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Business Math Handbook

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86 views48 pages

Business Math Handbook

math

Uploaded by

abeer
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

sLa33801_hndbk_fm_i-ii.

qxd 10/4/12 9:30 PM Page i

Business Math Handbook


to accompany

Practical Business Math


Procedures
Eleventh Edition

Jeffrey Slater
North Shore Community College
Danvers, Massachusetts

Sharon M. Wittry
Pikes Peak Community College
Colorado Springs, Colorado
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Business Math Handbook to accompany


PRACTICAL BUSINESS MATH PROCEDURES, ELEVENTH EDITION
Jeffrey Slater and Sharon M. Wittry

Published by McGraw-Hill/Irwin, an imprint of The McGraw-Hill Companies, Inc., 1221 Avenue of the
Americas, New York, NY 10020. Copyright © 2014, 2011, 2008 by The McGraw-Hill Companies, Inc. All
rights reserved. Printed in the United States of America.

No part of this publication may be reproduced or distributed in any form or by any means, or stored in a
database or retrieval system, without the prior written consent of The McGraw-Hill Companies, Inc., including,
but not limited to, in any network or other electronic storage or transmission, or broadcast for distance learning.

1 2 3 4 5 6 7 8 9 0 ROV/ROV 0

ISBN 978-0-07-753380-9
MHID 0-07-753380-1

[Link]
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TABLE 12-1 TABLE 12-3 TABLE 13-1 TABLE 13-2 TABLE 13-3
COMPOUND PRESENT AMOUNT OF PRESENT VALUE SINKING
VALUE VALUE ANNUITY OF ANNUITY FUND VALUE
PERIOD OF $1 OF $1 OF $1 OF $1 OF $1

1
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TABLE 12-1 TABLE 12-3 TABLE 13-1 TABLE 13-2 TABLE 13-3
COMPOUND PRESENT AMOUNT OF PRESENT VALUE SINKING
VALUE VALUE ANNUITY OF ANNUITY FUND VALUE
PERIOD OF $1 OF $1 OF $1 OF $1 OF $1

2
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TABLE 12-1 TABLE 12-3 TABLE 13-1 TABLE 13-2 TABLE 13-3
COMPOUND PRESENT AMOUNT OF PRESENT VALUE SINKING
VALUE VALUE ANNUITY OF ANNUITY FUND VALUE
PERIOD OF $1 OF $1 OF $1 OF $1 OF $1

3
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TABLE 12-1 TABLE 12-3 TABLE 13-1 TABLE 13-2 TABLE 13-3
COMPOUND PRESENT AMOUNT OF PRESENT VALUE SINKING
VALUE VALUE ANNUITY OF ANNUITY FUND VALUE
PERIOD OF $1 OF $1 OF $1 OF $1 OF $1

4
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TABLE 12-1 TABLE 12-3 TABLE 13-1 TABLE 13-2 TABLE 13-3
COMPOUND PRESENT AMOUNT OF PRESENT VALUE SINKING
VALUE VALUE ANNUITY OF ANNUITY FUND VALUE
PERIOD OF $1 OF $1 OF $1 OF $1 OF $1

5
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TABLE 12-1 TABLE 12-3 TABLE 13-1 TABLE 13-2 TABLE 13-3
COMPOUND PRESENT AMOUNT OF PRESENT VALUE SINKING
VALUE VALUE ANNUITY OF ANNUITY FUND VALUE
PERIOD OF $1 OF $1 OF $1 OF $1 OF $1

6
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TABLE 12-1 TABLE 12-3 TABLE 13-1 TABLE 13-2 TABLE 13-3
COMPOUND PRESENT AMOUNT OF PRESENT VALUE SINKING
VALUE VALUE ANNUITY OF ANNUITY FUND VALUE
PERIOD OF $1 OF $1 OF $1 OF $1 OF $1

7
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TABLE 12-1 TABLE 12-3 TABLE 13-1 TABLE 13-2 TABLE 13-3
COMPOUND PRESENT AMOUNT OF PRESENT VALUE SINKING
VALUE VALUE ANNUITY OF ANNUITY FUND VALUE
PERIOD OF $1 OF $1 OF $1 OF $1 OF $1

8
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TABLE 12-1 TABLE 12-3 TABLE 13-1 TABLE 13-2 TABLE 13-3
COMPOUND PRESENT AMOUNT OF PRESENT VALUE SINKING
VALUE VALUE ANNUITY OF ANNUITY FUND VALUE
PERIOD OF $1 OF $1 OF $1 OF $1 OF $1

