1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lesya [120]
2 years ago
6

David retires at the age of 70, the last year he worked he earned $40,000 and his social security payments for the first ear tot

al $20,000. What is his replacement rate
Business
1 answer:
Maru [420]2 years ago
6 0

If David retires at the age of 70, the last year he worked he earned $40,000. His replacement rate is: 50%.

<h3>Replacement rate</h3>

We would be using this formula to determine the replacement rate

Replacement rate=Social security payments/Amount earned last year ×100

Where:

Social security payments=$20,000

Amount earned last year=$40,000

Let plug in the formula

Replacement rate=$20,000/$40,000

Replacement rate=0.5×100

Replacement rate=50%

Therefore If David retires at the age of 70, the last year he worked he earned $40,000. His replacement rate is: 50%.

Learn more about replacement rate here:brainly.com/question/24259069

#SPJ1

You might be interested in
Knowledge Check 02 On February 28, the Jewelry store remits $975 of sales tax collected from its customers to the government. Pr
kodGreya [7K]

Answer:

Please refer to the below

Explanation:

Journal entry as seen below

Feb 28 Sales tax payable Dr $975

Cash Cr $975

Since Jewelry store collected the sales tax from its customers, sales tax account will be debited because it reduces the balance in the account while cash account will be credited because the balance therein increases due to the sales tax collected.

7 0
3 years ago
Suppose the government in your city imposes a $0.50 excise tax on gasoline. the burden of this tax falls on:_____.
MAXImum [283]

Let's say that gasoline is subject to a $0.50 excise tax in your city. This tax affects both buyers and sellers equally.

Depending on the elasticity of demand and supply, a tax's burden is split between purchasers and sellers. Depending on their alternatives, buyers' and sellers' desire to exit the market is represented by elasticity. The relationship between supply and demand price elasticity and tax incidence is also possible. The tax burden is placed on the purchasers when supply is more elastic than demand. The cost of the tax will be borne by the producers if demand is more elastic than supply.

Learn more about the burden of this tax here.

brainly.com/question/28202762

#SPJ4

4 0
2 years ago
Kobe is part of a group of managers at Earthbound Engineering examining whether the company should offer some significant new se
melomori [17]

Answer:

C. strategic planning

Explanation:

Strategic planning involves the way or process an organization adopts in determining its strategy, direction and making decisions on how to allocate resources better and implement strategy. It is also the technique which guides and controls the implementation of strategy.

Tools used for strategic planning includes.

1. Growth share matrix.

2.PEST analysis.

3.SWOT analysis.

4.Scenerio planing. etc.

7 0
3 years ago
Read 2 more answers
Jacob Co. sells merchandise on credit to Isaiah Co. for $8,600. The invoice is dated on May 1 with terms of 1/15, net 45. What i
Kryger [21]

Answer:

The discount is for $86

It will be available until May 16th

Explanation:

the credit terms are 1/15, net 45

the first numebr is the discount amount, 1%

the second number is the days after billing this discount option is active, 15

net 45 means the customer can pay the nominal 8,600 within a 45 days period. After that it should renegociate the bill

The discount will be 8,600 x 1% = 8,600 x 0.01 = 86

It will be available up to 15 days after billing:

May 1st + 15 days = May 16th

4 0
3 years ago
What are the major determinants of price elasticity of demand?
Greeley [361]

Explanation:

The four factors that affect price elasticity of demand are

(1) availability of substitutes

(2) if the good is a luxury or a necessity

(3) the proportion of income spent on the good

(4) how much time has elapsed since the time the price changed.

5 0
3 years ago
Other questions:
  • Your financial institution can’t help you if there is a mistake on your bank account statement ?
    5·2 answers
  • According to Barry Oshry, system blindness: occurs in a limited amount of organizations. causes low-level employees to feel over
    13·1 answer
  • Suppliers are more likely to be powerful relative to the firms to which they sell their goods and services if: 1) differentiatio
    7·1 answer
  • On January 1, 2016, Albacore Company had 300,000 shares of its common stock issued and outstanding. Albacore issued a 10% stock
    13·1 answer
  • Compute and interpret the contribution margin ratio using the following data:
    8·1 answer
  • Select all the choices that decision makers could use marginal analysis for to make effective decisions.
    14·2 answers
  • Plsss help!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
    5·2 answers
  • What is aacceleration?<br>Who is the most active MOD here? ​
    9·2 answers
  • Why is it important that the whole organization works toward the strategic plan? How do the departments affect each other in rea
    13·1 answer
  • Which of these lenders would be least likely to approve a short sale? unset starred question conventional lenders credit unions
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!