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Elodia [21]
1 year ago
13

Current projections indicate that by the year 2030, there will be ______ tax-paying workers for every retiree collecting Social

Security.
Business
1 answer:
lakkis [162]1 year ago
3 0

Current projections indicate that by the year 2030, there will be 2.0 tax-paying workers for every retiree collecting Social Security.

  • A tax is a mandatory fee or financial charge that a government imposes on a person or a business in order to raise money for public projects like building the greatest infrastructure and services. Different public expenditure programs are then funded with the funds that have been raised.
  • There are two main categories of taxes: direct taxes and indirect taxes. Both taxes are implemented in different ways. Some taxes, like the dreaded income tax and corporate tax, are paid directly by you, while others, like sales tax and service tax, are paid inadvertently.
  • The government uses taxes to fund a variety of welfare programs, including job initiatives.

Thus this is the answer.

To learn more about Tax, refer:brainly.com/question/25783927

#SPJ4

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Smith buys and sells equity securities. On December 15, 2021, Smith purchased $542,000 of Jones shares and elected the fair valu
Kamila [148]

Answer:

$46,000

Explanation:

We can find out the the revaluation gain that need to be reported at the year end by just deducting the the cost of the investment by its current fair value .

DATA

Fair value = 588,000

Cost = 542,000

Revaluation gain = Current fair value - Cost

Revaluation gain = 588,000 - 542,000

Revaluation gain = $46,000

The revaluation gain of $46,000 will be reported in other compreensive income of smith's financial statements.

3 0
2 years ago
Professional athletes attempting only to maximize income will defer larger salaries if:
GenaCL600 [577]
Professional athletes attempting only to maximize income will defer larger salaries if DEFERRED PAYOUTS ARE ADJUSTED UPWARD TO COMPENSATE FOR FOREGONE INTERESTS.
If professional athletes, whose sole aim is larger income are asked to wait for sometime before collecting their salaries, with the promise that their incomes will be raise for the period of their waiting, then, most of them will gladly agree to the arrangement, since, they are sure of higher amounts.
4 0
2 years ago
When you purchase an item in a store you may be charged
labwork [276]
Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.
When you purchase an item in a store you may be charged by Sales tax. It is <span>a tax on sales or on the receipts from sales.</span>
6 0
2 years ago
Jones Corp. reported current assets of $196,000 and current liabilities of $138,500 on its most recent balance sheet. The curren
myrzilka [38]

Answer:

0.74

Explanation:

Jones corporation reported a current assets of $196,000

The current liabilities is $138,500

The current assets consists of $61,000 cash , account receivable= $42,100, inventory= $92,900

Therefore the quick ratio can be calculated as follows

= cash + account receivables

= $61,000 + $42,100

= $103,100

$103,100/$138,500

= 0.74

Hence the acid test(quick ) ratio is 0.74

4 0
3 years ago
Question 3: Cost terminology in manufacturing firms a) Direct materials include all materials and components only raw materials
zaharov [31]

Answer:

1. a. Only major materials and components.

Only the major materials and components are include as direct materials because these are the materials that directly needed for production.

b. Only hourly production workers (aka assembly workers).

The direct labor has to be those people who are directly involved in production which in this case is the assembly workers. Managers and Supervisors are not integral so are not direct labor.

c. Both big items that cannot be traced (e.g., factory rent) and small items that are not worth tracing (e.g., glue, grease).

All other items involved in production should be included as manufacturing overheads including big items and small items that cannot be traced.

2.

Rent for the factory building ⇒ <u>Manufacturing Overhead (OH).</u>

Cost of engines used in production ⇒ <u>Direct materials (DM).</u>

Depreciation on production equipment ⇒ <u>Manufacturing Overhead (OH). </u>

Cost of lubricant used in production. ⇒<u> Manufacturing Overhead (OH). </u>

Production supervisor's salary. ⇒ <u>Manufacturing Overhead (OH). </u>

Assembly workers' wages. ⇒ <u>Direct Labor.</u>

7 0
2 years ago
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