Sabre52
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Me and my gal, Rosie
Member since August 2005
Posts: 20,472
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Post by Sabre52 on Sept 24, 2015 23:42:52 GMT -5
Ed. One percent is .01. one half of one percent is .005 .50 is fifty percent or one half whatever you are multiplying.
For example .50 X 400=200
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Post by Rockoonz on Sept 25, 2015 1:24:21 GMT -5
The United way has a history of corruption and really isn't a good choice for charitable giving, There is better out there. I don't recall hearing that Beefheart before.
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Post by parfive on Sept 25, 2015 1:56:01 GMT -5
If Hypothetical “Joe” has a wife and two kids, all y’all prolly know him as Hypothetical “Slug who pays no income tax.”
Aka 0.47 for short.
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jamesp
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Posts: 36,202
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Post by jamesp on Sept 25, 2015 12:27:17 GMT -5
Multiply to get percentages Ed.
.005 for half percent .005 X 37,440 = 187.2 .01 for one percent .01 X 37,440 = 374.4 .10 for ten percent .1 X 37,440 = 3,744 .20 for twenty percent .2 X 37,440 = 7,488 .50 for fifty percent .5 X 37,440 = 8,720 .90 for ninety percent etc.
100% sure of this 1.0
If you kiss mucho butt
5 for 500% 5 X 37,440 = 187,200
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Post by Pat on Sept 25, 2015 15:49:13 GMT -5
@mr.mohs glad you got a satisfying explanation. My head is spinning.
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jamesp
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Member since October 2012
Posts: 36,202
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Post by jamesp on Sept 25, 2015 17:34:12 GMT -5
@mr.mohs glad you got a satisfying explanation. My head is spinning. I believe he got an array of explanations Pat. Problem solved, good on Ed.
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Post by mohs on Sept 25, 2015 17:38:38 GMT -5
I believe where were all getting confused is by trying to show the multiplication linearly. Such as $37,440.00 x .5 = I just did this on the calculator This is what I was calling deceptive! How do you know where to put the decimal? a screen shot Because it drops decimal places and can be confusing This is how I was taught to do any multiplication. Its old school ---when we only had paper & pencil It was right then and its right now mostly
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jamesp
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Member since October 2012
Posts: 36,202
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Post by jamesp on Sept 25, 2015 17:46:09 GMT -5
Yep. Still works and about mistake proof. About the only way to do it w/out a calculator.
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Post by mohs on Sept 25, 2015 18:00:10 GMT -5
James another area I was getting hung up is
15% the same as .15% ?
which it is
but I suppose the right way to present the problem is
15.00% =.15%
just move the decimal places to the left to make it a more manageable digit ?
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Post by Rockoonz on Sept 25, 2015 18:34:20 GMT -5
James another area I was getting hung up is 15% the same as .15% ? which it is but I suppose the right way to present the problem is 15.00% =.15% just move the decimal places to the left to make it a more manageable digit ? when converting percentages to decimal multipliers, (aka factor) after you move the decimal place two spaces left remove the %. 15%=.15 15.00%=.15 @amydgule is correct as well, and explains it better as 15%=15/100ths But then you have to work with a fraction, which has been known to explode the heads of common-core students.
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Post by mohs on Sept 25, 2015 19:02:40 GMT -5
HOW DOES IT WORK? Let’s take hypothetical “Joe,” for example. He is an hourly employee who earns $18/hour. His annualized base compensation is $37,440 – which means that 0.005% 0.5% of his annualized base pay is $187.20. An e-pledge equal to or greater than $187.20 is all that Joe is required to make in order for him to be eligible for the EXTRA “It’s Personal” day. Remember, e-pledges made during our campaign can be paid over the course of 12 months via payroll deductions on a bi-weekly basis beginning on the first payroll in January 2016. Therefore, assuming Joe e-pledges $187.20 and signs up to pay his pledge through payroll deduction, our Payroll Department would deduct $7.20 from Joe’s bi-weekly paycheck over the course of 2016. Hi Lee Here is the corrected e-mail from my company I know you don’t care for United Way but try to set the aside for a moment. Like my example from the calculator above you could be deceived that the answer is fifty percent of Joe's income which it not but what percentage is .5 of Joe income in the above example ? and how would you calculate fifty percent of Joes income? beside dividing it in half? I'm starting to get confused again
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Post by mohs on Sept 25, 2015 20:11:42 GMT -5
mostly
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Post by mohs on Sept 25, 2015 20:32:48 GMT -5
No!!! .20 is one fifth of 100 I agree but .5 X $37,440.00 = is not half the answer is $137.20 and that seems like one-fifth of $37,440.00
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Post by mohs on Sept 25, 2015 20:56:40 GMT -5
does that seem reasonable ?
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Post by mohs on Sept 25, 2015 21:58:29 GMT -5
simple question which statement is correct?
Let’s take hypothetical “Joe,” for example. He is an hourly employee who earns $18/hour. His annualized base compensation is $37,440 – which means that 0.005% of his annualized base pay is $187.20. An e-pledge equal to or greater than $187.20 is all that Joe is required to make in order for him to be eligible for the EXTRA “It’s Personal” day. Remember, e-pledges made during our campaign can be paid over the course of 12 months via payroll deductions on a bi-weekly basis beginning on the first payroll in January 2016. Therefore, assuming Joe e-pledges $187.20 and signs up to pay his pledge through payroll deduction, our Payroll Department would deduct $7.20 from Joe’s bi-weekly paycheck over the course of 2016.
Let’s take hypothetical “Joe,” for example. He is an hourly employee who earns $18/hour. His annualized base compensation is $37,440 – which means that 0.5% of his annualized base pay is $187.20. An e-pledge equal to or greater than $187.20 is all that Joe is required to make in order for him to be eligible for the EXTRA “It’s Personal” day. Remember, e-pledges made during our campaign can be paid over the course of 12 months via payroll deductions on a bi-weekly basis beginning on the first payroll in January 2016. Therefore, assuming Joe e-pledges $187.20 and signs up to pay his pledge through payroll deduction, our Payroll Department would deduct $7.20 from Joe’s bi-weekly paycheck over the course of 2016.
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Post by Rockoonz on Sept 25, 2015 23:54:27 GMT -5
How do I figure that you're confused? I'm confused after reading your post. one more time .5 % of $37,440.00 is not $18,220.00 which would be half .5% of $37,440.00 is $187.20 so Lee is right .5 is one fifth of 100 No, it's not WHOA FELLA, that's not what I said. Corrections in red above Y times .5% is not the same as Y times .5 Y times .5% IS the same as Y times .005 Your employer made the error when they added the percent symbol to what should have been the multiplication factor. Just multiply your income number by .005 and you WILL have the right answer. .5 is one two hundreth of 100 BTW
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Post by mohs on Sept 26, 2015 0:08:41 GMT -5
sorry Lee didn’t mean to misrepresent you! and I see the error in my thinking .5 is half --even if its multiplied
18720 x 2 = 37,440
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Post by mohs on Sept 26, 2015 0:16:42 GMT -5
.5 is one two hundreth of 100 BTW Thanks ! that help me out a lot!!
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Post by mohs on Sept 26, 2015 18:51:43 GMT -5
I changed the .005% to a decimal as evident in the figure up in the right .005% converted to a decimal is .00005 I believe this is the proper way to figure out monetary percentages when working them out long hand. I then multiplied that figure by Joe’s Garage annual income I do believe I can take this figure to the bank
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jamesp
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Member since October 2012
Posts: 36,202
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Post by jamesp on Sept 26, 2015 19:14:50 GMT -5
10 % of 50% is 5% of 100% is 500% of 1%
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