Question: 1. The percent markup on a video game is known to be 108% based on cost. If the seller paid $35 for one, then what would be the

Question:1.      The percent markup on a video game is known to be 108% based on cost. If the seller paid $35 for one, then what would be the corresponding percent markup based on the sale price? (Round to the nearest tenth percen

2.    Cazz receives a semimonthly paycheck from a jazz club of $4,500.00. He is married and is entitled to 1 withholding allowance. Using the percentage method, calculate the amount of income tax that should be withheld from his paycheck each pay period. Use tables in Exhibit 9-1 and Exhibit 9-2 from your text.

3.    What will be the total deduction for social security and Medicare taxes on Rony's next semimonthly paycheck of $3,960.00, if she has already earned $42,560.00 this year? (Social security tax is 6.2% of gross wages up to $106,800. Medicare tax is 1.45% of all gross wages.)

4.    The selling price for a fax machine is $341.67. What percent of the sale price is the markup, if the cost of the fax machine was $205? (Round to the nearest whole percent)

5.      The last semimonthly payroll of Capital Construction was $77,763.00 of gross wages for 49 employees. The company pays 4.9% of payroll for vacations and sick leave and $62.19 per employee for health insurance. What percent of payroll is the total cost of fringe benefits? (Round your answer to the nearest tenth of a percent)

6.      The selling price for a sail boat is $9,000. What is the percent markup based on selling price, if the cost of the fishing boat was $6,600? (Round to the nearest whole percent)