Although you did not includes the salaries of the employees, it will be simple for you to calculate. FICA is the Federal Insurance Contributions Act, which is made up of social security and Medicare fees. For 2019, the Social Security tax rate is 6.2% on the first $132,900 wages paid. The Medicare tax rate is 1.45% on the first $200,000 and 2.35% above $200,000.
So, for every employee who earned $132,900 or less, it is calculated by multiplying the total earnings by 7.65% (6.2% social security +1.45% Medicare).
For all earnings that are between more than $132,900 and $200,000, it is calculated by multiplying the total earnings by 1.45%. (Medicare)
All earnings above $200,000 are taxed at 2.35% (Medicare).
After calculating each of the people, you will add up the total. The employer matches each of the contributions, so they are the exact same as the total of the employees.
Answer:
a) differences in scientific judgments.
b) Tariffs and import quotas generally reduce economic welfare.
Explanation:
Manuel is an economist who believes in classical approach of economy whereas Poornima is an economist who believes in Keynesian approach.
The Classical economics supports the idea of law and quantity theory of money. The Classical economist believes that economy is capable to achieve its natural level of real GDP by using available resources. Classical theory focuses on monetary policy to manage its money supply in an economy.
Keynesian economic theory states that government should boost demand to increase the growth. This theory believes in expansionary fiscal policy.
Manuel and Poornima disagree due to difference in their scientific judgment. They are arguing over the type of policy need to keep the economy running smoothly.
The Import and Tariffs quotas generally reduce the economic welfare. Most of the economist agrees to this proposition. Tariffs when increased then economic growth of a country slows down.
Answer:
$1,778
Explanation:
Mileage (12 trips x 400 miles x 0.235 per mile) $1,128
Lodging (12 trips x 50 per night max) $600
Meals ($100x0.50) $50
Dan’s qualified medical total expense for the year$1,778
$1,128+$600+$50= $1,778
Therefore the amount of Dan’s qualified medical expenses for 2012 is $1,778
According to the world health organization, the average human lifespan is expected to increase from 68 today to 81 in <span>n 2095-2100. The difference between the two ages is 13 years. The closest among the choices here is 15 years. The answer is a. The increased life expectancy is attributed to the decreased death rate due to HIV/aids.</span>
Answer:
Product
Explanation:
Product concept is based on general behavior of consumer. According to this concept consumers prefer product which has the best features, quality and performance given the price of product. Product concept is one of the important marketing strategies in order to match the expectation and demand of customers. Product concept facilities in giving identity to the product in relation to other similar product in the market. This concepts consistently asses the needs of consumer by using research and survey of market and consumer. Based on it features of products are modified to make product better.
Since this problem statement is discussing about desirable attributes of products and improvement in product it pertains t product concept as defined above.
