Janice Davidson, single mother of two in her late 20s, manages an in-store boutique at Lacy's Department Store. She earns $60,000 a year before taxes (her gross income) and pays 20% in taxes. Janice's fixed monthly living expenses are $2,400 with another $1,600 in variable/discretionary living expenses. Janice has $13,000 in emergency savings. Janice has an employer-paid disability benefit through the department store where she works. Lacy's provides its employees a long-term disability insurance benefit that pays 60% of an employee's gross salary up to a maximum of $5,000 a month. Would a policy that pays 40% of her gross salary provide enough income to cover Janice's fixed monthly expenses if she became disabled and couldn't work? If yes, how much could she set aside each month after fixed expenses are paid? If no, how much of a shortfall would she have and how could she cover it?​

Answers

Answer 1

Answer:

No, her savings

Step-by-step explanation:

Her monthly income is 5000 (60000/12). She pays $1000 per month (5000x.2) in taxes and has another 2400 in fixed expenses. So her monthly fixed expenses (don’t include 1600 variable) are 3400 (1000+2400). A disability benefit of 40% would pay $2000 per month (5000 x .4). S0 she would be short 1400 per month (2000-3400). She would have to use her $13,000 in savings to make up the difference.

hopefully I interpreted the questions correctly!

Answer 2

a) 40% policy will not cover Janice's fixed monthly expenses.

b) Janice's shortfall is $400.

c) For the shortfall, Janice may resort to emergency funds.

What is a fixed monthly living expense?

A fixed monthly living expense is an expense that does not change from period to period.

Examples of fixed monthly living expenses include:

Mortgage paymentsUtility billsLoan payments.

Data and Calculations:

Annual gross income = $60,000

Annual tax liability = 20% or $12,000 ($60,000 x 20%)

Fixed monthly living expenses = $2,400

Annual fixed living expenses = $28,800 ($2,400 x 12)

Variable discretionary living expenses = $19,200 ($1,600 x 12)

Emergency savings = $13,000

A policy that pays 40% as the disability allowance of gross salary will pay $2,000 ($5,000 x 40%).

Learn more about fixed and variable monthly expenses at https://brainly.com/question/8225307


Related Questions

guys help im bad at math

Answers

Answer:

A = 13

B = 50

C = 22.5

D = 3.5

E = 16.3

Step-by-step explanation:

divide each area by 4

ex: 52 ÷ 4 = 13

Don’t worry we’re all bad at math. Though this simple once you know what to do. Simply divide each area by 4 and each will end up coming out to

A: 13

B: 50

C: 22.5

D: 3.5

E: 16.3

There you go!

Gaelle Bosquet Nth Term of an Arithmetic Sequence Apr 10, 12:29:36 AM Find the 60th term of the arithmetic sequence 4,-1,-6, ... Answer: Submit Answer

Answers

Answer:

The nth term is [tex]a_n = 4 - 5(n-1)[/tex]

The 60th term of the sequence is -291.

Step-by-step explanation:

Arithmetic sequence:

In an arithmetic sequence, the difference between consecutive terms is always the same, and it is called common difference.

The nth term is given by:

[tex]a_n = a_1 + (n-1)d[/tex]

In which [tex]a_1[/tex] is the first term and d is the common difference.

4,-1,-6

The common difference is:

[tex]d = -1 - 4 = -5[/tex]

First term [tex]a_1 = 4[/tex]

So

[tex]a_n = a_1 + (n-1)d[/tex]

[tex]a_n = 4 - 5(n-1)[/tex]

60th term:

[tex]a_{60}[/tex]. Si

[tex]a_{60} = 4 - 5(60-1) = -291[/tex]

The 60th term of the sequence is -291.

joseph left the house at 11:17 A.M and returned at 12:45 P.M how many minutes was joseph gone from the house

Answers

1 hour & 28 minutes.

Joseph was gone from the house for 1 hour & 28 minutes.

