Functions: working to pay taxes

dv8anly

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Feb 5, 2008
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The major portion of a person's work year is spent earning money to pay taxes, Expense Category Federal Taxes = 79 days you have to work, State and Local Taxes = 41 days you have to work, Housing = 62 days you have to work, Health Care = 52 days you have to work, Food = 30 days you have to work, Transportation = 30 days you have to work, Recreation* = 22 days you have to work, Clothing = 13 days you have to work, Savings* = 7 days you have to work, Miscellaneous* = 29 days you have to work, and the Total time = 365 days. The items with the( * ) are the disposable income,

If you start work on January 1, 2007, and must work steady 8-hour days (no weekends off) until you have worked enough days to pay all of your taxes, on what calendar date would you have finished paying all of the taxes and started working for yourself? March 15, 2008

How much of your work year earns you your housing and food money? 4%

What percent of your year is spent earning money that would be considered "disposable" income? 5%

If you earned $52,000 per year, approximately how much disposable income would you have? 10,400
 

sgtpepper

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Re: Functions

Was this a question? Or did you just want your answers checked?
 

dv8anly

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It is a question I just wanted to check my answers to see if I was doing the problem right. Thanks
 

Subhotosh Khan

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dv8anly said:
The major portion of a person's work year is spent earning money to pay taxes, Expense Category Federal Taxes = 79 days you have to work, State and Local Taxes = 41 days you have to work, Housing = 62 days you have to work, Health Care = 52 days you have to work, Food = 30 days you have to work, Transportation = 30 days you have to work, Recreation* = 22 days you have to work, Clothing = 13 days you have to work, Savings* = 7 days you have to work, Miscellaneous* = 29 days you have to work, and the Total time = 365 days. The items with the( * ) are the disposable income,

If you start work on January 1, 2007, and must work steady 8-hour days (no weekends off) until you have worked enough days to pay all of your taxes, on what calendar date would you have finished paying all of the taxes and started working for yourself? March 15, 2008<<<< Incorrect (79+41 = 120 = 31+28+31+30)

How much of your work year earns you your housing and food money? 4%<<<< Incorrect - show work

What percent of your year is spent earning money that would be considered "disposable" income? 5%<<<< Incorrect - show work

If you earned $52,000 per year, approximately how much disposable income would you have? 10,400<<<< Incorrect - show work
 

dv8anly

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Feb 5, 2008
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Ok, I'm going to try this again here goes! Showing work for the questions that I posted ealier.
my first answer is May 1, 2007
2. 92 (100) = 365, 9200 / 365 = 25%

3. 58 (100) = 365, 5800 / 365 = 16%

4. 52,000 / 16% = 3,250
 

Subhotosh Khan

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dv8anly said:
Ok, I'm going to try this again here goes! Showing work for the questions that I posted ealier.
my first answer is May 1, 2007<<<<<<<<<<correct
2. 92 (100) = 365, 9200 / 365 = 25%<<<<<<<<<<correct

3. 58 (100) = 365, 5800 / 365 = 16%<<<<<<<<<<correct

4. 52,000 / 16% = 3,250<<<<<<<<<<Incorrect

52000 * 0.16 = 8320
 

dv8anly

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Feb 5, 2008
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Thank You for all your help! I'm trying to learn this math si I appriecate any help I can get
Dv8anly
 
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