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jonny [76]
3 years ago
14

Which activity might require you to provide your social security number? A)Starting a new job. B)Boarding an airplane. C)Buying

something with a credit card. D)Renting a car.
Business
2 answers:
Inessa [10]3 years ago
7 0

Option (A) is correct. Starting a new job might require a Social Security Number.

Further Explanation:  

Social Security Number (SSN):

Social Security Number is a numerical identity provided to the citizen of the United States to track the income and income-related benefits. It is a nine-digit number. Initially, it used to track the individual account, but now it is used as an identity card for the U.S. citizens, obtain ting loan, opening a new bank account, obtaining the government benefits, insurance, and it also helps in the purchase of assets such as house and car.

Use of Social Security Number:

Social Security Number (SSN) is used at the time of hiring a new employee. The employer asks the SSN, and the accounting department of the employer uses a unique number to report the income to the Internal Revenue Service (IRS). The accounting department also reports Social Security wages to the Social Security Administration. The SSN is also used for the purpose of tax deduction. The employer uses the number to determine the tax liability and withhold the amount from the employee’s paycheck. All the workers in the U.S. have to obtain a Social Security Number before starting a job.

Thus, option (A) is correct. Starting a new job might require the Social Security Number.

Learn More:

1. Learn more about the saving account

<u>brainly.com/question/8589744 </u>

2. Learn more about the inflation

<u>brainly.com/question/6460788 </u>

3. Learn more about the demand and supply in the economy  

<u>brainly.com/question/5471118 </u>

<u> </u>

Answer Details:

Grade: Middle school

Chapter: Selection of candidate

Subject: Human Resources

Keywords: activity, require, provide, your social, security, number, starting, new, job, boarding, airplane, buying something, credit card, renting a car.

natka813 [3]3 years ago
3 0

You might be required to provide a social security number if you want to rent a car. This implies the correct answer is D.

A social security number is a number that is provided by the US government and issued to the citizens. The social security number can also be given to eligible residents if they apply for it. A social security number (SSN) contains nine-digit numbers and it serves many purposes.

<h2>Further Explanation</h2>

The social security number is used by the government to monitors your earnings and also to know the number of years that you have worked.

If as a retiree, you are entitled to get a social security disability income, the government of the United States will use the details regarding the contributions you make towards your social security.

This information is used to determine whether you are qualified to receive social security benefits and also to calculate how much you have contributed.

However, you will be required to provide your social security number in the following scenarios:

  • When you need to apply for a federal loan
  • When you need to apply for some kinds of public assistance
  • When renting a car
  • When you enroll in Medicare          
  • When you need to get a driver’s license and many more

LEARN MORE:

  • Which activity might require you to provide your social security number  brainly.com/question/9197489
  • Which activity might require you to provide your social security number?  brainly.com/question/3852479

KEYWORDS:

  • renting a car
  • medicare
  • social security number
  • federal loan
  • nine digits
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3 0
2 years ago
Someone help me please?
laila [671]

Answer:

a) Cost of goods Manufactured = $610,000

b) Cost of sales = $ 580,000

c) Net income = $ 140,000

Explanation:

a)                                       Ferruccio Fashion

                     Schedule of Cost of Goods Manufactured

                             For the Year Ended 12/31/X2

                     Particular                                  $                               $

Direct Materials:

Raw Materials, 1 January                            40,000

Add: Purchase                                     <u>      180,000</u>

Materials available for use                       220,000

Less: Raw materials, 31 December     <u>       25,000</u>

Materials used                                                                            195,000

Direct Labor                                                                              <u> 200,000</u>

Prime Costs                                                                                395,000

Manufacturing Overhead:

Indirect Material                                           11,000

Indirect Labor                                               16,000

Plant Utilities                                                40,000

Depreciation, plant and equipment           60,000

Other                                                     <u>       78,000</u>               <u>   205,000</u>

Total Manufacturing Costs                                                        600,000

Add: Work-in-progress, 1 January                                               40,000

Less: Work-in-progress, 31 December                                   <u>   (30,000)</u>

Cost of goods manufactured                                                    610,000

b)                                   Ferruccio Fashion

                               Schedule of Cost of sales

                             For the Year Ended 12/31/X2

                     Particular                                                $

Finished goods inventory, 1 January                    20,000

Add: Cost of goods manufactured (<em>From a</em>)    <u>    610,000</u>

Goods available for sale                                       630,000

Less: Finished goods inventory, 1 January       <u>   (50,000)</u>

Cost of sales                                                         580,000

Now, this cost of sales will be used to find gross and net profit.

C)                          Ferruccio Fashion

                            Income Statement

                     For the Year Ended 12/31/X2

           Particular                                                 $

Sales Revenue                                              945,000

Less: Cost of sales (<em>From part B</em>)        <u>         580,000</u>

Gross Profit                                                    365,000

Less: Selling and administrative expenses  <u>145,000</u>

Income before income tax                           220,000

Less: Income tax expense                     <u>         80,000</u>

Net Income                                                     140,000

8 0
3 years ago
The Missing Link Chain-Link Fence Company is trying to determine how many chain-link fabricating machines to buy for its factory
OleMash [197]

Answer:

Explanation:

What is given:

The price of a new fabricating machine - 60

The price of a one-year-old machine - 51

The real interest rate is 10% per year

Marginal product of fabricating machines 165-2K (K - desired number machines)

If calculate the depreciation, (60-51)/51 = 15%

a) Find user cost of capital

User cost of capital is the sum of interest rate and depreciation cost multiplied by the price of new machine

= 60*(0.10+0.15) = 15 units

b) Determine the number of machines that will allow Missing Link to maximize its profit

165-2K=15

2K = 150

K = 75 machines

c)

Suppose that Missing Link must pay a tax equal to 40% of its gross revenue. What is the optimal number of machines for the company?

165-2K = 15/(1-0.4)

165-2K=14/0.6

165-2K=25

2K=140

K=70 macines

4 0
3 years ago
You have been investing $300 a month for the last 8 years. Today, your investment account is worth $43,262. What is your average
sdas [7]

Answer:

Having invested $ 300 per month for the past 8 years, the total accumulated investment amount would be $ 28,800 (8 x 12 x 300). Now, having a total amount of $ 43,262, we find an increase of $ 14,462, which corresponds to the interest accumulated during said period. To know the percentage of the increase, we must perform a cross multiplication:

28,800 = 100

14,462 = X

(14,462 x 100) / 28,800 = X

1,446,200 / 28,800 = X

50.21 = X

As we can see, the investment had an increase of 50.21% during these 8 years. Now, the average increase in investment arises from the division of the total percentage of increase by the number of years. So, given that 50.21 / 8 = 6.27, the average annual return rate of this investment is 6.27%.

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What condition is necessary for a fiat money system to work? customers with checking accounts cannot earn interest on those acco
pashok25 [27]
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