Calculating Payroll Taxes You are an assistant marketing manager for Big $12$ Sporting Goods. Your gross monthly income is $\$ 4,900$. Use the Internet to locate $(1$) the IRS monthly payroll tax table, $(2)$ the payroll tax for your state, $(3)$ the Social Security tax rate, and $(4)$ the Medicare tax rate. What will be the amount of the payroll check you will receive each month? If you owned your own business and paid yourself a salary, how much more would be deducted from a $\$ 4,900$ gross salary? $4,900$. Use the Internet to locate $(1)$ the IRS monthly payroll tax table, $(2)$ the payroll tax for your state, $(3)$ the Social Security tax rate, and $(4)$ the Medicare tax rate. What will be the amount of the payroll check you will receive each month? If you owned your own business and paid yourself a salary, how much more would be deducted from a $\$ 4,900$ gross salary?

Name three benefits of a career in marketing.

You have been asked to order and assemble a display with the following items from a local store: scissors and stapler $15.15; a glue gun$9.95; a tape measure $5.49; razor blades and utility knife$5.49, paper towels and window spray $3.49; small tools (hammer, screwdriver and pliers)$15.65; and a notebook and a pad of paper, $2.95. Assume a sales tax of 6 percent. What will be the total cost of these items for your employer?

Directions Read the following questions. On a separate piece of paper, write the best possible answer for each one.

O*NET is:

A. a TV network.

B. a program for searching the Internet.

C. the Occupational Information Network.

D. a Web site that displays NFL football scores.

Transportation Costs Consumers who buy online might pay about $10$ percent of the cost of an item for shipping and handling. These charges are not included when a customer buys the same item at a store. However, the customer does pay for his or her own transportation costs separately. If it costs you 438$cents per mile to drive your car, what are the transportation costs for a$15$-mile trip to the store?

Consumers who buy online might pay about 10 percent of the cost of an item for shipping and handling. These charges are not included when a customer buys the same item at a store. However, the customer does pay for his or her own transportation costs separately. If it costs you 38 cents per mile to drive your car, what are the transportation costs for a 15-mile trip to the store?

Name the first two steps in choosing a career.

Why must the objectives of a marketing plan be single-minded, specific, realistic, measurable, and time-framed?

You started a new job recently, and today you received your first paycheck. It was quite a bit less than you expected. When you were hired, you were told that you would earn $12 an hour. Over the first two weeks, you worked 30 hours, so you thought you would be paid$360. You asked your boss about it, and she simply said the difference was taken out for deductions. What does that mean? What deductions can legally be taken out of your paycheck? How are these deductions used?

A large amount of money is spent on promotional activities in the United States every year. The average budget breaks down as follows: 50 percent for advertising 30 percent for sales promotion, and 20 percent for trade promotion. Use these percentages to calculate the amount a company will spend on each type of promotion if its overall budget is $400,000.

Online coupons are a popular type of sales promotion. A food manufacturer has introduced a new pecan-and-almond nut-duster snack You obtain a manufacturer's online coupon for $1 off the snack that retails for$7.99. The store also has a sale and the snack is being offered at $6.49 for a limited time. What percentage discount would you receive if you used the coupon during the sale?

If the local recycling plant pays $0.10 per pound for aluminum cans, how many pounds of cans would it take to get$25?

A credit card company offers an annual percentage rate of 21 percent. The balance on your credit card is $1,000, and the minimum payment due is$100. If you make the minimum payment, what will the balance on your credit card be the next month, assuming you did not make any new purchases?

Read the following questions. On a separate sheet of paper write the best possible answer for each one. A promotional flyer states, "Buy one purse and get a second one (of the same value or less) for half price." What is the cost for two purses priced at $21.99 and$25.99? A. $34.99 B.$35.99 C. $36.99 D.$37.99