Answer:
The option (b) 2.4 is correct.
Explanation:
We can find price elasticity of demand by using the formula shown in the attachment attached with.
Since we know the quantities of product associated with the market price of the product, by putting values in the equation we have:
Price elasticity of Demand =
= [(6000 - 4000) / (6000 + 4000)/2] / [(13 - 11) / (13+11)/2]
Price elasticity of Demand = 2.4
So this is how we can find the price elasticity of supply which says that the producers will respond to prices drop by producing lower quantity of product.
Answer:
the rate of commission is 8%
Explanation:
The computation of the rate of commission is shown below:
Rate of commission is
= Commission received by the broker ÷ Sale value of the home
where,
The Commission received by the broker is $13,200
And, the sale value of the home is $165,000
Now put these values to the above formula
So, the rate of commission is
= $132,00 ÷ $165,000
= 8%
Hence, the rate of commission is 8%
The call number, the title, and the authors name. That way you can find the book even if the author has written other things. Hope this helped!
Answer:
The correct answer is B. $579.62.
Explanation:
Given that Amy earns an annual salary of $ 68,500 and is paid bi-weekly, and she is in the 22% Federal Income Tax Bracket and lives in a state with a 4.5% State Income Tax, to determine how much in Federal Income Tax is Amy paying per paycheck, the following calculation must be performed:
Every year has 52 weeks, that is, 26 bi-weeks (56/2).
(68,500 / 26) x 0.22 = X
2,634.61 x 0.22 = X
579.6153 = X
Thus, Amy is paying $ 579.62 in Federal Income Tax per paycheck.
Answer:
The $90 is the amount which must record as payroll tax expense and pay to the federal and state governments.
Explanation:
The taxable income is that income which is paid to the government. It is always calculated on the gross pay amount which means we have to deduct all the deductions from the income which is earned in the financial year.
The computation of the amount of state and federal unemployment tax that his employer must record as a payroll tax expense and pay to the federal and state governments is shown below:
= Total gross pay amount × r state and federal unemployment compensation tax rate
= $1,500 × 6%
= $90