1. The list price for a stereo is $1,232.41. If the trade discounts are 4/4,...
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Accounting
1. The list price for a stereo is $1,232.41. If the trade discounts are 4/4, what is the net cost for the stereo?
2. If the trade discounts are listed as 4/3/7, what would be the single discount rate?
Round the percent to two decimal places
3. You receive an invoice dated January 1st for $1,058. The invoice terms state 2/10, n/30. If you intend to pay the bill on January 15th, how much should you pay?
4. You receive an invoice dated January 1st for $1,453. The invoice terms state 4/15, n/30. If you intend to pay the bill on January 10th, how much should you pay?
5. You receive an invoice dated January 1st for $1,133. The invoice terms state 4/10, 2/20, n/30. If you intend to pay the bill on January 15th, how much should you pay?
6. If Alice's hourly wage is $14.81 and she worked 34 this week, what would be her FICA tax burden?
Remember the Medicare tax rate is 1.45% and Social Security is 6.2%.
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