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A bank teller's hourly wage will increase from $24 to $27.60. This represents a 15% increase in wages.
Increase by = $27.60 - $24 = $3.60
Increase percentage= $3.60 × 100% / $24 = 15%
What are wages?
A wage is the amount of money that companies give to their employees on an hourly or daily basis. Since a wage is a fixed rate, people usually get paid according to the number of hours or days they worked over the week. For instance, a retail worker who works 30 hours per week could earn $18 per hour.
What happens when the wage increases?
Increased wages lead to inflation because doing business becomes more expensive as workers are paid more by employers. To retain the same level of profitability, businesses must raise the prices they charge for their products and services to offset the cost increase.
Learn more about wages: brainly.com/question/13847060
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Answer:
The statement is FALSE.
Explanation:
Concrete terms are referred to those objects and events that are available to the five senses of human. However, these terms can be used in an abstract or symbolic way. A word is concrete in a specific context, but becomes a symbol of an abstract idea in a different context depending on the author's intent. This is possible because that symbol is not used in a literal meaning, but is used to represent an idea which usually means something else. Henche the given statement is wrong.
I believe the answer is: it gives a special tax break to employees who are saving primarily for retirement.
This make the taxpayers able to maxmize their purchasing power prior to their retirement. Which allow them to do things such as putting more money down on their mortrage, improve their standard of living, increasing their life saving, or putting of some of their income in various type of investments.
Answer:
B)a deficit of $1.5 trillion
Explanation:
The computation of the government budget balance is shown below:
= Taxes - government spending
= $0.5 trillion - $2 trillion
= $1.5 trillion deficit
For computing the government budget balance, we deduct the government spending from the taxes so that the correct amount can come
All other information which is given is not relevant. Hence, ignored it