9
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TABLE 12-1 TABLE 12-3 TABLE 13-1 TABLE 13-2 TABLE 13-3
COMPOUND PRESENT AMOUNT OF PRESENT VALUE SINKING
VALUE VALUE ANNUITY OF ANNUITY FUND VALUE
PERIOD OF $1 OF $1 OF $1 OF $1 OF $1

10
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TABLE 12-1 TABLE 12-3 TABLE 13-1 TABLE 13-2 TABLE 13-3
COMPOUND PRESENT AMOUNT OF PRESENT VALUE SINKING
VALUE VALUE ANNUITY OF ANNUITY FUND VALUE
PERIOD OF $1 OF $1 OF $1 OF $1 OF $1

11
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TABLE 12-1 TABLE 12-3 TABLE 13-1 TABLE 13-2 TABLE 13-3
COMPOUND PRESENT AMOUNT OF PRESENT VALUE SINKING
VALUE VALUE ANNUITY OF ANNUITY FUND VALUE
PERIOD OF $1 OF $1 OF $1 OF $1 OF $1

12
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TABLE 12-1 TABLE 12-3 TABLE 13-1 TABLE 13-2 TABLE 13-3
COMPOUND PRESENT AMOUNT OF PRESENT VALUE SINKING
VALUE VALUE ANNUITY OF ANNUITY FUND VALUE
PERIOD OF $1 OF $1 OF $1 OF $1 OF $1

13
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TABLE 12-1 TABLE 12-3 TABLE 13-1 TABLE 13-2 TABLE 13-3
COMPOUND PRESENT AMOUNT OF PRESENT VALUE SINKING
VALUE VALUE ANNUITY OF ANNUITY FUND VALUE
PERIOD OF $1 OF $1 OF $1 OF $1 OF $1

14
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TABLE 12-1 TABLE 12-3 TABLE 13-1 TABLE 13-2 TABLE 13-3
COMPOUND PRESENT AMOUNT OF PRESENT VALUE SINKING
VALUE VALUE ANNUITY OF ANNUITY FUND VALUE
PERIOD OF $1 OF $1 OF $1 OF $1 OF $1

15
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TABLE 12-1 TABLE 12-3 TABLE 13-1 TABLE 13-2 TABLE 13-3
COMPOUND PRESENT AMOUNT OF PRESENT VALUE SINKING
VALUE VALUE ANNUITY OF ANNUITY FUND VALUE
PERIOD OF $1 OF $1 OF $1 OF $1 OF $1

16
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TABLE 12-1 TABLE 12-3 TABLE 13-1 TABLE 13-2 TABLE 13-3
COMPOUND PRESENT AMOUNT OF PRESENT VALUE SINKING
VALUE VALUE ANNUITY OF ANNUITY FUND VALUE
PERIOD OF $1 OF $1 OF $1 OF $1 OF $1

17
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TABLE 12-1 TABLE 12-3 TABLE 13-1 TABLE 13-2 TABLE 13-3
COMPOUND PRESENT AMOUNT OF PRESENT VALUE SINKING
VALUE VALUE ANNUITY OF ANNUITY FUND VALUE
PERIOD OF $1 OF $1 OF $1 OF $1 OF $1

18
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TABLE 12-1 TABLE 12-3 TABLE 13-1 TABLE 13-2 TABLE 13-3
COMPOUND PRESENT AMOUNT OF PRESENT VALUE SINKING
VALUE VALUE ANNUITY OF ANNUITY FUND VALUE
PERIOD OF $1 OF $1 OF $1 OF $1 OF $1

19
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TABLE 12-1 TABLE 12-3 TABLE 13-1 TABLE 13-2 TABLE 13-3
COMPOUND PRESENT AMOUNT OF PRESENT VALUE SINKING
VALUE VALUE ANNUITY OF ANNUITY FUND VALUE
PERIOD OF $1 OF $1 OF $1 OF $1 OF $1

20
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TABLE 12-1 TABLE 12-3 TABLE 13-1 TABLE 13-2 TABLE 13-3
COMPOUND PRESENT AMOUNT OF PRESENT VALUE SINKING
VALUE VALUE ANNUITY OF ANNUITY FUND VALUE
PERIOD OF $1 OF $1 OF $1 OF $1 OF $1

21
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TABLE 12-1 TABLE 12-3 TABLE 13-1 TABLE 13-2 TABLE 13-3
COMPOUND PRESENT AMOUNT OF PRESENT VALUE SINKING
VALUE VALUE ANNUITY OF ANNUITY FUND VALUE
PERIOD OF $1 OF $1 OF $1 OF $1 OF $1

