Problem
Find each amount to the nearest cent
I. 17% of $250.75
II. 27% of $16,125
III. 3.5% of $725.50
IV. 12% of $3,014
V. Bronson works at America's Best Pets, Inc. His salary is $72,000 as a store manager. Bronson can contribute up to $15,000 per year to his savings plan. Bronson wants to contribute 20% of his salary. What is the most that he can contribute in a year?
VI. Money withdrawn from an IRA is subject to a 10% federal tax penalty if taken before a stipulated age. Lisa wishes to withdraw $24,000 from her IRA to purchase a new car. What is the federal tax penalty?
VII. Jon's employer, We Build Houses Construction, Inc., offers a profits sharing plan to its' employees. The plan allows employees to purchase company stocks at a 30% discount. When Jon buys his stock, they were selling for $32.50 per share to non-company employees. How much does Jon pay for 225 shares of his company's stock?
VIII. Aus invested in a savings plan that earned 10% compounded annually. His original investment was $2,500. For four Aus did not make any additional contributions to his account. He did not make any withdrawals during this time. What is his balance at the end of 4 years?
IX. Blue Bonnet Dairy farms match 4% of employee contribution dollar for dollar up to a maximum of $7,000 per year. Bronson contributes $150 out of each bi-weekly check for 4 years. How much did his employer match each time?
X. Lisa invests 12% of her $98,000 salary in the employee savings plan of Fast Jet Airways each year. Fast Jet matches 3% of her contribution up to $8,500 annually. How much does Fast Jet Airways pay in matching funds over 4 years?