;-; 10. you have a part-time job that pays $4.70/hr and average tips are $3.85/hr. your deductions are fica (7.65%), federal tax withholding (12.3%), and state tax withholding (8.2%). you work 13 hr/week. how much is your realized income each week? 11. you invest $1,050.00, buying stock in a company. the shares increase in value by 13% the first year and increases by 13% again the second year. how much is the total value of your stocks in the second year? 12.you invest $2,000.00 in a stock plan and another $2,000.00 in a savings account. the stock plan decreases by 7% the first year and gains 10% the second year. the savings account earns a 3.7% apr and compounds annually. how much is the total value of your stocks after 2 years? what is the balance in your savings account after 2 years? 13. your parents are renting an apartment for you when you go away to college. an annual contract is $502.00/month. the

10.) The realized income each week is $79.87.
   Add both payments and tips then deduct the tax deductions (multiply the rates to the gross income per week).
   Gross income per week: (4.70 + 3.85) x 13hrs = 111.15
   Tax deductibles: 8.50 (FICA) + 13.67 (federal tax) + 9.11 (state tax) = (31.28)
   Realized income per week: 111.15 - 31.28 = 79.87

11.) The value of the stocks in its second year is $1,340.75.
   Multiply the investment by the percentage increase, then add the result to the investment. You can also use this formula = investment x (1 + %)
   First year: 1,050 x (1 + 0.13) = 1,186.50
   Second year: 1,186.50 x (1 + 0.13) = 1,340.75

12.) a. The total value of your stocks after 2 years is $2,046. Use investment x (1 - %) in computing the decreases while investment x (1 + %) in computing the gains.
   First year: 2,000 x (1 - 0.07) = 1,860
   Second year: 1,860 x (1 + 0.10) = 2,046

   b. The balance in your savings account after 2 years is $2,150.74. Use this formula = investment x (1 + rate)^number of years
   Balance = 2,000 x (1 + 0.037)^2 = 2,150.74

13.) Your question is incomplete.

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