Answer:
First we need to first find the equilibrium quantity and price during normal times.
The equilibrium price in normal times is P=$3 and the equilibrium quantity is 55 bottles.
During the hurricane, the government will set a price ceiling of $3. We can infer from the table that the quantity supplied at P=$3 is 55 bottles while the quantity demanded during hurricane at the price of $3 per bottle is 105 bottles. Hence,
105-55= 50
During a hurricane, there would be a shortage of 50 bottles of water.
If there were no price ceiling, then the equilibrium price would be such that the quantity demanded during hurricane equals the quantity supplied. From the table we can see that the equilibrium price would in that case be P=$5 per bottle where the equilibrium quantity is 85 bottles. With the price ceiling only 55 bottles are available for trading. Now without the price ceiling 85 bottles are available.
Hence consumers would have to pay an additional $2 (=5-3) but they can now buy an additional 30 bottles [=85-55].
Without the antiprice gouging law, consumers would have to pay $2 more than the ceiling price, but they would bv able to buy 30 more bottles of water.
The document is known as W-4 Form. You fill this form when you are claiming your allowances, but it also helps to guide your boss on how much money should be withheld from your paycheck for federal taxation.
Total pay for this week = $16*40 + $16*1.75*10 = $920
Prior Gross pay = 23,200
Total Gross pay = 920 +23,200 = $24,120
Social security = 0.06*24,120 = $1,447.20
Medicare = 0.015*24,120 = $361.80
Federal Tax withheld = $212
Total deductions = 1447.20 +361.80+212 = 2,021
Total Net Pay = 24,120 -2,021 =$22,099
Not 100% sure but i THINK it is A/P. I know for sure that it is not the income summary
I do lol, they kinds scary yk?
