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

What is the answer to 1+1 ?​

Answers

Answer:

2

Step-by-step explanation:

1+1=2

Thank you for coming to my TED Talk

Answer:

22

Step-by-step explanation:

Ajar contains 5 red marbles, 3 green marbles, and 4 blue marbles. A marble is selected without looking. What is the probability that the selected marble is red?​

Answers

Step-by-step explanation:

most likley

25. Which two conversions are correct?
A. 7 mm = 70 cm
B. 7 cm = 0.07 m
C. 7,000 m = 7 km
D. 0.7 cm = 70 mm
E. 7 m = 7,000 km

Answers

Answer:

The answer is B and C

Step-by-step explanation:

1 Meter is equal to 0.001 Kilometer

1 Centimeter is equal to 0.01 Meters

The unit conversions which has the true measurements are

a) 7 cm = 0.07 m

b) 7,000 m = 7 km

What is unit conversion?

In order to translate measurements of a particular amount between different units, a mathematical conversion factor is usually used. This modifies the measurement of the quantity without altering its effects.

The particular circumstances or the intended result control the conversion process. This may be governed by law, a contract, a list of technical specifications, or other publicly available standards.

A precise conversion from one system to another is necessary for some measures in order to maintain the precision of both the original measurement and the conversion.

Based on the connection between a particular pair of original units and a particular pair of target units, each conversion factor is chosen.

Given data ,

Let the unit conversion be represented as A

Let the first measurement be p

where the value of p is

p = 7 cm

From the unit conversion , 1 m = 100 cm

So , 7 cm = 0.07 m

And , let the second measurement be q = 7,000 m

From the unit conversion , 1 km = 1,000 m

7,000 m = 7 km

Hence , the unit conversions are solved

To learn more about unit conversion click :

https://brainly.com/question/19420601

#SPJ2

PLEASE HELP ASAP
Find the missing side of this right
triangle,
Х
8
16
x = [?]

Answers

Answer:

its is 192 I just took this assignment

Does anyone know answer please?

Answers

Answer:

Step-by-step explanation:

The complete question in the attached figure

we know that

When two lines are crossed by another line (transversal), a pair of angles on the inner side of each of those two lines but on opposite sides of the transversal, are called Alternate Interior Angles.

When the two lines being crossed are Parallel Lines the Alternate Interior Angles are congruent

In this problem

---> by alternate interior angles

we have

therefore

What is (14x^2– 27x+9) / (7x-3)?

A. 7x-3
B. 2x-3
C. -211x+9
D. 2x-33

Answers

Answer:

B. 2x - 3

Step-by-step explanation:

[tex] \rm \frac{ {14x}^{2} - 27x + 9}{7x - 3} [/tex]

[tex] \rm = \frac{ \cancel{(7x - 3)}(2x - 3)}{ \cancel{7x - 3}} [/tex]

[tex] \boxed{ \rm \bold{= 2x - 3}}[/tex]

Answer:

[tex]\tt{}2x - 3[/tex]

Step-by-step explanation:

[tex] \tt{} \frac{(14 {x}^{2} - 27x + 9) }{(7x - 3)} [/tex]

[tex] \tt{} \frac{14 {x}^{2} - 6x - 21x + 9 }{7x - 3} [/tex]

[tex]\tt{} \frac{2x \times (7x - 3) - 3(7x - 3)}{7x - 3 } [/tex]

[tex]\tt{}2x - 3[/tex]

henry is 70 inches tall Aaron is 6feey 2inches tall how much taller is Aaron than Henry

Answers

Answer:

4 inches taller

Step-by-step explanation:

aaron is 74 inches

3186 people contributed to charity. this was an increase of 486 people over last year. Express the increase as a percentage.

Answers

Answer:

18%

Step-by-step explanation:

Given data

People that contributed the last year= 3186-486

=2700people

Hence the percentage change

=486/2700*100

=0.18*100

=18%

Hence the change in the number of people that contributed is 18%

The area of a rectangular living room is 264 square feet. The length of the room is 2 feet less than twice the width.
What is the width of the living room in feet?

Answers

9514 1404 393

Answer:

  12 ft

Step-by-step explanation:

Let the width of the room be represented by w. Then the length is (2w-2), and the area is ...

  A = LW

  264 = (2w-2)w

  132 = w² -w . . . . . . . divide by 2, eliminate parentheses

  132.25 = w² -w +.25 . . . . . add (-1/2)² to complete the square

  √132.25 = w -0.5 . . . . . take the square root

  0.5 +11.5 = w = 12 . . . . . add 0.5; use the positive root

The width of the living room is 12 feet.

1) A line passes through the points (7,4) and (-5, - 2). Which of the
following equations BEST defines this line?