Question 20(Multiple Choice Worth 2 points) (01.02 LC) Which number has a 9 that is one tenth the value of the 9 in 296? 195 409 981 1,956 NO LINKS HELP ASAP

Answers

Answer:

409 i would say

Step-by-step explanation:

very sorry is its wrong!!! :(

Answer:

prob d im guessing :^)

Step-by-step explanation:

tell me if i got it right or wrong i will fix if needed

Find the slope of the line passing through the points (-6,-9) and (9,-9)

Answers

(-6,-9) (9–9
-9-9/-9- -6
-18/-3
The slope is 6
Hope that helped :)

please help me .......

Answers

9514 1404 393

Answer:

  65°

Step-by-step explanation:

Any sort of bisector divides a geometry into two congruent parts. Here, we have an angle bisector that divides the larger (130°) angle into two equal parts. The measure of each of the resulting smaller angles will be 130°/2 = 65°.

  ∠JAE = 65°

A block of wood measures 5.5 inches by 3.5 inches by 9 inches. What is the volume of the block of wood

Answers

Answer:

V = 173.25 in³

Steps:

V = 5.5 × 3.5 × 9

V = 173.25 in³

8 3/4 divided by 3 1/2

Answers

Answer:

[tex]2\frac{1}{2}[/tex]

Step-by-step explanation:

find the next term in the sequence. please type the number only as you answer. hint first figure out if the sequence is arithmetic or geometric
-3,9,-27,81,​

Answers

Next term = -243
Because it is x3 every time

Help me I beg u! The pre-image coordinates of a triangle are J(-6,9), K(-6,4), and L(-3,4). The coordinates of the transformed triangle are J'(2,9), K'(2,4), and L'(5,4). What transformation has occurred? A. translation B. reflection C. dilation D. rotation Reset Next Question

Answers

Answer:

A. Translation

Step-by-step explanation:

Given

Preimage

[tex]J = (-6,9)[/tex]

[tex]K = (-6,4)[/tex]

[tex]L = (-3,4)[/tex]

Image

[tex]J' = (2,9)[/tex]

[tex]K' = (2,4)[/tex]

[tex]L' = (5,4)[/tex]

Required

Which transformation occurred

The transformation that occurs is translation because each of the preimage were translated or shifter right by 8 units.

The rule applied here is:

[tex](x,y)=>(x+8,y)[/tex]

So, we have:

[tex]J = (-6,9)[/tex] [tex]==> (-6+8,9) = (2,9)[/tex]

[tex]K = (-6,4)[/tex] [tex]==> (-6+8,4) = (2,4)[/tex]

[tex]L = (-3,4)[/tex] [tex]==> (-3+8,4) = (5,4)[/tex]

Hence, the transformation is (a) Translation

What 1,500 rounded to the nearest hundredth

Answers

Answer:

2,000

Step-by-step explanation:

The answer is 2,000 hope that helps!

CLICK ON PHOTO AND NOOOOO LINKS PLSSSS

Answers

You put those equal to each other that find the x and than x value to x+3.

St. Patrick's Day Problem Solving
Use the weight on the scales to determine the weight of each egg.
Note: Identical eggs weigh the same amount,

3.5
6
5.5

Answers

Maybe the answer 3.5 I don’t know

Order these numbers from least to greatest:
|-17|
|-18|
-18
|19|
20

Answers

Answer:

-18, |-17|, |-18|, |19|, 20

Step-by-step explanation:

the absolute value of -17 is 17, the absolute value of -18 is 18, and the absolute value of 19 is just 19. Absolute values are never negative.

Hope this helps!

A rectangular garden has dimensions of 100 feet by 10 feet. Next season, the garden is decreased to 2/5 of its size what is the scale of the new drawing

Answers

Answer:

4 and 40

Step-by-step explanation:

2/5 of 10 is 4

2/5 of 100 is 40

Helpp meeeeeeeeeeeeeeeeeee

Answers

Answer:

perimeter = 48 Area = 144

Step-by-step explanation:

was that all?

A flower bed is in the shape of a triangle, with a base of 11 feet and a height of 7 feet. What is the area of the flower bed

Answers

Answer:

38.5ft²

Step-by-step explanation:

Triangle area formula = [tex]\frac{1}{2} * b * h[/tex]

Triangle area = [tex]\frac{1}{2} * 11 * 7[/tex]

Triangle area = 0.5 * 11 * 7

Triangle area = 38.5ft²

Answer: GIVE THE GUY BRAILIEST PLEASE

Please help me I need this due

Answers

C. 18 just had this problem

The Thompson family is buying a car that can travel 70 miles

Answers

Answer:

The car gets 35 miles per gallons.

