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
Which of the following is not a component included in a standard business plan?
Nimfa-mama [501]

A standard business plan will not include an employee summary.

All of the other options are always included in a business plan to assess the feasibility of the venture.

5 0
3 years ago
Read 2 more answers
Key numbers that financial managers use to calculate ratios usually come from the firm’s
3241004551 [841]
The answer that fits the blank above would be BALANCE SHEET AND INCOME STATEMENT. The balance sheet serves the copy of the liabilities and assets that a company or firm has recorded for a specific period of time. On the other hand, the income statement shows both the profit and loss that the company has. Therefore, it is based on these two that financial managers are able to calculate ratios.
8 0
3 years ago
Congress enacts the Ad Restriction Act (ARA) to limit advertising in certain circumstances. The ARA will be considered valid il
Bond [772]

Answer:

A) and goes further than necessary to ensure full coverage

8 0
3 years ago
Kelly selected a home and submitted an offer to the seller. Multiple Choice The seller must accept her offer. Her offer must hav
Lena [83]

Answer:

The seller may reject the offer and choose to provide a counteroffer.

Explanation:

In a free-market environment, a seller has the option to accept or decline an offer for what he is selling, in this case, a house. Furthermore, he can propose a counteroffer to see if the buyer is able and willing to pay more for that house. Taking this simple rules into account, the seller may reject Kelly’s offer if he wants and can choose to make a counteroffer.  

4 0
3 years ago
A A rocket shoots up 123 meter<br>i. What is its initial velocity -​
oee [108]

Answer:

Initial Velocity= 49 m/s

Time period= 5 secs

Explanation:

THIS IS THE COMPLETE QUESTION BELOW

A rocket shoots up 123 meters. What is it initial velocity?How long is it ascending

The initial velocity can be calculated using the expression below

u= √( 2gh)

Where g= Acceleration due to gravity= 98 m/s^2

h= height

Substitute the values we have

u = √(2*9.8*123)

u=√( 2410.8)

u = 49 m/s

the time period can be calculated as

(49/9.8)

= 5 sec

Hence time period is 5 secs

5 0
3 years ago
Other questions:
  • According to the chart, which of the following career areas is NOT declining?
    10·2 answers
  • The Rogers Corporation has a gross profit of $704,000 and $333,000 in depreciation expense. The Evans Corporation also has $704,
    10·1 answer
  • Last year, DJ's Soda Fountains, Inc. reported an ROE = 27 percent. The firm's debt ratio was 50 percent, sales were $9 million,
    8·1 answer
  • After completing chemical detoxification and a 12-step program to treat crack addiction, a client is being prepared for discharg
    14·1 answer
  • Chance is a traveling marketing representative for a publishing company. He is an independent contractor and was hired without n
    8·1 answer
  • Explain concisely whether the following statement is true or false:
    9·1 answer
  • ​Viva, Inc. bought machine X for two years ago. The machine had no residual value and had an estimated useful life of 10 years.
    8·1 answer
  • If offered employment by Amazon, would you be legally eligible to begin employment immediately?
    14·1 answer
  • What piece of legislation, one of the most complex areas of federal civil law, was established in 1974 mainly to protect the emp
    8·1 answer
  • Record the information you found for steps 2 and 3 here. Make sure you discuss how the company got money to start the business,
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!