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Greeley [361]
2 years ago
7

a) what does it take, exactly, for a worker to earn a wage? b) how is interest income earned? c) how is ‘capital gain’ income ea

rned? d) how is ‘inheritance’ income earned, exactly? e) how are social security benefits earned? f) how are private sector pensions and government employee pensions earned? g) how are unemployment insurance benefits earned?
Business
1 answer:
guajiro [1.7K]2 years ago
6 0

Answer:

a) The money, or compensation, you earn in exchange for work. Some common ways employers pay wages are hourly, salary, and commission — or some combination of these ways. An hourly amount voted into law by the U.S. Congress.

)Interest income is generated by savings accounts, CDs, and other investments that pay some form of interest. ... Investment banks and other financial institutions generate interest income from securities and a variety of investments.

c) Capital gains are generally included in taxable income, but in most cases, are taxed at a lower rate. A capital gain is realized when a capital asset is sold or exchanged at a price higher than its basis. Basis is an asset's purchase price, plus commissions and the cost of improvements less depreciation.

d) Received an inheritance of cash, investments, or property? ... Inheritances are not considered income for federal tax purposes, whether you inherit cash, investments or property. However, any subsequent earnings on the inherited assets are taxable, unless it comes from a tax-free source.

e)You qualify for Social Security benefits by earning Social Security credits when you work in a job and pay Social Security taxes. We base Social Security credits on the amount of your earnings. ... In 2020, you receive one credit for each $1,410 of earnings, up to the maximum of four credits per year.

)While public pensions are provided to individuals working in state and local governments, private pensions are typically made available through companies..

g)The program is funded by taxes on employers, including state taxes and the Federal Unemployment Tax Act (FUTA), which is 6 percent of the first $7,000 of each employee's wages. States have extensive flexibility in determining benefits.

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Suppose that due to a fear that the United States is about to enter a long period of stagnant growth, stock prices fall by 50% o
densk [106]

Answer:

spending would increase

Explanation:

Disposable income is either saved (invested) or spent.

If stock prices are expected to fall, individuals would be less willing to save their income and would prefer to spend their income instead.

As a result, spending would increase

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2 years ago
A customer’s order was never filled because an order entry clerk transposed the customer identification number while entering th
Stells [14]

Answer:

The correct answer is C. Validity check.

Explanation:

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3 years ago
Read 2 more answers
International business differs from domestic business in that a firm operating across borders must deal with: Group of answer ch
Novosadov [1.4K]

Answer: A firm operating across borders must deal with both foreign and international environment. Options A and B

Explanation:

International Business is a kind of business between two or more countries, that involves the trade of products and services across national borders or on a global level.

An example is the oil industry in which oil is produced by one country and sold to another. Both countries deal with both Foreign and International environments.

5 0
3 years ago
Jamison Company has the following obligations at December 31: For each obligation, indicate whether it should be classified as a
Rashid [163]

Answer:

Explanation:

The current liability is that liability in which the obligation is arise for one year or less than one year.

So, the categorization is shown below:

a. A note payable for $100,000 due in 2 years. = It is not a current liability as it is due in 2 years that come under the long term liability

b. A 10-year mortgage payable of $300,000 payable in ten $30,000 annual payments. = Current liability for first annual payment only and rest is consider to be long term liability

c. Interest payable of $15,000 on the mortgage. = Current liability as it is arise within one year

d. Accounts payable of $60,000. = Current liability as it is arise within one year

The current liability is shown on the liabilities side of the balance sheet.

7 0
3 years ago
A car dealer advertises a rock-bottom price for a sports utility vehicle that usually goes for $1,000 or more. When you get to t
maria [59]

Answer:

b. bait pricing

Explanation:

Bait pricing strategy is one that is aimed at attracting customers by presenting a price that is lower than the actual value of a product. Usually the product is limited in quantity and when buyers come in they are convinced to buy something else.

This is considered an illegal means of marketing.

I'm the given instance when the customer got to the dealership the salesperson can't find that particular car on the lot, saying maybe it was sold this morning before he got in. The salesperson offers a higher-priced car.

This is bait pricing strategy.

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