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vova2212 [387]
1 year ago
6

Amounts withheld from each employee for social security and medicare vary by state.

Business
1 answer:
satela [25.4K]1 year ago
3 0

It is False.

No matter which states the employee lives, the amounts withheld from each employee for social security and medicare do not vary by state. The present tax rate for social security for employers and employees is 6.2% and the present current rate of medicare is 1.45% for both the employer and employee.

Employers are typically required to withhold Social Security and Medicare taxes from an employee's paycheck and pay the employer's share of those taxes.

The Social Security Tax and the Medicare Tax have different rates, and only the Social Security tax has a salary cap. The base salary ceiling is the maximum taxable salary in the year. Determine the withholding amount for Social Security and Medicare contributions by multiplying each payment by the employee's tax rate.

To learn more about social security and medicare from given link

brainly.com/question/19277833

#SPJ4

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From 1973 to 1986, growth in the United States economy was over 33 percent, while the percent growth in United States energy con
Ierofanga [76]

Answer: D

Explanation:

We are given a comparison between 'economic growth' and 'growth energy consumption' and told that the first increased and the second did not. We are also told that a certain amount of oil is being saved by energy improvements. As it is difficult to infer a likely answer in 'must or could be true' type questions, we'll go over all of the options, the Alternative approach.

A. We have no information on the relative ease of finding new sources of oil. No

B. We have no information on how to reduce oil imports. No

C. We have no information on what caused energy consumption to remain steady. No

D. This is exactly what happened so is true. This is almost certainly our answer, let's go over (Correct )

E. We have no information on the link between development of energy sources and growth. No

(D) is our answer; note that all other answers explicitly added information not in the original passage. This is what you need to watch out for in these types of questions.

7 0
2 years ago
The town of snowville is concerned that its rental property market is overpriced. the demand for rental housing is p = 48 - 2q,
goblinko [34]
For this case what you should do is to clear q in both equations with a price of p = 16 $
 We have then:
 For the demand
 p = 48 - 2q
 q = (48 - p) / 2
 q = (48 - 16) / 2
 q = 16
 For the supply:
 p = 12 + q
 q = p-12
 q = 16-12
 q = 4
 Answer:
 if the town imposes a price ceiling of 16 dollars, and the quantity demand will be 16 while quantity supply will be 4.
6 0
3 years ago
Faced with incomplete information about the future national economic conditions, many employers have eschewed the tradition of h
Solnce55 [7]

Answer:

Option D is correct

Explanation:

The reason is that the company desires to emphasize control over the economic down turn. Most companies collapse in recession due financial distress. And salary of permanent employees is fixed cost which the company has to pay whatever the situation is. Using freelancer's facilities and temporary workers helps in controlling the cost of the product and ensures the survival of the company.

5 0
3 years ago
Iam a 4 tail fox im a chef and a medic what am i
rewona [7]

Answer:

Explanation:Surgeon

3 0
3 years ago
Read 2 more answers
A machine with a cost of $75,000 has an estimated residual value of $5,000 and an estimated life of 4 years or 18,000 hours. Wha
allochka39001 [22]

Answer:

The answer is:  $18, 750

Explanation:

The double-declining-balance(DDB) method entails computing depreciation of an asset at an accelerated rate. This method is employed when the asset loses value quickly and is expected to generate more revenue at the earlier stages of its useful life. The depreciation is higher at the beginning and lower close to the end of the asset's useful life. The depreciation is computed as follows:

Depreciation = 2 * straight line depreciation percentage * Book value at the beginning of the period

Machine cost: $75, 000

Residual Value: $5, 000

Estimated Life: 4 years/18, 000 hours

Straight line depreciation percentage : 100/4 = 25%

Depreciation Year 1 on DDB =  2 * 25% * $75, 000

                                               = $37, 500

Depreciation Year 2 on DDB =  2 * 25% * ($75, 000 -$37, 500)

                                               = $18, 750

       

4 0
2 years ago
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