Hello.

Can I get help on this assignment?

PRACTICE EXERCISES:

Find each amount to the nearest cent

1. 17% of $250.75 __________________ 2. 27% of $16,125 _________________

3. 3.5% of $725.50 __________________ 4. 12% of $3,014 __________________

5. Bronson works at America's Best Pets, Inc. His salary is $72,000 as a store manager. Bronson can contribute up to $15,000 per year to his savings plan. Bronson wants to contribute 20% of his salary. What is the most that he can contribute in a year? _______________________________________

6. Money withdrawn from an IRA is subject to a 10% federal tax penalty if taken before a stipulated age. Lisa wishes to withdraw $24,000 from her IRA to purchase a new car. What is the federal tax penalty? _________________________________

7. Jon's employer, We Build Houses Construction, Inc., offers a profits sharing plan to its' employees. The plan allows employees to purchase company stocks at a 30% discount. When Jon buys his stock, they were selling for $32.50 per share to non-company employees. How much does Jon pay for 225 shares of his company's stock? ________________________________________________________

8. Aus invested in a savings plan that earned 10% compounded annually. His original investment was $2,500. For four (4) Aus did not make any additional contributions to his account. He did not make any withdrawals during this time. What is his balance at the end of 4 years? _________________________?

9. Blue Bonnet Dairy farms match 4% of employee contribution dollar for dollar up to a maximum of $7,000 per year. Bronson contributes $150 out of each bi-weekly check for 4 years. How much did his employer match each time? _________________________________________________________

10. Lisa invest 12% of her $98,000 salary in the employee savings plan of Fast Jet Airways each year. Fast Jet matches 3% of her contribution up to $8,500 annually. How much does Fast Jet Airways pay in matching funds over a 4 years? _________________________