Every year, the average American spends $1,200 on fast food. A OnePoll 2014 survey of 1,000 adults revealed that Americans eat fast food on average twice a week, spending $12.50 on each meal. Equally revealing is that burgers, fried chicken and pizza are ordered the most, and about half of Americans consume soda every day.Know More
In 2013, Americans spent $117 billion at fast-food restaurants, such as McDonald's, Kentucky Fried Chicken and Pizza Hut.
Every day, at least 1 in 4 Americans eat some type of low-cost, high-speed cuisine with very little nutritional value. These habits have been linked to weight gain and poor health.Learn more about Financial Calculations
Mandatory 401(k) withdrawals at age 70 1/2, known as required minimum distributions, are calculated by dividing the balance in the 401(k) account on December 31 of the previous year by the life expectancy of the account holder, reports Bankrate. Life expectancy is determined using the appropriate IRS uniform lifetime table.Full Answer >
To work out the hourly rate of an employee using their annual salary divide the annual salary by the number of hours worked during the year. A similar calculation can also be done using a monthly salary.Full Answer >
The difference between real and nominal GNP, or gross national product, is that the nominal GNP is calculated at the current price levels of the economy, and the real GNP is calculated relative to a set base year. Nominal GNP is typically used to compare current economies at current price levels, and real GNP can be used to evaluate a single economy's history.Full Answer >
Retirees calculate their yearly required minimum distribution by dividing the amount in their retirement account as of December 31 of the previous year by their life expectancy according to an IRS table, reports the IRS. Account holders must recalculate the amount each year, according to Bankrate.Full Answer >