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Mumz [18]
1 year ago
12

Can someone Plss help with this I’m not sure if that the right answer

Business
1 answer:
Step2247 [10]1 year ago
5 0

Based on the fact that you gave up the beach to study for the economics final, the opportunity cost is d. the sun and fun you gave up by studying.

<h3>What is the opportunity cost of studying?</h3>

The opportunity cost is what we give up in order to pursue our current course of action.

You gave up going to the beach and having fun in the sun so this is the opportunity cost of studying for economics.

Find out more on opportunity cost at brainly.com/question/481029.

#SPJ1

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Date       Account Title                                                          Debit          Credit

XX-XX    Wages Expense                                                    $62,000

              Federal Income Tax Withholding Payable                              $7,440

              Social Security Taxes Payable (Employee)                            $3,844

              Medicare Taxes Payable (Employee)                                     $  899

              Cash                                                                                         $49,817

<u>Working </u>

Social Security Taxes Payable (Employee) = 6.2% * 62,000 = $3,844

Medicare Taxes Payable (Employee) = 1.45% * 62,000 = $899

Date       Account Title                                                         Debit            Credit

XX-XX   Social Security Taxes Expense (Employer)        $3,844

             Medicare Taxes expense (Employer)                   $899

             State Unemployment tax expense                        $75

             Social Security Taxes Payable (Employer)                             $3,844

             Medicare Taxes Payable (Employer)                                      $899

             State Unemployment tax Payable                                           $75

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3 years ago
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