the best thing to do would be

Tell an adviser and get a new one. It could leak out if you still used it.

ANSWERED AT 28/01/2020 - 12:34 PM


QUESTION POSTED AT 28/01/2020 - 12:34 PM

Which of the following is intended primarily to enhance a person's tax advantage and retirement income?

IRA= Individual Retirement account.
An IRA allows an investor to invest in a wide variety of stocks, bonds, and mutual funds.

ANSWERED AT 28/01/2020 - 11:53 AM


QUESTION POSTED AT 28/01/2020 - 11:53 AM

Evaluate the number of permutations of 16 things taken 3 at a time. A. 720 B. 1,120 C. 2,520 D. 3,360

I think it is A. 720

ANSWERED AT 28/01/2020 - 11:12 AM


QUESTION POSTED AT 28/01/2020 - 11:12 AM

Dana wants to make two types of dog treats. she has 10 cups of peanut butter and 12 cups of flour. her dog bone treat recipe uses 3 cups of peanut butter and 2 cups of flour to make one tray. a tray of her oatmeal dog treat recipe uses 1 cup of peanut butter and 4 cups of flour. she plans to sell trays of dog treats at the town festival and charge $6 for a tray of dog bone treats and $7 for a tray of oatmeal treats. dana wants to maximize her income from selling the dog treats.

Answer:

Dana has 10 cups of peanut butter and 12 cups of flour.

Let the peanut cups be represented by = p

Constraint is p\leq 10

Let the flour cups be represented by = f

Constraint is f\leq 12

Her dog bone treat recipe uses 3 cups of peanut butter and 2 cups of flour to make one tray. So, equations become:

For dog bone treat 3p+2f

For oatmeal dog treat p+4f

Lets write an equation for profit maximization:

Let 't' represent the number of trays of the treats ( can be any; oatmeal or  peanut better)

Let 'M' represent the maximum income from selling the dog treats

Therefore, the scenario can be expressed as:

M=6t+7t

ANSWERED AT 28/01/2020 - 10:26 AM


QUESTION POSTED AT 28/01/2020 - 10:26 AM

Your monthly living expenses are $1500 on an income of $1,650 per month. Your goal is to have an emergency fund of 4 times your monthly living expenses. Your emergency fund savings account has $2,400 and you put the remainder of your monthly income into the emergency fund each month. How much more money would you have to save each month to complete your emergency fund in 12 months? a. $300 per month b. $150 per month c. $75 per month d. $60 per month

Your end goal is to have $6000 total in 12 months. since you have $2400 already you can subtract that from 6000 leaving you with $3600 over the course of 12 months. since you already put $150 in a month over the course of 12 months you would have $1800 which is only half of the goal of $3600. in order for you to put in $3600 you would have to put an additional 150 in your savings along with your regular 150 making the answer b.

ANSWERED AT 28/01/2020 - 12:41 AM


QUESTION POSTED AT 28/01/2020 - 12:41 AM

An operator in the plant has a monthly salary of $2575. Thirty three percent (33%) of her salary is deducted for income tax.

33% of the salary = (33/100) * 2575
                             = 849.75

So the income tax = 849.75 dollars

ANSWERED AT 27/01/2020 - 01:44 AM


QUESTION POSTED AT 27/01/2020 - 01:44 AM

You (or your parents) are debating about whether to buy a new car for $19,072.00 or a used car for $15,635.00. Sales tax is 4.5%. You (or your parents) plan to make a down payment of $1,200.00 and your credit rating is fair. Use the table below to determine the difference in interest accrued by the end of the first month. Secured Unsecured Credit APR (%) APR (%) Excellent 4.80 5.25 Good 5.15 5.65 Average 5.85 6.20 Fair 7.00 7.65 Poor 8.20 9.15

            Secure      Unsecured
Credit   APR           APR
FAIR      7.00           7.65
 
                                  Brand new            Used Car
Purchase Price:      19,072                   15,635
Sales Tax 4.5%      
(price x 4.5%)                858.24                   703.58
Total price                19,930.24               16,338.58
Downpayment          (1,200.00)              (1,200.00)
For financing           18,730.24                15,138.58