Answers

Answer:

.5x = y

Step-by-step explanation:

You can find mx by comparing two points on a graph

What is the volume of the following figure? (Round your answer to the
nearest tenth and leave it in terms of pi.)
Width= 18 m length=10 m
A 180mm
B. 3240mm
C. 810 m
D. 8171 m

Answers

The answer is C for this question

I'll add a photo of the problem! ​

Answers

Answer:

its d

Step-by-step explanation:

the number 30 is not listed in the problem there that is info that is not there

find the missing side.

Answers

no sides are missing !


Which equation shows the
commutative property of addition?
A 2x = 2x
B 2x + 3 = 3 + 2x
C 2x - 3 = 2(x - 3)
D 2(x + 3) = 2x + 6

Answers

Answer:

B

Step-by-step explanation:

Have a nice day!

The answer is B since you can add in any order with those numbers

Is this correct?? So, basically, it asking for a decimal equivalent to 920.35

Answers

Yes it is correct
:)

it takes 2 days to repair 150 meters of road. at this rate, how many days will it take to repair 6 kilometers of road?

Answers

Answer:

4 ndays

Step-by-step explanation:

Need HELPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPP

Answers

9514 1404 393

Answer:

  x = 6

Step-by-step explanation:

The similarity statement tells you ...

  TR/TP = XZ/XP

  TR = x = TP(XZ/XP) = 12(18/36)

  x = 6

Which of the following is the logical conclusion to the conditional statements
below?
a = b
b=0
А. b=a
B. -as
C.boa
D. a =

Answers

Answer:

b

Step-by-step explanation:

Solve for x. Round all answers to the nearest tenth.
9
X
12

Answers

Answer:

I hope im right so so sorry if im not

Step-by-step explanation:

first find area

1/2 bh

1/2 of base times height

bh=(9)(12)=108

if there is a right angle then that is 90°

so do 108° -90° which is 18°

So your answer is 18°

The solution is, the value of x = 36.87.

What are trigonometric relations?

Trigonometry is the study of the relationships between the angles and the lengths of the sides of triangles

here, we have,

The six trigonometric functions are sin , cos , tan , cosec , sec and cot

Let the angle be θ , such that

sin θ = opposite / hypotenuse

cos θ = adjacent / hypotenuse

tan θ = opposite / adjacent

here, we have,

from the given figure,

we get,

height = 9

base = 12

by, using the trigonometric relations,

we get,

tan x = 9/12

or, tan x = 0.75

or, x = 36.87

Hence, The solution is, the value of x = 36.87.

To learn more about trigonometric relations click :

brainly.com/question/14450671

#SPJ5

Someone please help

Answers

Answer:

m= -1

Step-by-step explanation:

what is the rule for (f - g) (x)?

Answers

Answer:

where is the question check well please

Which of the following statements is true about the number [tex]\frac{30}{2}[/tex]?

- It is contained in the set of rational numbers, but it is not contained in the set of natural numbers, whole numbers, integers, or irrational numbers.
- It is contained in the set of irrational numbers and rational numbers, but it is not contained in the set of natural numbers or whole numbers.
- It is contained in the set of natural numbers, whole numbers, integers , and rational numbers, but it is not contained in the set of irrational numbers.
- It is contained in the set of whole numbers and rational numbers, but it is not contained in the set of irrational numbers or integers.

Answers

9514 1404 393

Answer:

  (c)  - It is contained in the set of natural numbers, whole numbers, integers, and rational numbers, but it is not contained in the set of irrational numbers.

Step-by-step explanation:

The improper fraction (a rational number) reduces to 15, a whole number, natural number, and integer. A ratio of integers is never an irrational number.

The best description is the third one:

- It is contained in the set of natural numbers, whole numbers, integers, and rational numbers, but it is not contained in the set of irrational numbers.

evaluate the expression for the given value 3a^2 + 6b^3. a=3 b=2​

Answers

Answer:

5. is the answer

Step-by-step explanation:

Which number does the blue dot represent on the number line?

Answers

it represents C -12
The blue dot represents -12, the line is going forward 3 points and back 3. So each point is worth 3 points. Moving back 4 points equals -12.

a set of speakers that regularly cost $160 are on clearance for 35% off. Find the sales price of the speakers

Answers

Answer:

I'm pretty sure this is the answer....

The speakers are $56.

Sorry if i'm wrong. :')

Step-by-step explanation:

Answer:

You want to buy something that costs $160, and it's on sale for 35% off. What is the item's sale price?

First, convert the 35% to a real mathematical number. For percents, this is always done by dividing the 35% by 100%, or 35% / 100% = 0.350.