22
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TABLE 12-1 TABLE 12-3 TABLE 13-1 TABLE 13-2 TABLE 13-3
COMPOUND PRESENT AMOUNT OF PRESENT VALUE SINKING
VALUE VALUE ANNUITY OF ANNUITY FUND VALUE
PERIOD OF $1 OF $1 OF $1 OF $1 OF $1

23
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TABLE 12-1 TABLE 12-3 TABLE 13-1 TABLE 13-2 TABLE 13-3
COMPOUND PRESENT AMOUNT OF PRESENT VALUE SINKING
VALUE VALUE ANNUITY OF ANNUITY FUND VALUE
PERIOD OF $1 OF $1 OF $1 OF $1 OF $1

24
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TABLE 12-1 TABLE 12-3 TABLE 13-1 TABLE 13-2 TABLE 13-3
COMPOUND PRESENT AMOUNT OF PRESENT VALUE SINKING
VALUE VALUE ANNUITY OF ANNUITY FUND VALUE
PERIOD OF $1 OF $1 OF $1 OF $1 OF $1

25
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TABLE 12-1 TABLE 12-3 TABLE 13-1 TABLE 13-2 TABLE 13-3
COMPOUND PRESENT AMOUNT OF PRESENT VALUE SINKING
VALUE VALUE ANNUITY OF ANNUITY FUND VALUE
PERIOD OF $1 OF $1 OF $1 OF $1 OF $1

26
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TABLE 12-1 TABLE 12-3 TABLE 13-1 TABLE 13-2 TABLE 13-3
COMPOUND PRESENT AMOUNT OF PRESENT VALUE SINKING
VALUE VALUE ANNUITY OF ANNUITY FUND VALUE
PERIOD OF $1 OF $1 OF $1 OF $1 OF $1

27
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TABLE 12-1 TABLE 12-3 TABLE 13-1 TABLE 13-2 TABLE 13-3
COMPOUND PRESENT AMOUNT OF PRESENT VALUE SINKING
VALUE VALUE ANNUITY OF ANNUITY FUND VALUE
PERIOD OF $1 OF $1 OF $1 OF $1 OF $1

28
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TABLE 12-1 TABLE 12-3 TABLE 13-1 TABLE 13-2 TABLE 13-3
COMPOUND PRESENT AMOUNT OF PRESENT VALUE SINKING
VALUE VALUE ANNUITY OF ANNUITY FUND VALUE
PERIOD OF $1 OF $1 OF $1 OF $1 OF $1

29
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TABLE 12-1 TABLE 12-3 TABLE 13-1 TABLE 13-2 TABLE 13-3
COMPOUND PRESENT AMOUNT OF PRESENT VALUE SINKING
VALUE VALUE ANNUITY OF ANNUITY FUND VALUE
PERIOD OF $1 OF $1 OF $1 OF $1 OF $1

30
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Currencies 1/3/2012
U.S.-dollar foreign-exchange rates in late New York trading
US$ vs, US$ vs,
—Fri— YTD chg —Fri— YTD chg
Country/currency in US$ per US$ (%) Country/currency in US$ per US$ (%)

Americas Europe
Argentina peso* .2321 4.3089 8.6 Czech Rep. koruna .05063 19.751 5.8
Brazil real .5360 1.8657 12.3 Denmark krone .1743 5.7373 3.1
Canada dollar .9794 1.0210 2.6 Euro area euro 1.2960 .7716 3.3
Chile peso .001924 519.86 11.1 Hungary forint .004113 243.14 17.7
Colombia peso .0005153 1940.50 1.1 Norway krone .1673 5.9766 2.6
Ecuador US dollar 1 1 unch Poland zloty .2901 3.4470 16.9
Mexico peso* .0717 13.9461 13.1 Russia ruble‡ .03110 32.150 5.2
Peru new sol .3709 2.696 ⴚ3.9 Sweden krona .1453 6.8800 2.6
Uruguay peso† .05047 19.8130 1.9 Switzerland franc 1.0670 .9372 0.2
Venezuela b. fuerte .229885 4.3500 unch 1-mos forward 1.0675 .9368 0.2
3-mos forward 1.0691 .9354 0.2
Asia-Pacific 6-mos forward 1.0718 .9330 0.1
Australian dollar 1.0208 .9796 0.3 Turkey lira** .5217 1.9170 23.5
1-mos forward 1.0170 .9832 0.2 UK pound 1.5542 .6434 0.4
3-mos forward 1.0107 .9894 0.1 1-mos forward 1.5537 .6436 0.4
6-mos forward 1.0024 .9976 ⴚ0.2 3-mos forward 1.5528 .6440 0.4
China yuan .1583 6.3190 ⴚ4.3 6-mos forward 1.5513 .6446 0.4
Hong Kong dollar .1288 7.7669 ⴚ0.1
India rupee .01886 53.025 18.3 Middle East/Africa
Indonesia rupiah .0001107 9033 1.6
Bahrain dinar 2.6520 .3771 unch
Japan yen .013001 76.92 ⴚ5.2
Eqypt pound* .1653 6.0498 6.3
1-mos forward .013008 76.88 ⴚ5.5
Israel shekel .2624 3.8110 7.8
3-mos forward .013025 76.78 ⴚ5.6
Jordan dinar 1.4095 .7095 0.1
6-mos forward .013054 76.60 ⴚ5.6
Kuwait dinar 3.5945 .2782 ⴚ1.3
Malaysia ringgit .3147 3.1775 5.1
Lebanon pound .0006645 1504.95 0.4
New Zealand dollar .7776 1.2860 0.3
Saudi Arabia riyal .2666 3.7504 unch
Pakistan rupee .01113 89.845 4.9
South Africa rand .1237 8.0873 22.2
Philippines peso .0228 43.850 0.3
UAE dirham .2722 3.6731 unch
Singapore dollar .7713 1.2965 1.1
South Korea won .0008616 1160.60 5.6
Taiwan dollar .03304 30.265 4.2 *Floating rate †Financial ‡
Russian Central Bank rate
**Commercial rate
Thailand baht .03165 31.600 7.3
Vietnam dong .00004753 21038 8.2 Source: ICAP plc.

