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4 years ago

Social security and medicare are?

Business

1 answer:

mart [117]4 years ago

3 0

Answer:

I believe it is progressive taxes.

Explanation:

Taxes under the Federal Insurance Contributions Act (FICA) are composed of the old-age, survivors, and disability insurance taxes, also known as social security taxes, and the hospital insurance tax, also known as Medicare taxes.

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jim root company operates four bowling alleys. the business just received the , , bank statement from city national bank, and

Damm [24]

Listed on the statement are an EFT rent collection of $440, a service charge of $7, NSF checks totaling $50, and a $23 charge for printed checks.

<h3>What is statement?</h3>

Frequently used in the field of project management is a statement of work (SOW). The work demand for a project is described in narrative form. For a vendor offering services to the client, it specifies project-specific tasks, products, and deadlines. Standard regulatory and governance terms and conditions, together with specific criteria and price, are usually included in the SOW. A master service agreement or request for proposals frequently have it as an essential annex (RFP).

For the hardware or software solutions outlined in the request for proposals, numerous statement of work document template formats and styles have been developed. Many businesses develop their own specialized or generalist SOWs that are specifically tailored to meet the requests and proposals they typically receive.

To learn more about statement from the given link:

brainly.com/question/25938417

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6 0

2 years ago

A bank installed an ATM. After several months of operation, a sample of 100 customers showed the following use of the ATM in a m

Fed [463]

Answer:

a. 25 is the correct answer b. yes

6 0

3 years ago

Information: You are employed as a network consultant at Network Design Consultants. Your company consists of 15 consultants who

Mkey [24]

The first step in the design process is to find out as much as you can about the organization.

It is not possible to design something for a company if you do not know what will work for the company and what will not.

This is why the first step in the design process is to find out as much as you can about the company in question which in this case is Harrison and Associates.

Some questions you can ask Harrison and Associates include:

their goals and visions
the sophistication of the computers they have and what it can take
the software their computers are capable of running
the type of security system and safeguards they will need

These will help you determine what kind of systems they need so that you can go about finding ways to satisfy these needs.

In conclusion, the first step of the design process is very important because that is where you find out exactly what the client wants so that you can do what you can.

<em>Find out more at brainly.com/question/20859690.</em>

5 0

3 years ago

(Calculating annuity payments) The Aggarwal Corporation needs to save $10 million to retire a $10 million mortgage that matures

Olenka [21]

Answer:

Ans. The equal amount of money that Aggarwal Corporation needs to put into this account, for 10 years, at the end of each year is $658,200.90

Explanation:

Hi, in order to find the equal amount of money to put into this account, that returns 9% annually, for ten years, and to be paid at the end of each year, we need to use the following formula and solve for "A".

$Future Value=\frac{A((1+r)^{n}-1) }{r}$

Where:

Future Value= $10,000,000

r= 0.09

n=10

So, everything should look like this.

$10,000,000=\frac{A((1+0.09)^{10}-1) }{0.09}$

$10,000,000=A(15.1929297)$

$\frac{10,000,000}{15.1929297} =A$

$A=658,200.9$

The answer is: Aggarwal Corporation needs to save $658,200.90 every year, at the end of the year, for ten years in order to get $10,000,000 in ten years to retire its mortgage.

Best of luck.

5 0

3 years ago

On January 1, 2021, Clark Corporation sold an $800,000, 7% bond issued for $767,320. The bonds are to pay interest quarterly and

serg [7]

Clark Corporation's total cost of borrowing $800,000, 7% bonds issued for $767,320 for 5 years is $344,702.87.

<h3>What is the total cost of borrowing?</h3>

The total cost of borrowing includes the bond discounts and the interest expenses.

In this case, the total cost of borrowing is $344,702.87. However, this is only the pre-tax cost.

<h3>Data and Calculations:</h3>

Face value = $800,000

Interest rate = 7%

Bonds proceeds = $767,320

Bonds discounts = $32,680 ($800,000 - $767,320)

Maturity period = 5 years

Market rate = 8%

Interest payment = quarterly

Quarter interest expense = $14,000 ($800,000 x 7% x 1/4)

N (# of periods) = 20 (5 x 4)

I/Y (Interest per year) = 8%

PMT (Periodic Payment) = $14,000 ($800,000 x 7% x 1/4)

FV (Future Value) = $800,000

<u>Results:</u>

PV = $767,297.13

Sum of all periodic payments = $280,000 ($14,000 x 20)

Total Interest = $312,702.87

Total cost of borrowing = $344,702.87 ($32,680 + $312,702.87)

Thus, Clark Corporation's total cost of borrowing $800,000, 7% bonds issued for $767,320 for 5 years is $344,702.87.

Learn more about the total cost of borrowing at brainly.com/question/25599836

6 0

2 years ago