If refinishing your basement at a cost of $44,568 would add $18,520 to the resale value of your home, what percent of your cost is recouped? (Round to the nearest percent.)

Calculate the Social Security and Medicare deductions for the following employee (assume a tax rate of 6.2% on $110,100 for Social Security and 1.45% for Medicare): (Leave no cells blank - be certain to enter "0" wherever required. Round your answers to the nearest cent.)

Employee Cumulative earnings
before this pay period
Pay amount
this period
Social
Security Medicare
Moore $399,900 $7,000 $ $

To determine the percentage of the cost that is recouped, you can use the formula:

Percentage recouped = (Value added / Cost) * 100

Given that the cost to refinish the basement is $44,568 and it increases the resale value by $18,520, we can calculate:

Percentage recouped = (18,520 / 44,568) * 100

Percentage recouped = 0.415 * 100

Percentage recouped ≈ 41.5%

Therefore, approximately 41.5% of the cost is recouped when refinishing the basement.

To calculate the percentage of the cost that is recouped, you need to divide the amount added to the resale value by the cost of refinishing the basement and then multiply by 100.

Step 1: Divide the amount added to the resale value by the cost of refinishing the basement:
$18,520 / $44,568 = 0.4161

Step 2: Multiply the result by 100 to get the percentage:
0.4161 * 100 ≈ 41.61

Rounded to the nearest percent: The percentage of the cost recouped is approximately 42%.

Looks like 18520/44568 = 42%