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makvit [3.9K]
3 years ago
6

Hansel and Gretel, a married couple, manage apartments and they are required to live in the managers’ apartment as a condition o

f their employment. Instead of providing the apartment to Hansel and Gretel rent-free, the owner of the apartment building gives Hansel and Gretel a housing allowance of $600, which they use to pay rent on the managers’ apartment. Hansel and Gretel pay $600 per month in rent. If they did not live in the managers’ apartment, Hansel and Gretel could live in another apartment building where they would only pay $500 in rent. What amount, if any, must be included in Hansel and Gretel’s gross income?
Business
1 answer:
Alex3 years ago
3 0

<u>Answer:</u>$0

<u>Explanation:</u>

Hansel and Gretel receive $600 as house rent allowance and they pay the same $600 towards the rent for their stay in the manager's apartment. If they live in a different building they would only pay $500 then they could save $100 which is the opportunity cost lost by them.

They do not have a gross income as the income and allowance are equal there is no gross income. They cannot even move on to other building as per the job agreement they have to stay at the manager's house which makes it impossible for them to earn gross income when in this job agreement.

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. Acme Parts runs a small factory and employs workers who are paid one of three hourly rates depending on their shift: first shi
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Answer:

Program file

filename: AcmePay.java

import java.util.Scanner;

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public static void main(String[] args) {

double[] shiftPay = { 17, 18.50, 22 };

double hourlyPayRate = 0, regularPay = 0, overTimeHours = 0, overTimePay = 0, retirementDeduction = 0,

netPay = 0;

System.out.println("*** Employee Pay ***");

// scanner object to read data

Scanner scan = new Scanner(System.in);

// read the number of hours worked from user

System.out.print("Enter the number of hours worked: ");

double numHours = scan.nextDouble();

// read the shift

System.out.print("Enter the shift (1 - 3): ");

int shift = scan.nextInt();

hourlyPayRate = shiftPay[shift];

// calculate regulaPay

regularPay = numHours * hourlyPayRate;

if (numHours > 40) {

overTimeHours = numHours - 40;

overTimePay = overTimeHours * (hourlyPayRate * 1.5);

}

// calculate grossPay

double grossPay = regularPay + overTimePay;

// check for availability of retirement plan

if (shift == 2 || shift == 3) {

System.out.print("Did the worker elected for retirement (1 for yes, 2 for no): ");

int chooseRetirement = scan.nextInt();

if (chooseRetirement == 1) {

// calculate retirement bonus

retirementDeduction = (grossPay * 0.03);

}

}

// calculate netPay

netPay = grossPay - retirementDeduction;

// print the information to stdout

System.out.println("Hours worked: " + numHours);

System.out.println("Shift: " + shift);

System.out.println("Hourly Pay rate: " + hourlyPayRate);

System.out.println("Regular Pay: " + regularPay);

System.out.println("Overtime hours: " + overTimeHours);

System.out.println("Overtime pay: " + overTimePay);

System.out.println("Total of regular and overtime pay (Gross pay): " + grossPay);

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System.out.println("Net pay: " + netPay);

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scan.close();

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Explanation:

5 0
4 years ago
Christin, the CEO of a national IT manufacturer, was approached by Ultimate Phones, a new company that is marketing a new type o
lorasvet [3.4K]

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Explanation:

By analyzing the options given in the question we can say that

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  • Group think implies giving preference  to the decision of a group over individual's thinking

  • The concept of Bounded rationality was introduced by Herbert Simon wit  refers to the fact that making a rational decision is sometimes limited to the information at one's disposal as well as  one's mental prowess.

So the answer to the above question is  (B) bounded rationality-Christin is experiencing the dilemma of bounded rationality

8 0
3 years ago
Baker earned $113,300 of salary as an employee in 2012. How much should his employer have withheld from his paycheck for FICA ta
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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.

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Kahneman and Tversky used experiments to examine how people actually make decisions about risk. The researchers found a multi-st
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Answer:

prospect theory is the correct answer.

Explanation:

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You just won a state lottery! The lottery offers you a choice: you may choose a lump sum today, or $89 million in 26 equal annua
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Answer:

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Explanation:

The computation of the lumspum amount is as follows;

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= $89 million × (1 - (1 + 0.0765)^-26) ÷ 0.0765)

= $38,163,612

Hence, the lump sum that would equal the present value of the annual installments is $38,163,612

Therefore the above is calculated by applying the given formula

7 0
3 years ago
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