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How much more interest is earned on an investment of $12,585 at 3.5% interest over 5 years if the interest is compounded annually rather than earning simple interest? a. They are the same. b. $159.65 c. $2,362.03 d. $12,744.65
Weegy: c. $2,362.03 is compounded annually rather than earning simple interest. (More)
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Asked 326 days ago|10/29/2013 6:10:36 AM
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Approximately how much principal would need to be placed into an account earning 3.575% interest compounded quarterly so that it has an accumulated value of $68,000 at the end of 30 years? a. $23,706 b. $23,377 c. $52,069 d. $58,944
Weegy: $23,706 : principal would need to be placed into an account earning 3.575% interest compounded quarterly so that it has an accumulated value of $68,000 at the end of 30 years. [ ] (More)
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Asked 326 days ago|10/29/2013 6:09:07 AM
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Social Security and Personal Income tax are called Payroll taxes because _____. a. they help to balance the national payroll budget. b. they are automatically deducted from payroll. c. once paid, they are used to supplement the paychecks of people in need. d. you need to prove you have paid them before you can pick up your paycheck.
Weegy: Payroll taxes generally fall into two categories: deductions from an employee’s wages and taxes paid by the employer based on the employee's wages. [ The first kind are taxes that employers are required to withhold from employees' wages, also known as withholding tax, pay-as-you-earn tax (PAYE), or pay-as-you-go tax (PAYG) and often covering advance payment of income tax, social security contributions, and various insurances (e.g., unemployment and disability). The second kind is a tax that is paid from the employer's own funds and that is directly related to employing a worker. These can consist of fixed charges or be proportionally linked to an employee's pay. The charges paid by the employer usually cover the employer's funding of the social security system, and other insurance programs. ] (More)
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Asked 318 days ago|11/6/2013 7:16:40 AM
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