31
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One Withholding
Payroll Period Allowance
Weekly . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 73.08
Biweekly . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 146.15
Semimonthly . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 158.33
Monthly . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 316.67
Quarterly . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 950.00
Semiannually . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,900.00
Annually . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,800.00
Daily or miscellaneous (each day of the payroll period) . . . . 14.62

32
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TABLE 1—WEEKLY Payroll Period


(a) SINGLE person (including head of household)— (b) MARRIED person—
If the amount of wages (after If the amount of wages (after
subtracting withholding The amount of income tax subtracting withholding The amount of income tax
allowances) is: to withhold is: allowances) is: to withhold is:
Not over $41 . . . . . . . . . . . . . . . . $0 Not over $156 . . . . . . . . . . . . . . . $0
Over— But not over— of excess over— Over— But not over— of excess over—
$41 —$209 ... $0.00 plus 10% —$41 $156 —$490 ... $0.00 plus 10% —$156
$209 —$721 ... $16.80 plus 15% —$209 $490 —$1,515 ... $33.40 plus 15% —$490
$721 —$1,688 ... $93.60 plus 25% —$721 $1,515 —$2,900 ... $187.15 plus 25% — $1,515
$1,688 —$3,477 ... $335.35 plus 28% —$1,688 $2,900 —$4,338 ... $533.40 plus 28% —$2,900
$3,477 —$7,510 ... $836.27 plus 33% —$3,477 $4,338 —$7,624 ... $936.04 plus 33% —$4,338
$7,510 . . . . . . . . . . . . . . . . . $2,167.16 plus 35% —$7,510 $7,624 . . . . . . . . . . . . . . . . . $2,020.42 plus 35% —$7,624

TABLE 2—BIWEEKLY Payroll Period


(a) SINGLE person (including head of household)— (b) MARRIED person—
If the amount of wages (after If the amount of wages (after
subtracting withholding The amount of income tax subtracting withholding The amount of income tax
allowances) is: to withhold is: allowances) is: to withhold is:
Not over $83 . . . . . . . . . . . . . . . . $0 Not over $312 . . . . . . . . . . . . . . . $0
Over— But not over— of excess over— Over— But not over— of excess over—
$83 —$417 ... $0.00 plus 10% —$83 $312 —$981 ... $0.00 plus 10% —$312
$417 —$1,442 ... $33.40 plus 15% —$417 $981 —$3,031 ... $66.90 plus 15% —$981
$1,442 —$3,377 ... $187.15 plus 25% —$1,442 $3,031 —$5,800 ... $374.40 plus 25% —$3,031
$3,377 —$6,954 ... $670.90 plus 28% —$3,377 $5,800 —$8,675 ... $1,066.65 plus 28% —$5,800
$6,954 —$15,019 ... $1,672.46 plus 33% —$6,954 $8,675 —$15,248 ... $1,871.65 plus 33% —$8,675
$15,019 . . . . . . . . . . . . . . . . . $4,333.91 plus 35% —$15,019 $15,248 . . . . . . . . . . . . . . . . . $4,040.74 plus 35% —$15,248