Interest: Brand New:
Secured : 18,730.24 * 7% * 1/12  = 109.26
Unsecured: 18,730.24 * 7.65% * 1/12 = 119.41

Interest: Used Car
Secured: 15,138.58 * 7% * 1/12 = 88.31
Unsecured: 15,138.58 * 7.65% * 1/12 = 96.51

ANSWERED AT 27/01/2020 - 01:29 AM


QUESTION POSTED AT 27/01/2020 - 01:29 AM

Sarah is 27 years old and is retiring at the age of 65. when she retires, she estimates that she will need a semiannual income for 20 years. if sarah contributes 9% of her semiannual income of $18,567.11 to a 401(k) paying 6.1% compounded semiannually, approximately what semiannual income will she be able to draw?

In order for you to be able to solve this problem you have to first identify what the questions is asking. In this case it wants to know the approximation of what the semiannual income that Sarah will be able to draw.

To solve this you simply have to find the future value of her investment prior to retirement and use the as her investment amount upon retirement.

I hope it helps, Regards.

ANSWERED AT 26/01/2020 - 12:28 AM


QUESTION POSTED AT 26/01/2020 - 12:28 AM

Calculate the social security and medicare tax that would be applied to an annual salary of $56,010.a.social security tax: $347.26, medicare tax: $81.22b.social security tax: $3,472.62, medicare tax: $812.15c.social security tax: $662.16, medicare tax: $81.22d.social security tax: $6,621.60, medicare tax: $812.15

Given:
Annual salary: 56,010
Social Security tax rate: 6.2%
Medicare tax rate: 1.45%

Both these taxes are computed based on the annual salary.

Social Security tax:
56,010 x 6.2% = 3,472.62

Medicare Tax:
56,010 x 1.45% = 812.145 or 812.15

Total taxes paid:
3,472.62 + 812.15 = 4,284.77

ANSWERED AT 26/01/2020 - 12:26 AM


QUESTION POSTED AT 26/01/2020 - 12:26 AM

Dana wants to make two types of dog treats. she has 10 cups of peanut butter and 12 cups of flour. her dog bone treat recipe uses 3 cups of peanut butter and 2 cups of flour to make one tray. a tray of her oatmeal dog treat recipe uses 1 cup of peanut butter and 4 cups of flour. she plans to sell trays of dog treats at the town festival and charge $6 for a tray of dog bone treats and $7 for a tray of oatmeal treats. dana wants to maximize her income from selling the dog treats.when writing constraints for the problem, what is the most reasonable definition for the variables x and y?

Constraints: 
10 cups of peanut butter ⇒ x < 10
12 cups of flour ⇒ y < 12

dog bone treat : 3x + 2y ; price : 6 per tray
oatmeal dog treat : x + 4y ; price : 7 per tray

dog bone treat: 3(3x + 2y) = 9x + 6y
oatmeal dog treat: 1(x+4y) =  x + 4y
                                                  10y+ 10y

3 x 6 =18
1 x 7 =  7
            25

variable x is the peanut butter. It should not exceed the 10 cups of peanut butter.
variable y is the flour. It should not exceed the 12 cups of flour.

ANSWERED AT 25/01/2020 - 08:27 PM


QUESTION POSTED AT 25/01/2020 - 08:27 PM

A security alarm requires a four-digit code. The code can use the digits 0–9 and the digits cannot be repeated. What is the approximate probability that the code only contains odd numbers? a)0.0005 b)0.00099 c)0.012 d)0.02381

You have 10 digits: 1, 2, 3, 4, 5, 6, 7, 8, 9, 0, among them there are 5 odd digits: 1, 3, 5, 7, 9.

A security alarm requires a four-digit code with only odd different digits. On the first place of the code could be 1 digit from 5 odd digits, on the second place of the code could be 1 digit from remaining 4 digits, on the third place could be 1 from remaing 3 digits and on the last fourth place could be 1 from remaining 2 odd digits. In total you can create 5·4·3·2=120 different four-digit code with only odd different digits.

