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2 years ago

Money markets are marketsfora.Foreigncurrencies.b.Consumer automobileloans.c.Common stocks.d.Long-term bonds.

Business

1 answer:

Harlamova29_29 [7]2 years ago

4 0

Answer:

e. Short-term debt securities such as Treasury bills and commercial paper.

Explanation:

A money market is an organized exchange market and were the participant can lend and borrow short terms high quantity debt security with an average maturity with less than and year. And thus enables the government and other institutions of the short terms securities.

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How have computers affected the american workforce?

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2 years ago

Marquis has a gross pay of $816. By how much will his gross pay be reduced if Marquis has the following items withheld? federal

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Gross pay is the amount of income before taxes and deductions. The amount by which the gross pay is reduced is $174.66.

<h3>What is gross pay?</h3>

The gross pay is the amount of salary or wages that is before the taxes or other deductions. The expense of tax and deductions are subtracted from the gross pay to calculate the net pay.

The gross pay of Marquis in the given question is $816. His gross pay will be reduced by the taxes to calculate the net pay.

The amount of reduction will be the sum of all the taxes levied such as federal tax, social security tax, and so on.

Therefore the amount by which the gross pay will be reduced is:

$\begin{aligned} \rm Federal\: tax &= \$92\\\\\rm Social\: security\: tax (\$816\times 6.2\%) &= \$50.592\\\\\rm Medicare\:tax (\$816\times 1.45\%) &= \$11.832\\\\\rm \end$

The state tax is calculated as a percentage of federal tax. The state tax is:

$\rm State \:tax (\$92\times 22\%) &= \$20.24\\$

Therefore the total amount of reduction is:

$\rm Total\:amount\:of\:reduction = \$92 + \$\$50.592 + \$11.832 +\$20.24\\\\\rm Total\:amount\:of\:reduction = \$174.664$

Hence, the correct option is d.

Learn more about gross pay here:

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