Answer:
Correct options
A.) the $4 in direct costs she would spend to drive to and from her babysitting job:
Emily will have to spend $2 to and $2 on gas for the babysitting job. She will have to consider if she can bear the additional cost compared to the other job opportunity.
B.) the opportunity costs of not working at the store on a Saturday when she babysits:
When Emily is babysitting she has to consider the opportunity cost of working at the retail store. The fact the she will not have to drive to work, instead working at a place close to her home.
Incorrect option
C.) the cost of clothes and personal items (e.g., phone) Emily uses during babysitting:
On both jobs Emily will incur cost of clothing and other personal items, so this is not a cost she should be considering in making a decision between the two jobs.
The U.S. fiduciary monetary system is one where money is not convertible to a valuable commodity such as gold.
Option a
<u>Explanation:
</u>
In fiduciary monetary system, the money is issued by the government and the value of the money depends uniquely on faith of the public that the currency represents command over services and goods. The word fiducia is from Latin and it means trust or confidence.
Fiduciary money includes demand deposits of banks namely checking accounts. Fiduciary money is accepted depending on the trust its issuer commands.
The fiduciary currency is supplied in the economy by Fed. Fiduciary money can be classified into two categories namely,
- Paper money - Includes all the banknotes
- Divisional currency - Includes all the coins
Answer and Explanation:
The journal entry to deposit the FICA and FIT taxes is as follows:
FICA OASDI $2,244.10
FICA HI $524.83
FIT W/H $6,515.00
To Cash $9,283.93
(Being to record deposit the FICA and FIT taxes)
Here the FICA OASDI FICA HI FIT W/H is debited and the cash is credited
So the same is to be considered
Answer:
B. 4 years
Explanation:
As per the certain life income period, the guaranteed payments for the recipient lifetime or the specified time duration whichever is more.
Now if the recipient dies before the certain period ended, so the payments would be continued to the other beneficiary unless there is an end for the certain period
So, in the given situation, the payments would be received for
= 10 years - 6 years
= 4 years
Hence, the correct option is B. 4 years