TABLE 3—SEMIMONTHLY Payroll Period


(a) SINGLE person (including head of household)— (b) MARRIED person—
If the amount of wages (after If the amount of wages (after
subtracting withholding The amount of income tax subtracting withholding The amount of income tax
allowances) is: to withhold is: allowances) is: to withhold is:
Not over $90 . . . . . . . . . . . . . . . . $0 Not over $338 . . . . . . . . . . . . . . . $0
Over— But not over— of excess over— Over— But not over— of excess over—
$90 —$452 . . . $0.00 plus 10% —$90 $338 —$1,063 ... $0.00 plus 10% —$338
$452 —$1,563 . . . $36,20 plus 15% —$452 $1,063 —$3,283 ... $72.50 plus 15% —$1,063
$1,563 —$3,658 . . . $202.85 plus 25% —$1,563 $3,283 —$6,283 ... $405.50 plus 25% — $3,283
$3,658 —$7,533 . . . $726.60 plus 28% —$3,658 $6,283 —$9,398 ... $1,155.50 plus 28% —$6,283
$7,533 —$16,271 . . . $1,811.60 plus 33% —$7,533 $9,398 $16,519 ... $2,027.70 plus 33% —$9,398
$16,271 . . . . . . . . . . . . . . . . . $4,695.14 plus 35% —$16,271 $16,519 . . . . . . . . . . . . . . . . . $4,377.63 plus 35% —$16,519

TABLE 4—MONTHLY Payroll Period


(a) SINGLE person (including head of household)— (b) MARRIED person—
If the amount of wages (after If the amount of wages (after
subtracting withholding The amount of income tax subtracting withholding The amount of income tax
allowances) is: to withhold is: allowances) is: to withhold is:
Not over $179 . . . . . . . . . . . . . . . $0 Not over $675 . . . . . . . . . . . . . . . $0
Over— But not over— of excess over— Over— But not over— of excess over—
$179 —$904 ... $0.00 plus 10% —$179 $675 —$2,125 ... $0.00 plus 10% —$675
$904 —$3,125 ... $72.50 plus 15% —$904 $2,125 —$6,567 ... $145.00 plus 15% —$2,125
$3,125 —$7,317 ... $405.65 plus 25% —$3,125 $6,567 —$12,567 ... $811.30 plus 25% —$6,567
$7,317 —$15,067 ... $1,453.65 plus 28% —$7,317 $12,567 —$18,796 ... $2,311.30 plus 28% —$12,567
$15,067 —$32,542 ... $3,623.65 plus 33% —$15,067 $18,796 —$33,038 ... $4,055.42 plus 33% —$18,796
$32,542. . . . . . . . . . . . . . . . . . $9,390.40 plus 35% —$32,542 $33,038 . . . . . . . . . . . . . . . . . $8,755.28 plus 35% —$33,038

33
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SINGLE Persons—WEEKLY Payroll Period


