Their net monthly income is $4,500. They have an emergency fund that is 6% of their monthly budget and they have a savings of 7% per month. Medical costs are$675 per month, housing is $1,485, and transportation costs$450. Food accounts for 17% of the monthly budget and they spend 5% on entertainment. They also spend 7% of the budget on clothing each month. How much does the Plimpton family spend on clothing each month?

The U.S. government spends over $\$ 33$ billion on its Food Stamp program to provide millions of Americans with the means to purchase food. These stamps are redeemable for food at over 160,000 store locations throughout the nation, and they cannot be sold for cash or used to purchase nonfood items. The average food stamp benefit is about $\$ 284$ per month. Suppose that, in the absence of food stamps, the average consumer must divide $\$ 600$ in monthly income between food and "all other goods" such that the following budget constraint holds: $\$ 600=\$ 12 A+\$ 4 F$, where $A$ is the quantity of "all other goods" and $F$ is the quantity of food purchased. Using the vertical axis for "all other goods," draw the consumer's budget line in the absence of the Food Stamp program. What is the market rate of substitution between food and "all other goods"? On the same graph, show how the Food Stamp program alters the average consumer's budget line. Would this consumer benefit from illegally exchanging food stamps for cash? Explain.

A consumer's budget set for two goods ( $X$ and $Y$ ) is $600 \geq 3 X+6 Y$.

a. Illustrate the budget set in a diagram.

b. Does the budget set change if the prices of both goods double and the consumer's income also doubles? Explain.

c. Given the equation for the budget set, can you determine the prices of the two goods? The consumer's income? Explain.

Their net monthly income is $4,500. They have an emergency fund that is 6% of their monthly budget and they have a savings of 7% per month. Medical costs are$675 per month, housing is $1,485, and transportation costs$450. Food accounts for 17% of the monthly budget and they spend 5% on entertainment. They also spend 7% of the budget on clothing each month. How much more does the Plimpton family spend on food than on savings each month?

The optimal consumption bundle is always represented by a point A. inside the consumer's budget line. B. outside the consumer's budget line. C. at the highest point on the consumer's budget line. D. on the consumer's budget line. E. at the horizontal intercept of the consumer's budget line.

Evaluate the expression for the given value(s) of the variable(s). -3x+7, x=-2

Verify that

$$\cos ( \theta - \pi ) = - \cos \theta$$

A normal distribution has a mean of 33 and a standard deviation of 4. Find the probability that a randomly selected x-value from the distribution is in the given interval. Between 29 and 27

Make up an entertaining word problem leading to the following system of equations.

$$\begin{aligned} 10 x+20 y+10 z &=100 \\ 5 x+15 y &=50 \\ x+y+z &=10 \end{aligned}$$

Solve the equation (if possible). $\frac{3 x}{4}+\frac{x}{2}=-5$

The following information is available for the employees of Yui Company for the first week of January 2016:

1. Sam earns $32 per hour and 1.5 times his regular rate for hours over 40 per week. Sam worked 46 hours the first week in January. Sam's federal income tax withholding is equal to 10 percent of his gross pay. Yui pays medical insurance of$75 per week for Sam and contributes $50 per week to a retirement plan for him.

2. Adam earns a weekly salary of$1,200. Adam's federal income tax withholding is 15 percent of his gross pay. Yui pays medical insurance of $110 per week for Adam and contributes$100 per week to a retirement plan for him.

3. Vacation pay is accrued at the rate of 1/4 of the regular pay rate per hour for Sam and $60 per week for Adam.

Assume the Social Security tax rate is 6 percent on the first$110,000 of salaries and the Medicare tax rate is 1. 5 percent of total salaries. The state unemployment tax rate is 5.4 percent and the federal unemployment tax rate is 0.6 percent of the first $7,000 of salary for each employee.

Required

Compute the gross pay for Sam for the first week in January.

$$\text{Distribution of Gross Pay (\$700)}$$

In the table, what percent of the gross pay is federal income tax? (Round to tenths.)

¿Cuando estudia Tito en la biblioteca? ____________________________________________________________________________________________

Jurisdiction X levies a flat 14 percent tax on individual income in excess of $35,000 per year. Individuals who earn$35,000 or less pay no income tax.

Mr. Hill earned $98,750 income this year. Compute his income tax and determine his average and marginal tax rate.