Mary Lee owned 500 shares of Dugan Company's convertible preferred stock at 20 par value. She converted each share of preferred stock into four shares of common stock. If the convertible preferred stock paid 9 annually and the common stock pays 1.00 a share this year, how much more dividend will Mary Lee receive this year because of her conversion?
Q. 2The required deduction for Social Security is 6.2 OASDI (Old Age Survivors and Disability Insurance) of wages earned, to a maximum of 97,500 and 1.45 HI (Hospital Insurance, commonly known as Medicare) for all earnings. Allen Hall earns a monthly salary of 3,900 . Compute the amount deducted each month for Social Security and Medicare.
Q. 3Mary Lee owned 500 shares of Dugan Company's convertible preferred stock at 20 par value. She converted each share of preferred stock into four shares of common stock. If Mary Lee paid 20 per share for her preferred stock, and if common stock was selling at 50 per share on the date of conversion, compute the amount that Mary Lee's investment increased in value.
Q. 4The required deduction for Social Security is 6.2 OASDI (Old Age Survivors and Disability Insurance) of wages earned, to a maximum of 97,500 and 1.45 HI (Hospital Insurance, commonly known as Medicare) for all earnings. Sonia Evans earns a monthly salary of 2,800 . Compute the amount deducted each month for Social Security and Medicare.
Q. 5Mary Lee owned 500 shares of Dugan Company's convertible preferred stock at 20 par value. She converted each share of preferred stock into four shares of common stock. If common stock was selling at 50 per share on the date of conversion, compute Mary Lee's common stock worth.
Q. 6Daniel, Inc, pays the regular hourly rate for the first 40 hours worked, time and a half for hours 41 through 48, and double time for all hours in excess of 48 . Sarah John worked 52 hours this week. Her regular hourly rate is 10.30 . Compute John's total earnings.
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