And the wages are— And the number of withholding allowances claimed is—

At least But less 0 1 2 3 4 5 6 7 8 9 10


than
The amount of income tax to be withheld is—
$ 600 $ 610 $ 76 $ 65 $ 54 $ 43 $ 32 $ 21 $ 13 $ 5 $ 0 $ 0 $ 0
610 620 78 67 56 45 34 23 14 6 0 0 0
620 630 79 68 57 46 35 24 15 7 0 0 0
630 640 81 70 59 48 37 26 16 8 1 0 0
640 650 82 71 60 49 38 27 17 9 2 0 0
650 660 84 73 62 51 40 29 18 10 3 0 0
660 670 85 74 63 52 41 30 19 11 4 0 0
670 680 87 76 65 54 43 32 21 12 5 0 0
680 690 88 77 66 55 44 33 22 13 6 0 0
690 700 90 79 68 57 46 35 24 14 7 0 0
700 710 91 80 69 58 47 36 25 15 8 1 0
710 720 93 82 71 60 49 38 27 16 9 2 0
720 730 95 83 72 61 50 39 28 17 10 3 0
730 740 97 85 74 63 52 41 30 19 11 4 0
740 750 100 86 75 64 53 42 31 20 12 5 0
750 760 102 88 77 66 55 44 33 22 13 6 0
760 770 105 89 78 67 56 45 34 23 14 7 0
770 780 107 91 80 69 58 47 36 25 15 8 0
780 790 110 92 81 70 59 48 37 26 16 9 1
790 800 112 94 83 72 61 50 39 28 17 10 2
800 810 115 96 84 73 62 51 40 29 18 11 3
810 820 117 99 86 75 64 53 42 31 20 12 4
820 830 120 101 87 76 65 54 43 32 21 13 5
830 840 122 104 89 78 67 56 45 34 23 14 6
840 850 125 106 90 79 68 57 46 35 24 15 7
850 860 127 109 92 81 70 59 48 37 26 16 8
860 870 130 111 93 82 71 60 49 38 27 17 9
870 880 132 114 96 84 73 62 51 40 29 18 10
880 890 135 116 98 85 74 63 52 41 30 20 11
890 900 137 119 101 87 76 65 54 43 32 21 12
900 910 140 121 103 88 77 66 55 44 33 23 13
910 920 142 124 106 90 79 68 57 46 35 24 14
920 930 145 126 108 91 80 69 58 47 36 26 15
930 940 147 129 111 93 82 71 60 49 38 27 16
940 950 150 131 113 95 83 72 61 50 39 29 18
950 960 152 134 116 97 85 74 63 52 41 30 19
960 970 155 136 118 100 86 75 64 53 42 32 21
970 980 157 139 121 102 88 77 66 55 44 33 22
980 990 160 141 123 105 89 78 67 56 45 35 24
990 1,000 162 144 126 107 91 80 69 58 47 36 25
1,000 1,010 165 146 128 110 92 81 70 59 48 38 27
1,010 1,020 167 149 131 112 94 83 72 61 50 39 28
1,020 1,030 170 151 133 115 96 84 73 62 51 41 30
1,030 1,040 172 154 136 117 99 86 75 64 53 42 31
1,040 1,050 175 156 138 120 101 87 76 65 54 44 33
1,050 1,060 177 159 141 122 104 89 78 67 56 45 34
1,060 1,070 180 161 143 125 106 90 79 68 57 47 36
1,070 1,080 182 164 146 127 109 92 81 70 59 48 37
1,080 1,090 185 166 148 130 111 93 82 71 60 50 39
1,090 1,100 187 169 151 132 114 96 84 73 62 51 40
1,100 1,110 190 171 153 135 116 98 85 74 63 53 42
1,110 1,120 192 174 156 137 119 101 87 76 65 54 43
1,120 1,130 195 176 158 140 121 103 88 77 66 56 45
1,130 1,140 197 179 161 142 124 106 90 79 68 57 46
1,140 1,150 200 181 163 145 126 108 91 80 69 59 48
1,150 1,160 202 184 166 147 129 111 93 82 71 60 49
1,160 1,170 205 186 168 150 131 113 95 83 72 62 51
1,170 1,180 207 189 171 152 134 116 97 85 74 63 52
1,180 1,190 210 191 173 155 136 118 100 86 75 65 54
1,190 1,200 212 194 176 157 139 121 102 88 77 66 55
1,200 1,210 215 196 178 160 141 123 105 89 78 68 57
1,210 1,220 217 199 181 162 144 126 107 91 80 69 58
1,220 1,230 220 201 183 165 146 128 110 92 81 71 60
1,230 1,240 222 204 186 167 149 131 112 94 83 72 61
1,240 1,250 225 206 188 170 151 133 115 97 84 74 63

34
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MARRIED Persons—WEEKLY Payroll Period