Step-by-step explanation:

Please help. Thank you.

Answers

Answer:

-10m-9

Step-by-step explanation:

-3(4m+3)+2m

combine like terms

-12m-9+2m

-10m-9

-10m-9 is the answer. good luck

5/8 in simplest form.

Answers

Answer:

5/8 in simplest form is 5/8

Step-by-step explanation:

Answer:

5/8 is in the simplest form already.

Step-by-step explanation:

It cant be lowered anymore, due to 5 not being divisible by 4, 2, or 8, which is what 8 is divisible by.

Can someone help me with this question?

Answers

Answer:

D

Step-by-step explanation:

2 x 2 = 4 x PI = 12.56

The answer would be. B

16.
There are two adjacent supplementary angles. The larger angle is 2
more than 3 times the smaller angle. What are the degrees of both
angles? What is the difference in their measurements?

Answers

44.5 and 135.5. The difference is 91

0. Folded boxes a. Squares with sides of length x are cut out of each corner of a rectangular piece of cardboard measuring 5 ft by 8 ft. The resulting piece of cardboard is then folded into a box without a lid. Find the volume of the largest box that can be formed in this way. b. Squares with sides of length x are cut out of each corner of a square piece of cardboard with sides of length /. Find the volume of the largest open box that can be formed in this way.

Answers

Answer:

Box dimensions:

L = 3 ft

D = 6 ft

H = 1 ft

Volume  V = 18 ft³

Step-by-step explanation:

a) Each side of the future box is

L = 5 - 2*x     D = 8 - 2*x  

height of the box is   x

Then the volume of the box as function of x is:

V(x) =  ( 5 - 2*x ) * ( 8  - 2*x ) * x

V(x) = ( 40 - 10*x - 16*x + 4*x² ) * x

V(x) = 40*x - 26*x² + 4*x³

Tacking derivatives on both sides of the equation:

V´(x) = 40 - 52*x + 12x²     or     V´(x) = 20 - 26*x + 6*x²

If V´(x) = 0

6*x² - 26*x + 20  = 0

Solving for x

x₁,₂  = (-b ± √ b² - 4*a*c  ] /2*a

x₁,₂  = ( 26  ±  √ 676  - 480  ) / 12

x₁,₂  =  (26 ± 14 )/ 12

x₁  = 1

x₂ = 3,33        ( we dismiss this solution since is not feasible according to cardboard dimensions )

Then the sides of the box are:

L = 5 -2*x      L  =  5 - 2*1     L = 3 ft

D = 8 - 2*x    D  = 8 - 2*1     D = 6 ft

H = x = 1 ft

And the volume is    V = 6*3*1 = 18 ft³

Jimmy has 6 computers and 7 printers to choose from. How many possible computer- printer combinations are there to make?

O 42
O 13​

Answers

Answer:

13

Step-by-step explanation:

Computers=6

Printers=7

Now,

=6+7

=13

The correct answer is 13

whcich expression are equivialant to the one below 3^4*3^x

Answers

Answer:

3x+4

Step-by-step explanation:

The sim of any matrix and a zero matrix is

A. Undefined

B. Zero

C. The zero matrix

D. The original matrix

Answers

The answer would be D

It’s D the answer is D

PLEASE HELP!! NO SCAM LINKS

Answers

9514 1404 393

Answer:

  (d)  new line is less steep

Step-by-step explanation:

Changing the slope from 3 to 1/3 makes the line less steep.

__

In the attachment, the blue line is the new line.

Question:

Simplify. √(36)²

Answers

Answer:

36

Step-by-step explanation:

sqrt(36)^2

36

I hope this helps

help me please! i’m giving brainliest! :)

A desk measures 3 feet in height. How many inches does the desk measure in height?

Answers

Answer:

36 Inches

Step-by-step explanation:

Answer:

36

Step-by-step explanation:

it would just be 12×3=36

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