Hey guys ive been really struggling with these, please help! I will give best answer.
You work 35 hours/week for 52 weeks and are given the option to be paid hourly or to go on salary. In which situation will you earn the most? (1 point)
$30,000/year with a 5% bonus
$17.50/hour and a $1,500 bonus at the end of the year
Your gross pay is $1,843.45. Your involuntary deductions are FICA (7.65%), federal withholding (9%), and state withholding (6.5%). How much are you allowed for housing and fixed expenses? (1 point)
Your parents have 3 credit cards. Each has its entire credit line used, and the credit limits are $1,800.00, $2,600.00, and $3,500.00. Paying off and closing which card would increase your parents' debt ratio the most? (1 point)
The debt ratio remains the same.