Second, find out what 35% of $160 is. This is the amount of the sale discount. This is always found by mulitplying 0.350 by the item's cost $160, like this:

0.350 x $160 = $56.00.

So for this sale, you'll save $56.00 on this item.

This means, the cost of the item to you is

$160 - $56.00 = $104.00.

Alternatively, you can think about it this way. The item is 35% off. This means you'll pay 65.000% of the total cost (100% - 35% = 65.000%).

Now what's 65.000% of the total cost?

0.650 x $160 = $104.00.

Just like the result above, the sale price on the item is $104.00

When eleven is reduced by one-third of a​ number, the result is 5
. Find the number.

Answers

Answer:

18

Step-by-step explanation:

11 - 1/3x = 5

Subtract 11 from both sides

-1/3x = -6

Multiply both sides by -3

x = 18

A competitive cliff diver jumps into
water 81 feet below. The distance d that the diver falls
in t seconds is given by the equation d = 16t^2. How
long does it take the diver to hit the water?

Answers

Answer:

2.25 seconds

Step-by-step explanation

[tex]d=16t^{2}[/tex]

[tex]d=81 feet\\t=?[/tex]

Because you know what distance equals you can plug it into the equation

[tex]81=16t^{2}[/tex]

From there you can solve by dividing the 16 over and then square rooting.

[tex]\frac{81}{16}=t^{2}[/tex]

[tex]5.0625=t^{2}[/tex]

You take the square-root to get rid of [tex]t^{2}[/tex]

[tex]\sqrt{5.0625} =\sqrt{t}^{2}[/tex]

[tex]t=2.25[/tex]

find the volume of the cone. make sure to round

Answers

Answer: 333.29

V= ⅓Bh is how you would do it

Jayden is filling his 290 gallon pool with a garden hose. The garden hose produces 29 gallons of water per hour. How long will it take for Jayden to fill up his pool?

Answers

Answer:

10 hours

Step-by-step explanation:

290 divided by 29 = 10

check to see if its correct 29 multiple by 10 is 290

Find the measure of angle B.​

Answers

Step-by-step explanation:

C = 180 - 112 = 68°

A = 180 - 68 - 51 = 61°

B = 180 - 61 = 119°

Another way :

We know that B = C + 51 ==> B = 68 + 51 = 119°

Other Questions
solve for x. round your answer to the nearest tenthTrigonometry HELP!! Time sensitive !! Giving brainly A $45 pair of shoes is on sale for 20% off. How much money is saved? Solve for x.......... What is the overall significance of the war for the Romans? Animal Farm can be considered a "fable" or "parable"a story, often with animal as characters, meant to teach a moral lesson (A lesson on how to live your life). Why do you think animals are used as characters, instead of humans? A triangle has vertices at A(-6, -3).B(1,5), and C(4. -4). The triangle isdilated according to thetransformation below. The center ofdilation is the origin.(x, y) (2x, 2y)What are the vertices of the image ofthe triangle? Use the factor tree to find the prime factorization of 100.What is the prime factorization of 100?2 x 52 x 2 x 5 x 52 x 5 x 1010 x 10 BRAINLY TO WHOEVER CAN HELP- ALSO IF YOU GIVE VIA FILESHARE PLS JUST GIVE ME A VERY BREIF SUMMARY CAUSE I CANT OPEN IT Solve the system using the substitution method. -3x 4y= 2 x = y - 3 Why is it easier to add fractions when the denominators are the same? What is the equation of the line that passes through (5,-2) and (-3, 4)?3x+4 y-7= 03x-4 y-7= 00-3x+4 y-7 = 0 uld observe for the entire population represented by the volunteers if all members of this population tasted, respectively, the yogurt with and without the added calcium. If we had used the more accurate software approximation for the degrees of freedom, how would the 90% confidence interval compare to the one constructed with the more conservative value for degrees of freedom What is the value that is MEASURED in a lab? If you deposited $10,000 in to a bank savings account on your 18th birthday....Said account yielded 3% compounded a nnually, how much money would be in your account on your 58th birthday? For which values of s would the product of s/5 10 be greater than 10?6 and 74 and 52 and 30 and 1 Prompt: Was the westward expansion of the United States a righteousfulfillment of a "manifest destiny," or an example of unjustifiableconquest"? For the function g(x) = 10 VX-2, what is the inverse function?o pr}(X) = 7+2O q'(x) = -2O 0760) = (+)+2O 011(x) = (+) -- i need help and if u get the answer plz explain it What it's like being the Tommyinit of the friend groupGetting tired of child already. ANNOYING?! YOUR YOUNGER THAN ME! /op Roman/(Y/n) please T-T Oop that's a p e n i s