Answer:
Employer should withheld $1,643 from Baker's salary
Explanation:
Baker earned $113,300 in 2012. As on 2012, FICA tax rate withheld from employee's salary is 7.65% that constitutes 4.5% of social security, 1.45% of medicare taxes and 2% additional for employees whose wages exceed $18,350.
The gross income base for social security part has increased in 2012 to $110,100. This is not applicable for medicare tax of 1.45%.
Here, Baker's salary of $113,300 is above social security limit, so his income will not be withheld for social security. However, 1.45% of his salary will be withheld for medicare tax.
Therefore, $1,643 that is 0.0145×113,300 is withheld from his salary.
The formulation stage of the public policy process involves the identification and definition of a problem.
First of all, if you want to start a public policy process, you need to determine what the actual problem is. You need to do a thorough research into the issue in order to make everything clear and improve your chances of actually starting this process and solving the problem.
Answer: Independent insurance agent
Explanation:
An independent agent is sometimes called an insurance sales agent. An independent insurance agent is an insurance agent who sells insurance policies that are provided by different insurance companies.
An independent insurance agent gets commissions for the insurance policies that are sold. The higher the number of clients they serve, the higher the money they make. Independent insurance agents are not considered to be an employee of a particular insurance company
Answer:True
Explanation:
Because in any accounting rules, debit the receiver, credit the giver.
Debit what comes in, credit what goes out.
Debit all expenses and losses, credit all incomes and gains.
The answer to this statement is false, it is because blog is
not only an effective tool in business but they also use this because they
reach a vast audience in which is not considered to be just limited. Blogs are
used by business now a days because they are able to maintain their
relationship in public or customers in which will keep them updated.