Consumer Mathematics Related

Question Description

Option #1: Consumer Mathematics Option 1

Question #1 – Income Tax
Compute the FICA taxes for a self-employed individual who make an annual net profit of $153,000. If the same person’s net income was reduced to $103,000, what would be the FICA taxes for those earnings?

Question #2 – Annuity Payment
Jake is saving money for a down payment on a car. He needs $1,800 in 10 months to make his down payment and is saving money in an annuity yielding an annual interest rate of 7% compounded monthly. If the annuity requires that Jake make monthly investments, what annuity payment must Jake make to save enough for his down payment?

Question #3 – Mortgage Financing
Paul wants a home that costs $195,000. He wants to finance the home for 15 years with a 5% annual rate mortgage. He plans to pay $60,000 as a down payment. Calculate his projected monthly mortgage payment.

•Show all your work so that the instructor clearly sees how you solved the problem.
•Make sure your final answer is clear and visible.

Must present solution in a word document.

Get 20% Discount on The assignment
Pages (550 words)
Approximate price: -

Try it now!

Get 20% Discount on The Assignment

We'll send you the first draft for approval by at
Total price:

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

EssayBrill has stood as the world’s leading custom essay writing services providers. Once you enter all the details in the order form under the place order button, the rest is up to us.


Essay Writing Services

At EssayBrill, we prioritize on all aspects that bring about a good grade such as impeccable grammar, proper structure, zero-plagiarism and conformance to guidelines. Our experienced team of writers will help you completed your essays and other assignments.


Admission and Business Papers

Be assured that you’ll definitely get accepted to the Master’s level program at any university once you enter all the details in the order form. We won’t leave you here; we will also help you secure a good position in your aspired workplace by creating an outstanding resume or portfolio once you place an order.


Editing and Proofreading

Our skilled editing and writing team will help you restructure you paper, paraphrase, correct grammar and replace plagiarized sections on your paper just on time. The service is geared toward eliminating any mistakes and rather enhancing better quality.


Technical papers

We have writers in almost all fields including the most technical fields. You don’t have to worry about the complexity of your paper. Simply enter as much details as possible in the place order section.