And the wages are— And the number of withholding allowances claimed is—
At least But less 0 1 2 3 4 5 6 7 8 9 10
than
The amount of income tax to be withheld is—
$800 $810 $ 81 $ 70 $ 59 $ 48 $ 37 $ 28 $ 21 $ 14 $ 6 $ 0 $ 0
810 820 82 71 60 49 38 29 22 15 7 0 0
820 830 84 73 62 51 40 30 23 16 8 1 0
830 840 85 74 63 52 41 31 24 17 9 2 0
840 850 87 76 65 54 43 32 25 18 10 3 0
850 860 88 77 66 55 44 33 26 19 11 4 0
860 870 90 79 68 57 46 35 27 20 12 5 0
870 880 91 80 69 58 47 36 28 21 13 6 0
880 890 93 82 71 60 49 38 29 22 14 7 0
890 900 94 83 72 61 50 39 30 23 15 8 1
900 910 96 85 74 63 52 41 31 24 16 9 2
910 920 97 86 75 64 53 42 32 25 17 10 3
920 930 99 88 77 66 55 44 33 26 18 11 4
930 940 100 89 78 67 56 45 34 27 19 12 5
940 950 102 91 80 69 58 47 36 28 20 13 6
950 960 103 92 81 70 59 48 37 29 21 14 7
960 970 105 94 83 72 61 50 39 30 22 15 8
970 980 106 95 84 73 62 51 40 31 23 16 9
980 990 108 97 86 75 64 53 42 32 24 17 10
990 1,000 109 98 87 76 65 54 43 33 25 18 11
1,000 1,010 111 100 89 78 67 56 45 34 26 19 12
1,010 1,020 112 101 90 79 68 57 46 35 27 20 13
1,020 1,030 114 103 92 81 70 59 48 37 28 21 14
1,030 1,040 115 104 93 82 71 60 49 38 29 22 15
1,040 1,050 117 106 95 84 73 62 51 40 30 23 16
1,050 1,060 118 107 96 85 74 63 52 41 31 24 17
1,060 1,070 120 109 98 87 76 65 54 43 32 25 18
1,070 1,080 121 110 99 88 77 66 55 44 33 26 19
1,080 1,090 123 112 101 90 79 68 57 46 35 27 20
1,090 1,100 124 113 102 91 80 69 58 47 36 28 21
1,100 1,110 126 115 104 93 82 71 60 49 38 29 22
1,110 1,120 127 116 105 94 83 72 61 50 39 30 23
1,120 1,130 129 118 107 96 85 74 63 52 41 31 24
1,130 1,140 130 119 108 97 86 75 64 53 42 32 25
1,140 1,150 132 121 110 99 88 77 66 55 44 33 26
1,150 1,160 133 122 111 100 89 78 67 56 45 35 27
1,160 1,170 135 124 113 102 91 80 69 58 47 36 28
1,170 1,180 136 125 114 103 92 81 70 59 48 38 29
1,180 1,190 138 127 116 105 94 83 72 61 50 39 30
1,190 1,200 139 128 117 106 95 84 73 62 51 41 31
1,200 1,210 141 130 119 108 97 86 75 64 53 42 32
1,210 1,220 142 131 120 109 98 87 76 65 54 44 33
1,220 1,230 144 133 122 111 100 89 78 67 56 45 34
1,230 1,240 145 134 123 112 101 90 79 68 57 47 36
1,240 1,250 147 136 125 114 103 92 81 70 59 48 37
1,250 1,260 148 137 126 115 104 93 82 71 60 50 39
1,260 1,270 150 139 128 117 106 95 84 73 62 51 40
1,270 1,280 151 140 129 118 107 96 85 74 63 53 42
1,280 1,290 153 142 131 120 109 98 87 76 65 54 43
1,290 1,300 154 143 132 121 110 99 88 77 66 56 45
1,300 1,310 156 145 134 123 112 101 90 79 68 57 46
1,310 1,320 157 146 135 124 113 102 91 80 69 59 48
1,320 1,330 159 148 137 126 115 104 93 82 71 60 49
1,330 1,340 160 149 138 127 116 105 94 83 72 62 51
1,340 1,350 162 151 140 129 118 107 96 85 74 63 52
1,350 1,360 163 152 141 130 119 108 97 86 75 65 54
1,360 1,370 165 154 143 132 121 110 99 88 77 66 55
1,370 1,380 166 155 144 133 122 111 100 89 78 68 57
1,380 1,390 168 157 146 135 124 113 102 91 80 69 58
1,390 1,400 169 158 147 136 125 114 103 92 81 71 60

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AMORTIZATION CHART (MORTGAGE PRINCIPAL AND INTEREST PER THOUSAND DOLLARS)

Term Interest
in years 312 % 5% 521 % 612 % 7% 721 % 8% 821 % 9% 912 % 10% 1012 % 11% 1112 %

10 9.89 10.61 10.86 11.36 11.62 11.88 12.14 12.40 12.67 12.94 13.22 13.50 13.78 14.06
12 8.52 9.25 9.51 10.02 10.29 10.56 10.83 11.11 11.39 11.67 11.96 12.25 12.54 12.84
15 7.15 7.91 8.18 8.72 8.99 9.28 9.56 9.85 10.15 10.45 10.75 11.06 11.37 11.69
17 6.52 7.29 7.56 8.12 8.40 8.69 8.99 9.29 9.59 9.90 10.22 10.54 10.86 11.19
20 5.80 6.60 6.88 7.46 7.76 8.06 8.37 8.68 9.00 9.33 9.66 9.99 10.33 10.67
22 5.44 6.20 6.51 7.13 7.44 7.75 8.07 8.39 8.72 9.05 9.39 9.73 10.08 10.43
25 5.01 5.85 6.15 6.76 7.07 7.39 7.72 8.06 8.40 8.74 9.09 9.45 9.81 10.17
30 4.50 5.37 5.68 6.33 6.66 7.00 7.34 7.69 8.05 8.41 8.78 9.15 9.53 9.91
35 3.99 5.05 5.38 6.05 6.39 6.75 7.11 7.47 7.84 8.22 8.60 8.99 9.37 9.77

Term Interest
in years 1134 % 12% 1221 % 1243 % 13% 1321 % 1343 % 14% 1421 % 1443 % 15% 1512 %

