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Usimov [2.4K]
3 years ago
14

Rick Alexander is a master builder who spent three decades running a successful home-restoration business in Connecticut. When h

is elderly parents fell ill in 2008, he gave up his business and moved to Florida to look after them. He thought it would be easy to find work-after all, he had a certified trade and more than 30 years' experience. He looked first for jobs as a supervisor at construction sites, but didn't find anything Lowering his sights, he next looked for work at wholesalers and lumberyards, and then he applied for any job at hardware stores. Still he experienced a constant stream of rejections. He tried to start his own business, but couldn't generate enough sales to make it profitable. Tired and frustrated, Rick Alexander gave up looking for work For each of the following situations, is Rick Alexander counted as employed, unemployed, or not in the labor force by the Bureau of Labor Statistics? a. Alexander is self-employed in his old job as a carpenter According to the Bureau of Labor Statistics. he is counted as Kiatosend b. Alexander moves to Florida and begins looking for work According to the Bureau of Labor Statistics, he is counted asick to seleciv According to the Bureau of Labor Statistics, he is counted as CTOsee According to the Bureau of Labor Statistics, he is counted as ec o According to the Bureau of Labor Statistics, he is counted as c. Alexander feels discouraged looking for work and stops anplying for jobs d Alexander starts looking for work again e. Alexander starts work at a new job (e employed unemployed not in the labor force
Business
1 answer:
enyata [817]3 years ago
7 0

Answer:

a. Employed

(As he have a job)

b. Unemployed

(As he doesn't have a job but is looking for one)

c. not in labor force

(He neither have a job nor is looking for a job, so he is not a part of labor force)

d. Unemployed

(As he is looking fir a job)

e. Employed

(As he is working)

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omeli [17]

Answer:

The amount the employer should record as payroll taxes expense for the employee for the month of January is $695.75

Explanation:

According to the given, The FICA tax rate for Social Security is 6.2% and the FICA tax rate for Medicare is 1.45%. The current FUTA tax rate is 0.6%, and the SUTA tax rate is 4.4%.

The remainder are taken out of the employees' checks as part of their responsibility.

Therefore, to calculate the amount the employer should record as payroll taxes expense for the employee for the month of January we would have to make the following calculation:

Total payroll expense=($5,500 x 0.062) + ($5,500 x 0.0145) +($5,500 x 0.006) +($5,500 x 0.044)

Total payroll expense=$695.75

The amount the employer should record as payroll taxes expense for the employee for the month of January is $695.75

3 0
3 years ago
Makes sure an agenda is sent out before the meeting
Zielflug [23.3K]

Answer:

Facilitator

Explanation:

Facilitators manage the meeting process.

Hope that helps!

4 0
2 years ago
A company has four vendors and the accounts payable subsidiary ledger shows the following balances.
Luba_88 [7]

Answer:

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7 0
3 years ago
Sam’s Auto Shop services and repairs a particular brand of foreign automobile. Sam uses oil filters throughout the year. The sho
Sindrei [870]

Answer:

The EOQ is 353 units

Explanation:

The economic order quantity or EOQ is the quantoty that minimized the holding and ordering cost for invetory.

The formula for EOQ is,

EOQ = √(2*D*O) / H

Where,

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  • O is the ordering cost per order
  • H is the holding cost per unit per annum

The annual demand of oil filters by Sam is,

Annual demand = 52 * 150 = 7800 filters

The EOQ for Sam Auto Shop is,

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Select the best answer for the question.
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Answer:

QC

Explanation:

US dollar used to be backed by gold but this is not the case anymore. US dollar being as a flat currency is backed by governemnt through federal reserve.

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