Answer:
1) Minimum wage is the base pay, or lowest pay, an employee can get without commission
2) social security is any government system that provides monetary assistance to ppl with an inadequate, or nonexistent income
3) 2037
4) hourly pay is an income that gets paid by the amount of time you were in work, and not how much you worked, if u spent more time working, u get paid more
salary pay is when an employee has a set pay that does not fluctuate
6) an addition to employees on top of their base salary
Explanation:
Harriet is the person that can claim the earned income credit because the divorce decree gives Harriet the right to claim Preston as a dependent.
<h3>What the law on divorce states</h3>
The law on divorce or separation decree states that the noncustodial parent may claim the dependent even when there is no written declaration from the custodial parent.
Other explanation includes:
- The parent who the child spends the most time with may claim the dependent.
- If only one of the taxpayers is the child’s parent, that parent may claim the dependent.
In conclusion, Harriet is the person that can claim the earned income credit because the divorce decree gives Harriet the right to claim Preston as a dependent.
Read more about income credit
<em>brainly.com/question/13522402</em>
Answer:
a. oligopoly.
b. an economic profit.
c. economic profits will fall.
Explanation:
An oligopoly can be defined as a market structure comprising of a small number of firms (sellers) offering identical or similar products, wherein none can limit the significant influence of others.
Hence, it is a market structure that is distinguished by several characteristics, one of which is either similar or identical products and dominance by few firms.
The characteristics of an oligopolistic market structure are;
I. Mutual interdependence between the firms.
II. Market control by many small firms.
III. Difficult entry to new firms.
Hence, a firm operating in the United States of America with only two other competitors in the industry is likely to be an industry that would be characterized as oligopoly.
Additionally, business firms operating in this industry (oligopolistic market) will likely earn an economic profit. Also, if foreign business firms begin supplying the product, increasing the number of competitors, it is likely that economic profits will fall because the industry is now being competitive and controlled by other business firms.