10 14.21 14.35 14.64 14.79 14.94 15.23 15.38 15.53 15.83 15.99 16.14 16.45
12 12.99 13.14 13.44 13.60 13.75 14.06 14.22 14.38 14.69 14.85 15.01 15.34
15 11.85 12.01 12.33 12.49 12.66 12.99 13.15 13.32 13.66 13.83 14.00 14.34
17 11.35 11.52 11.85 12.02 12.19 12.53 12.71 12.88 13.23 13.41 13.58 13.94
20 10.84 11.02 11.37 11.54 11.72 12.08 12.26 12.44 12.80 12.99 13.17 13.54
22 10.61 10.78 11.14 11.33 11.51 11.87 12.06 12.24 12.62 12.81 12.99 13.37
25 10.35 10.54 10.91 11.10 11.28 11.66 11.85 12.04 12.43 12.62 12.81 13.20
30 10.10 10.29 10.68 10.87 11.07 11.46 11.66 11.85 12.25 12.45 12.65 13.05
35 9.96 10.16 10.56 10.76 10.96 11.36 11.56 11.76 12.17 12.37 12.57 12.98

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Common questions

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Utilizing tables of compound and present values in business financial planning allows for accurate assessments of investment returns, financial obligations, and cash flow projections. These tables help businesses to calculate the present value of future cash flows, making it easier to make informed decisions on investments, loans, and other financial avenues. By understanding these values, businesses can strategically plan their allocation of resources to maximize growth potential and minimize financial risk .

The benefits of relying on pre-calculated financial tables include time efficiency, reduction in susceptibility to calculation errors, and providing a standardized basis for financial comparisons. However, potential limitations may arise from the static nature of these tables, as they do not accommodate dynamic financial environments or changing variables like interest rates or economic trends. Their utility can be limited in scenarios requiring customized analysis beyond the parameters for which the tables are designed .

Businesses can strategically use financial value tables to optimize investment decisions by leveraging these tools to evaluate the present and future values of potential investments swiftly. By comparing different investment options with standardized metrics from the tables, businesses can assess returns, investment periods, and associated risks effectively. This enables more informed decision-making processes, ensuring that businesses align their investment choices with financial goals and market conditions .

A business might opt for a sinking fund using the tables to systematically save money for a future expense or to retire debt over a period. The advantage of a sinking fund is that it spreads out the financial responsibility over time, which can improve cash flow management and financial stability. By setting aside a fixed amount regularly, a business can avoid large, one-time expenses that could strain resources. The use of sinking fund tables provides a clear projection of how much needs to be saved periodically to meet future financial goals .

Incremental values in income levels and withholding tax are crucial in payroll management as they ensure accuracy and compliance with tax regulations. As income levels increase, the corresponding withholding tax also adjusts incrementally, as shown in the tables. This progression helps in calculating the precise amount of tax to be withheld from employees' salaries, reflecting their income bracket and personal exemptions. Effective management of these increments ensures that payroll reflects legal obligations accurately and cash flow management remains consistent .

Using tables for determining the present value of an annuity is highly effective in business settings as they provide quick access to pre-calculated results, enhancing efficiency in financial analysis. These tables eliminate the need for complex on-the-spot calculations, allowing decision-makers to focus on strategy rather than computational details. They provide a reliable method for comparing investment returns and obligations, making them indispensable tools for budgeting and financial planning .

Withholding allowances affect the amount of tax withheld from a married person's payroll by reducing the taxable income, which lowers the amount of tax deducted. The tables demonstrate that as the number of allowances claimed increases, the amount of income tax withheld decreases. This is because each allowance represents a portion of income not subject to withholding, reflecting personal exemptions for the taxpayer and dependents, and reducing the effective taxable income .

The compound present value of $1 refers to the current worth of a future sum of money or stream of cash flows given a specified rate of return. It is used to determine what amount of money needed today will grow to a certain amount in the future. On the other hand, the present value of an annuity involves calculating the current value of a series of future payments or receipts, assuming each payment is at a regular interval and the payment amount does not change .

Tables simplify complex business calculations by providing pre-calculated values for various financial metrics, such as future and present values. They eliminate the need for detailed computational processes, allowing for quick and accurate comparisons. By using tables, businesses can easily determine the future value of investments or the present value of expected revenues with specified interest rates and time periods. This aids in decision making by offering straightforward data insights, essential for budgeting and investment strategy formulation .

Adjustments in the number of withholding allowances directly impact an employee’s net pay by altering the amount of federal income tax withheld. Increasing the number of allowances reduces the taxable income subject to withholding, thus increasing the net pay, as less tax is deducted from the paycheck. Conversely, decreasing allowances results in higher taxable income, thus more tax withheld and reduced net pay. This balance is critical for employees to align their withholding with their end-of-year tax liabilities .

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