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Anon25 [30]
2 years ago
10

Sam, age 35, and kathy, age 33, are married and have a son, age 1. sam is employed as an accountant and earns $60,000 annually.

kathy is an associate professor of finance at a large university and earns $120,000 annually. both are currently and fully insured under the oasdi program. assume you are financial planner who is asked to give them advice concerning oasdi and other social insurance programs. answer each of the following questions based on the following situations. treat each situation separately. a. sam is killed instantly in an auto accident. would kathy and their son be eligible for receive oasdi survivor benefits?b. kathy has laryngitis that damaged her vocal cords.e. sa po as a result, she can no longer teach. she is offered a research position in the business research bureau of the university where she is employed. to what extent if any would kathy be eligible to receive oasid disability benifits?c. a deranged student fired a pistol at kathy because u- he her di of ia- she gave him a grade of d+. as a result, kathy was seriously injured and is expected to be off work for at least one year while she is recovering. to what extent, if any, would existing social insurance pro- grams in the united states provide income during the period of temporary disability? d. sam would like to retire at age 62 and still work part-time as an accountant. he has been informed that the oasdi earnings test would be relevant in his case. explain how the earnings test might affect his decision to work part-time after retirement. e. sam resigned from his job to find a higher-paying position. explain whether sam could receive unem- ployment insurance benefits during the period of temporary unemployment before he finds a new job.
Business
1 answer:
shusha [124]2 years ago
6 0

Sam, age 35, and Kathy, age 33, are married and have a son, age; The Financial stands resolve will be

  • To the extent that Sam's wife qualifies for OASDI payments in the event of his death due to an automobile accident, she will receive them.
  • Kathy's vocal cord is a significant contributor to her income since she is a teacher, but she can only get disability benefits if she has been selected for them.
  • Kathy will be eligible for temporary disability benefits under the United States' social insurance program since she was injured on the job and has opted into the program.
  • Sam's benefits will be reduced by $1 for every $2 he earns over the $17040 level in 2018; however, he will not see a decrease in his benefits if his income is between $45,306 and the maximum allowable amount of $45,306.
  • Sam's desire for a greater salary is not a qualifying cause for unemployment insurance.

<h3>Who is a  financial planner?</h3>

Generally, a financial planner is simply defined as one form of a financial adviser, the financial planner, focuses on helping clients develop and implement strategies for achieving their long-term financial objectives.

In conclusion, Finance is managing substantial resources, as practiced by governments or major corporations.

Read more about finances

brainly.com/question/10024737

#SPJ1

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They’re affordable and highly targeted.
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3 years ago
A bed mart company is in the business of manufacturing beds and
vladimir1956 [14]

The maximum daily profit for the company is $860

<h3>What is an inequality</h3>

Inequality is an expression that shows the non equal comparison of two or more variables and numbers.

Let x represent the number of bed and y represent the number of pillow, hence:

4x + 2y ≤ 40    (1)

Also:

2x + 4y ≤ 32   (2)

From the graph, the solution is at:

(8, 4)

Profit = 80x + 55y = 80(8) + 55(4) = $860

The maximum daily profit for the company is $860

Find out more on inequality at: brainly.com/question/24372553

3 0
2 years ago
Grand Lips produces a lip balm used for​ cold-weather sports. The balm is manufactured in a single processing department. No lip
77julia77 [94]

Answer:

a. see attachment

b.

total equivalent units : Materials = 30,500 units and Conversion Costs = 16,860

cost per equivalent unit : Materials = $0.14 and Conversion Costs = $0.30

c.

(a) units completed and transferred to Finished Goods = $6,732

(b) units still in process at June 30 = $1,196

d.

<u>Journals</u>

Work In Process :Direct Materials $4,305 (debit)

Raw Materials $4,305 (credit)

<em>Being Raw Materials used in Production</em>

Work In Process :Direct Labor  $3,320 (debit)

Salaries Payable $3,320  (credit)

<em>Being Labor used in Production</em>

Work In Process ; Overheads $1,738 (debit)

Overheads $1,738 (credit)

<em>Being Overheads Assigned to Production</em>

Finished Goods $6,732 (debit)

Work In Process $6,732 (credit)

<em>Being Units transferred to Finished Goods</em>

Explanation:

<u>Calculation of Equivalent units of Production in respect with Raw Materials and Conversion Costs</u>

1. Materials

Ending Work In Process (5,200 × 100%)                                         5,200

Completed and Transferred Out (15,300 × 100%)                         15,300

Equivalent units of Production in respect with Raw Materials     30,500

2. Conversion Costs

Ending Work In Process (5,200 × 30%)                                            1,560

Completed and Transferred Out (15,300 × 100%)                         15,300

Equivalent units of Production in respect with Conversion Cost 16,860

<u>Calculation of Cost per Equivalent unit of production  in respect with Raw Materials and Conversion Costs</u>

Unit Cost = Total Cost ÷ Total Equivalent units

1. Materials

Unit Cost =  $4,305 ÷ 30,500

                = $0.14

2. Conversion Costs

Unit Cost =  ($3,320 + $1,738) ÷ 16,860

                = $0.30

3. Total unit cost

Total unit cost = Material Cost + Conversion Cost

                        = $0.14 + $0.30

                        = $0.44

<u>Calculation of costs assigned to (a) units completed and transferred to Finished Goods and (b) units still in process at June 30.</u>

(a) units completed and transferred to Finished Goods

Total Cost = units completed and transferred out × total unit cost

                 = 15,300 × $0.44

                 = $6,732

(b) units still in process at June 30.

Total Cost = Materials Cost + Conversion Cost

                 = $0.14 × 5,200 + $0.30 × 1,560

                 = $1,196

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Answer:

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Soft rationing -

It is the process in which the company itselves takes the decision to limit the amount of capital , which is used for the investment for a given period of time , is known as soft rationing .

It is referred to as soft , as the decision is taken by the firm itself , where the changes and alteration all are done by the firm only according to the future goals and practices .

hence , from the question , the situation given , depicts - soft rationing .

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Answer:

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Explanation:

6 0
3 years ago
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