1. The list price for a stereo is $1,232.41. If the trade discounts are 4/4, what is the net cost for the stereo?

2. If the trade discounts are listed as 4/3/7, what would be the single discount rate?

Round the percent to two decimal places

3. You receive an invoice dated January 1st for $1,058. The invoice terms state 2/10, n/30. If you intend to pay the bill on January 15th, how much should you pay?

4. You receive an invoice dated January 1st for $1,453. The invoice terms state 4/15, n/30. If you intend to pay the bill on January 10th, how much should you pay?

5. You receive an invoice dated January 1st for $1,133. The invoice terms state 4/10, 2/20, n/30. If you intend to pay the bill on January 15th, how much should you pay?

6. If Alice's hourly wage is $14.81 and she worked 34 this week, what would be her FICA tax burden?

Remember the Medicare tax rate is 1.45% and Social Security is 6.2%.

Answer rating: 100% (QA)

Solution 6 Total gross pay h... View the full answer