In the same way you can count how many different codes you can create from all digits: on the first place of the code could be 1 digit from 10 digits, on the second place of the code could be 1 digit from remaining 9 digits, on the third place could be 1 from remaing 8 digits and on the last fourth place could be 1 from remaining 7 digits. In total you can create 10·9·8·7=5040 different four-digit code with different digits.

Then the probability that the code only contains odd numbers is

 Pr=\dfrac{120}{5040}=\dfrac{1}{42}\approx 0.02381  .

Answer: correct choice is D.

ANSWERED AT 25/01/2020 - 08:12 PM


QUESTION POSTED AT 25/01/2020 - 08:12 PM

A fund set up so that a bond can be retired at maturity is called a _______ fund.

It is trust fund. you get the finds when you're a certain age of maturity

ANSWERED AT 25/01/2020 - 02:53 PM


QUESTION POSTED AT 25/01/2020 - 02:53 PM

Please help A salesperson earns a salary of $800 per month plus 2% of the sales. Which inequality represents the total sales if the salesperson is to have a monthly income of at least $1600?

X - the total sales
800 + 0.02 x ≥ 1600
0.02 x ≥ 1600 - 800
0.02 x ≥ 800
x ≥ 800 : 0.02
x ≥ 40,000
The total sales must be at least $40,000.

ANSWERED AT 24/01/2020 - 12:30 PM


QUESTION POSTED AT 24/01/2020 - 12:30 PM

You start a lawn care company with four friends. you agree to split the profits equally. the tools you need to buy cost $525. how much income will you have to earn to each make a profit of $400?

Since four friends should make a profit of $400 each, the total undivided profit should be $1600. Profit (P) is the difference between the total revenue (R) and the total cost (C). 
                                   P = R - C      ;    R = P + C 
Substituting the known values, 
                               R = $1600 + $525 = $2125

Thus, the total income that the friends should earn is $2125. 
 

               

ANSWERED AT 24/01/2020 - 02:56 AM


QUESTION POSTED AT 24/01/2020 - 02:56 AM

Alex wants to start an ira that will have $1,250,675 in it when he retires in 30 years. how much should he invest semiannually in his ira to do this if the interest is 4.5% compounded semiannually? assume an annuity due. round to the nearest cent. a. $9,698.12 c. $9,828.44 b. $9,728.66 d. $9,931.10

Since we are already given the future value of an annuity due, as well as the annual interest rate (we have to divide this by 2 since it is compounded semi-annually), we can use the formula of the annuity due to solve for the cash flow per period.

Future value of annuity = C * ( ((1 + i/2)^n - 1)/(i/2) ) * (1 + i/2)
1,250,675 = C *  ( ((1 + 0.045/2)^60 - 1)/(0.045/2) ) * (1 + 0.045/2)
C = 9828.44

Therefore, the annuity would be equal to $9,828.44.

ANSWERED AT 24/01/2020 - 02:53 AM


QUESTION POSTED AT 24/01/2020 - 02:53 AM

The cruise boat can carry up to 45 passengers. the company wants to know the minimum number of passengers needed per cruise to cover its costs.this number is called the break-even point.a formula for calculating the break-even point is:break-even point = (fixed costs) ÷ (income per passenger – costs per passenger)the company collects the following data:based on this data (attached), what is the minimum number of passengers needed per cruise, so that the cruise company can be sure it will make a profit?

The cruise boat can carry up to 45 passengers.The company wants to know the minimum number of passengers needed per cruise to cover its costs.This number is called the break-even point.A formula for calculating the break-even point is:Break-even point = (fixed costs) ÷ (income per passenger – costs per passenger)The company collects the following data:

ANSWERED AT 24/01/2020 - 02:48 AM


QUESTION POSTED AT 24/01/2020 - 02:48 AM

Gwens weekly gross income is $525. What is her weekly net income?

If there is no reduction such as tax and etc, the gross income will be equal to net income.

net income = $525

ANSWERED AT 22/01/2020 - 01:52 AM


QUESTION POSTED AT 22/01/2020 - 01:52 AM